S
Spencer Financial Advisors
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$14,000,000
Total clients
14
21% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
14
Average account size
$1,000,000
About
Spencer Financial Advisors provides portfolio management to individual and high‑net‑worth clients and prepares an Investment Policy Statement for each account. The firm advises on asset allocation, security selection and ongoing monitoring across mutual funds, equities, ETFs, fixed‑income securities and options.
The firm employs fundamental analysis and implements both long‑term and short‑term trading strategies, including the use of margin and various options strategies when appropriate. While the adviser requests discretionary authority, the brochure shows approximately $13 million managed on a non‑discretionary basis versus about $2 million discretionary, so most assets are managed with client approval of transactions.
Noteworthy for an independent adviser, Spencer Financial Advisors maintains an unusually high proportion of non‑discretionary assets, which means clients typically retain final approval of trades more often than is typical for peers. The firm also does not participate in wrap fee programs, does not accept performance‑based fees, and reports that it does not aggregate block trades for multiple client accounts, which can affect execution and transaction timing relative to many peers.
Client services
Portfolio management
Expertise
Active portfolio management
Options & derivatives strategies
Concentrated stock management
Real estate investing
Fee options
0.0025% annually
Main office location
Spencer Financial Advisors
Plymouth MN, United States
Number of offices
1
Most active in
Spencer Financial Advisors has reported serving >5 clients in these states in the last 12 months.
Minnesota
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 not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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