Spectrum Asset Management, Inc.
- Regulatory AUM
- $18.3B
- Discretionary
- $13.9B
- Clients
- 74
- Avg AUM / client
- $247M
- Accounts
- 74
- Employees
- 27
AUM over time
Annual snapshots from Form ADV filings · as of Mar 20, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 1 | $4.5M | 0.02% |
| Investment companies | 7 | $8.1B | 44.2% |
| Pooled investment vehicles (non-investment companies) | 10 | $4.3B | 23.5% |
| Insurance companies | 6 | $485M | 2.65% |
| Corporations and other businesses | 50 | $5.4B | 29.6% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $121M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Spectrum Capital Securities Institutional Fund Llc | Other Private Fund | Delaware | $121M | 10 |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Orlando, Jean, Marie | Financial Operations Principal & Chief Financial Officer | Feb 2000 (27y) | Less than 5% | |
| Hanczor, Joseph, Andrew | Managing Director & Chief Compliance Officer | Aug 2009 (17y) | Less than 5% | |
| Jacoby, Lewis, Phillip | Executive Director & Chief Investment Officer | Jan 2010 (17y) | Less than 5% | |
| Lieb, Mark, Alan | President & Chief Executive Officer | Jan 2010 (17y) | Less than 5% | |
| Matthew Ross Byer | Executive Director & Chief Operating Officer | Jan 2010 (17y) | Less than 5% | |
| Urciuoli, Joseph, John | Executive Director & Head Of Research | Jan 2010 (17y) | Less than 5% | |
| Kevin Obrien Nugent | Registered representative | Mar 2019 (7y) | ||
| Steven Jay Solmonson | Registered representative | Mar 2019 (7y) | ||
| Andrew Dean Purdy | Registered representative | Oct 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Principal Global Investors Holding Company (Us), Llc | Owner | May 2017 | A | 75% or more |
| Principal Financial Group Inc. | 100% Owner | Oct 2001 | B | ≈ 42.19% – 100% via Principal Financial Services Inc. |
| Principal Financial Services Inc. | 100% Owner | Oct 2001 | B | ≈ 56.25% – 100% via Principal Global Investors Holding Company (Us), Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Principal Financial Group Inc.: 75% – 100% of Principal Financial Services Inc. × 75% – 100% of Principal Global Investors Holding Company (Us), Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Principal Financial Services Inc.: 75% – 100% of Principal Global Investors Holding Company (Us), Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $121M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Spectrum Capital Securities Institutional Fund Llc | Other Private Fund | $121M | $1.0M | 10 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/20/2026 | 2.43 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Merrill Lynch $1.6B (9% of AUM) Mar 2026
- Morgan Stanley $1.1B (6% of AUM) Mar 2026
- Wells Fargo $725M (3% of AUM) Feb 2019
- Universal Investment Gesellschaft Mbh $697M (4% of AUM) Mar 2026
- UBS $680M (3% of AUM) Feb 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 20, 2026.
View current Form ADV (SEC/IAPD) ↗