Spruce Investment Advisors LLC is a large advisory firm based in Stamford. It manages $294.82 million of regulatory assets for 125 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Maryland, and 3 other states.
Spruce Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Spruce Investment Advisors LLC is $294.82 million. The firm's AUM has gone down by -84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Spruce Investment Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Spruce Investment Advisors is pooled investment vehicles with 78 clients and $239.35 million of assets under management. Among the 9 most similar advisory firms, Spruce Investment Advisors has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $294.55 million for 95 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.
Spruce Investment Advisors also advises several private funds. Namely, seventy nine private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.
The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Spruce Investment Advisors LLC performs its advisory services is located at One Stamford Plaza, Stamford, CT 06901, 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 203-428-2600 or by fax 203-428-2628. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at spruceinvest.com.