# Aspen Wealth Management, LLC

> Aspen Wealth Management, LLC is an SEC-registered investment advisory firm in Fort Worth, TX, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 13, 2026.

- CRD: 159594
- Filed as: ASPEN WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fort Worth, TX
- Filing period: October 2026
- Form ADV filing dated: April 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159594
- AdvisorCensus page: https://advisorcensus.com/firm/aspen-wealth-management-llc-fort-worth-tx-159594

## Quick answers

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

**Where is Aspen Wealth Management, LLC located?**
Aspen Wealth Management, LLC's principal office is in Fort Worth, TX, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Aspen Wealth Management, LLC registered with the SEC or a state?**
Aspen Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 159594.

**How much does Aspen Wealth Management, LLC manage?**
Aspen Wealth Management, LLC reports $657,825,724 in regulatory assets under management in its Form ADV filing dated April 13, 2026 (100% discretionary).

**How have Aspen Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Aspen Wealth Management, LLC: Regulatory assets under management: $186,305,048 in the October 2021 data and $657,825,724 in the October 2026 data, up 253%. Total employees: 5 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Aspen Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (188); individuals (other than high net worth individuals) (158); corporations or other businesses not listed above (7).

**Which custodians does Aspen Wealth Management, LLC use?**
Aspen Wealth Management, LLC'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 Wealth Management, LLC 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/159594

**Does Aspen Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 12, 2026 says: "AWM does not require a minimum account size in order to obtain our advisory services."

**What changed in Aspen Wealth Management, LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $509,577,516 to $657,825,724 (+29%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated February 12, 2026)

- Account minimum: None

> AWM does not require a minimum account size in order to obtain our advisory services.

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: $657,825,724
- Discretionary: $654,884,188
- Non-discretionary: $2,941,536

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 158 | $82,001,733 |
| High net worth individuals | 188 | $568,556,252 |
| Corporations or other businesses not listed above | 7 | $7,267,739 |

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

### Firm details
- Registered since: 2018 (7 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CO, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Southlake, TX

### Websites listed on Form ADV (Item 1.I)
- aspenwealthmgmt.com
- Facebook @ASPENWEALTHMGMT
- Instagram @ASPENWEALTH
- LinkedIn @ASPENWEALTHMANAGEMENT
- X @ASPENWEALTHMGMT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $186,305,048 | 5 | June 17, 2021 |
| October 2022 | $292,212,943 | 8 | July 18, 2022 |
| October 2023 | $290,631,683 | 8 | May 22, 2023 |
| October 2024 | $368,373,809 | 9 | September 29, 2024 |
| October 2025 | $509,577,516 | 9 | July 24, 2025 |
| October 2026 | $657,825,724 | 9 | April 13, 2026 |

Regulatory assets under management: $186,305,048 in the October 2021 data and $657,825,724 in the October 2026 data, up 253%.
Total employees: 5 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $509,577,516 to $657,825,724 (+29%).

### December 2025
- Changed its legal name from Helen Stephens Group, LLC to Aspen Wealth Management, LLC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aspen Wealth Management, LLC (CRD 159594): Form ADV filing data as of October 2026.