Spoor, T. Richard (Salisbury)

Spoor, T. Richard is a large advisory firm based in Salisbury. It manages $105.17 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Connecticut.

Spoor, T. Richard provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Spoor, T. Richard: assets under management

The assets under management (AUM) of Spoor, T. Richard is $105.17 million. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $59.09 million in discretionary accounts and $46.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.52 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.49 million.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Spoor, T. Richard for their services and products based on 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.

What kind of clients Spoor, T. Richard serves?

The only and largest group of clients of Spoor, T. Richard is high net worth individuals with 18 clients and $105.17 million of assets under management. Among the 10 most similar advisory firms, Spoor, T. Richard has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.17 million for 18 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.

Spoor, T. Richard doesn't advise any private funds.

Careers at Spoor, T. Richard

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Richard Spoor	Sole proprietor & chief compliance officer	1 Jan 1997	75% - 100%	5503369
T. Richard Spoor	Sole proprietor & chief compliance officer	1 Jan 1997	75% - 100%	5503369

Based in Salisbury

The principal office where Spoor, T. Richard performs its advisory services is located at 87 Canaan Road, Salisbury, CT 06068 The mailing address of the firm is P.O. Box 694, Lakeville, CT 06039. An additional office of the firm is in Key Largo, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-435-0964. The normal business hours are 9:00am-5:00pm on Monday - Friday.