Aspen Investment Management Inc
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Overview
Aspen Investment Management Inc is a financial advisor company headquartered in Grand Rapids, Michigan. The company has $247.7 million in assets over 225 client accounts, making it a mid-tier firm in the country by assets under management (AUM). The firm has a small group, including 4 financial advisors. Aspen Investment Management Inc does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as options, stocks and bonds.
Aspen Investment Management Inc administers the majority of the company's accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make buy and sell choices for the client's account without needing to seek client authorization. The firm also manages two non-discretionary accounts with a total of $286,050 in assets. The company oversees roughly $1.1 million in assets for every account. The average advisor at Aspen Investment Management Inc manages about 56 client accounts, making it about average in terms of personalization.
Aspen Investment Management Inc's main office is at 4020 E. Beltline Ave Ne, Grand Rapids, Michigan 49525. It is legally registered to provide services to clients across a few states, including California, Illinois, Michigan and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Aspen Investment Management Inc by the Numbers
$247.7 million
4
225
$1.1 million
Fee Structure
Fees charged by financial advisors depend on which services are offered. Fees billed by the company typically consist of the following fee structure: asset-based. Aspen Investment Management Inc does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with retail investors, high net worth investors, charitable organizations and corporations. Out of its 225 accounts, Aspen Investment Management Inc's biggest client is retail investors, though it also manages money for 64 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 28.44%
- Other Individuals - 70.22%
- Corporations - 0.44%
- Charitable Organizations - 0.89%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Aspen Investment Management Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Aspen Investment Management Inc
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
Grand Rapids, MI
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