Spire Wealth Management, LLC is a large advisory firm based in Reston. It manages $3.16 billion of regulatory assets for 10,330 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Spire Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and insurance, retirement & estate planning, divorce planning. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Spire Wealth Management, LLC is $3.16 billion. The firm's AUM has grown by 383% since the beginning of its operation, and $1.8 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Spire Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Spire Wealth Management is individuals with 3,829 clients and $2.31 billion of assets under management. Among the 6 most similar advisory firms, Spire Wealth Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $3.16 billion for 4,453 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Spire Wealth Management doesn't advise any private funds.
The company employs 122 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 87 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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 receive compensation from other entities for client referrals.
The principal office where Spire Wealth Management, LLC performs its advisory services is located at 1840 Michael Faraday Dr., Reston, VA 20190, which is also the mailing address of the firm. An additional office of the firm is in Pittsburgh, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 703-657-6060 or by fax 703-748-1372. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at spireip.com.