{
  "crd_number": 314594,
  "slug": "spear-advisors-llc-314594",
  "primary_business_name": "SPEAR ADVISORS LLC",
  "legal_name": "SPEAR ADVISORS LLC",
  "dbas": [
    "SPEAR FUNDS",
    "SPEAR INVEST"
  ],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-05-24",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-05-04",
  "carried_forward": false,
  "raum_total": 181305017.0,
  "raum_discretionary": 181305017.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 181305017.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "periodicals_newsletters",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY"
  ],
  "websites": [
    "https://spear-funds.com",
    "https://spear-invest.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/314594",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/spear-advisors-llc-314594",
  "display_name": "Spear Advisors LLC",
  "summary": "Spear Advisors LLC is an SEC-registered investment advisory firm, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 4, 2026.",
  "citation": "AdvisorCensus. Spear Advisors LLC (CRD 314594): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Spear Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Spear Advisors LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Is Spear Advisors LLC registered with the SEC or a state?",
      "a": "Spear Advisors LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314594."
    },
    {
      "q": "How much does Spear Advisors LLC manage?",
      "a": "Spear Advisors LLC reports $181,305,017 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have Spear Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Spear Advisors LLC: Regulatory assets under management: $2,100,000 in the October 2021 data and $181,305,017 in the October 2026 data, up 8534%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Spear Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does Spear Advisors 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/314594"
    },
    {
      "q": "Does Spear Advisors LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 4, 2026 says: \"There are no minimum investment amounts or conditions required for establishing an account managed by Spear Advisors.\""
    },
    {
      "q": "What changed in Spear Advisors LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Regulatory assets under management went from $60,774,947 to $181,305,017 (+198%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2100000.0,
      "total_employees": 1,
      "filing_date": "2021-09-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3220125.0,
      "total_employees": 1,
      "filing_date": "2022-09-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 8740348.0,
      "total_employees": 1,
      "filing_date": "2023-09-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 8740348.0,
      "total_employees": 1,
      "filing_date": "2023-09-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 67763750.0,
      "total_employees": 1,
      "filing_date": "2024-10-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 181305017.0,
      "total_employees": 1,
      "filing_date": "2026-05-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Regulatory assets under management went from $60,774,947 to $181,305,017 (+198%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Regulatory assets under management went from $67,763,750 to $60,774,947 (-10%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 4, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There are no minimum investment amounts or conditions required for establishing an account managed by Spear Advisors."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "There are no minimum investment amounts or conditions required for establishing an account managed by Spear Advisors."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/spear-advisors-llc-314594.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 181305017.0
    }
  ],
  "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/314594",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}