Anderson, Riley & Spoor, Pa (St. Petersburg)

Name: Anderson, Riley & Spoor, Pa
Address: 111 Second Avenue Ne, St. Petersburg, FL, 33701
Telephone: 727-322-7681/888-322-7681

Anderson, Riley & Spoor, Pa is a large advisory firm based in St. Petersburg. It manages $504.63 million of regulatory assets for 1,257 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arkansas, Florida, Georgia, and 7 other states.

Anderson, Riley & Spoor, Pa provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Anderson, Riley & Spoor, Pa: assets under management

The assets under management (AUM) of Anderson, Riley & Spoor, Pa is $504.63 million. The firm's AUM has grown by 465% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $492.42 million in discretionary accounts and $12.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $404.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $305.08 thousand.

Anderson, Riley & Spoor, Pa has custody of $14.73 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Anderson, Riley & Spoor, Pa for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Anthony Allen Anderson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Anthony Allen Anderson is high net worth individuals with 300 clients and $467.06 million of assets under management. Among the 5 most similar advisory firms, Anderson, Riley & Spoor, Pa has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $504.63 million for 509 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Anderson, Riley & Spoor, Pa doesn't advise any private funds.

Careers at Anderson, Riley & Spoor, Pa

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Anthony Allen Anderson has been acting as President since 1 Mar 2005. Andrew James Swenson has served as the Chief Investment Officer since 1 Mar 2011. Gilbert Kurtis Ulrich joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Joseph Riley	Vice president	1 Aug 1997	25% - 50%	4615881
Frederick G Spoor	Vice president	1 Aug 1997	25% - 50%	4615885
Anthony Allen Anderson	President/chief executive officer/chief compliance officer	1 Mar 2005	75% - 100%	2640022
Gilbert Kurtis Ulrich	Chief investment officer	1 Mar 2006	Other	1289079
Andrew James Swenson	Chief investment officer/vice president	1 Mar 2011	Other	1270787

Based in St. Petersburg

The principal office where Anderson, Riley & Spoor, Pa performs its advisory services is located at 111 Second Avenue Ne, St. Petersburg, FL 33701, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-322-7681/888-322-7681 or by fax 727-209-3476. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at arswealth.com.