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.
SEC-registered adviser
Aspen Private Advisors, LLC
Latest filing Mar 26, 2026
First filing on the tape Jul 11, 2018 · 19 filings
SEC status approved since Aug 13, 2018
RAUM
$200M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$195M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$40.0M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$200M as of Mar 26, 2026
Feb 27, 2019$148M then
HNW client RAUM$170M as of Mar 26, 2026
Feb 27, 2019$89.1M then
State-registered IARs (5.B.3)4 as of Mar 26, 2026
Feb 27, 20193 then
Employees (5.A)5 as of Mar 26, 2026
Feb 27, 20193 then
Private funds: no history
RAUM +13% over the last fiscal year+15% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 26, 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
- $40.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 25derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $420,919derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Wrap fee program
- $196MreportedItem 5.I
- Custody
- $7.1M, 13 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$170M85%
- Individuals$24.6M12%
- Pension and profit-sharing plans$3.8M1.9%
- Charitable organizations$1.3M0.6%
- Individual clients
- 64reported
- HNW clients
- 61reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 475reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $7.1M for 13 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Todd Robert Dathe | Sioux Falls, Sd | Aug 20, 2018 | 26 y | 5 |
| Jeremy James SorensonCertified Financial Planner | Sioux Falls, Sd | Aug 20, 2018 | 14 y | 2 |
| Cara Marie BeyerCertified Financial Planner | Sioux Falls, Sd | Nov 22, 2019 | 12 y | 1 |
| Meghan Kramer | Sioux Falls, Sd | Dec 10, 2019 | 10 y | 0 |
| Myranda Thoen | Sioux Falls, Sd | Jan 6, 2026 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Cara Marie Beyer from Raymond James Financial Services Advisors, IncNov 22, 2019 · Other
- Todd Robert Dathe from Level Four Advisory ServicesAug 20, 2018 · Affiliated broker-dealer or bank to a newly registered adviser
- Jeremy James Sorenson from Level Four Advisory ServicesAug 20, 2018 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Level Four Advisory ServicesOct 2, 2018 · Dallas, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Robert Todd Dathe · Managing Member & Chief Compliance Officercontrolsince 07/2018 · owns less than 5%
- James Jeremy Sorenson · Managing Membercontrolsince 07/2018 · owns less than 5%
- Robert Todd Dathe · Ownercontrolsince 01/2021 · owns 50% to 75% of Aspen Holdings, LLC
- James Jeremy Sorenson · Ownercontrolsince 01/2021 · owns 25% to 50% of Aspen Holdings, LLC
Entity owners
- Aspen Holdings, LLC · Ownerdirect · owns 75% or more
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 |
|---|---|---|---|---|---|
| Sioux Falls, Sd · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 458 to 475Mar 20, 2025 to Mar 26, 2026
- Advisory employees · 4 to 5Mar 20, 2025 to Mar 26, 2026
- HNW clients · 54 to 61Mar 20, 2025 to Mar 26, 2026
- Individual clients · 63 to 64Mar 20, 2025 to Mar 26, 2026
- Assets in custody · $3.6M to $7.1MMar 20, 2025 to Mar 26, 2026
- Employees · 4 to 5Mar 20, 2025 to Mar 26, 2026
- Discretionary RAUM · $177M to $200MMar 20, 2025 to Mar 26, 2026
- HNW RAUM · $144M to $170MMar 20, 2025 to Mar 26, 2026
- Individual RAUM · $28.8M to $24.6MMar 20, 2025 to Mar 26, 2026
- Pension RAUM · $2.9M to $3.8MMar 20, 2025 to Mar 26, 2026
- RAUM · $177M to $200MMar 20, 2025 to Mar 26, 2026
- Accounts · 439 to 458Mar 14, 2024 to Mar 20, 2025
- HNW clients · 71 to 54Mar 14, 2024 to Mar 20, 2025
- Individual clients · 46 to 63Mar 14, 2024 to Mar 20, 2025
- Assets in custody · $2.9M to $3.6MMar 14, 2024 to Mar 20, 2025
- Financial planning clients · 51-100 to 51-100Mar 14, 2024 to Mar 20, 2025
- Discretionary RAUM · $152M to $177MMar 14, 2024 to Mar 20, 2025
- HNW RAUM · $135M to $144MMar 14, 2024 to Mar 20, 2025
- Individual RAUM · $13.6M to $28.8MMar 14, 2024 to Mar 20, 2025
- Pension RAUM · $2.4M to $2.9MMar 14, 2024 to Mar 20, 2025
- RAUM · $152M to $177MMar 14, 2024 to Mar 20, 2025
- Accounts · 430 to 439Mar 21, 2023 to Mar 14, 2024
- HNW clients · 52 to 71Mar 21, 2023 to Mar 14, 2024
- Individual clients · 62 to 46Mar 21, 2023 to Mar 14, 2024
- Assets in custody · $3.2M to $2.9MMar 21, 2023 to Mar 14, 2024
- Discretionary RAUM · $130M to $152MMar 21, 2023 to Mar 14, 2024
- HNW RAUM · $108M to $135MMar 21, 2023 to Mar 14, 2024
- Individual RAUM · $18.3M to $13.6MMar 21, 2023 to Mar 14, 2024
- Pension RAUM · $2.3M to $2.4MMar 21, 2023 to Mar 14, 2024
- RAUM · $130M to $152MMar 21, 2023 to Mar 14, 2024
- Accounts · 405 to 430Mar 1, 2022 to Mar 21, 2023
- HNW clients · 48 to 52Mar 1, 2022 to Mar 21, 2023
- Individual clients · 61 to 62Mar 1, 2022 to Mar 21, 2023
- Assets in custody · $4.5M to $3.2MMar 1, 2022 to Mar 21, 2023
- Financial planning clients · 11-25 to 51-100Mar 1, 2022 to Mar 21, 2023
- Discretionary RAUM · $145M to $130MMar 1, 2022 to Mar 21, 2023
- HNW RAUM · $120M to $108MMar 1, 2022 to Mar 21, 2023
- Individual RAUM · $21.0M to $18.3MMar 1, 2022 to Mar 21, 2023
- Pension RAUM · $2.2M to $2.3MMar 1, 2022 to Mar 21, 2023
- RAUM · $145M to $130MMar 1, 2022 to Mar 21, 2023
Signals
1 dated events
- Aspen Private Advisors, Llc filed its initial SEC registration (Form ADV)Jul 11, 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 phone
- 605-951-9620reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- aspenpa.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 605-951-9620reportedpublic record, Form ADV, Mar 26, 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
- $40.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026