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.
SEC-registered adviser
Spearhead Administrative Services, LLC
Latest filing Aug 28, 2026
First filing on the tape Mar 3, 2022 · 25 filings
SEC status approved since Apr 1, 2022
RAUM
$3.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$766M
derived; firm RAUM over IAPD count
Employees
9
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
25
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$3.8B as of Aug 28, 2026
Mar 31, 2023$567M then
HNW client RAUM: no history
State-registered IARs (5.B.3)5 as of Aug 28, 2026
Mar 31, 20235 then
Employees (5.A)9 as of Aug 28, 2026
Mar 31, 20237 then
Private funds25 as of Aug 28, 2026
Mar 31, 20235 then
RAUM +78% over the last fiscal year+89% a year over threeIARs 7 to 5
Practice profile
derived from the filing of Aug 28, 2026; every figure names its basis
Archetypes, each a printed rule
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- RAUM per advisor
- $766MderivedRAUM 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
- $4.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 58%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 1.3derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +78%derivedbetween the last two annual amendments
- Advisor growth, one year
- -29%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $1.6B, 22 clientsreportedItem 9.A
- 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 an insurance broker or agent (6.A.6)
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Insurance companies$2.2B58%
- Pooled investment vehicles$1.6B42%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 813reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.6B for 22 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.42 institutional_share=0.58 related_bd=false related_bank=true bd_reps=4.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kenneth Eugene Foley | Greenville, De | Apr 25, 2022 | 24 y | 1 |
| Patrick Edward WalshChartered Financial Analyst | South Hamilton, Ma | Apr 25, 2022 | 14 y | 1 |
| Alyson Renee Kest | Greenville, De | Apr 27, 2022 | 10 y | 1 |
| Christopher Kentimenos | Greenville, De | Jun 8, 2022 | 10 y | 1 |
| David Cook ReynoldsCertified Financial Planner | Miami, Fl | Jan 1, 2025 | 16 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- David Cook Reynolds from Spearhead Capital Advisors, LLCJan 1, 2025 · Other
- Christopher Kentimenos from Kovack Advisors, Inc.Jun 8, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Alyson Renee Kest from Spearhead Capital Advisors, LLCApr 27, 2022 · RIA to a newly registered adviser
- Kenneth Eugene Foley from Spearhead Capital Advisors, LLCApr 25, 2022 · RIA to a newly registered adviser
- Patrick Edward Walsh from Spearhead Capital Advisors, LLCApr 25, 2022 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Spearhead Capital Advisors, LLCDec 31, 2022 · Wellington, Fl
Private funds
11 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Spearhead Insurance Solutions Idf, LLC Series Cam | Hedge Fund | $139M | 1 | Aug 31, 2021 |
| Spearhead Insurance Solutions Idf, LLC Series Sl | Hedge Fund | $133M | 3 | Mar 29, 2024 |
| Spearhead Insurance Solutions Idf, LLC Series Neuberger Berman K-1 | Hedge Fund | $112M | 2 | Dec 21, 2022 |
| Zilker Multi-Strategies Insurance Dedicated Fund, LP Series II | Hedge Fund | $69.8M | 4 | Sep 28, 2017 |
| Zilker Multi-Strategies Insurance Dedicated Fund, LP Series I | Hedge Fund | $52.4M | 1 | Sep 28, 2017 |
| Spearhead Insurance Solutions Idf, LLC Series Neuberger Berman Private Debt | Hedge Fund | $33.0M | 1 | Mar 29, 2024 |
| Spearhead Insurance Solutions Idf, LLC Series Elm | Hedge Fund | $14.6M | 1 | Mar 29, 2024 |
| Spearhead Insurance Solutions Idf, LLC Series G | Other Private Fund | $12.5M | 1 | Mar 29, 2019 |
| Spearhead Insurance Solutions Idf, LLC Series Scl | Hedge Fund | $11.4M | 4 | Dec 21, 2022 |
| Spearhead Insurance Solutions Idf, LLC Series F3c | Hedge Fund | $1.4M | 1 | Mar 29, 2024 |
| Spearhead Insurance Solutions Idf, LLC Series H | Hedge Fund | $1.0M | 2 | Sep 28, 2016 |
Owners and control persons
Schedule A and B, latest filing
- Eugene Kenneth Foley · Ceocontrolsince 02/2022 · owns less than 5%
- Renee Alyson Kest · Ccocontrolsince 02/2022 · owns less than 5%
- Edward Patrick Walsh · Coocontrolsince 02/2022 · owns less than 5%
- Todd Jarrett Bostwick · Elected Managercontrolsince 01/2013 · owns F of Spearhead Strategic Partners, LLC
- Todd Jarrett Bostwick · Managing Membercontrolsince 01/2013 · owns 75% or more of Abstrum Partners, LLC
- Eugene Kenneth Foley · Managing Membercontrolsince 09/2023 · owns 75% or more of Whitlow, LLC
- Colleen Shapiro · Managing Membercontrolsince 05/2011 · owns 50% to 75% of Fieldstone II, LLC
- L Gary Shapiro · Managing Membercontrolsince 05/2011 · owns 50% to 75% of Fieldstone II, LLC
- Matthew Todd Walters · Elected Managercontrolsince 01/2013 · owns F of Spearhead Strategic Partners, LLC
- Matthew Todd Walters · Managing Membercontrolsince 01/2013 · owns 50% to 75% of New Vernon Financial, LLC
- Anne Tracey Walters · Managing Membercontrolsince 01/2013 · owns 50% to 75% of New Vernon Financial, LLC
Entity owners
- Fieldstone II, LLC · Ownerdirect · owns 25% to 50%
- Spearhead Strategic Partners, LLC · Ownerdirect · owns 50% to 75%
- Abstrum Partners, LLC · Ownerindirect · owns 25% to 50% of Spearhead Strategic Partners, LLC
- New Vernon Financial, LLC · Ownerindirect · owns 25% to 50% of Spearhead Strategic Partners, LLC
- Whitlow, LLC · Ownerdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Spearhead Capital Advisors, LLCinvestment advisernRAUM $1.9B
- Spearhead Idf Partners, LLCpooled vehicle sponsory
- Spearhead Insurance Solutions Idf, LLCpooled vehicle sponsory
Advisers that list Spearhead Administrative Services, LLC as a related person
- 161131 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Greenville, De · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Mar 30, 2026accounts (Item 5.F.2.f) moved from 507.0 to 813.0 (+60.0%) between the annual amendments of 2025-04-14 and 2026-03-30; the peer median change was +1.0% (56 comparable advisers, 91.0th percentile of changes)peers: other advisers, $1B to $5B (56) · 91% percentile
- private fund count surgeChange between filings · filing Mar 30, 2026private funds (Schedule D 7.B.1) moved from 14.0 to 22.0 (+57.0%) between the annual amendments of 2025-04-14 and 2026-03-30; the peer median change was 0.0% (73 comparable advisers, 96.0th percentile of changes)peers: other advisers, $1B to $5B (73) · 96% percentile
What changed
consecutive filings, newest first
- Private funds · 23 to 25Jul 2, 2026 to Aug 28, 2026
- Private funds · 22 to 23Mar 30, 2026 to May 28, 2026
- Accounts · 507 to 813Jul 31, 2025 to Mar 30, 2026
- Advisory employees · 5 to 3Jul 31, 2025 to Mar 30, 2026
- BD registered reps · 6 to 4Jul 31, 2025 to Mar 30, 2026
- Pooled vehicle clients · 14 to 22Jul 31, 2025 to Mar 30, 2026
- Assets in custody · $976M to $1.6BJul 31, 2025 to Mar 30, 2026
- Insurance-licensed employees · 2 to 0Jul 31, 2025 to Mar 30, 2026
- State-registered IARs · 7 to 5Jul 31, 2025 to Mar 30, 2026
- Private funds · 14 to 22Jul 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $2.2B to $3.8BJul 31, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $920M to $1.6BJul 31, 2025 to Mar 30, 2026
- RAUM · $2.2B to $3.8BJul 31, 2025 to Mar 30, 2026
- Financial planning clients · unset to Apr 14, 2025 to Jul 31, 2025
- Accounts · 293 to 507Jan 14, 2025 to Apr 14, 2025
- Pooled vehicle clients · 10 to 14Jan 14, 2025 to Apr 14, 2025
- Assets in custody · $550M to $976MJan 14, 2025 to Apr 14, 2025
- Private funds · 10 to 14Jan 14, 2025 to Apr 14, 2025
- Discretionary RAUM · $1.2B to $2.2BJan 14, 2025 to Apr 14, 2025
- Pooled vehicle RAUM · $568M to $920MJan 14, 2025 to Apr 14, 2025
- RAUM · $1.2B to $2.2BJan 14, 2025 to Apr 14, 2025
- Related adviser · true to falseJan 14, 2025 to Apr 14, 2025
- Discretionary RAUM · $1.2B to $1.2BMar 29, 2024 to May 13, 2024
- Pooled vehicle RAUM · $550M to $568MMar 29, 2024 to May 13, 2024
- RAUM · $1.2B to $1.2BMar 29, 2024 to May 13, 2024
- Accounts · 189 to 293Nov 9, 2023 to Mar 29, 2024
- Advisory employees · 3 to 5Nov 9, 2023 to Mar 29, 2024
- BD registered reps · 3 to 6Nov 9, 2023 to Mar 29, 2024
- Pooled vehicle clients · 5 to 10Nov 9, 2023 to Mar 29, 2024
- Assets in custody · $177M to $550MNov 9, 2023 to Mar 29, 2024
- Employees · 7 to 9Nov 9, 2023 to Mar 29, 2024
- Insurance-licensed employees · 0 to 2Nov 9, 2023 to Mar 29, 2024
- State-registered IARs · 5 to 7Nov 9, 2023 to Mar 29, 2024
- Private funds · 5 to 10Nov 9, 2023 to Mar 29, 2024
- Discretionary RAUM · $567M to $1.2BNov 9, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $177M to $550MNov 9, 2023 to Mar 29, 2024
- RAUM · $567M to $1.2BNov 9, 2023 to Mar 29, 2024
- Accounts · 124 to 189Dec 21, 2022 to Mar 31, 2023
- BD registered reps · 4 to 3Dec 21, 2022 to Mar 31, 2023
- Pooled vehicle clients · 3 to 5Dec 21, 2022 to Mar 31, 2023
Signals
7 dated events
- Spearhead Administrative Services, Llc reported RAUM $3.8B, up 78% from $2.2B (2025-07-31 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Spearhead Administrative Services, Llc reported RAUM $2.2B, up 77% from $1.2B (2025-01-14 to 2025-04-14)Apr 14, 2025 · RAUM change · derived
- Spearhead Administrative Services, Llc reported RAUM $1.2B, up 111% from $566.6M (2023-11-09 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- 2 advisors left Spearhead Capital Advisors, LLC (Wellington, FL) for Spearhead Administrative Services, LLC on the same dayDec 31, 2022 · Team lift-out · derived
- Colleen Shapiro (Managingmember) appeared on Schedule A of Spearhead Administrative Services, LlcSep 9, 2022 · Control person joined · fact
- L Gary Shapiro (Managingmember) appeared on Schedule A of Spearhead Administrative Services, LlcSep 9, 2022 · Control person joined · fact
- Spearhead Administrative Services, Llc filed its initial SEC registration (Form ADV)Mar 3, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Spearhead Administrative Services, LLC · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/spearhead-administrative-servicesreportedpublic record, Form ADV, Sep 17, 2026
- Website
- spearheadadmin.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 855-615-5318reportedpublic record, Form ADV, Aug 28, 2026
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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $766Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026