Ascension Financial
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$87,862,824
Clients
97
Advisors
4
across 2 offices
About
Ascension Financial is a fee-only investment adviser that provides customized portfolio engineering, construction, and ongoing management of exchange-traded securities for individuals, high‑net‑worth clients, retirement plans, trusts, estates, charitable organizations, and corporate entities. The firm manages client accounts on a discretionary basis and works with clients to align portfolios with their medium‑ to long‑term objectives, tax and estate considerations, and risk tolerance.
The firm’s investment approach blends quantitative optimization, fundamental and technical analysis, and the use of institutional mutual funds, ETFs, and individual securities to tailor portfolios; Ascension actively monitors portfolios and recommends realignment or repositioning as market or client circumstances change. Ascension also implements options and other derivative strategies (including covered calls, spreads, long calls/puts, and cash‑secured puts) and, as described in Item 8, may employ margin borrowing when using leverage—practices it uses within managed accounts to implement positioning and hedging.
Noteworthy for a team firm, Ascension discloses explicit use of derivatives and borrowing in client-managed accounts—features that are uncommon among peers and that increase both potential return and risk exposure. The brochure also discloses a history of regulatory examinations and consent orders from the Colorado Division of Securities in 2018 and 2022 and states the firm undertook remediation and adopted revised policies and procedures by 2023.
Client services
Expertise
Fee options
$0 - $3,000,000: 1.15% Above $3,000,000+: 0.8%
Minimum fee: $2,000 minimum annual fee Fee-only: Fee-only investment advisory services; no commissions charged by the firm
Main office
See office215 West Magnolia St., Suite 200
Fort Collins CO 80521
Advisors at this office
2
Offices (2)
Most active in
Colorado · Illinois · Wisconsin
Also doing business as
Ascension Financial · Crestone Investment Management, LLC · Helping Hand Lending, Inc · Rlk Plg Investment Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Paul G
Series 65
Ft. Collins, CO
Ascension Financial
Paul Gronewoller is a financial advisor at Ascension Financial with 23 years of industry experience. He holds a Series 65 designation and has been involved with RLK-PLG Investment Management LLC since 2005. Outside of his advisory work, he serves on the finance committee of the Fort Collins Country Club. Ascension Financial is a small, fee-only advisory firm serving individual and high-net-worth clients, as well as trusts, estates, and qualified retirement plans. The firm actively manages portfolios using a combination of fundamental, quantitative, and technical analysis, incorporating derivatives and margin strategies for hedging, income generation, and position management.
Bernard C
ChFC®, Series 65
Sugar Grove, IL
Ascension Financial
Bernard Czerwinski Jr. is a financial advisor at Ascension Financial with a ChFC® designation and a Series 65 license, bringing three years of industry experience. His career includes roles at RLK-PLG Investment Management, LLC, Forever Companies, and GM Casting House, Inc. Outside of his advisory work, he is the managing member of Czerwinski Consulting, which provides consulting services on operational strategy and technology for B2B manufacturers and direct consumer retail. Ascension Financial is a fee-only investment adviser that manages customized portfolios for individuals, high-net-worth clients, retirement plans, trusts, charitable organizations, and corporate entities. The firm uses a combination of quantitative optimization, fundamental and technical analysis, and institutional investments, actively monitoring and adjusting portfolios to meet clients’ objectives, incorporating derivative strategies and leverage where appropriate.
Justin S
Series 65
Fort Collins, CO
Ascension Financial
Justin Shelby is a financial advisor at Ascension Financial with a Series 65 credential and three years of industry experience. He has held roles at RLK-PLG Investment Management, 1052 Partners, and Northport Capital Management, where he is involved in managing the winding down of past private equity investments. Outside of advising, Shelby is a partner and CFO of Picklr Inc., an operator of indoor pickleball facilities. Ascension Financial is a small, fee-only advisory firm serving individual and high-net-worth clients, as well as trusts, estates, and qualified retirement plans. The firm actively manages tailored portfolios using a combination of fundamental, quantitative, and technical analysis, and employs derivatives and margin strategies uncommon among peers.
Ethan C
Series 65
Sugar Grove, IL
Ascension Financial
Ethan Czerwinski is a financial advisor at Ascension Financial with a Series 65 designation and six years of experience through his own consulting business. He has been with Ascension Financial since 2023. Outside of his advisory role, he operates Czerwinski Consulting LLC, a non-investment-related business. Ascension Financial is a small, fee-only advisory firm serving individual and high-net-worth clients, as well as trusts, estates, and qualified retirement plans. The firm actively manages portfolios using a combination of fundamental, quantitative, and technical analysis, employing strategies such as derivatives and margin for hedging and income generation.
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