# Aspen Financial Management, Inc.

> Aspen Financial Management, Inc. is a state-registered investment advisory firm, registered since 2012, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 18, 2026.

- CRD: 116149
- Filed as: ASPEN FINANCIAL MANAGEMENT, INC.
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/116149
- AdvisorCensus page: https://advisorcensus.com/firm/aspen-financial-management-inc-116149

## Quick answers

**How is Aspen Financial Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Aspen Financial Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Aspen Financial Management, Inc. registered with the SEC or a state?**
Aspen Financial Management, Inc. is a state-registered investment advisory firm, registered since 2012. Status as filed: APPROVED. CRD 116149.

**How much does Aspen Financial Management, Inc. manage?**
Aspen Financial Management, Inc. reports $19,408,215 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (92% discretionary).

**What types of clients does Aspen Financial Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (91).

**Does Aspen Financial Management, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/116149

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Regulatory assets under management (Item 5.F)
- Total: $19,408,215
- Discretionary: $17,936,050
- Non-discretionary: $1,472,165

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 91 | $13,473,047 |
| High net worth individuals | Fewer than 5 | $5,412,168 |
| Charitable organizations | Fewer than 5 | $523,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2012 (14 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NM, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- ashilinsurance.com
- aspenfm.com

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aspen Financial Management, Inc. (CRD 116149): Form ADV filing data as of October 2026.