{
  "crd_number": 142633,
  "slug": "cannell-and-spears-llc-new-york-ny-142633",
  "primary_business_name": "CANNELL & SPEARS LLC",
  "legal_name": "CANNELL & SPEARS LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-01-03",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 6992200000.0,
  "raum_discretionary": 6801800000.0,
  "raum_non_discretionary": 190400000.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 40,
  "advisory_employees": 17,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 250300000.0,
      "count": 53
    },
    "individuals": {
      "raum": 112900000.0,
      "count": 457
    },
    "investment_companies": {
      "raum": 113900000.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 51000000.0,
      "count": 56
    },
    "high_net_worth_individuals": {
      "raum": 6220200000.0,
      "count": 1937
    },
    "pooled_investment_vehicles": {
      "raum": 12200000.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 231700000.0,
      "count": 43
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "ID",
    "IL",
    "LA",
    "MA",
    "MD",
    "ME",
    "MN",
    "MT",
    "NC",
    "NH",
    "NJ",
    "NM",
    "NY",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "TN",
    "TX",
    "VA",
    "VT",
    "WA"
  ],
  "websites": [
    "https://cannellspears.com",
    "https://linkedin.com/COMPANY/CANNELL-SPEARS",
    "https://thebeehiveetf.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142633",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/cannell-and-spears-llc-new-york-ny-142633",
  "display_name": "Cannell & Spears LLC",
  "summary": "Cannell & Spears LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Cannell & Spears LLC (CRD 142633): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Cannell & Spears LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cannell & Spears LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Cannell & Spears LLC located?",
      "a": "Cannell & Spears LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Cannell & Spears LLC registered with the SEC or a state?",
      "a": "Cannell & Spears LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142633."
    },
    {
      "q": "How much does Cannell & Spears LLC manage?",
      "a": "Cannell & Spears LLC reports $6,992,200,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (97% discretionary)."
    },
    {
      "q": "How have Cannell & Spears LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cannell & Spears LLC: Regulatory assets under management: $1,810,600,000 in the October 2021 data and $6,992,200,000 in the October 2026 data, up 286%. Total employees: 15 in October 2021 and 40 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cannell & Spears LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,937); individuals (other than high net worth individuals) (457); pension and profit sharing plans (but not the plan participants or government pension plans) (56)."
    },
    {
      "q": "Which custodians does Cannell & Spears LLC use?",
      "a": "Cannell & Spears LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Fiduciary Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Cannell & Spears LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142633"
    },
    {
      "q": "Does Cannell & Spears LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"The Minimum Investment required to establish a new advisory relationship with C& S is $2 million. This is negotiable at our discretion.\""
    },
    {
      "q": "What changed in Cannell & Spears LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $6,316,371,000 to $6,992,200,000 (+11%). Registered or notice-filed in LA, MT. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1810600000.0,
      "total_employees": 15,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2007200000.0,
      "total_employees": 17,
      "filing_date": "2022-03-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1671000000.0,
      "total_employees": 17,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 5856500000.0,
      "total_employees": 41,
      "filing_date": "2024-09-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 6316371000.0,
      "total_employees": 41,
      "filing_date": "2025-07-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 6992200000.0,
      "total_employees": 40,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $6,316,371,000 to $6,992,200,000 (+11%).",
        "Registered or notice-filed in LA, MT.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Added an office in Jupiter, FL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$2,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The Minimum Investment required to establish a new advisory relationship with C& S is $2 million. This is negotiable at our discretion."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 2000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Minimum Investment required to establish a new advisory relationship with C& S is $2 million. This is negotiable at our discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Fiduciary Trust Company",
      "name_as_filed": "FIDUCIARY TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/cannell-and-spears-llc-new-york-ny-142633.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 457,
      "fewer_than_5": false,
      "raum": 112900000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1937,
      "fewer_than_5": false,
      "raum": 6220200000.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 113900000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 12200000.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 56,
      "fewer_than_5": false,
      "raum": 51000000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 53,
      "fewer_than_5": false,
      "raum": 250300000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 43,
      "fewer_than_5": false,
      "raum": 231700000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142633",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}