Aspen Wealth Management Review
Aspen Wealth Management is a financial advisor firm headquartered in Overland Park, Kansas with approximately $46 million in assets under management. The firm works primarily with individuals and high net worth individuals, but it also offers its services to pooled investment vehicles and charitable organizations.
The firm was founded in 2000 by its current president, Trevor Holsinger. Today, the firm works with roughly 150 clients. It offers a wide range of wealth management services, specialty services and corporate services to its clients.
Aspen Wealth Management Background
Aspen Wealth Management was founded in 2000 by Trevor Holsinger. Holsinger has continued to serve as president of the firm, and Steve Small and Darrin Wolff have since joined as investment advisors. Small is also the firm’s chief compliance officer. Before founding Aspen Wealth Management, Holsinger was the vice president of planning at a different financial services firm in Kansas City.
What Types of Clients Does Aspen Wealth Management Accept?
Aspen Wealth Management offers services to individuals, high net worth individuals, pooled investment vehicles and charitable organizations.
Aspen Wealth Management Minimum Account Sizes
Aspen Wealth Management says that it requires a minimum of $100,000 in investable assets for investment management services. The average account size of individual clients (including high net worth individuals) is around $308,000.
Services Offered by Aspen Wealth Management
Aspen Wealth Management offers a fairly wide range of services to its clients, especially for a three-person firm. The firm services include:
- Wealth Management
- Investment Management
- Financial Planning
- Integrated Specialty Services
- Concierge services
- Charitable giving
- Client education
- Legal services
- Banking/credit services
- Insurance planning
- Tax planning
- Corporate Retirement Plan Management
Aspen Wealth Management Investment Philosophy
Aspen Wealth Management begins the investment management process by identifying the individual objectives of each client, as well as that client’s time horizon. Aspen encourages every client to adopt a long-term perspective and consider investing for at least five years. After objectives have been established, the firm uses a fundamental risk analysis to determine an asset allocation that makes sense for those objectives. Aspen Wealth Management also urges its clients that the consistent implementation of both investment strategies and financial plans are just as important as the formulations of those strategies and plans.
Fees Under Aspen Wealth Management
Fees for investment management services from Aspen Wealth Management are negotiable and may vary depending on the size and complexity of your account. That said, the fees will typically adhere to the following schedule:
|Investment Management Fees|
|Account Size||Fee Percentage|
These fees will be paid quarterly, in arrears. For clients with less than $100,000 in their account, Aspen will charge a minimum quarterly fee of $250 for investment management services. For financial planning services, the fee may be a fixed amount or based on the client’s gross annual income. Half the fee will be paid when the client accepts the client services agreement, and the other half will be paid once Aspen presents the completed plan.
The below table shows how Aspen Wealth Management's investment management fees compare to the national median. Remember that these are only estimates and actual fees may vary.
|Estimated Fee Comparison*|
|Your Assets||Aspen Wealth Management||National Median Advisory Fees**|
|$1MM||$10,000||$8,500 - $10,000|
|$5MM||$34,000||$25,000 - $32,500|
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.|
What to Watch out For
Aspen Wealth Management is a three-person firm with roughly 150 clients and around $46 million in assets under management. This is to say that the firm is a relatively small operation. If you’re looking for a smaller firm, then Aspen could be a great fit for you. However, if you see yourself working with a firm that has a network of thousands of advisors, you may want to look elsewhere. It all depends on what you’re looking for.
Aspen Wealth Management has filed one disclosure. In 2017, the Missouri Securities Division alleged that the firm was doing business in the state of Missouri without the proper registration. Aspen Wealth Management didn’t admit to or deny the allegations, but the firm agreed to pay a fine of $25,000.
Opening an Account With Aspen Wealth Management
There are a few different ways you can get in touch with Aspen Wealth Management. You can visit the firm’s website and fill out the contact form with your name, email address and message. You can also call the firm at (913) 491-0500, or you can email one of the advisors, Steve Small, at firstname.lastname@example.org.
Where Is Aspen Wealth Management Located?
Aspen Wealth Management is headquartered in Overland Park, Kansas on the corner of College Boulevard and Metcalf Avenue, near exit 79 of Interstate-435.
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