Spielberger & Brooks, Inc

CRD#147197
Investment Advisor Firm

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Learn more about Spielberger & Brooks, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Spielberger & Brooks, Inc operates as a financial advisory company that has its headquarters in Woodbury, New York. Spielberger & Brooks, Inc controls $290.0 million in assets under management across 240 accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). Spielberger & Brooks, Inc has a small group, including 2 financial advisors. Spielberger & Brooks, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments like stocks, options and bonds.

    Spielberger & Brooks, Inc administers most of its accounts in a discretionary manner. Discretionary management means that buy and sell judgments for the client's account are made by a portfolio manager without needing client permission. Spielberger & Brooks, Inc also has four non-discretionary accounts with a total of $6.4 million in AUM. The company administers about $1.2 million in assets for each client account. An average advisor at Spielberger & Brooks, Inc administers around 120 client accounts.

    Spielberger & Brooks, Inc's headquarters is at 7600 Jericho Turnpike, Woodbury, New York 11797. The company is permitted to serve investors throughout a number of states, including California, Florida and New York.

    Assets Under Management

    $290.0 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    7600 Jericho Turnpike
    Woodbury, NY 11797

    Spielberger & Brooks, Inc by the Numbers

    Total Assets Under Management

    $290.0 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    240

    National Average: 375,227
    Average Account Size

    $1.2 million

    National Average: $23.0 thousand
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    Products and Services

    Spielberger & Brooks, Inc offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior fiscal year, it provided 1-10 of its customers with financial planning services. The firm does sell products or offer services different than investment advice to its clients.

    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

      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 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Fees charged by financial advisors vary depending on which services are offered. However, fee types charged by the firm can include some combination of the following fee types: asset-based or performance-based. Spielberger & Brooks, Inc does not supply 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

      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 26% of firms

      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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 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.

    • Find one of the 32% of firms that offer this fee type

      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.

    • Find one of the 10% 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 company works with retail investors, high net worth investors and pension plans. Out of its 240 clients, Spielberger & Brooks, Inc's biggest client type by number of accounts is high net worth investors, although it also caters to 133 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM 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 from outside of the U.S.

    • High-Net-Worth Individuals* - 55.42%
    • Other Individuals - 42.92%
    • Corporations - 1.67%
    • 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

    Spielberger & Brooks, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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