SP Asset Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 1 private fund.
SP Asset Management reports 211 clients. They include 207 high-net-worth individuals, 3 corporations and other businesses, and 1 pooled investment vehicle. Of its assets, 77.3% ($1.47B across 743 accounts) are managed with discretion; $429M across 154 accounts are not. Of its clients, 5% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 98% | 97% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Corporations and other businesses | 1% | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 207 | $1.84B | 96.8% | $8.87M |
| Pooled investment vehicles | 1 | $14.3M | 0.8% | $14.3M |
| Pension and profit-sharing plans | Fewer than 5 | $1.67M | 0.1% | — |
| Corporations and other businesses | 3 | $43.7M | 2.3% | $14.6M |
| Total | 211 | $1.9B | 100% | — |
- Clients
- 207
- Regulatory AUM
- $1.84B
- AUM share
- 96.8%
- Avg. per client
- $8.87M
- Clients
- 1
- Regulatory AUM
- $14.3M
- AUM share
- 0.8%
- Avg. per client
- $14.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.67M
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 3
- Regulatory AUM
- $43.7M
- AUM share
- 2.3%
- Avg. per client
- $14.6M
Total
- Clients
- 211
- Regulatory AUM
- $1.9B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 5%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 101–250
SP Asset Management charges 0.25%–1.00% a year for its Investment Management Services. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Fixed fee for financial planning that starts at $10,000 or higher, depending on the complexity of the services; negotiable, invoiced on completion.
Sandeep Pandya owns 75% or more of SP Asset Management. Sandeep Pandya is CEO; the leadership team includes Chief Compliance Officer Sandeep Pandya. It has 3 employees.
Leadership
- Sandeep PandyaChief Executive Officer
- Sandeep PandyaChief Compliance Officer
- Ruchi PandyaTrustee
- Mihir PandyaTrustee
- Parul PandyaOwner
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Lucas Andrew Mosher
- Sandeep Madhavlal Pandya
- Razvan Christian Raicu JR.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 75% or more of SP Asset Management LLC
Sandeep Pandya
Control person · since January 2022
- Owns 5% to 10% of SP Asset Management LLC
Parul Pandya
since January 2022
- Owns 5% to 10% of SP Asset Management LLC
RP Irrevocable Trust Dated March 29, 2025
since March 2025
- Owns 5% to 10% of SP Asset Management LLC
RP Irrevocable Trust Dated March
since March 2025
- Owns 5% to 10% of SP Asset Management LLC
MP Irrevocable Trust Dated March 29, 2025
since March 2025
- Owns 5% to 10% of SP Asset Management LLC
MP Irrevocable Trust Dated March
since March 2025
SP Asset Management’s regulatory assets grew 1.8× from $1.07B (April 2023) to $1.9B (March 2026); clients rose from 180 to 211 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.9B | 211 | 3 | 1 |
| May 2025 | $1.71B | 190 | 3 | 1 |
| March 2024 | $1.39B | 178 | 3 | 1 |
| April 2023 | $1.07B | 180 | 3 | 1 |
Besides its headquarters, SP Asset Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 20380 Town Center Lane, Ste 205, CupertinoHQ
Contact and registration details
- Legal name
- SP Asset Management LLC
- Headquarters
- 20380 Town Center Lane, Ste 205, Cupertino, CA 95014
- Website
- spassetmanagement.net
- Phone
- 408-257-7711
- SEC file
- 801-126698
- Structure
- California LLC
- Fiscal year end
- December
SP Asset Management uses Fidelity ($1.6B, 85%) and Charles Schwab ($277M, 15%) as custodians for its separately managed accounts. SP Asset Management has custody of $1.82B in client assets for 209 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.6B85%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $277M15%
At year end, SP Asset Management’s separately managed accounts were mostly in stocks (50%) and funds (28%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.25B across 137 positions; the largest are Meta Platforms Inc. (15.4%), Apple Inc. (5.2%) and Vanguard Index Fds (5.1%).
What the accounts hold
- Stocks50%
- Funds28%
- Pooled vehicles18%
- Registered funds10%
- Bonds14%
- U.S. government and agency bonds8%
- Investment grade corporate bonds4%
- State and local bonds2%
- Cash8%
Reported 13F holdings
- $1.25B
- Reported 13F value
- 137
- Positions
- 53.1%
- In the 10 largest
- +10.0%
- Value vs. prior quarter
- Meta Platforms Inc. · CL A15.4%
- Apple Inc.5.2%
- Vanguard Index Fds · Growth ETF5.1%
- Berkshire Hathaway Inc. Del · CL B New4.6%
- Unitedhealth Group Inc.4.6%
- Abbvie Inc.4.6%
- Alphabet Inc. · Cap Stk CL A4.3%
- Vanguard Index Fds · Mid Cap ETF3.4%
- iShares TR · Expanded Tech3.2%
- Microsoft Corp.2.8%
Together, the ten largest are 53.1% of reported value.
How many clients does SP Asset Management have?
SP Asset Management has 211 clients and manages $1.9 billion for them, as of March 2026. They include 207 high-net-worth individuals, 3 corporations and other businesses, and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does SP Asset Management offer?
SP Asset Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does SP Asset Management charge?
SP Asset Management charges 0.25%–1.00% a year for its Investment Management Services. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Source: SP ASSET MANAGEMENT LLC BROCHURE, filed 30 March 2026
Which custodians does SP Asset Management use?
SP Asset Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.6B and Charles Schwab & Co., Inc. (San Francisco, CA), with $277M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does SP Asset Management have?
SP Asset Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does SP Asset Management invest in?
At the end of its last fiscal year, SP Asset Management’s separately managed accounts held 50% exchange-traded equities, 18% pooled vehicles (private funds and similar), 10% registered funds (mutual funds, ETFs, BDCs), 8% U.S. government and agency bonds, 8% cash and equivalents, 4% investment grade corporate bonds and 2% state and local bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SP Asset Management?
SP Asset Management’s direct owners are Sandeep Pandya (75% or more), Parul Pandya (5% to 10%), RP Irrevocable Trust Dated March 29, 2025 (5% to 10%), RP Irrevocable Trust Dated March (5% to 10%), MP Irrevocable Trust Dated March 29, 2025 (5% to 10%) and MP Irrevocable Trust Dated March (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does SP Asset Management get paid?
SP Asset Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact SP Asset Management?
SP Asset Management’s main office is at 20380 Town Center Lane, Ste 205, Cupertino, CA 95014. Its phone number is 408-257-7711. Its website is spassetmanagement.net.