Spivak Asset Management, LLC (Avon)

Name: Spivak Asset Management, LLC
Address: 172 West Main Street, Avon, CT, 06001
Telephone: 860-676-9756

Spivak Asset Management, LLC is a large advisory firm based in Avon. It manages $192.77 million of regulatory assets for 65 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Connecticut and Texas.

Spivak Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Spivak Asset Management: assets under management

The assets under management (AUM) of Spivak Asset Management, LLC is $192.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 404% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.97 million each.

Spivak Asset Management has custody of $148.75 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Spivak Asset Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Spivak Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Spivak Asset Management is high net worth individuals with 49 clients and $186.29 million of assets under management. Among the 12 most similar advisory firms, Spivak Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $192.77 million for 65 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Spivak Asset Management doesn't advise any private funds.

Careers at Spivak Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jay Stuart Spivak	Managing member/chief compliance officer	1 May 1996	75% - 100%	2763969
Jay Stuart Spivak	Owner	1 Dec 2002	75% - 100%	xxx-xx-xxxx

Based in Avon

The principal office where Spivak Asset Management, LLC performs its advisory services is located at 172 West Main Street, Avon, CT 06001, 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 860-676-9756 or by fax 860-676-2107. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at jayspivak.com.