Aspen Private Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 51–100 clients last fiscal year.
Aspen Private Advisors reports 125 clients. They include 64 individual clients and 61 high-net-worth individuals. Of its assets, 100.0% ($200M across 475 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $196M. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 51% | 12% |
| High-net-worth individuals | 49% | 85% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 64 | $24.6M | 12.3% | $384K |
| High-net-worth individuals | 61 | $170M | 85.2% | $2.79M |
| Pension and profit-sharing plans | Fewer than 5 | $3.78M | 1.9% | — |
| Charitable organizations | Fewer than 5 | $1.27M | 0.6% | — |
| Total | 125 | $200M | 100% | — |
- Clients
- 64
- Regulatory AUM
- $24.6M
- AUM share
- 12.3%
- Avg. per client
- $384K
- Clients
- 61
- Regulatory AUM
- $170M
- AUM share
- 85.2%
- Avg. per client
- $2.79M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.78M
- AUM share
- 1.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.27M
- AUM share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 125
- Regulatory AUM
- $200M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Aspen Private Advisors charges up to 1.80% a year for its Wrap Asset Management. The fee is billed in advance and is negotiable.
Fee details and sources
Aspen Holdings, LLC owns 75% or more of Aspen Private Advisors and is in turn owned by Todd Dathe (50–75%) and Jeremy Sorenson (25–50%). The leadership team of Aspen Private Advisors includes Chief Compliance Officer Todd Dathe. It has 5 employees.
Leadership
Todd DatheManaging Member & Chief Compliance Officer
Jeremy SorensonManaging Member
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 5 in advisory functions
- 4 state-registered reps
- 4 insurance agents
- Owns 75% or more of Aspen Private Advisors, LLC
Aspen Holdings, LLC
since January 2021
- Owns 50% to 75% of Aspen Holdings, LLC
Todd Dathe
Control person · since January 2021
- Owns 25% to 50% of Aspen Holdings, LLC
Jeremy Sorenson
Control person · since January 2021
Aspen Private Advisors’ regulatory assets grew 1.5× from $132M (February 2021) to $200M (March 2026); clients rose from 101 to 125 and employees from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $200M | 125 | 5 | 1 |
| March 2025 | $177M | 117 | 4 | 1 |
| March 2024 | $152M | 117 | 4 | 1 |
| March 2023 | $130M | 114 | 4 | 1 |
| March 2022 | $145M | 109 | 4 | 1 |
| February 2021 | $132M | 101 | 4 | 1 |
Besides its headquarters, Aspen Private Advisors has 0 offices, with 1 listed address in South Dakota.
South Dakota · 1 listed address
- 5201 South Western Avenue, Suite 103, Sioux FallsHQ
Contact and registration details
- Legal name
- Aspen Private Advisors, LLC
- Headquarters
- 5201 South Western Avenue, Suite 103, Sioux Falls, SD 57108
- Website
- aspenpa.com
- Phone
- 605-951-9620
- SEC file
- 801-113814
- Structure
- South Dakota LLC
- Fiscal year end
- December
Aspen Private Advisors uses LPL Financial ($196M) as custodian for its separately managed accounts. Aspen Private Advisors has custody of $7.07M in client assets for 13 clients.
- LPL FinancialLPL Financial LLC · Boston, MA · $196M100%
At year end, Aspen Private Advisors’ separately managed accounts were mostly in funds (95%). Its reported 13F holdings for the quarter ended 30 June 2026 total $99.7M across 7 positions; the largest are American Centy ETF TR (35.5%), Dimensional ETF Trust (28.2%) and iShares TR (17.1%).
What the accounts hold
- Stocks1%
- Funds95%
- Bonds1%
- Cash3%
Reported 13F holdings
- $99.7M
- Reported 13F value
- 7
- Positions
- 100.0%
- In the 10 largest
- —
- Value vs. prior quarter
- American Centy ETF TR · US EQT ETF35.5%
- Dimensional ETF Trust · World EX US Core28.2%
- iShares TR · MSCI USA Min ETF17.1%
- Dimensional ETF Trust · US High Prof ETF14.7%
- Janus Detroit Str TR · Hendrson Aaa CL3.4%
- iShares TR · Core S&P500 ETF0.8%
- Vanguard Index Fds · Total Stk Mkt0.3%
Together, the ten largest are 100.0% of reported value.
How many clients does Aspen Private Advisors have?
Aspen Private Advisors has 125 clients and manages $200 million for them, as of March 2026. They include 64 individual clients and 61 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Aspen Private Advisors offer?
Aspen Private Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Aspen Private Advisors charge?
Aspen Private Advisors charges up to 1.80% a year for its Wrap Asset Management. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A APP 1 - WRAP FEE BROCHURE, filed 26 March 2026
Which custodians does Aspen Private Advisors use?
Aspen Private Advisors’ separately managed account assets are held at LPL Financial LLC (Boston, MA), with $196M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Aspen Private Advisors have?
Aspen Private Advisors has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Aspen Private Advisors invest in?
At the end of its last fiscal year, Aspen Private Advisors’ separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents, 1% exchange-traded equities and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Aspen Private Advisors?
Aspen Private Advisors is owned through a holding company by Jeremy Sorenson and Todd Dathe. Its direct owner is Aspen Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Aspen Private Advisors get paid?
Aspen Private Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Aspen Private Advisors?
Aspen Private Advisors’ main office is at 5201 South Western Avenue, Suite 103, Sioux Falls, SD 57108. Its phone number is 605-951-9620. Its website is aspenpa.com.