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

Spectrum Asset Management, Inc.

Former SEC-registered adviserStamford, ConnecticutCRD 18217SEC 801-30405IAPD
Latest filing Dec 4, 2018
First filing on the tape Mar 29, 2012 · 33 filings
RAUM
$24B
reported, Item 5.F
Discretionary
83%
of RAUM
Private clients
0.2%
$52.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
21
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$24B as of Mar 30, 2018
Mar 29, 2012$13B then
HNW client RAUM: $52.4M
State-registered IARs (5.B.3)3 as of Mar 30, 2018
Mar 14, 20132 then
Employees (5.A)21 as of Mar 30, 2018
Mar 14, 201318 then
Private funds: no history
RAUM +16% over the last fiscal year+10% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Dec 4, 2018; every figure names its basis
RAUM per advisor
$7.9BderivedRAUM 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
$287MderivedRAUM over accounts (5.F.2.f)
Discretionary
83%derivedof RAUM
Institutional
4.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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
  • is a broker-dealer (6.A.1)
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$10B44%
  • Pooled investment vehicles$6.4B27%
  • Corporations and businesses$5.5B23%
  • Insurance companies$1.2B4.9%
  • High-net-worth individuals$52.4M0.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
82reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $5.1B managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Matthew Ross Byer · Executive Director & Chief Operating Officercontrol
        since 01/2010 · owns less than 5%
      • Lewis Phillip Jacoby · Executive Director & Chief Investment Officercontrol
        since 01/2010 · owns less than 5%
      • Mark Alan Lieb · President & Chief Executive Officercontrol
        since 01/2010 · owns less than 5%
      • Joseph Andrew Hanczor · Managing Director & Chief Compliance Officer
        since 08/2009 · owns less than 5%
      • Jean Marie Orlando · Financial Operations Principal & Chief Financial Officer
        since 02/2000 · owns less than 5%
      • Joseph John Urciuoli · Managing Director & Director Of Research
        since 01/2010 · owns less than 5%
      Entity owners
      • Principal Global Investors Holding Company (US), LLC · Owner
        direct · owns 75% or more
      • Principal Financial Group Inc. · 100% Owner
        indirect · owns 75% or more of Principal Financial Services Inc. · public reporting company
      • Principal Financial Services Inc. · 100% Owner
        indirect · owns 75% or more of Principal Global Investors Holding Company (US), LLC
      Related persons
      Schedule D 7.A
      Advisers that list Spectrum Asset Management, Inc. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 81 to 82
        Aug 23, 2017 to Mar 30, 2018
      • Advisory employees · 9 to 10
        Aug 23, 2017 to Mar 30, 2018
      • Corporate clients · unset to 39.0
        Aug 23, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 29.0
        Aug 23, 2017 to Mar 30, 2018
      • Employees · 20 to 21
        Aug 23, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Aug 23, 2017 to Mar 30, 2018
      • Discretionary RAUM · $17B to $20B
        Aug 23, 2017 to Mar 30, 2018
      • HNW RAUM · unset to 52402418.0
        Aug 23, 2017 to Mar 30, 2018
      • Non-discretionary RAUM · $3.8B to $3.9B
        Aug 23, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 6423749374.0
        Aug 23, 2017 to Mar 30, 2018
      • RAUM · $20B to $24B
        Aug 23, 2017 to Mar 30, 2018
      • Wrap assets (manager) · unset to 5124354865.0
        Aug 23, 2017 to Mar 30, 2018
      • Wrap assets (sponsor) · unset to 0.0
        Aug 23, 2017 to Mar 30, 2018
      • Accounts · 106 to 81
        Sep 27, 2016 to Mar 22, 2017
      • Advisory employees · 8 to 9
        Sep 27, 2016 to Mar 22, 2017
      • Employees · 21 to 20
        Sep 27, 2016 to Mar 22, 2017
      • Discretionary RAUM · $16B to $17B
        Sep 27, 2016 to Mar 22, 2017
      • Non-discretionary RAUM · $2.9B to $3.8B
        Sep 27, 2016 to Mar 22, 2017
      • RAUM · $19B to $20B
        Sep 27, 2016 to Mar 22, 2017
      • Accounts · 98 to 106
        Mar 17, 2016 to Mar 30, 2016
      • BD registered reps · 15 to 17
        Mar 17, 2016 to Mar 30, 2016
      • Employees · 18 to 21
        Mar 17, 2016 to Mar 30, 2016
      • State-registered IARs · 2 to 3
        Mar 17, 2016 to Mar 30, 2016
      • Discretionary RAUM · $15B to $16B
        Mar 17, 2016 to Mar 30, 2016
      • Non-discretionary RAUM · $2.9B to $2.9B
        Mar 17, 2016 to Mar 30, 2016
      • RAUM · $18B to $19B
        Mar 17, 2016 to Mar 30, 2016
      • Accounts · 70 to 98
        Mar 27, 2014 to Mar 19, 2015
      • Discretionary RAUM · $14B to $15B
        Mar 27, 2014 to Mar 19, 2015
      • Non-discretionary RAUM · $2.1B to $2.9B
        Mar 27, 2014 to Mar 19, 2015
      • RAUM · $16B to $18B
        Mar 27, 2014 to Mar 19, 2015
      • Accounts · 49 to 70
        Sep 25, 2013 to Mar 27, 2014
      • Discretionary RAUM · $14B to $14B
        Sep 25, 2013 to Mar 27, 2014
      • Non-discretionary RAUM · $2.5B to $2.1B
        Sep 25, 2013 to Mar 27, 2014
      • RAUM · $17B to $16B
        Sep 25, 2013 to Mar 27, 2014
      • Accounts · 52 to 49
        Nov 13, 2012 to Mar 14, 2013
      • Discretionary RAUM · $11B to $14B
        Nov 13, 2012 to Mar 14, 2013
      • Non-discretionary RAUM · $2.7B to $2.5B
        Nov 13, 2012 to Mar 14, 2013
      • RAUM · $13B to $17B
        Nov 13, 2012 to Mar 14, 2013
      • Advisory employees · unset to 8.0
        Aug 9, 2012 to Nov 13, 2012
      • BD registered reps · unset to 15.0
        Aug 9, 2012 to Nov 13, 2012
      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