{"url":"https://nivawealth.com/firms/aspen-private-advisors-297639","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/297639","regulatoryAum":199936645,"crd":"297639","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6359405","suffix":null,"lastName":"BEYER","firstName":"CARA","middleName":"MARIE"},{"crd":"4200005","suffix":null,"lastName":"DATHE","firstName":"TODD","middleName":"ROBERT"},{"crd":"6953739","suffix":null,"lastName":"Kramer","firstName":"Meghan","middleName":null},{"crd":"4658195","suffix":null,"lastName":"SORENSON","firstName":"JEREMY","middleName":"JAMES"},{"crd":"8172228","suffix":null,"lastName":"Thoen","firstName":"Myranda","middleName":null}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-09","regulatoryAum":132298137,"clients":101,"employees":4,"offices":1},{"filedOn":"2022-03-01","regulatoryAum":145145021,"clients":109,"employees":4,"offices":1},{"filedOn":"2023-03-21","regulatoryAum":130380204,"clients":114,"employees":4,"offices":1},{"filedOn":"2024-03-14","regulatoryAum":152296593,"clients":117,"employees":4,"offices":1},{"filedOn":"2025-03-20","regulatoryAum":176690004,"clients":117,"employees":4,"offices":1},{"filedOn":"2026-03-26","regulatoryAum":199936645,"clients":125,"employees":5,"offices":1}],"secFileNumber":"801-113814","legalName":"Aspen Private Advisors, LLC","displayName":"Aspen Private Advisors","slug":"aspen-private-advisors-297639","website":"https://aspenpa.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/297639/17c2760a719ac477-r1.webp","tone":"dark","width":511,"height":200,"sourceUrl":"https://aspenpa.com/","sourceLabel":"Aspen Private Advisors, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"South Dakota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"5201 South Western Avenue, Suite 103","city":"Sioux Falls","state":"SD","stateName":"South Dakota","country":"United States","postalCode":"57108"},"tradeNames":[],"registration":{"secApproved":"13 August 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1559081.784,"staff":{"employees":5,"advisory":5,"brokerDealerReps":0,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":199936645,"discretionary":199936645,"discretionaryAccounts":475,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":196154250,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":64,"regulatoryAum":24563000},{"label":"High-net-worth individuals","clients":61,"regulatoryAum":170322223},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":3782395},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":1269027}],"feePrograms":[{"role":"main","program":"Wrap Asset Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027215","versionId":1027215,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-26","documentName":"FORM ADV PART 2A APP 1 - WRAP FEE BROCHURE","fee_rate_low":null,"fee_rate_high":1.8,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:06:26.903165+00:00","documents":[{"name":"FORM ADV PART 2A APP 1 - WRAP FEE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027215","versionId":1027215,"submittedOn":"2026-03-26"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027214","versionId":1027214,"submittedOn":null}]},"custodians":[{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Boston, MA","smaAssets":196154250}],"custodyNote":"Aspen Private Advisors has custody of $7.07M in client assets for 13 clients.","otherCustodians":[],"leadership":[{"name":"Todd Dathe","title":"Managing Member & Chief Compliance Officer","crd":"4200005"},{"name":"Jeremy Sorenson","title":"Managing Member","crd":"4658195"}],"ownership":[{"label":"Aspen Holdings, LLC","detail":"Owner in the 75% or more ownership band, since January 2021."},{"label":"Jeremy Sorenson","detail":"Indirect owner: a owner of Aspen Holdings, LLC in the 25% to 50% band and a control person, since January 2021.","parent":"Aspen Holdings, LLC"},{"label":"Todd Dathe","detail":"Indirect owner: a owner of Aspen Holdings, LLC in the 50% to 75% band and a control person, since January 2021.","parent":"Aspen Holdings, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"South Dakota","offices":1,"addresses":[{"street":"5201 South Western Avenue, Suite 103","city":"Sioux Falls","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"605-951-9620","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":95},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/297639/PDF/297639.pdf","brochureDate":"26 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027215","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Aspen Private Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Aspen Private Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Aspen Private Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Aspen Private Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Aspen Private Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Aspen Private Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Aspen Private Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Aspen Private Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Aspen Private Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/aspen-private-advisors-297639/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-31","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2143677/000117266126002978/0001172661-26-002978-index.html","totalValue":99686951,"positionCount":7,"top10Share":1,"top10":[{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US EQT ETF","cusip":"025072885","value":35371609,"shares":276168,"shareType":"SH"},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"WORLD EX US CORE","cusip":"25434V880","value":28157554,"shares":764320,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA MIN ETF","cusip":"46429B697","value":17017747,"shares":176422,"shareType":"SH"},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US HIGH PROF ETF","cusip":"25434V831","value":14657265,"shares":351240,"shareType":"SH"},{"issuer":"JANUS DETROIT STR TR","titleOfClass":"HENDRSON AAA CL","cusip":"47103U845","value":3427705,"shares":67888,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":793823,"shares":1060,"shareType":"SH"},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":261248,"shares":706,"shareType":"SH"}],"positionsListed":7,"positions":[{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US EQT ETF","cusip":"025072885","value":35371609,"shares":276168,"shareType":"SH"},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"WORLD EX US CORE","cusip":"25434V880","value":28157554,"shares":764320,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA MIN ETF","cusip":"46429B697","value":17017747,"shares":176422,"shareType":"SH"},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US HIGH PROF ETF","cusip":"25434V831","value":14657265,"shares":351240,"shareType":"SH"},{"issuer":"JANUS DETROIT STR TR","titleOfClass":"HENDRSON AAA CL","cusip":"47103U845","value":3427705,"shares":67888,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":793823,"shares":1060,"shareType":"SH"},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":261248,"shares":706,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}