DFX Intelligence

Data Factory

RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 1b 10b

ASPEN CAPITAL MANAGEMENT, LLC

ASPEN CAPITAL MANAGEMENT, CRD 119050

BOISE, ID

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:df6c2224-c8c7-66da-5a5a-2fff6b509b8e

Data as of Feb 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 2:10 AM UTC and rebuilt at most every 15 minutes.

Relationships: 18
Dated events: 5
On other graphs: 0
Observed: Jan 23, 2012 to Feb 24, 2026
21 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.91 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $1.3BItem 5.F on the latest filing (2026-02-24); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.3B
Private client RAUM: $1.2BderivedItem 5.D individuals plus high net worth individuals
Private client share: 91%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 10
RAUM per advisor: $134Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 12
Advisory employees: 9
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,518
Individual clients: 159
High net worth clients: 284
Custody, client assets: $864M
SEC number: 801-63437
CRD: 119050
Filings on the tape: 21
First filed: Jan 23, 2012
Latest filed: Feb 24, 2026
Organised: Limited Liability Company, ID

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
MIKE SEAN MERS	n/a	BOISE, ID	21	24	n/a	no
RACHEL ANNE LYSNE	n/a	BOISE, ID	7	10	n/a	no
LAVEA GRACE THOMAS	Certified Financial Planner	BOISE, ID	5	21	1	no
Nathan Ross Burman	n/a	BOISE, ID	3	14	n/a	no
Trevor Hotmer	n/a	BOISE, ID	2	14	n/a	no
Maranda Kailey Barnhart	n/a	BOISE, ID	1	11	n/a	no
TAJ PEREIRA	Certified Financial Planner	BOISE, ID	1	11	2	no
Scott Warner	n/a	BOISE, ID	1	14	n/a	no
Michael Keller	n/a	BOISE, ID	0	14	n/a	no
Johann Simpson	n/a	BOISE, ID	0	10	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
MERS, MIKE, SEAN	Member	E	yes	01/2002	Feb 24, 2026	Feb 24, 2026
LYSNE, RACHEL, ANNE	CHIEF COMPLIANCE OFFICER	A	no	01/2023	Feb 24, 2026	Feb 24, 2026
THOMAS, LAVEA, GRACE	Member	A	no	07/2025	Feb 24, 2026	Feb 24, 2026
DOW, KATHERINE, GRACE	Member	B	no	01/2023	Mar 30, 2023	Nov 28, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Feb 24, 2026	$1.3B	$1.3B	12	9	0	n/a	n/a
2024	Mar 5, 2025	$1.1B	$1.1B	9	6	0	n/a	n/a
2023	Mar 29, 2024	$1.0B	$0	10	7	0	n/a	n/a
2022	Mar 30, 2023	$850M	$0	9	6	0	n/a	n/a
2021	Mar 24, 2022	$836M	$0	7	5	0	n/a	n/a
2020	Mar 18, 2021	$785M	$0	6	3	0	n/a	n/a
2019	Mar 31, 2020	$459M	$0	6	3	0	n/a	n/a
2018	Mar 29, 2019	$497M	$0	5	3	0	n/a	n/a
2017	Mar 27, 2018	$510M	$0	5	2	0	n/a	n/a
2016	Mar 21, 2017	$395M	$0	3	1	n/a	n/a	n/a
2015	Mar 2, 2016	$329M	$0	2	1	n/a	n/a	n/a
2014	Mar 19, 2015	$330M	$0	2	1	n/a	n/a	n/a
2013	Mar 11, 2014	$305M	$0	2	1	n/a	n/a	n/a
2012	Mar 5, 2013	$237M	$0	2	1	n/a	n/a	n/a
2011	Jan 23, 2012	$170M	$0	n/a	0	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	1	-1	10.0%	0	0	0	1	3

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$1.3B	$1.1B	18.4%	$850M	16.3%	12	9	0	0

Relationships

Registered with (15)

← Johann SimpsonAdvisorregistration: current employment
Jan 16, 2026 to presentfactForm ADV
← Michael KellerAdvisorregistration: current employment
Oct 1, 2025 to presentfactForm ADV
← TAJ PEREIRAAdvisorregistration: current employment
Jun 19, 2025 to presentfactForm ADV
← Scott WarnerAdvisorregistration: current employment
Jun 19, 2025 to presentfactForm ADV
← Maranda Kailey BarnhartAdvisorregistration: current employment
Jan 15, 2025 to presentfactForm ADV
← Trevor HotmerAdvisorregistration: current employment
Jun 20, 2024 to presentfactForm ADV
← Nathan Ross BurmanAdvisorregistration: current employment
Nov 16, 2022 to presentfactForm ADV
← LAVEA GRACE THOMASAdvisorregistration: current employment
Jun 8, 2021 to presentfactForm ADV
← RACHEL ANNE LYSNEAdvisorregistration: current employment
Oct 24, 2018 to presentfactForm ADV
← MIKE SEAN MERSAdvisorregistration: current employment
Sep 9, 2005 to presentfactForm ADV
← KATHERINE GRACE DOWAdvisorregistration: previous registration
Jun 13, 2019 to Nov 17, 2025factForm ADV
← Jake James TaylorAdvisorregistration: previous registration
Dec 22, 2021 to Apr 10, 2025factForm ADV
← James Randy SmithAdvisorregistration: previous registration
Sep 26, 2021 to Mar 7, 2025factForm ADV
← JOHANNA SANCHEZ ADLESONAdvisorregistration: previous registration
Jun 18, 2020 to May 12, 2021factForm ADV
← MATTHEW VERNARD COOLEYAdvisorregistration: previous registration
Aug 24, 2017 to Jul 21, 2019factForm ADV

Controls (1)

← MERS, MIKE, SEANOwnerMEMBER - CHIEF COMPLIANCE OFFICER, ownership code E, individual
Jan 23, 2012 to Nov 28, 2024factForm ADV

Owns (2)

← DOW, KATHERINE, GRACEOwnerMEMBER, ownership code B, individual
Mar 30, 2023 to Nov 28, 2024factForm ADV
← rant, rachel, anneOwnerMEMBER, ownership code A, individual
Mar 30, 2023 to Nov 28, 2024factForm ADV

Dated events

Occurred
Nov 17, 2025
Advisor changed firm
Katherine Grace Dow left Aspen Capital Management, Llc for Decisionpoint Financial, Llc (registered 2026-04-13)
Form ADVobserved 5 days ago
Occurred
Apr 10, 2025
Advisor changed firm
Jake James Taylor left Aspen Capital Management, Llc for Astra Wealth Management Llc (registered 2025-04-15)
Form ADVobserved 5 days ago
Occurred
Mar 7, 2025
Advisor changed firm
James Randy Smith left Aspen Capital Management, Llc for Vitality Wealth (registered 2025-02-26)
Form ADVobserved 5 days ago
Occurred
Mar 30, 2023
Control person left
Christine Lori Mers (Member) no longer on Schedule A of Aspen Capital Management, Llc (listed 2022-03-24, absent 2023-03-30)
Form ADVobserved 5 days ago
Occurred
Mar 18, 2021
Regulatory AUM changed
Aspen Capital Management, Llc reported RAUM $785.0M, up 71% from $458.9M (2020-06-26 to 2021-03-18)
Form ADVobserved 5 days ago
$326M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:df6c2224-c8c7-66da-5a5a-2fff6b509b8e
First observed: Jan 23, 2012
Last observed: Feb 24, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

ASPEN CAPITAL MANAGEMENT, LLC

ASPEN CAPITAL MANAGEMENT, CRD 119050

BOISE, ID

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:df6c2224-c8c7-66da-5a5a-2fff6b509b8e

Data as of Feb 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 2:10 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MIKE SEAN MERS

n/a

BOISE, ID

n/a

RACHEL ANNE LYSNE

n/a

BOISE, ID

n/a

LAVEA GRACE THOMAS

Certified Financial Planner

BOISE, ID

Nathan Ross Burman

n/a

BOISE, ID

n/a

Trevor Hotmer

n/a

BOISE, ID

n/a

Maranda Kailey Barnhart

n/a

BOISE, ID

n/a

TAJ PEREIRA

Certified Financial Planner

BOISE, ID

Scott Warner

n/a

BOISE, ID

n/a

Michael Keller

n/a

BOISE, ID

n/a

Johann Simpson

n/a

BOISE, ID

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

MERS, MIKE, SEAN

Member

yes

01/2002

Feb 24, 2026

LYSNE, RACHEL, ANNE

CHIEF COMPLIANCE OFFICER

01/2023

Feb 24, 2026

THOMAS, LAVEA, GRACE

Member

07/2025

Feb 24, 2026

DOW, KATHERINE, GRACE

Member

01/2023

Mar 30, 2023

Nov 28, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Feb 24, 2026

$1.3B

n/a

2024

Mar 5, 2025

$1.1B

n/a

2023

Mar 29, 2024

$1.0B

n/a

2022

Mar 30, 2023

$850M

n/a

2021

Mar 24, 2022

$836M

n/a

2020

Mar 18, 2021

$785M

n/a

2019

Mar 31, 2020

$459M

n/a

2018

Mar 29, 2019

$497M

n/a

2017

Mar 27, 2018

$510M

n/a

2016

Mar 21, 2017

$395M

n/a

2015

Mar 2, 2016

$329M

n/a

2014

Mar 19, 2015

$330M

n/a

2013

Mar 11, 2014

$305M

n/a

2012

Mar 5, 2013

$237M

n/a

2011

Jan 23, 2012

$170M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

-1

10.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$1.3B

$1.1B

18.4%

$850M

16.3%