Spearhead Administrative Services, LLC

Spearhead Administrative Services, LLC acts as an investment manager and administrator for private pooled investment vehicles and separately managed accounts, with a focus on insurance-dedicated funds offered to segregated asset accounts of insurance companies. The firm selects and retains independent subadvisors to manage portfolios, prepares offering documents for funds (with legal review by outside counsel), and is registered with the SEC and as a Commodity Pool Operator with the NFA.

Investment management is delegated to subadvisors whose strategies collectively seek capital preservation or appreciation through global allocations across public and private funds, equities, fixed income, real assets and derivative instruments. The firm oversees subadvisors through initial due diligence and ongoing monitoring, and the funds and accounts it manages may use leverage and exchange-traded or OTC derivatives — including the use of derivatives in separately managed accounts as disclosed.

Compared with many peers, Spearhead combines traditional investment-manager activities with other industry roles: it is a licensed insurance agency that sells variable life and annuity products and manages insurance-dedicated funds for insurance company clients, it operates with paid referral/endorsement arrangements disclosed in its brochure, and it maintains affiliations and registrations tied to commodity pool and trading activities. These arrangements — plus disclosed soft-dollar relationships and the routine selection of other advisers (subadvisors) — are notable features that create potential conflicts of interest which the firm says it addresses through disclosure and oversight.