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Learn more about Spc
Spc is a financial advisory firm headquartered in Ann Arbor, Michigan. The firm administers $6.0 billion in assets over 34,594 client accounts, placing it among the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a large team, including 610 financial advisors. Spc does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as bonds, options and stocks.
Spc administers more than half of the firm's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell decisions without requiring the client's authorization. It also manages five non-discretionary accounts with a total of $12.8 million in assets under management. The firm administers about $172,407 for every customer account. An average financial advisor at Spc oversees around 57 client accounts, placing it towards the middle in terms of personalization.
The firm's headquarters is located at 300 Parkland Plaza, Ann Arbor, Michigan 48103. The firm is registered to serve clients across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Spc by the Numbers
Products and Services
Spc provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the prior financial year, it provided financial planning services to 500 of its accounts. The firm is engaged in selling products or offering services other than investment advice to its clients. The firm is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, accountant or accounting firm, lawyer or law firm, insurance company or agency, pension consultant and real estate broker or dealer.
Core Advisor Services
Offered by 31% 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 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial management vary depending on the type of financial services provided. However, fee types charged by the firm may include some combination of the following fee types: asset-based, hourly, fixed or other. Spc does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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 21% of firms
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 32% of firms
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.
Offered by 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 1% of firms that offer this fee type
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 26% of firms that offer this fee type
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 0% of firms that offer this fee type
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.
Types of Clients
Spc does business with a broad range of clients. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 34,594 clients, Spc's biggest client type by number of accounts is retail investors, but it also caters to 2,676 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 7.74%
- Other Individuals - 91.5%
- Corporations - 0.71%
- Charitable Organizations - 0.06%
* 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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Spc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Spc
Fort Wayne, IN
Ann Arbor, MI
Ann Arbor, MI
Ann Arbor, MI
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact firstname.lastname@example.org.
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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 the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.