{
  "crd_number": 105618,
  "slug": "spectrum-financial-inc-virginia-beach-va-105618",
  "primary_business_name": "SPECTRUM FINANCIAL INC",
  "legal_name": "SPECTRUM FINANCIAL INC",
  "dbas": [],
  "city": "Virginia Beach",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "47260",
  "metro": {
    "cbsa_code": "47260",
    "common_name": "Virginia Beach",
    "msa_name": "Virginia Beach-Chesapeake-Norfolk, VA-NC",
    "path": "/advisors/va/virginia-beach"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1988-12-30",
  "years_registered": 37,
  "period": "2026-10-01",
  "filing_date": "2026-03-19",
  "carried_forward": false,
  "raum_total": 236484223.0,
  "raum_discretionary": 236484223.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 89558.0,
      "count": 3,
      "description": "TRUST ACCOUNTS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 2692389.0,
      "count": 9
    },
    "individuals": {
      "raum": 34392755.0,
      "count": 213
    },
    "investment_companies": {
      "raum": 192549210.0,
      "count": 3
    },
    "pension_profit_sharing": {
      "raum": 1896701.0,
      "count": 2,
      "fewer_than_5": true
    },
    "corporations_other_businesses": {
      "raum": 4863610.0,
      "count": 4,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "CA",
    "CT",
    "FL",
    "GA",
    "IL",
    "MD",
    "NY",
    "PA",
    "TX",
    "VA"
  ],
  "websites": [
    "https://investspectrum.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105618",
  "city_as_filed": "VIRGINIA BEACH",
  "url": "https://advisorcensus.com/firm/spectrum-financial-inc-virginia-beach-va-105618",
  "display_name": "Spectrum Financial Inc",
  "summary": "Spectrum Financial Inc is an SEC-registered investment advisory firm in Virginia Beach, VA, registered since 1988, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 19, 2026.",
  "citation": "AdvisorCensus. Spectrum Financial Inc (CRD 105618): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Spectrum Financial Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Spectrum Financial Inc reports these compensation arrangements: a percentage of assets under its management; other."
    },
    {
      "q": "Where is Spectrum Financial Inc located?",
      "a": "Spectrum Financial Inc's principal office is in Virginia Beach, VA, according to its Form ADV."
    },
    {
      "q": "Is Spectrum Financial Inc registered with the SEC or a state?",
      "a": "Spectrum Financial Inc is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 105618."
    },
    {
      "q": "How much does Spectrum Financial Inc manage?",
      "a": "Spectrum Financial Inc reports $236,484,223 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary)."
    },
    {
      "q": "How have Spectrum Financial Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Spectrum Financial Inc: Regulatory assets under management: $415,802,352 in the October 2021 data and $236,484,223 in the October 2026 data, down 43%. Total employees: 5 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Spectrum Financial Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (213); charitable organizations (9); corporations or other businesses not listed above (4)."
    },
    {
      "q": "Which custodians does Spectrum Financial Inc use?",
      "a": "Spectrum Financial Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists NFS as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Spectrum Financial Inc 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/105618"
    },
    {
      "q": "Does Spectrum Financial Inc state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 19, 2026 says: \"Although Spectrum Financial reserves the right to accept accounts below $50,000, the recommended minimum account size per contract is $50,000.\""
    },
    {
      "q": "What changed in Spectrum Financial Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $266,263,591 to $236,484,223 (-11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 415802352.0,
      "total_employees": 5,
      "filing_date": "2021-07-21"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 402578754.0,
      "total_employees": 6,
      "filing_date": "2022-04-14"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 370399055.0,
      "total_employees": 6,
      "filing_date": "2023-03-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 292322759.0,
      "total_employees": 6,
      "filing_date": "2024-03-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 266263591.0,
      "total_employees": 9,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 236484223.0,
      "total_employees": 9,
      "filing_date": "2026-03-19"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $266,263,591 to $236,484,223 (-11%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 19, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$50,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $50,000"
        ],
        "quotes": [
          "Although Spectrum Financial reserves the right to accept accounts below $50,000, the recommended minimum account size per contract is $50,000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 50000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Although Spectrum Financial reserves the right to accept accounts below $50,000, the recommended minimum account size per contract is $50,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "NFS",
      "name_as_filed": "NFS",
      "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/spectrum-financial-inc-virginia-beach-va-105618.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 213,
      "fewer_than_5": false,
      "raum": 34392755.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 192549210.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1896701.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 9,
      "fewer_than_5": false,
      "raum": 2692389.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": true,
      "raum": 4863610.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 3,
      "fewer_than_5": true,
      "raum": 89558.0
    }
  ],
  "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/105618",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}