Aspencross Wealth Management, Inc. (Westborough)

Name: Aspencross Wealth Management, Inc.
Address: 1400 Computer Drive, Westborough, MA, 01581
Telephone: (508) 870-0440

Aspencross Wealth Management, Inc. is a large advisory firm based in Westborough. It manages $100.2 million of regulatory assets for 471 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

Aspencross Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aspencross Wealth Management: assets under management

The assets under management (AUM) of Aspencross Wealth Management, Inc. is $100.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.74 thousand each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aspencross Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Aspencross Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Aspencross Wealth Management is individuals with 401 clients and $88.52 million of assets under management. Among the 10 most similar advisory firms, Aspencross Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $100.2 million for 409 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Aspencross Wealth Management doesn't advise any private funds.

Careers at Aspencross Wealth Management, Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Clement Jansen	President, chief investment officer and chief compliance officer	1 Mar 2018	50% - 75%	1719437
Steven Craig Johnson	Principal	1 Mar 2018	25% - 50%	1995029

Based in Westborough

The principal office where Aspencross Wealth Management, Inc. performs its advisory services is located at 1400 Computer Drive, Westborough, MA 01581, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (508) 870-0440. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at aspencross.com and its LinkedIn profile.