SP Asset Management LLC provides discretionary management of investment portfolios and ongoing financial planning for individuals, pension and retirement plans, trusts, and business entities. Led by President and CEO Sandeep Pandya, the firm was formed in January 2022, succeeding a practice that has operated as a registered investment advisor since 1995. SP Asset Management tailors its investment management services to the specific investment objectives of each client, utilizing a range of securities including domestic and foreign equities, commercial paper, certificates of deposit, municipal and U.S. government securities, exchange-traded funds, mutual funds, private equity funds, and options contracts. The firm primarily employs fundamental analysis and long-term purchases, short-term purchases, trading, short sales, margin transactions, and option writing strategies. Additionally, the firm offers financial planning services ranging from comprehensive plans to focused consultations, as well as advisory services to private funds focused on fund-of-funds investments in venture capital and private equity.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $3.0M | 0.80% |
| $3.0M - $4.0M | 0.70% |
| $4.0M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.25% |
Fees are negotiable based on criteria such as anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account composition, client negotiation, and length of client relationship. Fees may be reduced or waived entirely for family and friends of the firm. Subject to a minimum quarterly fee of $2,500.