Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
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
- Fixed Fees (Other than subscription)
Aspen Private Advisors, LLC Overview
Aspen Private Advisors, LLC is a registered investment advisory (RIA) firm that provides investment advice only. The firm was founded in 2018 and is headquartered in Sioux Falls, SD. Aspen Private Advisors offers a fee-only arrangement, which means that clients only pay for the investment advice provided, rather than commissions or other hidden fees. The firm's services include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. Aspen Private Advisors offers tailored investment recommendations and strategies to help clients meet their financial goals, whether they are saving for retirement, building wealth, or managing their assets. As a fee-only RIA, Aspen Private Advisors puts their clients' interests first. The firm's investment strategies are designed to minimize risk and maximize returns, while keeping costs low. The firm's experienced investment professionals work closely with clients to develop customized investment plans that take into account their individual financial situations, investment goals, and risk tolerance. Overall, Aspen Private Advisors, LLC is a trusted and reliable investment advisory firm that provides personalized investment advice and portfolio management services to individuals, small businesses, and institutional clients.
ASPEN PRIVATE ADVISORS, LLC caters to a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. With a keen focus on providing customized solutions that cater to each client's unique requirements, ASPEN PRIVATE ADVISORS, LLC aims to offer an unparalleled experience that ensures maximum customer satisfaction. When it comes to the fee structures available, ASPEN PRIVATE ADVISORS, LLC offers flexible options that depend on the service provided. Clients can choose from a percentage of assets under management (AUM), hourly fees, or fixed fees, depending on their specific requirements and preferences. The percentage of AUM is a commonly used fee structure, where the advisor charges a percentage of the client's total assets under management. Hourly fees are charged based on the amount of time the advisor spends on the client's specific needs. Fixed fees are one-time charges, usually associated with a specific portfolio or project. With these various fee structures, ASPEN PRIVATE ADVISORS, LLC ensures that clients receive personalized solutions that fit their financial goals and objectives.
Typical Clients, Fee Structures & Investment Minimum
According to Aspen Private Advisors, LLC's Part 2 Brochure, there is an investment minimum requirement for their services. The note states that "Aspen has minimum account values of $1,000,000, which are subject to change at any time in Aspen’s sole discretion." Therefore, it can be inferred that the investment minimum for Aspen Private Advisors, LLC is currently $1,000,000, but this amount may change at any time at their discretion.
How This Office Can Help Lincoln County, SD Residents
Cabot Wealth Management offers a range of financial advisory services to clients in Salem, MA, including portfolio management, retirement planning, tax planning, and estate planning. Their team of experienced financial advisors works closely with each client to assess their unique financial situation and design a customized strategy to help them achieve their financial goals. For example, as Salem is a historic coastal town with a thriving tourism industry, Cabot Wealth Management may help clients who are small business owners in the hospitality industry to establish retirement plans for their employees or develop a tax-efficient strategy for their business. Additionally, many residents of Salem may be facing complex estate planning issues, particularly if they own historic properties or have significant assets. Cabot Wealth Management can help these clients develop a comprehensive estate plan that takes into account their unique assets, family dynamics, and charitable giving priorities. Ultimately, the firm's goal is to provide clients in Salem with financial peace of mind and help them build a secure financial future for themselves and their families.
Services Offered by Aspen Private Advisors, LLC
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 Private Advisors, LLC 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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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 Private Advisors, LLC is registered to service clients in the following states:
- South Dakota
- Texas
Disciplinary History
Aspen Private Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.