Cannell & Spears LLC

Cannell & Spears LLC provides discretionary portfolio management and financial planning to a broad client base that includes individuals, trusts, tax‑exempt organizations, registered investment companies, and unregistered pooled investment vehicles. The firm also offers sub‑advisory services to an affiliated ETF and facilitates allocations to unaffiliated third‑party separately managed account managers.

The firm follows a long‑term, value‑oriented investment approach driven by proprietary fundamental research and concentrated security selection, prioritizing businesses with defensible market positions and catalysts for value realization. Cannell & Spears tailors asset allocation and security choices to each client’s objectives and, when suitable, may allocate to illiquid securities, private placements, or third‑party managers to achieve those goals.

Noteworthy for a multi‑team adviser, Cannell & Spears operates as a private fund adviser through a wholly owned subsidiary that manages unregistered pooled vehicles and may receive performance‑based allocations (promotes) for those investments. The firm also discloses predecessor performance tied to its legacy firms, serves as sub‑adviser to The BeeHive ETF (including a revenue‑sharing arrangement with the ETF’s adviser), and discloses how ETF internal expenses can affect client costs.