Wealth manager, independent · Avon, CO
Aspen Grove Capital, LLC
SEC-registered investment adviser · CRD 158166 · SEC 801-78138
At a glance
Aspen Grove Capital, LLC is an SEC-registered investment adviser based in Avon, Colorado, with $6.7B in regulatory assets under management as of its Form ADV filed September 14, 2026. It reports 40 individual clients, 0 of them high-net-worth, holding an average of about $166 million each, and 22 employees. That ranks it 159th among the nation’s 5,657 independent wealth management RIAs and 3rd of 177 in Colorado. It reports 2 custodians for its clients’ separately managed accounts: Morgan Stanley and J.P. Morgan.
Main office 970-688-4188aspengrovellc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $6.7B
- Rank among independent wealth managers
- #159 of 5,657
- Rank among all SEC RIAs
- #1,754 of 17,210
- Rank in Colorado
- #3 of 177
- Individual clients
- 40
- High-net-worth clients
- 0
- Accounts
- 3,287
- Discretionary
- 83% of AUM
- Employees
- 22
- Advisory staff
- 12
- Offices
- 2
Owners and executives on its Form ADV
- Jeffrey C. KirwoodManaging Member
- Richard J. GeismanChief Compliance Officer
- Jeffrey C. KirwoodTrustee of Aspen Grove Trust
Custody and brokerage
Broker-dealer
No broker-dealer ties
Aspen Grove Capital, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 40 | $6.6B | 100% |
| Pooled investment vehicles | 2 | $23M | <1% |
Private funds
Aspen Grove Capital, LLC reports 2 private funds with $23M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Aspen Grove Capital, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗aspengrovellc.com ↗
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The full record on Aspen Grove Capital, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 622 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Colorado
All of Colorado →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Empower Advisory Group, LLCGreenwood Village | $195B | 293,347 |
| Mercer Global Advisors Inc.Denver | $84B | 35,044 |
| Western Wealth Management LLCGolden | $5.4B | 11,019 |
| JFG Family OfficeDenver | $4.5B | 162 |
| BOK Financial Private Wealth, Inc.Denver | $3.7B | 737 |
| GHP Investment Advisors IncDenver | $3.1B | 1,226 |
Background
Questions
How much does Aspen Grove Capital, LLC manage?
Aspen Grove Capital, LLC reports $6.7B in regulatory assets under management across 3,287 accounts, 83% of it on a discretionary basis, on its Form ADV filed September 14, 2026.
How many clients does Aspen Grove Capital, LLC have?
It reports 40 individual clients: 0 high-net-worth individuals and 40 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Aspen Grove Capital, LLC headquartered?
Its main office is in Avon, Colorado. It reports 2 offices in total and 22 employees, 12 of whom perform investment advisory functions.
How does Aspen Grove Capital, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Aspen Grove Capital, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Morgan Stanley and J.P. Morgan. On Schedule D of its Form ADV filed September 14, 2026, it reports these amounts held: Morgan Stanley ($2.5B); J.P. Morgan ($679M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Aspen Grove Capital, LLC a hybrid RIA with a broker-dealer?
Aspen Grove Capital, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Aspen Grove Capital, LLC a fiduciary?
As an SEC-registered investment adviser, Aspen Grove Capital, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Aspen Grove Capital, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-14), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →