Spencer Financial Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Spencer Financial Advisors provides portfolio management to individual and high‑net‑worth clients and prepares an Investment Policy Statement for each account. The firm advises on asset allocation, security selection and ongoing monitoring across mutual funds, equities, ETFs, fixed‑income securities and options.
The firm employs fundamental analysis and implements both long‑term and short‑term trading strategies, including the use of margin and various options strategies when appropriate. While the adviser requests discretionary authority, the brochure shows approximately $13 million managed on a non‑discretionary basis versus about $2 million discretionary, so most assets are managed with client approval of transactions.
Noteworthy for an independent adviser, Spencer Financial Advisors maintains an unusually high proportion of non‑discretionary assets, which means clients typically retain final approval of trades more often than is typical for peers. The firm also does not participate in wrap fee programs, does not accept performance‑based fees, and reports that it does not aggregate block trades for multiple client accounts, which can affect execution and transaction timing relative to many peers.
Client services
Expertise
Fee options
0.0025% annually
Main office
Plymouth MN
Advisors at this office
1
Most active in
Minnesota
Also doing business as
Arch William Spencer Iii · Spencer Financial Advisors
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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