DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Spero-Smith Investment Advisers, Inc.

Former SEC-registered adviserCleveland, OhioCRD 105428SEC 801-20893IAPD
Latest filing Aug 12, 2016
First filing on the tape Mar 24, 2012 · 13 filings
RAUM
$810M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
11 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$810M as of Mar 16, 2016
Mar 24, 2012$515M then
HNW client RAUM: no history
State-registered IARs (5.B.3)11 as of Mar 16, 2016
Feb 13, 20139 then
Employees (5.A)15 as of Mar 16, 2016
Feb 13, 201312 then
Private funds: no history
RAUM +4.5% over the last fiscal year+8.6% a year over threeIARs 9 to 11
Practice profile
derived from the filing of Aug 12, 2016; every figure names its basis
RAUM per advisor
$73.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$493,952derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
11.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+4.5%derivedbetween the last two annual amendments
Advisor growth, one year
+22%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,640reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
none on the tape
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
      Teams outTeams in
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Marie Erica Aber · Vice-Presidentcontrol
        since 01/2013 · owns less than 5%
      • Neal Jeffrey Malbasa · President/Cio/Chief Compliance Officercontrol
        since 07/2009 · owns 5% to 10%
      • S. Matthew Olver · Senior Vice Presidentcontrol
        since 07/2009 · owns less than 5%
      • Charles Robert Smith · Chariman And Ceocontrol
        since 06/1993 · owns 75% or more
      • P. Aneet Deshpande · Senior Vice President And Director Of Equity Research
        since 09/2015 · owns less than 5%
      • Emily Mary Lord · Director Of Economic & Market Analysis / Senior Vp
        since 08/2015 · owns less than 5%
      • Allen Stephen Malbasa · Director Of Retirement Plan Services
        since 08/2015 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 1,550 to 1,640
        Aug 28, 2015 to Mar 16, 2016
      • Advisory employees · 9 to 11
        Aug 28, 2015 to Mar 16, 2016
      • Employees · 14 to 15
        Aug 28, 2015 to Mar 16, 2016
      • State-registered IARs · 9 to 11
        Aug 28, 2015 to Mar 16, 2016
      • Discretionary RAUM · $760M to $794M
        Aug 28, 2015 to Mar 16, 2016
      • Non-discretionary RAUM · $15.1M to $16.0M
        Aug 28, 2015 to Mar 16, 2016
      • RAUM · $775M to $810M
        Aug 28, 2015 to Mar 16, 2016
      • HQ city · BEACHWOOD to CLEVELAND
        Feb 25, 2015 to Mar 31, 2015
      • Accounts · 1,443 to 1,550
        Oct 9, 2014 to Feb 7, 2015
      • Discretionary RAUM · $796M to $760M
        Oct 9, 2014 to Feb 7, 2015
      • Non-discretionary RAUM · $13.2M to $15.1M
        Oct 9, 2014 to Feb 7, 2015
      • RAUM · $809M to $775M
        Oct 9, 2014 to Feb 7, 2015
      • Accounts · 1,360 to 1,443
        Feb 13, 2013 to Mar 8, 2014
      • Advisory activities · 4 to 5
        Feb 13, 2013 to Mar 8, 2014
      • Employees · 12 to 14
        Feb 13, 2013 to Mar 8, 2014
      • Discretionary RAUM · $620M to $796M
        Feb 13, 2013 to Mar 8, 2014
      • Non-discretionary RAUM · $11.8M to $13.2M
        Feb 13, 2013 to Mar 8, 2014
      • RAUM · $632M to $809M
        Feb 13, 2013 to Mar 8, 2014
      • Accounts · 1,415 to 1,360
        Mar 24, 2012 to Feb 13, 2013
      • Advisory employees · unset to 9.0
        Mar 24, 2012 to Feb 13, 2013
      • Employees · unset to 12.0
        Mar 24, 2012 to Feb 13, 2013
      • Financial planning clients · 101-250 to 11-25
        Mar 24, 2012 to Feb 13, 2013
      • State-registered IARs · unset to 9.0
        Mar 24, 2012 to Feb 13, 2013
      • Discretionary RAUM · $504M to $620M
        Mar 24, 2012 to Feb 13, 2013
      • Non-discretionary RAUM · $10.7M to $11.8M
        Mar 24, 2012 to Feb 13, 2013
      • RAUM · $515M to $632M
        Mar 24, 2012 to Feb 13, 2013
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026