\n Darin Snow, managing partner of Denver Private Wealth Management.\n <\/p>\n
\n The New York-based aggregator adds a $550 million boutique firm as it steadily builds out its national affiliate network.\n <\/p>\n
Aspen Standard Wealth, a New York-based aggregator of independent registered investment advisors, has taken another step forward in its slow-and-steady expansion strategy.<\/p>\n
Aspen announced\u00a0Tuesday that it has acquired Denver Private Wealth Management, a boutique firm managing roughly $550 million in client assets.<\/p>\n
The deal marks Aspen’s ninth transaction since it began its acquisition strategy in late 2024, and its first affiliate firm in Colorado. Denver PWM, founded in 2014, works with families, business owners and executives on investment management, retirement planning, tax-efficient strategies and legacy planning.<\/p>\n
“By joining the Aspen platform, we will be able to further expand the robust suite of services available to our clients and extend our legacy for decades to come,” said Darin Snow, managing partner of Denver PWM.<\/p>\n
Aspen chief executive Aly Kassim-Lakha welcomed the addition, saying the firm looked forward to giving Denver PWM’s team the resources to keep delivering for clients “for many, many years to come.”<\/p>\n
FP Transitions advised Denver PWM on the transaction.<\/p>\n
Aspen has built its platform on what it describes as long-term alignment rather than a buy-to-sell model \u2013 acquired firms retain their names and leadership while tapping into Aspen’s capital, technology and back-office support. That structure was on display just last month, when Aspen added roughly $1.3 billion in assets through its acquisition of Kalamazoo, Michigan-based CWS Financial Advisors<\/a>,<\/p>\n Earlier this year came Aspen’s March acquisition of BlueSky Wealth Advisors, a roughly $1 billion New Bern, North Carolina firm. In February, Aspen announced that it had welcomed Kevin DiSano \u2013 previously chief growth officer at Beacon Pointe Advisors \u2013 as Aspen’s president overseeing organic growth.<\/p>\n Aspen’s dealmaking debut came in November 2024 with its acquisition of Summitry, a San Francisco Bay Area practice<\/a> that oversaw $2.8 billion in regulatory assets at the time.<\/p>\n