Spears Abacus Advisors LLC is a large advisory firm based in New York. It manages $1.22 billion of regulatory assets for 409 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.
Spears Abacus Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and review of asset allocation. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Spears Abacus Advisors LLC is $1.22 billion. The firm's AUM has grown by 51% since the beginning of its operation, and $23.5 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Spears Abacus Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Spears Abacus Advisors is high net worth individuals with 307 clients and $924.8 million of assets under management. Among the 11 most similar advisory firms, Spears Abacus Advisors has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.21 billion for 409 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Spears Abacus Advisors doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Spears Abacus Advisors LLC performs its advisory services is located at 147 East 48 Th Street, New York, NY 10017, 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 212-230-9865 or by fax 212-230-9861. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at spearsabacus.com.