# Aspen Investment Management Inc.

> Aspen Investment Management Inc. is an SEC-registered investment advisory firm in Grand Rapids, MI, registered since 2000, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 5, 2026.

- CRD: 112081
- Filed as: ASPEN INVESTMENT MANAGEMENT INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Grand Rapids, MI
- Filing period: October 2026
- Form ADV filing dated: March 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/112081
- AdvisorCensus page: https://advisorcensus.com/firm/aspen-investment-management-inc-grand-rapids-mi-112081

## Quick answers

**How is Aspen Investment Management Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Aspen Investment Management Inc. reports these compensation arrangements: a percentage of assets under its management.

**How much does Aspen Investment Management Inc. charge?**
Its Form ADV Part 2A brochure dated March 5, 2026 states: Up to $2,000,000: 1% a year; $2,000,001 to $4,999,999: 0.8% a year; Above $5,000,000: 0.6% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Aspen Investment Management Inc. located?**
Aspen Investment Management Inc.'s principal office is in Grand Rapids, MI, according to its Form ADV.

**Is Aspen Investment Management Inc. registered with the SEC or a state?**
Aspen Investment Management Inc. is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 112081.

**How much does Aspen Investment Management Inc. manage?**
Aspen Investment Management Inc. reports $452,463,427 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (99% discretionary).

**How have Aspen Investment Management Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Aspen Investment Management Inc.: Regulatory assets under management: $225,882,068 in the October 2021 data and $452,463,427 in the October 2026 data, up 100%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Aspen Investment Management Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (201); high net worth individuals (55).

**Which custodians does Aspen Investment Management Inc. use?**
Aspen Investment Management Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Aspen Investment 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 SEC record: https://adviserinfo.sec.gov/firm/summary/112081

**Does Aspen Investment Management Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 5, 2026 says: "A minimum of $250,000 in cash and/or securities is generally required to open an account. We may waive this requirement if, for example, you have additional or related accounts that together exceed the minimum requirements or as stated in “ITEM 5: FEES AND COMPENSATION”"

**What changed in Aspen Investment Management Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $285,662,327 to $452,463,427 (+58%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 5, 2026)

- Up to $2,000,000: 1% a year
- $2,000,001 to $4,999,999: 0.8% a year
- Above $5,000,000: 0.6% a year

> Although our fees for our services may be negotiated under certain circumstances, our standard fee schedule is as follows: Assets Annual Fee Up to $2,000,000 1.00% $2,000,001 to $4,999,999 0.80% Over $5,000,000 0.60%

> Although we have established the above fee schedule, we retain the discretion to negotiate alternative fees on a client-by-client basis.

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> A minimum of $250,000 in cash and/or securities is generally required to open an account. We may waive this requirement if, for example, you have additional or related accounts that together exceed the minimum requirements or as stated in “ITEM 5: FEES AND COMPENSATION”

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $452,463,427
- Discretionary: $448,539,656
- Non-discretionary: $3,923,771

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 201 | $146,920,562 |
| High net worth individuals | 55 | $301,620,009 |
| Charitable organizations | Fewer than 5 | $3,038,162 |
| Corporations or other businesses not listed above | Fewer than 5 | $884,694 |

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

### Firm details
- Registered since: 2000 (25 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, LA, MI, NH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [aspenim.com](https://aspenim.com)
- LinkedIn @53693057

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $225,882,068 | 4 | March 5, 2021 |
| October 2022 | $264,207,628 | 4 | July 12, 2022 |
| October 2023 | $247,716,089 | 4 | October 3, 2023 |
| October 2024 | $257,081,775 | 4 | August 21, 2024 |
| October 2025 | $285,662,327 | 4 | February 6, 2025 |
| October 2026 | $452,463,427 | 5 | March 5, 2026 |

Regulatory assets under management: $225,882,068 in the October 2021 data and $452,463,427 in the October 2026 data, up 100%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $285,662,327 to $452,463,427 (+58%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aspen Investment Management Inc. (CRD 112081): Form ADV filing data as of October 2026.