Aspen Grove Capital, LLC (Avon)

Name: Aspen Grove Capital, LLC
Address: 90 Benchmark Road, Avon, CO, 81620
Telephone: 970-688-4188

Aspen Grove Capital, LLC is a large advisory firm based in Avon. It manages $2.69 billion of regulatory assets for 982 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Colorado.

Aspen Grove Capital provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and bill paying services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aspen Grove Capital: assets under management

The assets under management (AUM) of Aspen Grove Capital, LLC is $2.69 billion. The firm's AUM has grown by 220% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.79 billion in discretionary accounts and $897.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.99 million.

Aspen Grove Capital has custody of $2.02 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 16% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Aspen Grove Capital, LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Aspen Grove Capital serves?

The only and largest group of clients of Aspen Grove Capital is high net worth individuals with 10 clients and $2.69 billion of assets under management. Among the 9 most similar advisory firms, Aspen Grove Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.69 billion for 10 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.

Aspen Grove Capital doesn't advise any private funds.

Careers at Aspen Grove Capital, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Jeffrey Clayton Kirwood	Managing member	1 Mar 2011	75% - 100%	5950168
Richard Jess Geisman	Chief compliance officer	1 Feb 2013	Other	2153452
Matthew J Horvitz	Member	1 Jan 2015	Other	6473069
Llc Maven Advisers	Member	1 Mar 2015	Other	47-3521044
Aspen Grove Trust	Member	1 May 2017	Other	82-6272281

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Clayton Kirwood	Trustee	1 May 2017	Other	5950168

Based in Avon

The principal office where Aspen Grove Capital, LLC performs its advisory services is located at 90 Benchmark Road, Avon, CO 81620 The mailing address of the firm is P.O. Box 9389, Avon, CO 81620. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 970-688-4188 or by fax 970-579-7144. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at aspengrovellc.com and its LinkedIn profile.