DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
A•••• W••••• M••••••••• L••
Latest filing Apr 13, 2026
First filing on the tape Oct 4, 2018 · 18 filings
SEC status approved since Nov 5, 2018
RAUM
$658M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$651M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$82.2M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$658M as of Apr 13, 2026
Mar 4, 2019$107M then
HNW client RAUM$569M as of Apr 13, 2026
Mar 4, 2019$63.1M then
State-registered IARs (5.B.3)6 as of Apr 13, 2026
Mar 4, 20193 then
Employees (5.A)9 as of Apr 13, 2026
Mar 4, 20194 then
Private funds: no history
RAUM +29% over the last fiscal year+31% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Apr 13, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $82.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 43derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $586,820derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 4.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +29%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.5%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, otherreportedItem 5.G
- Wrap fee program
- $7.2BreportedItem 5.I
- Custody
- $12,664, 3 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$569M86%
- Individuals$82.0M12%
- Corporations and businesses$7.3M1.1%
- Individual clients
- 158reported
- HNW clients
- 188reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,121reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- $658M sponsored, $65.8M managedreported
- Custody of client assets
- $12,664 for 3 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| H•••• B••••• S•••••••Certified Financial Planner | Fort Worth, Tx | Feb 17, 2012 | 18 y | 4 |
| N••••• W•••• D••••Certified Financial Planner, Chartered Financial Analyst | Fort Worth, Tx | Jan 4, 2017 | 12 y | 1 |
| C•••••• S•••••Certified Financial Planner | Fort Worth, Tx | Apr 12, 2017 | 11 y | 0 |
| J•••• A•••• D••••Certified Financial Planner | Fort Worth, Tx | Jul 1, 2021 | 11 y | 3 |
| T••• A••••• F•••Certified Financial Planner | Fort Worth, Tx | May 24, 2023 | 11 y | 2 |
| M•••••• A••••• Q••••••••Certified Financial Planner | Fort Worth, Tx | Jul 21, 2023 | 13 y | 0 |
| J•••• C••••••••• S•••••• | Fort Worth, Tx | Apr 17, 2025 | 10 y | 0 |
| A•••••• P••••••• H••••••Certified Financial Planner | Fort Worth, Tx | Feb 25, 2026 | 10 y | 3 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- O••••• S•••• M••••• to B•••• F•••••••• C••••••••• I••Apr 28, 2022 · RIA to RIA
- K•••••• A•• A•••• to T•••••• P•••••••• A•••••••• L••Dec 13, 2018 · RIA to RIA
Joined, latest
- A•••••• P••••••• H•••••• from T•• M••••• G••••• L••Feb 25, 2026 · RIA to RIA
- T••• A••••• F••• from B•••••••• L••May 24, 2023 · RIA to RIA
- J•••• A•••• D•••• from M•••• W••••• A•••••••• L••Jul 1, 2021 · RIA to RIA
- N••••• W•••• D•••• from P••• A••••• S••••••••• L••Jan 4, 2017 · Other
- K•••••• A•• A•••• from C••••• A••••••• L••Jan 31, 2013 · Other
- H•••• B••••• S••••••• from P•••••• W••• F•••••••• C••••••••• I••Feb 17, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- S•••••••• H••••• B••••• · President, Chief Compliance Officercontrolsince 05/2011 · owns 50% to 75%
- D•••••• M•••••••• R• · Membersince 01/2019 · owns less than 5%
- D••••• J••••• A•••• · Membersince 05/2023 · owns less than 5%
- D••••• N•••••• W•••• · Membersince 01/2019 · owns 10% to 25%
- S•••••• C•••••• · Membersince 01/2018 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Fort Worth, Tx · principal | 8 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Southlake, TX1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Apr 13, 2026HNW share of RAUM moved from 12.0% to 86.0% between the annual amendments of 2025-02-04 and 2026-04-13peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 961 to 1,121Sep 30, 2025 to Feb 12, 2026
- Corporate clients · unset to 7.0Sep 30, 2025 to Feb 12, 2026
- HNW clients · 144 to 188Sep 30, 2025 to Feb 12, 2026
- Individual clients · 184 to 158Sep 30, 2025 to Feb 12, 2026
- Pension plan clients · 6.0 to unsetSep 30, 2025 to Feb 12, 2026
- Assets in custody · $590,448 to $12,664Sep 30, 2025 to Feb 12, 2026
- Financial planning clients · 26-50 to 11-25Sep 30, 2025 to Feb 12, 2026
- Discretionary RAUM · $502M to $655MSep 30, 2025 to Feb 12, 2026
- HNW RAUM · $61.4M to $569MSep 30, 2025 to Feb 12, 2026
- Individual RAUM · $441M to $82.0MSep 30, 2025 to Feb 12, 2026
- Non-discretionary RAUM · $7.5M to $2.9MSep 30, 2025 to Feb 12, 2026
- Pension RAUM · 7485244.0 to unsetSep 30, 2025 to Feb 12, 2026
- RAUM · $510M to $658MSep 30, 2025 to Feb 12, 2026
- Wrap assets (manager) · $502M to $65.8MSep 30, 2025 to Feb 12, 2026
- Wrap assets (sponsor) · $502M to $658MSep 30, 2025 to Feb 12, 2026
- Business name · A•••• W••••• M••••••••• to A•••• W••••• M••••••••• L••Jul 24, 2025 to Sep 30, 2025
- Legal name · H•••• S••••••• GROUP, LLC to A•••• W••••• M••••••••• L••Jul 24, 2025 to Sep 30, 2025
- Financial planning clients · 26-50 to 26-50Feb 4, 2025 to Jul 24, 2025
- Accounts · 897 to 961Sep 29, 2024 to Feb 4, 2025
- HNW clients · 128 to 144Sep 29, 2024 to Feb 4, 2025
- Individual clients · 159 to 184Sep 29, 2024 to Feb 4, 2025
- Assets in custody · unset to 590448.0Sep 29, 2024 to Feb 4, 2025
- Custody of client assets · false to trueSep 29, 2024 to Feb 4, 2025
- Financial planning clients · 11-25 to 26-50Sep 29, 2024 to Feb 4, 2025
- Discretionary RAUM · $362M to $502MSep 29, 2024 to Feb 4, 2025
- HNW RAUM · $315M to $61.4MSep 29, 2024 to Feb 4, 2025
- Individual RAUM · $46.2M to $441MSep 29, 2024 to Feb 4, 2025
- Non-discretionary RAUM · $6.6M to $7.5MSep 29, 2024 to Feb 4, 2025
- Pension RAUM · $6.6M to $7.5MSep 29, 2024 to Feb 4, 2025
- RAUM · $368M to $510MSep 29, 2024 to Feb 4, 2025
- Wrap assets (manager) · $361M to $502MSep 29, 2024 to Feb 4, 2025
- Wrap assets (sponsor) · $361M to $502MSep 29, 2024 to Feb 4, 2025
- Accounts · 739 to 897May 22, 2023 to Feb 7, 2024
- Advisory employees · 4 to 6May 22, 2023 to Feb 7, 2024
- HNW clients · 105 to 128May 22, 2023 to Feb 7, 2024
- Individual clients · 149 to 159May 22, 2023 to Feb 7, 2024
- Pension plan clients · 3 to 6May 22, 2023 to Feb 7, 2024
- Employees · 8 to 9May 22, 2023 to Feb 7, 2024
- Financial planning clients · 101-250 to 11-25May 22, 2023 to Feb 7, 2024
- State-registered IARs · 4 to 6May 22, 2023 to Feb 7, 2024
Signals
5 dated events
- A•••• W••••• M••••••••• L•• reported RAUM $657.8M, up 29% from $509.6M (2025-09-30 to 2026-02-12)Feb 12, 2026 · RAUM change · derived
- A•••• W••••• M••••••••• L•• reported RAUM $509.6M, up 38% from $368.4M (2024-09-29 to 2025-02-04)Feb 4, 2025 · RAUM change · derived
- O••••• S•••• M••••• left A•••• W••••• M••••••••• L•• for B•••• F•••••••• C••••••••• I•• (registered 2022-05-26)Apr 28, 2022 · Advisor changed firm · fact
- A•••• W••••• M••••••••• L•• reported RAUM $292.2M, up 57% from $186.3M (2021-06-17 to 2022-02-16)Feb 16, 2022 · RAUM change · derived
- A•••• W••••• M••••••••• filed its initial SEC registration (Form ADV)Oct 4, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@aspenwealthmgmt.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- jim@aspenwealthmgmt.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- nancy@aspenwealthmgmt.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 817-717-9675reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 817-546-6353reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 817-710-8371reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/A••••WEALTHMANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
- Website
- A••••WEALTHMGMT.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 817-546-6353reportedpublic record, Form ADV, Apr 13, 2026
- Contact form
- aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worthreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- aspenwealthmgmt.com/team/helen-stephens-cfpreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $82.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026