Sensible Portfolios, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Sensible Portfolios, LLC provides discretionary portfolio management and financial planning primarily to individual and high-net-worth clients, and also serves pension plans and trusts. The firm manages roughly $195 million across about 173 client relationships and handles account monitoring, rebalancing, and custodial reporting.
The firm’s investment approach is grounded in the view that markets are generally efficient and that prudent asset allocation, broad diversification, and attention to fees drive outcomes. Portfolios are built from client objectives and monitored on an ongoing basis, with custodial execution through selected brokers and periodic rebalancing under discretionary authority.
Noteworthy operational details include the firm’s use of both Charles Schwab and Altruist custodians to access Dimensional Fund Advisors products, a lack of a formal account minimum, and administrative practices such as monthly billing for some accounts and an option to pay advisory fees by credit card. Sensible also eschews trade aggregation for individualized execution and maintains a formal Code of Ethics with no disclosed disciplinary history.
Client services
Expertise
Fee options
$0 - $1,000,000: 0.70% $1,000,001+: 0.10%
Main office
Reno NV
Advisors at this office
2
Most active in
California · Texas
Also doing business as
Armuth Asset Management · Armuth, Darrell Charles · Sensible Portfolios, LLC · Sensibleportfolios
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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
Darrell A
Series 65
Reno, NV
Sensible Portfolios, LLC
Darrell Armuth is a financial advisor at Sensible Portfolios, LLC with 23 years of industry experience. He holds a Series 65 designation and has been managing assets through Armuth Asset Management since 1994. Sensible Portfolios, LLC provides investment management and financial planning services to individuals, high-net-worth clients, trusts, and pension/profit-sharing plans. The firm emphasizes efficient markets, broad diversification, and low fees, managing approximately $167.5 million in discretionary assets for around 159 clients without requiring a minimum account size.
Lena A
CFP®, Series 65
Reno, NV
Sensible Portfolios, LLC
Lena Armuth is a CFP® and holds a Series 65 license, with four years of industry experience. She has worked at Sensible Portfolios, LLC since 2021 and previously spent six years with Gerson Lehrman Group. Sensible Portfolios, LLC provides investment management and financial planning services to individuals, high-net-worth clients, trusts, and pension/profit-sharing plans. The firm emphasizes efficient markets, broad diversification, and low fees, managing approximately $167.5 million in discretionary assets for about 159 clients.
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