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Aspen Investment Management Inc.

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Client assets under management

$448,540,571

Clients

256

21% high-net worth

Advisors

5

of 5 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

51

Typical

Average account size

$1,752,112

About

Aspen Investment Management provides discretionary portfolio management to individuals, high‑net‑worth clients, trusts, estates and charitable institutions, and also offers participant account management for defined‑contribution plan participants via a third‑party platform for held‑away assets. The firm manages the majority of client assets on a discretionary basis while retaining the flexibility to manage some accounts non‑discretionarily under written agreements.

The firm combines fundamental and technical analysis and implements strategies that range from current‑income to equity‑focused allocations, using individual securities, mutual funds, ETFs or proprietary models with attention to tax efficiency and transaction costs. Portfolios are periodically rebalanced but the firm explicitly permits tactical deviations (up to 20% of a target weighting) and may adopt more active, concentrated positions at times, which can increase shorter‑term volatility.

Distinctive operational features include a third‑party linking platform to rebalance held‑away participant accounts without taking custody, use of standing letters of instruction for transfers, and support for fractional‑share trading to facilitate smaller rebalances. The firm also discloses an institutional custody relationship with Charles Schwab — including thresholds for Schwab services and paid participation in Schwab’s referral network — arrangements that may affect custody recommendations.

Client services

Portfolio management

Expertise

Active portfolio management Tax-loss harvesting

Fee options

Percentage

$0 - $2,000,000: 1.00% annually $2,000,001 - $4,999,999: 0.80% annually $5,000,000+: 0.60% annually

Other

Account minimum: $250,000 Fee-only: Fees paid quarterly in advance based on account value at end of prior quarter; prorated for partial periods

Main office location

Aspen Investment Management Inc.

4020 E. Beltline Ave Ne, Ste 103

Grand Rapids MI 49525, United States

Number of offices

1

Most active in

California · Florida · Illinois · Louisiana · Michigan · New Hampshire · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

William A

Series 63, Series 65

Grand Rapids, MI

Aspen Investment Management Inc.

William Alphenaar is a financial advisor with Aspen Investment Management Inc. in Grand Rapids, MI, holding Series 63 and Series 65 licenses and bringing 19 years of industry experience. He has been with Aspen Investment Management since 1993. Aspen Investment Management provides discretionary and some non-discretionary portfolio management services to individuals, high-net-worth clients, trusts, estates, and charitable institutions. The firm uses a combination of fundamental and technical analysis, model asset allocations, and tactical adjustments, and offers participant account management through a third-party platform.

Active portfolio management Tax-loss harvesting
user avatar

Miles K

CFP®, Series 65

Grand Rapids, MI

Aspen Investment Management Inc.

Miles Kuperus is a CFP® and holds a Series 65 license with five years of industry experience. He has worked at Aspen Investment Management Inc. since 2020 and previously at Plant Moran for one year. Aspen Investment Management Inc. provides portfolio management services primarily on a discretionary basis to individuals, high-net-worth clients, trusts, estates, and charitable institutions. The firm utilizes a combination of fundamental and technical analysis, model asset allocations, and tactical adjustments to construct portfolios using individual securities, mutual funds, and ETFs.

Active portfolio management Tax-loss harvesting
user avatar

Richard K

Series 65, Series 66

Grand Rapids, MI

Aspen Investment Management Inc.

Richard Knoor is a financial advisor with Aspen Investment Management Inc. in Grand Rapids, MI. He holds the Series 65 and Series 66 designations and has 15 years of industry experience, all with Aspen since 2011. Aspen Investment Management Inc. provides portfolio management services primarily on a discretionary basis to individuals, high-net-worth clients, trusts, estates, and charitable institutions. The firm employs a combination of fundamental and technical analysis and uses model asset allocations with tactical adjustments, managing portfolios that include individual securities, mutual funds, and ETFs.

Active portfolio management Tax-loss harvesting
user avatar

Bradley L

Series 65

Grand Rapids, MI

Aspen Investment Management Inc.

Bradley Laffrey is a financial advisor at Aspen Investment Management Inc. with five years of industry experience. He holds a Series 65 designation and has previously worked at Tamarack Capital Management, Hawthorn Family Wealth, PNC Bank, and Fifth Third Private Bank. Aspen Investment Management Inc. provides portfolio management services to individuals, high-net-worth clients, trusts, estates, and charitable institutions, utilizing fundamental and technical analysis alongside model asset allocations. The firm also manages held-away defined contribution plan participant accounts through a third-party platform and maintains a custodian relationship with Schwab Advisor Services.

Active portfolio management Tax-loss harvesting
user avatar

John H

Series 66

Grand Rapids, MI

Aspen Investment Management Inc.

John Hoogland is a financial advisor at Aspen Investment Management Inc. with 15 years of industry experience. He holds the Series 66 designation and has been with Aspen Investment Management since 2011. Outside of his advisory role, he holds a 10% interest in a self-storage limited partnership. Aspen Investment Management provides portfolio management services primarily on a discretionary basis to individuals, high-net-worth clients, trusts, estates, and charitable institutions. The firm uses a combination of fundamental and technical analysis, model asset allocations, and tactical adjustments to construct portfolios using individual securities, mutual funds, and ETFs.

Active portfolio management Tax-loss harvesting
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