Spectrum Asset Management provides discretionary and non-discretionary investment management services for individuals, families, trusts, foundations, and retirement plans. Spectrum customizes portfolios using individual stocks, bonds, exchange-traded funds, and mutual funds tailored to each client's specific objectives and risk tolerance. In addition to portfolio management, Spectrum offers basic financial planning and consulting services, and facilitates access to estate planning document preparation through an independent third-party technology platform. Spectrum generally encourages a minimum asset level of $1 million to begin an engagement, though the firm offers an Emerging Wealth Management program with lower account minimums utilizing mutual fund and exchange-traded fund models.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.00% |
| $5.0M - $10.0M | 0.60% |
| $10M+ | 0.40% |
Rates shown are for Equity and Balanced accounts. Fixed Income schedule: first $1M at 0.60%, next $7M at 0.40%, next $17M at 0.25%, above $25M at 0.20%. Cash Management schedule: first $3M at 0.30%, next $7M at 0.20%, above $10M at 0.15%. Emerging Wealth Management schedule: $0-$750K at 1.65% max, $750K-$5M at 1.00%, next $5M at 0.60%, above $10M at 0.40%. A 10% discount applies to eleemosynary accounts. Fees are negotiable.