# Spectrum Asset Management, Inc.

> Spectrum Asset Management, Inc. is an SEC-registered investment advisory firm in Stamford, CT, registered since 1987, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 5, 2026.

- CRD: 300463
- Filed as: SPECTRUM ASSET MANAGEMENT, INC.
- Also doing business as: PRINCIPAL GLOBAL INVESTORS DBA PRINCIPAL ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Stamford, CT
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/300463
- AdvisorCensus page: https://advisorcensus.com/firm/spectrum-asset-management-inc-stamford-ct-300463

## Quick answers

**How is Spectrum Asset Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Spectrum Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Spectrum Asset Management, Inc. located?**
Spectrum Asset Management, Inc.'s principal office is in Stamford, CT, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Spectrum Asset Management, Inc. registered with the SEC or a state?**
Spectrum Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 300463.

**How much does Spectrum Asset Management, Inc. manage?**
Spectrum Asset Management, Inc. reports $18,296,351,612 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (76% discretionary).

**How have Spectrum Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Spectrum Asset Management, Inc.: Regulatory assets under management: $27,121,705,847 in the October 2021 data and $18,296,351,612 in the October 2026 data, down 33%. Total employees: 22 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Spectrum Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (50); pooled investment vehicles (other than investment companies and business development companies) (10); investment companies (7).

**Which custodians does Spectrum Asset Management, Inc. use?**
Spectrum Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of America Merrill Lynch, Morgan Stanley and Universal - Investment Gesellschaft MBH as custodians holding 10% or more of its separately managed account assets.

**Does Spectrum Asset Management, Inc. report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/300463

**Does Spectrum Asset Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated August 5, 2026 says: "Generally, the minimum account size for opening and maintaining an account is $25 million."

**What changed in Spectrum Asset Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 12 to 14.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated August 5, 2026)

- Account minimum: $25,000,000

> Generally, the minimum account size for opening and maintaining an account is $25 million.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Bank of America Merrill Lynch
- Morgan Stanley
- Universal - Investment Gesellschaft MBH

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.

### Regulatory assets under management (Item 5.F)
- Total: $18,296,351,612
- Discretionary: $13,912,453,814
- Non-discretionary: $4,383,897,798

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1 | $4,524,455 |
| Investment companies | 7 | $8,083,367,608 |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $4,307,704,040 |
| Insurance companies | 6 | $485,455,288 |
| Corporations or other businesses not listed above | 50 | $5,415,300,221 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1987 (39 years)
- Employees: 27 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/300463

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- samipfd.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $27,121,705,847 | 22 | October 1, 2021 |
| October 2022 | $28,520,870,690 | 24 | July 20, 2022 |
| October 2023 | $21,428,748,509 | 24 | April 14, 2023 |
| October 2024 | $19,017,299,092 | 25 | April 19, 2024 |
| October 2025 | $19,682,004,203 | 26 | April 10, 2025 |
| October 2026 | $18,296,351,612 | 27 | August 5, 2026 |

Regulatory assets under management: $27,121,705,847 in the October 2021 data and $18,296,351,612 in the October 2026 data, down 33%.
Total employees: 22 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 12 to 14.

### March 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Spectrum Asset Management, Inc. (CRD 300463): Form ADV filing data as of October 2026.