Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

Aspen Wealth Management Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Aspen Wealth Management is a financial advisor firm headquartered in Overland Park, Kansas that works primarily with individuals and high-net-worth individuals, but it also offers its services to institutional clients.

The firm was founded in 2000 by its current president, Trevor Holsinger. It offers a wide range of wealth management services, specialty services and corporate services to its clients. And as a fee-only firm, Aspen Wealth Management's revenue comes solely from the advisory fees that clients pay, not third-party commissions for recommending products and services. 

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.

The team at Aspen Wealth Management does not appear to hold any financial certifications like the certified financial planner (CFP) designation.

Aspen Wealth Management Client Types and Minimum Account Sizes

Aspen Wealth Management offers services to individuals, high-net-worth individuals, pooled investment vehicles, charities, pension and profit-sharing plans, trusts, corporations and other business entities.

The firm does not have a minimum account size requirement, although it will assess a minimum quarterly fee of $250 on accounts with less than $100,000.

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
First $1MM 1.00%
Next $2MM 0.70%
Above $3M 0.50%

These fees will be paid quarterly, in arrears. Here's how much you would pay in advisory fees based on the size of your account:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Aspen Wealth Management*
Your Assets (Firm Name) Fee Amounts
$500K $5,000
$1MM $10,000
$5MM $34,000
$10MM $59,000

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.

What to Watch Out 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.

Aspen Wealth Management is a three-person firm with just over 100 clients and around $45 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.

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 steve@aspenwealth.com.

 

Tips for Finding a Financial Advisor

  • Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • If you're looking to start investing, but you can't meet the account minimums of most traditional financial advisors, you might be better suited for a robo-advisor. Robo-advisors often have lower minimums, so you can take advantage of the stock market early in your investing career.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research