Sphere, LLC

CRD#174488
Investment Advisor Firm

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Overview

Sphere, LLC is a financial advisory firm that has its headquarters in Fayetteville, Arkansas. The company handles $57.5 million in total assets throughout 400 customer accounts. The company has a small team of five employees, all of whom are financial advisors. Sphere, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments such as bonds, stocks and options.

Sphere, LLC oversees 350 of its accounts in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by an investment advisor without requiring client approval. The company also has 50 non-discretionary accounts totaling $7.5 million in AUM. The firm's average account size is $143,750. 35000000 of its investments for financial planning services were in securities. An average financial advisor at Sphere, LLC manages around 80 client accounts.

Sphere, LLC's central office is located at 3900 N Front St., Suite 101, Fayetteville, Arkansas 72703. Sphere, LLC is legally registered to serve clients throughout a few states, including Arkansas, Oklahoma and Texas.

Assets Under Management

$57.5 million

Number of Advisors

5

Disclosures

No

Office Location

3900 N Front St., Suite 101
Fayetteville, AR 72703

Sphere, LLC by the Numbers

Total Assets Under Management

$57.5 million

National Average: $3.7 billion
Total Number of Employees

5

National Average: 29
Total Number of Accounts

400

National Average: 2,073
Average Account Size

$143.8 thousand

National Average: $1.8 million

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Products and Services

Financial services that Sphere, LLC provides can include financial planning services and portfolio management for individuals and small businesses. In the prior financial year, Sphere, LLC provided financial planning services to 51-100 of its customers. The company is not involved in selling products or offering services other than investment advisory services to its investment advisory clients.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

A financial advisor's fees largely depend on which services are offered. Fee types charged by Sphere, LLC likely are comprised of the following fee structures: asset-based, hourly or fixed. Sphere, LLC does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee. Sphere, LLC can withdraw its expenses directly from client accounts.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm caters to retail investors. Out of its 400 clients, Sphere, LLC's biggest client is retail investors. None of the company's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Sphere, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Sphere, LLC

John Paul
Fayetteville, AR
Donald Paul
Fayetteville, AR
Kim Brawner
Fayetteville, AR
Teddy Awuah
Fayetteville, AR
Keith Lea
Fayetteville, AR

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.