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How does Spence Asset Management help clients – Key Takeaways:
Spence Asset Management offers a range of financial services to help clients manage their assets and achieve their financial goals. With years of experience and a team of expert advisors, Spence Asset Management has established itself as a trusted partner for individuals and businesses seeking financial advice. Some key takeaways on how Spence Asset Management can help clients are:
- Expert financial advice: Spence Asset Management comprises a team of financial experts who have years of experience in the industry. They use their knowledge and expertise to help clients make informed financial decisions and achieve their financial objectives.
- Customized solutions: Spence Asset Management understands that each client has unique financial needs and requirements. Therefore, they offer customized solutions tailored to the specific goals and risk tolerance of each individual or business.
- Comprehensive financial planning: Spence Asset Management believes in taking a holistic approach towards financial planning. Their advisors work closely with clients to understand their entire financial picture and develop a comprehensive plan to help them achieve their short-term and long-term financial goals.
- Diversified investment options: Spence Asset Management offers a wide range of investment options to help clients diversify their portfolios and manage risk. These options include stocks, bonds, mutual funds, real estate, and more.
Facts and Insights
To gain a better understanding of Spence Asset Management, here are some important facts and insights:
- Assets Under Management: As of 2020, Spence Asset Management has approximately $500 million in assets under management, making it a mid-sized firm in the industry.
- Number of Advisors: The firm has a team of 20 advisors, with a ratio of one advisor to every $25 million in assets under management.
- Time in Business: Spence Asset Management was founded in 2008, giving it more than 12 years of experience in the financial industry.
Financial Services Offered
Spence Asset Management offers a wide range of financial services to cater to the diverse needs of its clients. Some of the services provided by the firm include:
- Investment management
- Retirement planning
- Wealth management
- Estate planning
- Tax planning
- Insurance planning
Client Types
Spence Asset Management serves a broad range of clients, including:
- Individuals
- High-net-worth individuals
- Businesses
- Retirement plans
- Trusts and estates
Fees & Compensation
Spence Asset Management believes in transparency when it comes to fees and compensation. The firm charges a percentage of assets under management as a fee, which can vary based on the size of the client’s portfolio. Additionally, they may charge fees for certain financial planning services or investment products they recommend.
Background
Founded in 2008, Spence Asset Management is an independent, fee-only financial advisory firm. They specialize in managing investment portfolios and providing comprehensive financial planning services to help clients reach their financial goals. The firm is headquartered in New York City and serves clients across the United States.
Financial Advisor Disclosures to Know
As a registered investment advisor, Spence Asset Management has a fiduciary duty to act in the best interests of its clients. This means they must disclose any potential conflicts of interest and always prioritize their clients’ goals and needs. Prior to working with the firm, clients are provided with a copy of the firm’s disclosure brochure, which outlines their policies and procedures.