Spence Asset Management (Las Cruces)
Spence Asset Management Is a Large Advisory Firm Based in Las Cruces. It Manages $235.98 Million of Regulatory Assets for 1,008 Client Accounts. It Has Been...
Spence Asset Management is a large advisory firm based in Las Cruces. It manages $235.98 million of regulatory assets for 1,008 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Mexico and Texas.
Spence Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Spence Asset Management: assets under management
The assets under management (AUM) of Spence Asset Management is $235.98 million. The firm's AUM has grown by 606% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $218.23 million in discretionary accounts and $17.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.78 million.
Investments
The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.
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