Ascent Financial Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Ascent Financial Group provides comprehensive financial planning and ongoing portfolio management primarily for individual and high‑net‑worth clients, offering services that include retirement planning, tax strategy, risk management, cash‑flow and debt management, college savings, business planning, and monitoring of variable annuities and insurance separate accounts. The firm bills on an asset‑based fee schedule and delivers continuous planner access and implementation over time.
The firm generally manages client accounts on a discretionary basis, applying a mix of fundamental, technical, cyclical and economic analysis to construct strategic asset allocations and pursue long‑ and short‑term trading as appropriate. AFG monitors portfolios regularly, conducts annual plan reviews, and may hire or replace sub‑advisers or reallocate assets without prior client approval while placing trades through qualified custodians to seek best execution.
Uncommonly for supported firms, AFG participates in an insurance platform provided by DPL Financial Partners that gives clients access to commission‑free insurance products via licensed agents and a third‑party broker‑dealer; AFG pays a fixed annual fee for access to that platform and discloses that insurers pay service fees to DPL. The firm notes it does not accept commissions for insurance sales as part of its advisory business, but also discloses that some advisory personnel hold insurance licenses and could receive customary insurance commissions when acting in that separate capacity, and it includes insurance separate accounts in its asset management and reporting.
Client services
Expertise
Occupation focus
Demographic focus
Fee options
$0 - $1,500,000: 1.00% $1,500,001 - $4,999,999: 0.75% $5,000,000+: 0.50%
Main office
413 Stuart Circle, Suite 220
Richmond VA 23220
Advisors at this office
3
Most active in
New York · North Carolina · Virginia
Also doing business as
Ascent Financial Group · Ascent Financial Group LLC · Ascent Financial Grp LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Dustin N
CFP®, Series 66
Richmond, VA
Ascent Financial Group
Dustin Newton is a CFP® with nine years of industry experience, currently serving as a financial advisor at Ascent Financial Group since 2020. His prior roles include positions at LPL Financial, Cetera Advisors, and S&P Global Market Intelligence. Outside of advising, he is a partner in a family real estate rental business. Ascent Financial Group provides comprehensive financial planning and portfolio management primarily for individual and high-net-worth clients. The firm applies a mix of fundamental, technical, cyclical, and economic analysis to manage client accounts on a discretionary basis, delivering ongoing planner access and regular portfolio monitoring.
Andrew M
Series 65
Richmond, VA
Ascent Financial Group
Andrew Mohrmann is a financial advisor at Ascent Financial Group with a Series 65 designation and over 10 years of industry experience. Prior to joining Ascent Financial Group in 2026, he worked at Truist Bank for a decade. Ascent Financial Group provides comprehensive financial planning and portfolio management primarily for individual and high-net-worth clients. The firm employs a combination of fundamental, technical, cyclical, and economic analysis to manage client portfolios on a discretionary basis and offers continuous planner access alongside implementation over time.
Michael O
CFP®, Series 65
Richmond, VA
Ascent Financial Group
Michael O'Shaughnessy is a financial advisor at Ascent Financial Group with a Series 65 designation and one year of industry experience. Prior to joining Ascent Financial Group, he worked at Journey Health & Lifestyle, Stanley Black & Decker, and Capital One. He volunteers with CancerLINC, providing assistance with account organization and debt consolidation to individuals affected by cancer. Ascent Financial Group offers comprehensive financial planning and portfolio management services primarily for individual and high-net-worth clients. The firm employs a mix of fundamental, technical, cyclical, and economic analysis to manage client portfolios on a discretionary basis and provides ongoing planner access and implementation.
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