Spirit Of America Management Corp
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Overview
Spirit Of America Management Corp operates as an advisory company based in Syosset, New York. The company controls $576.3 million in total assets across 44 accounts, making it one of the bigger financial advisory firms in the nation by assets under management (AUM). The firm has an average-sized team, including 40 financial advisors. Spirit Of America Management Corp is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like bonds, equities and options.
Spirit Of America Management Corp manages all of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell choices are made by a portfolio manager without requiring the client's authorization. The investment advisory firm's average account size is $13.1 million. An average financial advisor at Spirit Of America Management Corp oversees around one client account, making it one of the most individualized advisor firms in the country.
Spirit Of America Management Corp's main office is located at 477 Jericho Turnpike, Syosset, New York 11791-9006. The firm is allowed to serve clients throughout a few states, including Connecticut, Florida, New Jersey and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Spirit Of America Management Corp by the Numbers
$576.3 million
43
44
$13.1 million
Fee Structure
A financial advisor's fees typically depend on which service is provided. However, fees charged by Spirit Of America Management Corp typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to retail investors and investment companies. Out of its 44 clients, Spirit Of America Management Corp's biggest client type is retail investors. None of the firm's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 97.78%
- Corporations - 2.22%
- 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
Spirit Of America Management Corp does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Spirit Of America Management Corp
Westport, CT
Westport, CT
Syosset, NY
Syosset, NY
Syosset, NY
Westport, CT
Syosset, NY
Westport, CT
Westport, CT
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