{
  "crd_number": 158166,
  "slug": "aspen-grove-capital-llc-avon-co-158166",
  "primary_business_name": "ASPEN GROVE CAPITAL, LLC",
  "legal_name": "ASPEN GROVE CAPITAL, LLC",
  "dbas": [],
  "city": "Avon",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "20780",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-05-31",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-09-14",
  "carried_forward": false,
  "raum_total": 6669946419.0,
  "raum_discretionary": 5540042307.0,
  "raum_non_discretionary": 1129904112.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 22,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 6646508962.0,
      "count": 40
    },
    "pooled_investment_vehicles": {
      "raum": 23437457.0,
      "count": 2
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "NY"
  ],
  "websites": [
    "https://aspengrovellc.com",
    "https://linkedin.com/company/aspen-grove-capital-llc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158166",
  "city_as_filed": "AVON",
  "url": "https://advisorcensus.com/firm/aspen-grove-capital-llc-avon-co-158166",
  "display_name": "Aspen Grove Capital, LLC",
  "summary": "Aspen Grove Capital, LLC is an SEC-registered investment advisory firm in Avon, CO, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 14, 2026.",
  "citation": "AdvisorCensus. Aspen Grove Capital, LLC (CRD 158166): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Aspen Grove Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Aspen Grove Capital, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Aspen Grove Capital, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.6% to 0.9% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Aspen Grove Capital, LLC located?",
      "a": "Aspen Grove Capital, LLC's principal office is in Avon, CO, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Aspen Grove Capital, LLC registered with the SEC or a state?",
      "a": "Aspen Grove Capital, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 158166."
    },
    {
      "q": "How much does Aspen Grove Capital, LLC manage?",
      "a": "Aspen Grove Capital, LLC reports $6,669,946,419 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (83% discretionary)."
    },
    {
      "q": "How have Aspen Grove Capital, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Aspen Grove Capital, LLC: Regulatory assets under management: $3,728,367,831 in the October 2021 data and $6,669,946,419 in the October 2026 data, up 79%. Total employees: 9 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Aspen Grove Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (40); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Which custodians does Aspen Grove Capital, LLC use?",
      "a": "Aspen Grove Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC and Morgan Stanley as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Aspen Grove Capital, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158166"
    },
    {
      "q": "What changed in Aspen Grove Capital, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Added an office in Denver, CO. No longer lists an office in Englewood, CO. Registered or notice-filed in NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3728367831.0,
      "total_employees": 9,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4965668555.0,
      "total_employees": 13,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 4582228877.0,
      "total_employees": 14,
      "filing_date": "2023-08-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 5239515491.0,
      "total_employees": 20,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 5801564475.0,
      "total_employees": 21,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 6669946419.0,
      "total_employees": 22,
      "filing_date": "2026-09-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Added an office in Denver, CO.",
        "No longer lists an office in Englewood, CO.",
        "Registered or notice-filed in NY."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 12.",
        "Regulatory assets under management went from $5,801,564,475 to $6,669,946,419 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.6% to 0.9% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.6% to 0.9% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "These Management Fees range from .60%-.90% of assets under management and are payable quarterly in advance."
        ]
      }
    ],
    "quotes": [
      "These Management Fees range from .60%-.90% of assets under management and are payable quarterly in advance."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "J.P. Morgan Securities LLC",
      "name_as_filed": "J.P. MORGAN SECURITIES LLC",
      "affiliated": false
    },
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/aspen-grove-capital-llc-avon-co-158166.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 40,
      "fewer_than_5": false,
      "raum": 6646508962.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 23437457.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158166",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}