The Spielberger Group (Woodbury)

Name: The Spielberger Group
Address: 7600 Jericho Turnpike, Woodbury, NY, 11797
Telephone: 516-433-3100

The Spielberger Group is a large advisory firm based in Woodbury. It manages $327.11 million of regulatory assets for 185 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, and New York.

The Spielberger Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Spielberger Group: assets under management

The assets under management (AUM) of The Spielberger Group is $327.11 million. The firm's AUM has grown by 111% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $318.69 million in discretionary accounts and $8.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.2 million.

The Spielberger Group has custody of $32 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Spielberger Group for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Spielberger Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Spielberger Group is high net worth individuals with 130 clients and $323.43 million of assets under management. Among the 9 most similar advisory firms, The Spielberger Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $327.11 million for 185 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.

The Spielberger Group doesn't advise any private funds.

Careers at The Spielberger Group

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Mark Henry Spielberger	Ceo, chief compliance officer	1 Apr 2008	75% - 100%	815365
Craig David Brooks	Vp	1 Apr 2008	Other	4559802
Craig David Brooks	Managing partner	1 Jan 2012	Other	4559802

Based in Woodbury

The principal office where The Spielberger Group performs its advisory services is located at 7600 Jericho Turnpike, Woodbury, NY 11797, 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 516-433-3100 or by fax 516-960-3100. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at thespielbergergroup.com/.