Spectrum Group Management
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Overview
Spectrum Group Management operates as a financial advisory firm based in Huntington, New York. The company has $353.2 million in total assets throughout 10 accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). It has a small group, including 3 financial advisors. Spectrum Group Management does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like stocks, bonds and options.
Spectrum Group Management administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction decisions without needing to seek client permission. The firm administers roughly $35.3 million in assets for every customer account. The typical financial advisor at Spectrum Group Management administers about three client accounts, placing it among the most personalized firms in the country.
The company's headquarters is located at 24 West Carver Street, Huntington, New York 11743.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Spectrum Group Management by the Numbers
$353.2 million
6
10
$35.3 million
Fee Structure
Fees charged by financial advisors usually depend on which services are offered. Fee types billed by the company most likely include any blend of the following fee types: asset-based or performance-based. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It provides services to pooled investment vehicles. Out of its 10 clients, Spectrum Group Management's largest client is pooled investment vehicles. Around 70% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Spectrum Group Management does not have any disclosures.
Please visit its Form ADV for more details.
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