Tolton Asset Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Tolton Asset Management is a fee-only registered investment adviser that provides portfolio management and financial consulting to individuals, trusts, estates, charitable organizations, small businesses and retirement plans; as of December 31, 2024 it reported roughly $30.36 million in AUM across 40 clients and is operated by two advisors. In addition to investment management, the firm owns and operates a separate CPA division that offers tax advice, tax return preparation and other accounting services under direct engagement.
The firm follows a non-discretionary advisory model: it recommends asset allocations and specific investments but does not accept discretionary trading authority, placing trades only with client approval and using a limited power of attorney to execute approved transactions. Investment advice emphasizes diversified portfolios constructed from mutual funds, ETFs and select alternative investments (private funds, limited partnerships and LLCs), with portfolio tilts toward smaller-company and value exposures and periodic reviews at least annually.
Noteworthy aspects relative to peers include the ownership of an affiliated CPA practice — an uncommon feature among similar firms — and the firm’s documented preference for non-discretionary relationships rather than discretionary management. The practice is small and generalist (no account minimum), does not target a high‑net‑worth niche, may accept processing/finder fees from alternative investment providers paid by the provider (not from client assets), and leaves proxy voting and custodial reporting primarily to clients rather than providing separate performance reports.
Client services
Expertise
Fee options
Fixed fees charged by CPA Firm for limited scope services and tax preparation
0.25% - 2.0% annually
Hourly fees charged by CPA Firm for limited scope services
Fee-only: Fee-only investment management and advisory services
Main office
8939 S Sepulveda Blvd, Ste 440
Los Angeles CA 90045
Advisors at this office
2
Most active in
California
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:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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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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.
Forms ADV
Advisors at this firm
Scott T
Series 65
Los Angeles, CA
Tolton Asset Management, LLC
Scott Tolton is a financial advisor at Tolton Asset Management, LLC with six years of industry experience. He holds a Series 65 designation and has worked as an analytics consultant at Cornerstone Research since 2017. Prior to his current role, he spent seven years at Brigham Young University. Tolton Asset Management is a fee-only registered investment adviser serving individuals, trusts, estates, charitable organizations, small businesses, and retirement plans. The firm employs a non-discretionary advisory model, emphasizing diversified portfolios with an allocation toward smaller-company and value exposures, and also operates an affiliated CPA division providing tax and accounting services.
Justin T
Series 63
Los Angeles, CA
Tolton Asset Management, LLC
Justin Tolton is a financial advisor at Tolton Asset Management, LLC in Los Angeles, CA, with seven years of industry experience. He holds a Series 63 designation and has a background that includes ownership and operation of a public accounting firm since 1982. Tolton Asset Management is a fee-only registered investment adviser serving individuals, trusts, estates, charitable organizations, small businesses, and retirement plans. The firm employs a non-discretionary advisory model, emphasizes diversified portfolios with a tilt toward smaller-company and value exposures, and operates an affiliated CPA practice offering tax and accounting services.
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