Spc

CRD#110692
Investment Advisor Firm

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Overview

Spc operates as an advisory company located in Ann Arbor, Michigan. Spc has $6.9 billion in total assets across 36,841 customer accounts, making it one of the largest firms in the United States by assets under management (AUM). The firm has a large group, including 628 financial advisors. Spc does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial assets like options, equities and bonds.

Spc manages 36,836 of the firm's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction decisions without needing the customer's authorization. It also manages five non-discretionary accounts with a total of $14.0 million in AUM. The firm manages an average of $186,188 in assets for each customer account. The typical financial advisor at Spc administers around 59 client accounts, placing it towards the middle in terms of personalization.

Spc’s headquarters is at 300 Parkland Plaza, Ann Arbor, Michigan 48103. The company is legally permitted to serve customers throughout 51 U.S. states and territories.

Assets Under Management

$6.9 billion

Number of Advisors

628

Disclosures

No

Office Location

300 Parkland Plaza
Ann Arbor, MI 48103

Spc by the Numbers

Total Assets Under Management

$6.9 billion

National Average: $9.0 billion
Total Number of Employees

628

National Average: 71,771
Total Number of Accounts

36,841

National Average: 4,329
Average Account Size

$186.2 thousand

National Average: $2.1 million

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Products and Services

Spc offers a number of services, including 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 past financial year, Spc provided financial planning services to 1000 of its accounts. The company is engaged in selling products or offering services aside from investment advisory services to its customers. It is also affiliated with one or more 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 47% 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

  • Offered by 21% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 7% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management typically depend on which service is offered. Fees charged by the company most likely include any combination of the following fee structures: asset-based, hourly, fixed or other. The firm does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 70% 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 21% 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 33% 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.

  • Offered by 10% of firms

    Other

    Show Explanation

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

Unavailable

  • Find one of the 1% 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 26% 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 0% 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.

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Types of Clients

Spc does business with a broad range of investors. It caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 36,841 customers, Spc's biggest client type by number of accounts is retail investors, though it also caters to 2,072 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 5.62%
  • Other Individuals - 93.63%
  • Corporations - 0.68%
  • 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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Disclosures

Spc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Spc

Charles Milliken
Ann Arbor, MI
Patrick Shope
Ann Arbor, MI
Zachary Clark
Tecumseh, MI
Steven Kao
Austin, TX
Clinton Potts
Ann Arbor, MI
Jordan Ginori
Hialeah, FL
Scott Carlson
Noblesville, IN
Paul Wallin
San Antonio, TX
Tamara Glenn
Ann Arbor, MI

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

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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.