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
Agp Franklin, LLC
Latest filing Apr 7, 2026
First filing on the tape May 17, 2024 · 13 filings
SEC status approved since Jul 25, 2024
RAUM
$247M
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
100%
$247M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$82.4M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$247M as of Apr 7, 2026
Feb 6, 2025$195M then
HNW client RAUM$174M as of Apr 7, 2026
Feb 6, 2025$113M then
State-registered IARs (5.B.3)3 as of Apr 7, 2026
Feb 6, 20252 then
Employees (5.A)7 as of Apr 7, 2026
Feb 6, 20256 then
Private funds: no history
RAUM +27% over the last fiscal yearIARs 2 to 3
Practice profile
derived from the filing of Apr 7, 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
- $82.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 152derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $337,051derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 86%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +27%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +17%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Wrap fee program
- $213MreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$174M70%
- Individuals$73.0M30%
- Individual clients
- 371reported
- HNW clients
- 85reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 733reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Edward Brett Lewis | Franklin, Tn | Sep 3, 2024 | 34 y | 3 |
| Charles David Crouch | Franklin, Tn | Oct 1, 2024 | 35 y | 2 |
| Ethan Pierce Pflug | Franklin, Tn | Jul 9, 2025 | 11 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount1 left over 36 months
Left, latest
- Jacob Randall Hester to Keating Financial Advisory ServicesNov 10, 2025 · Other
Joined, latest
- Charles David Crouch from Raymond James Financial Services Advisors, IncOct 1, 2024 · Affiliated broker-dealer or bank to a newly registered adviser
- Edward Brett Lewis from Eudaimonia Partners, LLCSep 3, 2024 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Charles Crouch · Managing Member And Chief Compliance Officercontrolsince 05/2024 · owns 50% to 75%
- Brett Edward Lewis · Membercontrolsince 05/2024 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Franklin, Tn · principal | 3 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Franklin, TN1 employees
What changed
consecutive filings, newest first
- Accounts · 649 to 733Nov 10, 2025 to Feb 20, 2026
- HNW clients · 63 to 85Nov 10, 2025 to Feb 20, 2026
- Individual clients · 327 to 371Nov 10, 2025 to Feb 20, 2026
- Employees · 6 to 7Nov 10, 2025 to Feb 20, 2026
- Discretionary RAUM · $178M to $213MNov 10, 2025 to Feb 20, 2026
- HNW RAUM · $113M to $174MNov 10, 2025 to Feb 20, 2026
- Individual RAUM · $81.7M to $73.0MNov 10, 2025 to Feb 20, 2026
- Non-discretionary RAUM · $17.1M to $34.3MNov 10, 2025 to Feb 20, 2026
- RAUM · $195M to $247MNov 10, 2025 to Feb 20, 2026
- Advisory employees · 4 to 3Jul 14, 2025 to Nov 10, 2025
- Employees · 7 to 6Jul 14, 2025 to Nov 10, 2025
- Financial planning clients · 0 to 0Jul 14, 2025 to Nov 10, 2025
- State-registered IARs · 4 to 3Jul 14, 2025 to Nov 10, 2025
- Advisory employees · 2 to 4May 6, 2025 to Jul 14, 2025
- Employees · 6 to 7May 6, 2025 to Jul 14, 2025
- State-registered IARs · 2 to 4May 6, 2025 to Jul 14, 2025
- Accounts · 759 to 649Nov 19, 2024 to Feb 6, 2025
- Advisory employees · 3 to 2Nov 19, 2024 to Feb 6, 2025
- HNW clients · 84 to 63Nov 19, 2024 to Feb 6, 2025
- Individual clients · 236 to 327Nov 19, 2024 to Feb 6, 2025
- State-registered IARs · 3 to 2Nov 19, 2024 to Feb 6, 2025
- Discretionary RAUM · $172M to $178MNov 19, 2024 to Feb 6, 2025
- HNW RAUM · $115M to $113MNov 19, 2024 to Feb 6, 2025
- Individual RAUM · $75.0M to $81.7MNov 19, 2024 to Feb 6, 2025
- Non-discretionary RAUM · $18.0M to $17.1MNov 19, 2024 to Feb 6, 2025
- RAUM · $190M to $195MNov 19, 2024 to Feb 6, 2025
- Accounts · 0 to 759Sep 6, 2024 to Nov 19, 2024
- HNW clients · unset to 84.0Sep 6, 2024 to Nov 19, 2024
- Individual clients · unset to 236.0Sep 6, 2024 to Nov 19, 2024
- Discretionary RAUM · $0 to $172MSep 6, 2024 to Nov 19, 2024
- HNW RAUM · unset to 115000000.0Sep 6, 2024 to Nov 19, 2024
- Individual RAUM · unset to 75000000.0Sep 6, 2024 to Nov 19, 2024
- Non-discretionary RAUM · $0 to $18.0MSep 6, 2024 to Nov 19, 2024
- RAUM · $0 to $190MSep 6, 2024 to Nov 19, 2024
- Advisory activities · 2 to 3Jul 17, 2024 to Aug 14, 2024
- Wrap assets (manager) · unset to 0.0Jul 17, 2024 to Aug 14, 2024
- Wrap assets (sponsor) · unset to 0.0Jul 17, 2024 to Aug 14, 2024
- Business name · ASPEN GROVE ASSET MANAGEMENT to AGP FRANKLIN, LLCMay 17, 2024 to Jul 3, 2024
Signals
2 dated events
- Jacob Randall Hester left Agp Franklin, Llc for Keating Financial Advisory Services (registered 2026-01-23)Nov 10, 2025 · Advisor changed firm · fact
- Aspen Grove Asset Management filed its initial SEC registration (Form ADV)May 17, 2024 · 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
- ann-marie.jernigan@aspengroveassetmanagement.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 615-778-9842reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- aspengroveassetmanagement.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 615-778-9842reportedpublic record, Form ADV, Apr 7, 2026
- Contact form
- aspengroveassetmanagement.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- aspengroveassetmanagement.com/team-3reportedpublished 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
- $82.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026