Ascentis Holdings, a newly formed Dallas-based wealth management company, unified three formerly independent firms under its brand. Ascentis Wealth Management (AWM), Ascentis Asset Management (AAM) and Ascentis Independent Advisors (AIA, formerly Golden State Equity Partners) comprise the company.
The company aims to provide advisors with “a next-generation wealth management platform,” providing fee-based advisors with multiple affiliation options, practice management resources and structured investment processes, supported by shared infrastructure, according to a news release.
Ascentis reports having 43 advisors in 16 states and over $2 billion in client assets.
Leadership And Structure
Michael Mansur and Clint Sorenson founded Ascentis Holdings and oversee the company. Mansur serves as CEO of AWM, and Sorenson is CEO and Chief Investment Officer of AAM.
“Ascentis Holdings gives experienced, high-performing advisors the freedom to run their businesses their way, backed by infrastructure that drives a more consistent client experience,” said Mansur. “In the end, advisors stay in control, while the platform adds the institutional depth that makes the model durable.”
Ascentis Holdings formed a strategic partnership with John Nahas and Golden State Equity Partners to add operational depth and infrastructure experience. Nahas serves as CEO of AIA and is a Founding Partner in the broader Ascentis platform, focused on independent advisors.
AWM was created for advisory teams that prefer to operate under a shared brand and centralized infrastructure, while AIA supports fee-based independent advisors who prefer to operate under their own brands but leverage institutional infrastructure.
“Ascentis Holdings brings together flexible operating support, disciplined practice management and a unified, institutional-grade asset management platform so advisors can grow without sacrificing independence or choice,” Nahas said.
Asset Management Capabilities
AAM merged with WealthShield’s asset management business and Golden State’s in-house asset management program. It provides investment research, portfolio implementation, manager due diligence and ongoing monitoring under one platform, supporting advisor businesses across Ascentis Holdings while remaining available to outside advisors.
“Ascentis Holdings is built for the second half of this decade,” Sorenson said. “We strengthen investment capabilities through AAM, expand planning and operational support across the platform and provide continuity options that help advisors evolve their practices over time.”
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