The asset management industry in Colorado features firms tasked with overseeing investments for clients ranging from locals to institutions. This sector houses a mix of private equity firms, family-owned businesses, and registered investment advisors that offer various services, including investment management, financial planning, and alternative solutions. As the demand for tailored investment strategies increases, these companies prioritize transparency and risk management. Innovations like responsible investment practices and technology integration are redefining the industry’s approach, reflecting complexities in client expectations and market conditions. With its favorable regulatory environment, Colorado continues to attract robust talent and engage emerging financial trends.

The companies highlighted in this list vary in size and specialization, predominantly based in Denver and Greenwood, Colorado. Since their establishment between 1973 and 2024, these asset management firms range from 11 to 500 employees. They address unique facets of asset management, targeting both individual and institutional investors. Notable companies include Great-West Investments and Public Trust Advisors, which have made significant contributions in areas like local government investment and retirement planning, underscoring the state's financial services strength.

Continue reading for insights into top asset management companies in Colorado.

Top 22 Asset Management Companies in Colorado

1. Public Trust Advisors, LLC

• Website: publictrustadvisors.com
• Ownership type: Private Equity
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: January 2024
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: publictrust

Public Trust Advisors, LLC, founded in 2011 and based in Denver, Colorado, is an investment advisory firm dedicated to serving the investment needs of local governments across the United States. With a team of seasoned professionals, the firm specializes in Local Government Investment Pool Services and Separately Managed Account Services. Their mission is to help public sector clients enhance their investment income while effectively managing public funds. Public Trust Advisors operates with a strong emphasis on providing high-quality, cost-effective solutions tailored to the unique requirements of their clients. They have established a significant presence in the public sector, managing over $91.92 billion in assets, with a substantial portion allocated to local government investment pools. Their approach prioritizes safety, liquidity, and yield, ensuring that public funds are safeguarded while maximizing returns for communities. The firm is also compliant with Global Investment Performance Standards (GIPS), reflecting their commitment to transparency and performance measurement in investment management.

2. Great-West Investments

• Website: greatwestinvestments.com
• Ownership type: Private
• Headquarters: Greenwood, Colorado, United States (USA)
• Employee distribution: United States (USA) 70%, India 26%, Canada 3%
• Founded year: 1907
• Headcount: 51-200
• LinkedIn: great-west-financial

Great-West Investments, also known as Empower, is a private investment management firm based in Greenwood, Colorado. Founded in 1907, the company specializes in financial services, particularly in mutual funds, retirement planning, and capital preservation products. With a workforce of around 870 employees, they serve individual investors, businesses, and financial professionals, offering customized solutions aimed at achieving financial freedom. Great-West Investments is recognized for its strong emphasis on a culture of empowerment and flexibility, which is reflected in their operational practices. They are a prominent provider of stable value products, managing over $100 billion in stable value assets, and have a significant presence in the defined contribution industry. Their investment strategies include both active and passive management, and they collaborate with over 20 premier asset managers to enhance their offerings. This multi-firm investment management approach allows them to provide a broad spectrum of investment options to their clients.

3. ICON Advisers, Inc.

• Website: iconadvisers.com
• Ownership type: Family Owned
• Headquarters: Greenwood, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1986
• Headcount: 11-50
• LinkedIn: icon-advisers

ICON Advisers, Inc., founded in 1986 and based in Greenwood, Colorado, is a family-owned investment management firm. The company specializes in providing a range of investment products, including mutual funds and tactical allocation portfolios. They serve individual investors, institutional clients, and investment professionals, focusing on disciplined investment strategies designed to help clients achieve their financial objectives. ICON employs a proprietary valuation model that underpins its investment process, emphasizing a systematic and analytical approach to investing. The firm has developed a reputation for its tactical allocation strategies and sector rotation systems, which are designed to navigate changing market conditions. With a dedicated team and a commitment to client service, ICON Advisers continues to play a significant role in the investment management industry.

4. Advisors Asset Management, Inc.

• Website: aamlive.com
• Ownership type: Private Equity
• Headquarters: Monument, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $214.0M, September 2022
• Founded year: 1979
• Headcount: 201-500
• LinkedIn: advisors-asset-management-inc-

Advisors Asset Management, Inc. (AAM) is an investment management firm based in Monument, Colorado, with a history dating back to 1979. The company specializes in providing a comprehensive range of financial services designed to meet the needs of high net worth individuals and institutional clients. Their offerings include alternative investments, exchange-traded funds (ETFs), fixed income products, managed accounts, mutual funds, structured products, and unit trusts. AAM prides itself on delivering customized financial solutions that help clients achieve their investment goals. The firm is also a registered investment advisor with the SEC and a member of FINRA and SIPC, ensuring compliance with industry regulations. In September 2022, AAM secured $214 million in funding, indicating a strong position in the market and a commitment to expanding their services and capabilities.

5. Smith Capital Investors, LLC

• Website: smithcapitalinvestors.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: smith-capital-investors

Smith Capital Investors, LLC is an investment management firm based in Denver, Colorado, founded in 2018. The firm specializes in providing investment management and advisory services tailored to the needs of individual investors, financial advisors, and institutional clients. With a strong emphasis on integrity and accountability, Smith Capital aims to help clients achieve their financial goals through customized investment solutions. The firm prides itself on its experienced team, which includes professionals with extensive backgrounds in the financial services industry, notably from Janus Capital Management. This experience informs their investment strategies and client interactions. Smith Capital Investors is committed to fostering a culture that prioritizes relationships and client service, making it a noteworthy player in the asset management space.

6. Wall Street On Demand

• Website: wallst.com
• Ownership type: Corporate
• Headquarters: Boulder, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2010
• Founded year: 2003
• Headcount: 201-500
• LinkedIn: wall-street-on-demand

Wall Street On Demand, based in Boulder, Colorado, is a corporate entity that operates as part of Charles Schwab & Co., Inc. Founded in 2003, the company specializes in investment management services, particularly focusing on exchange-traded funds (ETFs). It serves a clientele that includes both individual and institutional investors, providing them with various investment options and asset management solutions aimed at helping them achieve their financial objectives. The firm has a workforce of approximately 201-500 employees, all located in the United States. Notably, Wall Street On Demand has not reported any recent funding, indicating a stable operational model within the investment management industry.

7. Cambiar Investors

• Website: cambiar.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1973
• Headcount: 11-50
• LinkedIn: cambiar-investors

Cambiar Investors, based in Denver, Colorado, is an investment management firm founded in 1973. The company specializes in value investing strategies, aiming to identify and capitalize on undervalued opportunities in the market. Cambiar offers a variety of investment products, including exchange-traded funds (ETFs) and mutual funds, designed for both individual and institutional investors. Their investment approach is characterized by a focus on quality, price, and discipline, which they refer to as the QPD approach. This methodology allows Cambiar to navigate the complexities of the market effectively, seeking long-term capital appreciation for their clients. The firm has a dedicated team of professionals who are committed to maintaining a disciplined investment process, ensuring that they remain relevant in the competitive asset management industry.

8. MG Stover LLC

• Website: mgstover.com
• Ownership type: Corporate
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 96%, Canada 4%
• Latest funding: April 2022
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: mg-stover-llc

MG Stover LLC, founded in 2007 and based in Denver, Colorado, is a fund administration firm that specializes in providing tailored services to hedge funds, private equity, venture capital, and digital asset funds. With a team composed of former auditors and fund operators, MG Stover focuses on delivering comprehensive solutions that include fund accounting, investor services, and compliance support. They manage approximately $27 billion in assets and operate in 18 countries, showcasing their global reach. The firm prides itself on its personalized approach, ensuring that each client receives a boutique experience while benefiting from institutional-grade service. Their expertise in digital assets is particularly significant, as they have been at the forefront of fund administration in this area, helping clients navigate the complexities of cryptocurrency investments. MG Stover's commitment to accountability and continuous improvement underpins their operations, making them a noteworthy player in the asset management sector.

9. Black Creek Group

• Website: blackcreekgroup.com
• Ownership type: Private Equity
• Headquarters: Denver, Colorado, United States (USA)
• Latest funding: May 2021
• Founded year: 1993
• Headcount: 201-500
• LinkedIn: black-creek-group

Black Creek Group, also known as Ares Wealth Management Solutions, is a private equity firm based in Denver, Colorado. Founded in 1993, the company specializes in private markets investing, offering a range of investment solutions that include private equity and credit funds. Their primary clientele consists of financial advisors and private wealth managers, for whom they provide educational resources and customized strategies aimed at enhancing investment portfolios. With a dedicated team of professionals, Black Creek Group leverages nearly three decades of industry experience to deliver investment solutions that cater to the needs of individual investors. Their approach emphasizes accessibility to private markets, making it easier for advisors to incorporate these investments into their practices. The firm has not reported any recent funding, indicating a stable operational model focused on its existing investment strategies.

10. Unicom Capital

• Website: unicomcapital.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1996
• Headcount: 11-50
• LinkedIn: unicom-capital

Unicom Capital LLC is an investment firm based in Denver, Colorado, with an additional office in New York. Founded in 1996, the firm specializes in the global equities market, seeking unique investment opportunities across various industries. Unicom Capital focuses on high-quality companies that exhibit strong management capabilities and significant appreciation potential. The firm employs a rigorous research process to identify underappreciated earnings potential, utilizing state-of-the-art trading platforms to implement their investment strategies. With a dedicated team of professionals, Unicom Capital manages portfolios for both individual and institutional investors, emphasizing a thorough and analytical approach to asset management.

11. Northwood Investors LLC

• Website: northwoodinvestors.com
• Ownership type: Corporate
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 66%, United Kingdom (UK) 26%, Luxembourg 6%, Other 1%
• Latest funding: February 2021
• Founded year: 2006
• Headcount: 201-500
• LinkedIn: northwood-investors-llc

Northwood Investors LLC, founded in 2006 by John Z. Kukral, is a privately-owned real estate investment firm based in Denver, Colorado. The company specializes in asset management and property management services, focusing on high-quality real estate assets across multiple sectors, including office, hospitality, retail, multifamily, and urban logistics. Northwood operates with a fundamental, value-driven investment strategy, aiming to achieve attractive risk-adjusted returns while preserving capital. The firm manages approximately $15 billion in total gross value, which includes a substantial portfolio of properties across the United States and Europe. Northwood's in-house management platforms allow for effective oversight of its assets, ensuring that they can unlock value through strategic repositioning and operational improvements. With a team of over 260 professionals, Northwood Investors is well-equipped to navigate the complexities of the real estate market and deliver results for its institutional and private clients.

12. Versus Capital Advisors

• Website: versuscapital.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: March 2019
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: versuscapital

Versus Capital Advisors LLC, based in Denver, Colorado, is an investment management firm founded in 2010. The company specializes in real assets, offering investment funds that focus on real estate, infrastructure, and farmland. Their primary clientele includes institutional investors and fiduciary advisers who are looking for ways to diversify their portfolios and achieve stable income. Versus Capital Advisors designs and manages unique investment strategies that aim to provide low volatility returns and a positive correlation to inflation. They are registered with the U.S. Securities and Exchange Commission as an investment advisor, which underscores their compliance and regulatory adherence in the financial industry. The firm has not reported any recent funding, indicating a self-sustaining operational model since its inception.

13. Shelton Capital Management

• Website: sheltoncap.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1985
• Headcount: 11-50
• LinkedIn: shelton-capital-management

Shelton Capital Management, based in Denver, Colorado, is a private investment management firm that has been operational since 1985. The firm specializes in a range of investment strategies, including fixed income, options, international equity, and sustainable solutions. With a team of experienced professionals, Shelton Capital serves individual investors, retirement plans, and financial advisors, providing customized investment management and advisory services. As of June 30, 2024, they manage over $5.3 billion in assets through mutual funds and separately managed accounts. The firm emphasizes a commitment to high-quality asset management and ethical business practices, aiming to help clients achieve their financial goals. Their recognition as a Best Place to Work in Money Management for four consecutive years highlights their dedication to fostering a positive workplace culture, which can enhance client relationships and service delivery.

14. Johnson Financial Group, LLC

• Website: jfgwealth.net
• Ownership type: Family Owned
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 11-50
• LinkedIn: jfgllc

Johnson Financial Group, LLC, based in Denver, Colorado, is a family-owned wealth management firm founded in 2002. Initially established as a private investment company for the founding family, it has evolved to provide comprehensive financial services to affluent families and ultra-high-net-worth individuals. The firm offers a range of services, including investment management, financial planning, and private capital management. With over 40 years of experience as a single family office, JFG understands the complexities and responsibilities that come with wealth. They prioritize transparency, lower fees, and minimizing conflicts of interest, which are essential in the asset management industry. Their clients benefit from a collaborative approach that leverages the collective wisdom and experiences of multiple families, enhancing the overall investment experience. JFG also emphasizes impact investing, aligning investment strategies with clients' values, which is increasingly relevant in today's market.

15. Mercer Advisors

• Website: merceradvisors.com
• Ownership type: Private Equity
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2023
• Founded year: 1985
• Headcount: 501-1000
• LinkedIn: mercer-advisors

Mercer Advisors, founded in 1985 and based in Denver, Colorado, is a financial advisory firm that specializes in wealth management and integrated financial planning services. The company operates with a team of over 300 advisors and manages approximately $64 billion in client assets. Mercer Advisors provides a range of solutions tailored to individuals and families, including investment management, tax planning, estate planning, and insurance services. Their unique approach involves a unified in-house team of planners, investors, accountants, and estate specialists who collaborate to design and execute comprehensive financial plans. This model aims to simplify the financial lives of clients and help them achieve their financial goals. Mercer Advisors has also been recognized for its service quality and growth, being named the #1 advisory firm by Barron’s in 2024, which underscores its relevance and standing in the asset management industry.

16. Gill Capital Partners

• Website: gillinvest.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1983
• Headcount: 11-50
• LinkedIn: gill-capital-partners

Gill Capital Partners, based in Denver, Colorado, is a private wealth management firm founded in 1983. With a team of 15 employees, the firm specializes in providing customized financial solutions to individual investors, businesses, and public entities. Their service offerings include investment management, tax planning, retirement planning, and estate planning. The firm prides itself on a transparent, team-based approach that fosters strong client relationships and aims to deliver exceptional service. Over the years, Gill Capital Partners has built a reputation for its commitment to client satisfaction and has been actively involved in the financial community, providing educational events and resources to help clients navigate their financial journeys. They have a strong focus on Colorado clients, particularly in their institutional services, which cater to municipalities and public entities. The firm has not reported any recent funding, indicating stability and self-sufficiency in its operations.

17. AMG National Trust

• Website: amgnational.com
• Ownership type: Private
• Headquarters: Greenwood, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1975
• Headcount: 51-200
• LinkedIn: amg-national-trust-bank

AMG National Trust, founded in 1975 and based in Greenwood, Colorado, is a private financial services firm that specializes in wealth management, investment management, and banking solutions. With a dedicated team of approximately 126 employees, AMG National Trust focuses on providing personalized financial strategies to executives, business owners, high net worth individuals, and institutions. Their services include personal financial management, legacy planning, philanthropy, tax services, trust administration, and executive financial counseling. AMG also offers investment management services, including managed portfolios and alternative investments, catering to the unique needs of their clients. The firm has been recognized for its performance, being named a top-performing bank by Independent Banker Magazine. AMG National Trust's commitment to community involvement further enhances its profile in the financial services industry, as they actively support various nonprofit organizations and initiatives.

18. Proprietary Capital

• Website: prop-cap.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1997
• Headcount: 11-50
• LinkedIn: proprietary-capital

Proprietary Capital, based in Denver, Colorado, is an investment management firm established in 1997. The company specializes in managing investment portfolios and providing tailored investment advice to sophisticated investors, including businesses and organizations. With a dedicated team of around 30 employees, Proprietary Capital focuses on delivering professional financial guidance that meets the unique needs of its clients. The firm operates under a private ownership model and has maintained its relevance in the asset management industry for over two decades, emphasizing confidentiality and a commitment to serving its clients' investment needs.

19. IFAM Capital

• Website: ifamcapital.com
• Ownership type: Private
• Headquarters: Fort Collins, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: ifm-capital-advisors

IFAM Capital, based in Fort Collins, Colorado, is an investment advisory firm founded in 2014. The company specializes in providing personalized financial services tailored to the unique needs of individuals, families, institutions, and business owners. Their service offerings include comprehensive financial planning, asset management, and retirement strategies aimed at helping clients achieve their financial goals and effectively manage their wealth. IFAM Capital prides itself on its real-world experience, which informs their approach to investment advice and wealth management. Recently, they became a division of Kovitz Investment Group Partners, LLC, a registered investment adviser with the SEC, which further solidifies their position in the financial services industry. The firm operates with a focus on understanding the specific circumstances and aspirations of their clients, ensuring that their financial strategies are aligned with their clients' life goals.

20. Aveo Capital Partners, LLC

• Website: aveocapital.com
• Ownership type: Private
• Headquarters: Englewood, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: aveo-capital

Aveo Capital Partners, LLC, founded in 2011 and based in Englewood, Colorado, is a private wealth management firm dedicated to providing integrative financial advisory services to individuals, families, and organizations. The firm emphasizes personalized financial planning, risk management, and investment strategies tailored to help clients achieve their financial objectives. Aveo operates with a strong commitment to transparency and values the long-term relationships it builds with clients. The firm employs a team-based approach to wealth management, ensuring that clients receive comprehensive advice and support. Aveo serves a variety of clients, including individuals, families, non-profit organizations, and businesses across the United States. Their services include portfolio management, innovative technology solutions for wealth planning, and strategic resources for estate and legacy planning. As a registered investment advisor, Aveo Capital Partners is focused on delivering a holistic approach to wealth management, ensuring that clients' financial lives are organized and aligned with their goals.

21. Obermeyer Wood Investment Counsel, LLLP

• Website: obermeyerwood.com
• Ownership type: Family Owned
• Headquarters: Aspen, Colorado, United States (USA)
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: obermeyer-wood-investment-counsel-lllp

Obermeyer Wood Investment Counsel, LLLP is an investment management firm based in Aspen, Colorado, with additional offices in Denver. Founded in 2014, the firm has roots that trace back to 1982, when it began as Wood Investment Counsel. The company specializes in providing tailored financial planning and investment management services to individuals, families, and nonprofits. With a focus on long-term investment strategies, Obermeyer Wood emphasizes a fiduciary approach, ensuring that clients' interests are at the forefront of their operations. The firm manages approximately $2 billion in assets and serves clients across more than 40 states. Their team includes experienced professionals, including Chartered Financial Analysts and Certified Financial Planners, who work collaboratively to develop customized financial solutions. Obermeyer Wood has received numerous accolades, including recognition as one of America’s Top RIA Firms and Best-in-State Wealth Advisors, reflecting their commitment to excellence in asset management and client service.

22. Swan Global Investments

• Website: swanglobalinvestments.com
• Ownership type: Venture Capital
• Headquarters: Durango, Colorado, United States (USA)
• Latest funding: $23.0M, March 2015
• Founded year: 1997
• Headcount: 11-50
• LinkedIn: swan-global-investments

Swan Global Investments, based in Durango, Colorado, is an investment management firm that specializes in capital preservation and risk management strategies. Established in 1997, the company has developed a reputation for its innovative Defined Risk Strategy, which aims to protect client capital while pursuing growth opportunities. Swan offers a range of investment products, including hedged equity ETFs and options-based strategies, catering primarily to institutional investors and ultra-high-net-worth individuals. The firm emphasizes the importance of risk management, providing clients with tools to navigate market fluctuations effectively. With a dedicated team of professionals, Swan Global Investments continues to contribute to the asset management industry by focusing on strategies that prioritize capital preservation and consistent performance.

Asset Management Insights: Key Companies in Colorado

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