Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
Aspen Wealth Management Overview
Aspen Wealth Management is a fee-only Registered Investment Advisory (RIA) firm that was established in 2018. The firm operates from its headquarters in Fort Worth, TX, and is committed to offering investment advice only. Aspen Wealth Management's fee arrangement is structured such that clients pay only for the services they receive, eliminating potential conflicts of interest that may arise from commissions. At Aspen Wealth Management, the mission is to help clients plan for and achieve their financial goals. The firm offers a range of services, including financial planning, portfolio management for individuals and small businesses, and pension consulting services. The team at Aspen Wealth Management works with clients to develop customized financial plans that align with their unique goals and risk tolerance. In addition to its advisory services, Aspen Wealth Management also provides consulting services to clients. These services include asset allocation advice, investment research, and risk analysis. The firm's professionals have a wealth of experience in financial services, and they work closely with clients to identify opportunities to optimize their investment strategies. Through its comprehensive suite of services, Aspen Wealth Management is committed to helping clients navigate the complexities of the financial markets and meet their long-term financial objectives.
ASPEN WEALTH MANAGEMENT caters to a diverse clientele that includes individuals and high net worth individuals, pension or profit sharing plans, and charitable organizations. The firm's comprehensive approach towards wealth management ensures that each client gets personalized attention and an optimized plan to achieve their financial goals. ASPEN WEALTH MANAGEMENT's team of experts possesses excellent analytical and communication skills, which allows them to tailor their services to address even the most complex financial situations. The fee structures available at ASPEN WEALTH MANAGEMENT vary depending on the specific service provided. For clients who opt for asset management services, ASPEN WEALTH MANAGEMENT charges a percentage of assets under management (AUM). This arrangement aligns their interests with those of the clients as the firm's earnings increase only when the portfolio values rise. For other clients, who require financial planning, consulting, or other services on an hourly basis, ASPEN WEALTH MANAGEMENT offers a flexible fee structure. Clients can avail themselves of these services for a set number of hours or on a project basis. The firm ensures complete transparency and clarity while discussing fees, and clients can be assured that they will get fair, reasonable, and competitive rates that align with the level of service provided.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Aspen Wealth Management (AWM) does not require a minimum account size to obtain their advisory services, indicating that they do not have an investment minimum. Therefore, clients can work with AWM regardless of their investment size, which may be advantageous for those who are just starting to invest or have a limited budget.
How This Office Can Help Johnson County, TX Residents
Aspen Wealth Management provides comprehensive financial planning and management services to clients in Johnson County, TX. The firm recognizes that the residents of Johnson County may face unique financial circumstances, such as fluctuating incomes in the agricultural or oil industries, as well as the need to balance retirement planning with competitive investment opportunities. Aspen Wealth Management offers a range of services to help clients navigate these challenges, including retirement planning, investment management, and tax planning. The firm also provides specialized services for small business owners seeking to optimize their financial strategies. With a focus on long-term goals and a commitment to personalized attention, Aspen Wealth Management is well-equipped to help clients in Johnson County achieve financial stability and peace of mind.
Services Offered by Aspen Wealth Management
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Aspen Wealth Management most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Unavailable
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Aspen Wealth Management is registered to service clients in the following states:
- Texas
Disciplinary History
Aspen Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.