Spearhead Capital Advisors, LLC (Wellington)


Spearhead Capital Advisors, LLC is a large advisory firm based in Wellington. It manages $769.83 million of regulatory assets for 221 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Massachusetts, and 4 other states.

Spearhead Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Spearhead Capital Advisors: assets under management

The assets under management (AUM) of Spearhead Capital Advisors, LLC is $769.83 million. The firm's AUM has grown by 363% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $562.7 million in discretionary accounts and $207.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.2 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.6 million.
Spearhead Capital Advisors has custody of $3.14 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 31% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Spearhead Capital Advisors, 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 Spearhead Capital Advisors serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Spearhead Capital Advisors is high net worth individuals with 24 clients and $619.78 million of assets under management. Among the 7 most similar advisory firms, Spearhead Capital Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $769.83 million for 48 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Spearhead Capital Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Spearhead Capital Advisors, LLC

The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Llc Spearhead Strategic Partners Owner 1 Jan 2013 75% - 100% 45-5632857
Todd Matthew Walters Ceo and cio 1 Mar 2016 Other 4823763
Jarrett Todd Bostwick General counsel & cco 1 Mar 2016 Other 4651736
Timothy Paul Troutman Coo 1 May 2016 Other 3146811
Timothy Paul Troutman Coo 1 Jun 2016 Other 3146811
Walter Russell Costenbader Chief compliance officer 1 Nov 2016 Other 1828345
Michael Thomas Rasmussen Chief compliance officer/deputy general counsel 1 Sep 2018 Other 6874332

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gary L Shapiro Owner 1 Dec 2008 50% - 75% 1924157
Colleen Shapiro Owner 1 May 2011 50% - 75% 6013658
Llc New Vernon Financial Owner 1 Jan 2013 25% - 50% 26-3672448
Llc Abstrum Partners Owner 1 Jan 2013 25% - 50% 45-1283077
Llc Fieldstone Ii Owner 1 Jan 2013 25% - 50% 45-2254962
Tracey Anne Walters Owner 1 Jan 2013 50% - 75% 2963245
Jarrett Todd Bostwick Owner 1 Jan 2013 75% - 100% 4651736
Todd Matthew Walters Owner 1 Jan 2013 50% - 75% 4823763

Based in Wellington

The principal office where Spearhead Capital Advisors, LLC performs its advisory services is located at 12012 South Shore Blvd, Wellington, FL 33414, which is also the mailing address of the firm. An additional office of the firm is in Mars, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-801-7302 or by fax 561-948-1994. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at spearheadllc.com.