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 Wealth Strategies, LLC
Latest filing Feb 25, 2026
First filing on the tape Feb 19, 2020 · 20 filings
SEC status approved since Sep 17, 2020
RAUM
$312M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
98%
$305M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$52.0M
derived; firm RAUM over IAPD count
Employees
7
6 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$312M as of Feb 25, 2026
Jan 15, 2021$184M then
HNW client RAUM$224M as of Feb 25, 2026
Jan 15, 2021$149M then
State-registered IARs (5.B.3)6 as of Feb 25, 2026
Jan 15, 20217 then
Employees (5.A)7 as of Feb 25, 2026
Jan 15, 20219 then
Private funds: no history
RAUM +12% over the last fiscal year+11% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Feb 25, 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
- RAUM per advisor
- $52.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 61derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $266,137derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 2.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 1.5derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.4%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $136M, 232 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)
- 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$224M72%
- Individuals$80.8M26%
- Charitable organizations$7.0M2.2%
- Individual clients
- 248reported
- HNW clients
- 115reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,173reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $136M for 232 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Andy Don Mcclaflin | Arvada, Co | Sep 21, 2020 | 23 y | 2 |
| Amber Kelly Anderson | Arvada, Co | Sep 21, 2020 | 18 y | 1 |
| Cade Nathaniel Hengel | Arvada, Co | Nov 5, 2020 | 10 y | 1 |
| Stephanie C. McelhenyCertified Financial Planner | Arvada, Co | Nov 6, 2020 | 18 y | 5 |
| Kellie G Beiers | Arvada, Co | Jul 25, 2023 | 22 y | 3 |
| Blake Wilson | Arvada, Co | Apr 24, 2024 | 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
- Ryan Michael Bowman to Terrace WealthMay 18, 2023 · Other
- Forrest Michael Murphy to Invesco Advisers, Inc.Apr 4, 2023 · Other
- John Faircloth to Northwestern Mutual Investment Services,LLCApr 16, 2021 · Other
Joined, latest
- Kellie G Beiers from Chasefield Capital LLCJul 25, 2023 · Other
- Forrest Michael Murphy from RBC Capital Markets, LLCAug 3, 2021 · Affiliated broker-dealer or bank to independent RIA
- John Faircloth from Raymond James Financial Services Advisors, IncJan 11, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- Cade Nathaniel Hengel from Raymond James Financial Services Advisors, IncNov 5, 2020 · Affiliated broker-dealer or bank to a newly registered adviser
- Andy Don Mcclaflin from Raymond James Financial Services Advisors, IncSep 21, 2020 · Affiliated broker-dealer or bank to a newly registered adviser
- Amber Kelly Anderson from Raymond James Financial Services Advisors, IncSep 21, 2020 · Affiliated broker-dealer or bank to a newly registered adviser
- Ryan Michael Bowman from Raymond James Financial Services Advisors, IncSep 21, 2020 · Affiliated broker-dealer or bank to a newly registered adviser
- Stephanie C. Mcelheny from Raymond James Financial Services Advisors, IncMar 20, 2020 · 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 Raymond James Financial Services Advisors, IncNov 2, 2020 · Arvada, Co
- 3 joined from Raymond James Financial Services Advisors, IncSep 23, 2020 · Arvada, Co
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kelly Amber Anderson · Chief Compliance Officer And Chief Executive Officercontrolsince 02/2020 · owns less than 5%
- Don Andy Mcclaflin · Chairman And Wealth Advisorcontrolsince 02/2020 · 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 |
|---|---|---|---|---|---|
| Arvada, Co · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Boulder, CO1 employees
- Golden, CO1 employees
- Lakewood, CO1 employees
What changed
consecutive filings, newest first
- Accounts · 1,142 to 1,173Dec 22, 2025 to Feb 25, 2026
- Charity clients · 6.0 to unsetDec 22, 2025 to Feb 25, 2026
- HNW clients · 114 to 115Dec 22, 2025 to Feb 25, 2026
- Individual clients · 244 to 248Dec 22, 2025 to Feb 25, 2026
- Assets in custody · $122M to $136MDec 22, 2025 to Feb 25, 2026
- Financial planning clients · 1-10 to 11-25Dec 22, 2025 to Feb 25, 2026
- Discretionary RAUM · $273M to $309MDec 22, 2025 to Feb 25, 2026
- HNW RAUM · $199M to $224MDec 22, 2025 to Feb 25, 2026
- Individual RAUM · $70.6M to $80.8MDec 22, 2025 to Feb 25, 2026
- Non-discretionary RAUM · $6.4M to $3.1MDec 22, 2025 to Feb 25, 2026
- RAUM · $280M to $312MDec 22, 2025 to Feb 25, 2026
- Financial planning clients · 1-10 to 1-10Jan 29, 2025 to Mar 27, 2025
- Accounts · 1,166 to 1,142Aug 5, 2024 to Jan 29, 2025
- Advisory employees · 5 to 6Aug 5, 2024 to Jan 29, 2025
- Charity clients · 8 to 6Aug 5, 2024 to Jan 29, 2025
- HNW clients · 109 to 114Aug 5, 2024 to Jan 29, 2025
- Individual clients · 246 to 244Aug 5, 2024 to Jan 29, 2025
- Assets in custody · $48.0M to $122MAug 5, 2024 to Jan 29, 2025
- State-registered IARs · 5 to 6Aug 5, 2024 to Jan 29, 2025
- Discretionary RAUM · $241M to $273MAug 5, 2024 to Jan 29, 2025
- HNW RAUM · $175M to $199MAug 5, 2024 to Jan 29, 2025
- Individual RAUM · $67.2M to $70.6MAug 5, 2024 to Jan 29, 2025
- Non-discretionary RAUM · $7.9M to $6.4MAug 5, 2024 to Jan 29, 2025
- RAUM · $249M to $280MAug 5, 2024 to Jan 29, 2025
- Accounts · 1,075 to 1,166Jul 27, 2023 to Mar 7, 2024
- Advisory employees · 6 to 5Jul 27, 2023 to Mar 7, 2024
- Charity clients · 7 to 8Jul 27, 2023 to Mar 7, 2024
- HNW clients · 72 to 109Jul 27, 2023 to Mar 7, 2024
- Individual clients · 295 to 246Jul 27, 2023 to Mar 7, 2024
- Assets in custody · $200M to $48.0MJul 27, 2023 to Mar 7, 2024
- Employees · 8 to 7Jul 27, 2023 to Mar 7, 2024
- Financial planning clients · 11-25 to 1-10Jul 27, 2023 to Mar 7, 2024
- State-registered IARs · 6 to 5Jul 27, 2023 to Mar 7, 2024
- Other offices · 1 to 3Jul 27, 2023 to Mar 7, 2024
- Discretionary RAUM · $223M to $241MJul 27, 2023 to Mar 7, 2024
- HNW RAUM · $137M to $175MJul 27, 2023 to Mar 7, 2024
- Individual RAUM · $77.4M to $67.2MJul 27, 2023 to Mar 7, 2024
- Non-discretionary RAUM · $3.0M to $7.9MJul 27, 2023 to Mar 7, 2024
- RAUM · $226M to $249MJul 27, 2023 to Mar 7, 2024
- Advisory employees · 5 to 6Jun 5, 2023 to Jul 27, 2023
Signals
7 dated events
- Michael Ryan Bowman (Wealth Advisor And Chief Financial Officer) no longer on Schedule A of Aspen Wealth Strategies, Llc (listed 2023-03-09, absent 2023-06-05)Jun 5, 2023 · Control person left · inference
- Ryan Michael Bowman left Aspen Wealth Strategies, Llc for Terrace Wealth (registered 2025-06-11)May 18, 2023 · Advisor changed firm · fact
- Forrest Michael Murphy left Aspen Wealth Strategies, Llc for Invesco Advisers, Inc. (registered 2023-06-13)Apr 4, 2023 · Advisor changed firm · fact
- Patrick Joel Faircloth (Chief Investment Officer And Wealth Manager) no longer on Schedule A of Aspen Wealth Strategies, Llc (listed 2021-01-15, absent 2021-04-16)Apr 16, 2021 · Control person left · inference
- Patrick Joel Faircloth (Chief Investment Officer And Wealth Manager) appeared on Schedule A of Aspen Wealth Strategies, LlcJan 15, 2021 · Control person joined · fact
- Patrick Joel Faircloth (President Of Wealth Management) no longer on Schedule A of Aspen Wealth Strategies, Llc (listed 2020-02-19, absent 2020-08-17)Aug 17, 2020 · Control person left · inference
- Aspen Wealth Strategies, Llc filed its initial SEC registration (Form ADV)Feb 19, 2020 · 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
- 303-421-1113reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 303-421-2301reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/aspen-wealth-strategiesreportedpublic record, Form ADV, Sep 17, 2026
- Website
- aspenwealthstrategies.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (303) 421-1113reportedpublic record, Form ADV, Feb 25, 2026
- Contact form
- aspenwealthstrategies.com/contact-usreportedpublished 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
- $52.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026