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Aspen Wealth Management Review

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Aspen Wealth Management

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
First $1,000,000 1.00%
Next $2,000,000 0.70%
Above $3,000,000 0.50%

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**
$500K $5,000 $5,000
$1MM $10,000 $8,500 - $10,000
$5MM $34,000 $25,000 - $32,500
$10MM $59,000 $50,000
*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.

Disclosures

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 steve@aspenwealth.com.

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.

Tips for Finding a Financial Advisor

  • If you're looking to take the hassle out of finding a financial advisor, consider using SmartAsset's financial advisor matching tool. Just fill out a short survey with your financial goals and preferences, and the tool will connect you with up to three qualified financial advisors in your area.
  • 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 Many Years $1 Million 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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

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