M.R. Spencer Advisory Services L.L.C. (Flint)

M.R. Spencer Advisory Services L.L.C. is an adviser based in Flint. It manages $36.33 million of regulatory assets for 81 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Michigan.

M.R. Spencer Advisory Services L.L.C provides financial planning services, portfolio management for individuals and small businesses, publication of newsletters, security ratings or pricing services, market timing services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

M.R. Spencer Advisory Services L.L.C: assets under management

The assets under management (AUM) of M.R. Spencer Advisory Services L.L.C. is $36.33 million. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.85 million in discretionary accounts and $9.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $688.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $225.68 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay M.R. Spencer Advisory Services L.L.C. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at M.R. Spencer Advisory Services L.L.C.

Michael Robert Spencer has been acting as President since 1 Jan 1985. Scott John Laduke joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Robert Spencer	Owner/president	1 Jan 1985	75% - 100%	1064755
Scott John Laduke	Chief compliance officer	1 Oct 2004	Other	3005737

Based in Flint

The principal office where M.R. Spencer Advisory Services L.L.C. performs its advisory services is located at G 5131 W. Bristol Rd. Ste. B, Flint, MI 48507, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.