Spano Advisory Services Inc.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$41,021,000
Total clients
38
29% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
38
Average account size
$1,079,500
About
Spano Advisory Services, Inc. provides discretionary portfolio management and consultative financial planning to individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations and pension or profit-sharing plans. The firm manages roughly $41.0 million for about 38 clients and offers account management alongside hourly financial planning engagements.
The firm applies fundamental analysis to select equities, bonds, ETFs and mutual funds and implements both long- and short-term purchase strategies, with clients able to impose reasonable restrictions on their portfolios. Accounts are managed on a discretionary basis with daily monitoring; the firm also occasionally recommends third-party investment advisers and delivers written planning reports at the conclusion of engagements.
Notable aspects include the principal’s concurrent operation of an accounting practice and licensure as a life and health insurance agent, which enables the firm to offer insurance product sales and accounting referrals in addition to investment advice; these affiliations and potential commissions are disclosed and addressed through the firm’s Code of Ethics and client disclosures. It is also uncommon for a solo independent adviser to serve pension/profit-sharing and other institutional clients and to sometimes receive portions of third-party manager fees—arrangements the firm discloses and permits clients to accept or decline.
Client services
Financial planning
Portfolio management
Selection of other advisers
Expertise
General tax planning
General estate planning guidance
Fee options
$0 - $100,000: 1.25% $100,001 - $250,000: 1.00% $250,001 - $500,000: 0.85% $500,001 - $1,000,000: 0.75% $1,000,001+: 0.65%
Up to $200 per hour, negotiable
Main office location
Spano Advisory Services Inc.
960 Route 6
Mahopac NY 10541, United States
Number of offices
1
Most active in
Spano Advisory Services Inc. has reported serving >5 clients in these states in the last 12 months.
Connecticut · New York
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
Forms ADV
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