Spero Smith Investment Advisers, Inc. (Cleveland)

Name: Spero Smith Investment Advisers, Inc.
Address: 50 Public Square, Cleveland, OH, 44113
Telephone: 216-464-6266

Spero Smith Investment Advisers, Inc. is a large advisory firm based in Cleveland. It manages $810.08 million of regulatory assets for 1,640 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Colorado, Florida, Massachusetts, and 4 other states.

Spero Smith Investment Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Spero Smith Investment Advisers: assets under management

The assets under management (AUM) of Spero Smith Investment Advisers, Inc. is $810.08 million. The firm's AUM has grown by 400% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $794.07 million in discretionary accounts and $16.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $511.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $181.91 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Spero Smith Investment Advisers, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Spero Smith Investment Advisers, Inc.

Jeffrey Neal Malbasa has been acting as President since 1 Jul 2009. Mary Emily Lord has served as the Chief Investment Officer since 1 Mar 2007. Aneet P. Deshpande joined the executive team most recently as the Senior Vice President And Director Of Equity Research.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karen Weaver Spero	Chairman/director	1 Jan 1984	Other	460620
Robert Charles Smith	Chariman and ceo	1 Jun 1993	75% - 100%	1574587
Jason Weybrecht	Vice president	1 May 1994	Other	4350400
Denise Margolis Farkas	Sr. vice president and director of research	1 Apr 1996	Other	4346075
Elizabeth Hern Farkas	Chief compliance officer; director of operations	1 Jul 2003	Other	4350409
Jeffrey Neal Malbasa	Director of operations; chief compliance officer	1 Mar 2006	Other	5315690
Mary Emily Lord	Chief investment officer	1 Mar 2007	Other	4471688
Jeffrey Neal Malbasa	President	1 Jul 2009	Other	5315690
Matthew S. Olver	Senior vice president	1 Jul 2009	Other	4350405
Kara Lynn Downing	Chief compliance officer	1 Feb 2010	Other	5320643
Erica Marie Aber	Vice-president	1 Jan 2013	Other	5320592
Mary Emily Lord	Director of economic & market analysis / senior vp	1 Aug 2015	Other	4471688
Stephen Allen Malbasa	Director of retirement plan services	1 Aug 2015	Other	862645
Aneet P. Deshpande	Senior vice president and director of equity research	1 Sep 2015	Other	6558334

Based in Cleveland

The principal office where Spero Smith Investment Advisers, Inc. performs its advisory services is located at 50 Public Square, Cleveland, OH 44113, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-464-6266 or by fax 216-464-5387. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sperosmith.com.