AdvisorCensus / Financial advisors / Colorado / Denver / Boulder Asset Management
Boulder Asset Management
Filed as BOULDER ASSET MANAGEMENT · Legal name Stark Richard Joseph
Boulder Asset Management is an SEC-registered investment advisory firm in Englewood, CO, registered since 1991, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 28, 2025.
Quick answers
From the filingHow is Boulder Asset Management compensated?
On its Form ADV (Item 5.E, October 2026), Boulder Asset Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Boulder Asset Management located?
Boulder Asset Management's principal office is in Englewood, CO, according to its Form ADV.
Is Boulder Asset Management registered with the SEC or a state?
Boulder Asset Management is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 107636.
How much does Boulder Asset Management manage?
Boulder Asset Management reports $426,099,643 in regulatory assets under management in its Form ADV filing dated March 28, 2025 (100% discretionary).
How have Boulder Asset Management's assets and staff changed since 2021?
In the Form ADV data for Boulder Asset Management: Regulatory assets under management: $582,585,034 in the October 2021 data and $426,099,643 in the October 2026 data, down 27%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Boulder Asset Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (66).
Does Boulder Asset Management 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/107636
What changed in Boulder Asset Management's recent Form ADV filings?
In the January 2026 filing data: No longer registered or notice-filed in FL, OK.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AMinimum annual fee: $25,000
The brochure's wording
Fees are calculated at 0.5% of client assets under supervision at the beginning of the period. The current minimum fee is $25,000 per year.
As stated in the firm's Form ADV Part 2A brochure dated March 28, 2025. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$426,099,643 as of October 2026, filing dated March 28, 2025.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- Stark Richard Joseph
- Also doing business as
- STARK ASSET MANAGEMENT
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1991 (35 years)
- Employees
- Total: 4. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $426,099,643 | 4 | March 28, 2025 |
| October 2025 | $426,099,643 | 4 | March 28, 2025 |
| October 2024 | $424,664,108 | 4 | March 26, 2024 |
| October 2023 | $370,235,764 | 4 | March 29, 2023 |
| October 2022 | $486,925,433 | 4 | April 1, 2022 |
| October 2021 | $582,585,034 | 4 | March 3, 2021 |
Regulatory assets under management: $582,585,034 in the October 2021 data and $426,099,643 in the October 2026 data, down 27%.
Total employees: 4 in October 2021 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- January 2026
- No longer registered or notice-filed in FL, OK.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.INot reported.
Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Boulder Asset Management (CRD 107636): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/boulder-asset-management-englewood-co-107636