SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Cannell & Spears LLC
New York, NY
CRD 142633
Firm filing updated March 30, 2026 ·
- $7BAssets
- 2,549Clients
- 17Advisory staff
- 2,577Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- High net worth individuals1,937
- Individuals457
- Pension and profit sharing plans56
- Charities53
- Corporations or other businesses43
- and 2 more3
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 457 | $112.9 million |
| High net worth individuals | 1,937 | $6.2 billion |
| Investment companies | 1 | $113.9 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $12.2 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 56 | $51.0 million |
| Charitable organizations | 53 | $250.3 million |
| Corporations or other businesses not listed above | 43 | $231.7 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
See all 7 services
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
- Other: "REVIEW OF ASSET ALLOCATION"
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment 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 advisors (including private fund managers)
- Other: "REVIEW OF ASSET ALLOCATION"
Assets and accounts
- Regulatory assets$7.0 billion
- Accounts2,577
- Discretionary$6.8 billion · 2,528 accounts
- Non-discretionary$190.4 million · 49 accounts
People
- Employees40
- Advisory staff17
- Broker-dealer reps2
- Licensed insurance agents0
- Planning clients0
Advisors
14 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 142633, SEC file 801-67401.
- Registered with the SEC as an investment advisor (status date on record: January 3, 2007).
Is Cannell & Spears LLC a fiduciary?
Short answer: Cannell & Spears LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 2 staff are broker-dealer representatives. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.