# EDGAR Filing Document

**Accession Number:** 0001805758
**File Stem:** 0001805758-23-000001
**Filing Date:** 2023-2
**Character Count:** 10953
**Document Hash:** 770c149f4bda8d52559f0dd992a59f11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001805758-23-000001.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001805758-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Ascent Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001805758
- **IRS NUMBER:** 474914635
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20200
- **FILM NUMBER:** 23591931

**BUSINESS ADDRESS:**
- **STREET 1:** 1401 LAWRENCE ST.
- **STREET 2:** #1600
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-465-7910

**MAIL ADDRESS:**
- **STREET 1:** 1401 LAWRENCE ST.
- **STREET 2:** #1600
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** First Ascent Asset Management LLC<br>**Address:** 1401 LAWRENCE ST.

#1600<br>DENVER, CO 80202

**Form 13F File Number:** 028-20200

**CRD Number (if applicable):** 000281470

**SEC File Number (if applicable):** 801-113358

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Karen L Garcia<br>**Title:** COO<br>**Phone:** 720-465-7910

**Signature, Place, and Date of Signing:**

Karen L Garcia  Denver, CO  02-06-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 68

**Form 13F Information Table Value Total:** $654156823

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 |  | 563827 | 32274 | SH |  | SOLE | 0 | 0 | 0 | 32274 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 2743976 | 54390 | SH |  | SOLE | 0 | 0 | 0 | 54390 |
| AMERICAN CENTY ETF TR | REAL ESTATE ETF | 025072356 |  | 1004520 | 24429 | SH |  | SOLE | 0 | 0 | 0 | 24429 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 4529644 | 81836 | SH |  | SOLE | 0 | 0 | 0 | 81836 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 41774543 | 873762 | SH |  | SOLE | 0 | 0 | 0 | 873762 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 10954559 | 490137 | SH |  | SOLE | 0 | 0 | 0 | 490137 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 60301255 | 2483577 | SH |  | SOLE | 0 | 0 | 0 | 2483577 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 29114707 | 1347903 | SH |  | SOLE | 0 | 0 | 0 | 1347903 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 3206814 | 77235 | SH |  | SOLE | 0 | 0 | 0 | 77235 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA EME | 381430206 |  | 2894649 | 102248 | SH |  | SOLE | 0 | 0 | 0 | 102248 |
| GOLDMAN SACHS ETF TR | ACCESS US AGRAT | 38149W101 |  | 3190392 | 77644 | SH |  | SOLE | 0 | 0 | 0 | 77644 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 11864235 | 155842 | SH |  | SOLE | 0 | 0 | 0 | 155842 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 5755684 | 199989 | SH |  | SOLE | 0 | 0 | 0 | 199989 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1655039 | 35440 | SH |  | SOLE | 0 | 0 | 0 | 35440 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 1645806 | 54732 | SH |  | SOLE | 0 | 0 | 0 | 54732 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 6740468 | 116456 | SH |  | SOLE | 0 | 0 | 0 | 116456 |
| ISHARES TR | ESG ADV TTL USD | 46436E619 |  | 1969873 | 46679 | SH |  | SOLE | 0 | 0 | 0 | 46679 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 4270790 | 64965 | SH |  | SOLE | 0 | 0 | 0 | 64965 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 45071858 | 1003157 | SH |  | SOLE | 0 | 0 | 0 | 1003157 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 277026 | 2625 | SH |  | SOLE | 0 | 0 | 0 | 2625 |
| ISHARES TR | ESG MSCI LEADR | 46435U218 |  | 7075908 | 106710 | SH |  | SOLE | 0 | 0 | 0 | 106710 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1142989 | 4725 | SH |  | SOLE | 0 | 0 | 0 | 4725 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 867451 | 4975 | SH |  | SOLE | 0 | 0 | 0 | 4975 |
| ISHARES TR | AGGRES ALLOC ETF | 464289859 |  | 3665838 | 61353 | SH |  | SOLE | 0 | 0 | 0 | 61353 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 2354346 | 27764 | SH |  | SOLE | 0 | 0 | 0 | 27764 |
| ISHARES TR | CONSER ALLOC ETF | 464289883 |  | 250478 | 7452 | SH |  | SOLE | 0 | 0 | 0 | 7452 |
| ISHARES TR | GRWT ALLOCAT ETF | 464289867 |  | 2567179 | 54436 | SH |  | SOLE | 0 | 0 | 0 | 54436 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 1355513 | 12868 | SH |  | SOLE | 0 | 0 | 0 | 12868 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 552365 | 8415 | SH |  | SOLE | 0 | 0 | 0 | 8415 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 299081 | 4852 | SH |  | SOLE | 0 | 0 | 0 | 4852 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 736391 | 18877 | SH |  | SOLE | 0 | 0 | 0 | 18877 |
| ISHARES TR | MSCI USA SML CP | 46434V290 |  | 3683534 | 74175 | SH |  | SOLE | 0 | 0 | 0 | 74175 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 278911 | 12281 | SH |  | SOLE | 0 | 0 | 0 | 12281 |
| ISHARES TR | INTL EQTY FACTOR | 46434V274 |  | 527244 | 21432 | SH |  | SOLE | 0 | 0 | 0 | 21432 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 249441 | 10715 | SH |  | SOLE | 0 | 0 | 0 | 10715 |
| ISHARES TR | IBONDS 24 TRM TS | 46436E874 |  | 250283 | 10494 | SH |  | SOLE | 0 | 0 | 0 | 10494 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 14367237 | 302150 | SH |  | SOLE | 0 | 0 | 0 | 302150 |
| ISHARES TR | MODERT ALLOC ETF | 464289875 |  | 304839 | 8020 | SH |  | SOLE | 0 | 0 | 0 | 8020 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2073808 | 5398 | SH |  | SOLE | 0 | 0 | 0 | 5398 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 468371 | 10249 | SH |  | SOLE | 0 | 0 | 0 | 10249 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 338669 | 6756 | SH |  | SOLE | 0 | 0 | 0 | 6756 |
| NUSHARES ETF TR | NUVEEN ESG SMLCP | 67092P607 |  | 1622941 | 47482 | SH |  | SOLE | 0 | 0 | 0 | 47482 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 2533164 | 56106 | SH |  | SOLE | 0 | 0 | 0 | 56106 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 227270 | 1935 | SH |  | SOLE | 0 | 0 | 0 | 1935 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 42761215 | 1440257 | SH |  | SOLE | 0 | 0 | 0 | 1440257 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 14809994 | 449332 | SH |  | SOLE | 0 | 0 | 0 | 449332 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1382715 | 3616 | SH |  | SOLE | 0 | 0 | 0 | 3616 |
| SPDR SER TR | PORTFOLIO S | 78464A854 |  | 1063753 | 23649 | SH |  | SOLE | 0 | 0 | 0 | 23649 |
| SPDR SER TR | PRTFLO S GW | 78464A409 |  | 2457654 | 48503 | SH |  | SOLE | 0 | 0 | 0 | 48503 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 559275 | 6114 | SH |  | SOLE | 0 | 0 | 0 | 6114 |
| SPDR SER TR | PORTFOLIO SHORT | 78464A474 |  | 471060 | 16033 | SH |  | SOLE | 0 | 0 | 0 | 16033 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 3007619 | 77337 | SH |  | SOLE | 0 | 0 | 0 | 77337 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 19224117 | 405316 | SH |  | SOLE | 0 | 0 | 0 | 405316 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 6093009 | 38369 | SH |  | SOLE | 0 | 0 | 0 | 38369 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 53910057 | 281971 | SH |  | SOLE | 0 | 0 | 0 | 281971 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 3833579 | 20887 | SH |  | SOLE | 0 | 0 | 0 | 20887 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 14417168 | 108514 | SH |  | SOLE | 0 | 0 | 0 | 108514 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 552861 | 4088 | SH |  | SOLE | 0 | 0 | 0 | 4088 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 80907979 | 230284 | SH |  | SOLE | 0 | 0 | 0 | 230284 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3481976 | 17084 | SH |  | SOLE | 0 | 0 | 0 | 17084 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2269791 | 27519 | SH |  | SOLE | 0 | 0 | 0 | 27519 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 665273 | 4739 | SH |  | SOLE | 0 | 0 | 0 | 4739 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 4331938 | 50260 | SH |  | SOLE | 0 | 0 | 0 | 50260 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1210748 | 31061 | SH |  | SOLE | 0 | 0 | 0 | 31061 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 69890808 | 1412221 | SH |  | SOLE | 0 | 0 | 0 | 1412221 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 475446 | 7716 | SH |  | SOLE | 0 | 0 | 0 | 7716 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 37448719 | 724066 | SH |  | SOLE | 0 | 0 | 0 | 724066 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1607153 | 38293 | SH |  | SOLE | 0 | 0 | 0 | 38293 |

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