Spearhead Administrative Services provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. The firm advises 25 private funds.
Spearhead Administrative Services reports 28 clients. They include 22 pooled investment vehicles and 6 insurance companies. Of its assets, 100.0% ($3.83B across 813 accounts) are managed with discretion. Of its clients, 17% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 79% | 42% |
| Insurance companies | 21% | 58% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 22 | $1.62B | 42.4% | $73.8M |
| Insurance companies | 6 | $2.2B | 57.6% | $367M |
| Total | 28 | $3.83B | 100% | $137M |
- Clients
- 22
- Regulatory AUM
- $1.62B
- AUM share
- 42.4%
- Avg. per client
- $73.8M
- Clients
- 6
- Regulatory AUM
- $2.2B
- AUM share
- 57.6%
- Avg. per client
- $367M
Total
- Clients
- 28
- Regulatory AUM
- $3.83B
- AUM share
- 100%
- Avg. per client
- $137M
- Clients outside the U.S.
- 17%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 25
Spearhead Administrative Services is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Spearhead Strategic Partners, LLC owns 50% to 75% of Spearhead Administrative Services and is in turn owned by Abstrum Partners, LLC (50–75%) and Todd Walters (50–75%). It has 9 employees, 3 of them in advisory roles.
Leadership
- Kenneth FoleyCEO
- Alyson KestCCO
- Patrick WalshCOO
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Kenneth Eugene Foley Jr
- Christopher Kentimenos
- Alyson Renee Kest
- David Cook Reynolds
- Patrick Edward Walsh
Staff
- 9 employees
- 3 in advisory functions
- 5 state-registered reps
- 4 broker-dealer reps
- 2 insurance agents
- 1 soliciting firm
- Owns 50% to 75% of Spearhead Administrative Services, LLC
Spearhead Strategic Partners, LLC
Control person · since August 2021
- Owns 50% to 75% of Spearhead Strategic Partners, LLC
Abstrum Partners, LLC
Control person · since January 2013
- Owns 75% or more of Abstrum Partners, LLC
Jarrett Bostwick
Control person · since January 2013
- Owns 50% to 75% of Spearhead Strategic Partners, LLC
Todd Walters
Control person · since December 2024
- Owns 25% to 50% of Spearhead Administrative Services, LLC
Fieldstone II, LLC
Control person · since June 2022
- Owns 50% to 75% of Fieldstone II, LLC
Colleen Shapiro
Control person · since May 2011
- Owns 50% to 75% of Fieldstone II, LLC
Gary Shapiro
Control person · since May 2011
- Owns 10% to 25% of Spearhead Administrative Services, LLC
Whitlow, LLC
since December 2023
- Owns 75% or more of Whitlow, LLC
Kenneth Foley
Control person · since September 2023
Spearhead Administrative Services’ regulatory assets grew 8.3× from $460M (July 2022) to $3.83B (August 2026); clients rose from 8 to 28 and employees from 7 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $3.83B | 28 | 9 | 4 |
| July 2025 | $2.16B | 19 | 9 | 4 |
| July 2024 | $1.22B | 15 | 9 | 4 |
| April 2023 | $567M | 10 | 7 | 4 |
| July 2022 | $460M | 8 | 7 | 4 |
Besides its headquarters, Spearhead Administrative Services has 3 offices (3 private residences, listed without an address), with 1 listed address in Delaware.
Delaware · 1 listed address
- 3828 Kennett Pike, Suite 202, GreenvilleHQ
Contact and registration details
- Legal name
- Spearhead Administrative Services, LLC
- Headquarters
- 3828 Kennett Pike, Suite 202, Greenville, DE 19807
- Website
- spearheadadmin.com
- Phone
- 855-615-5318
- SEC file
- 801-123610
- Structure
- Delaware LLC
- Fiscal year end
- December
Spearhead Administrative Services uses Charles Schwab ($787M, 65%) and Fidelity ($420M, 35%) as custodians for its separately managed accounts. Spearhead Administrative Services has custody of $1.62B in client assets for 22 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $787M65%
- FidelityFidelity Brokerage Services LLC · Smith, RI · $420M35%
At year end, Spearhead Administrative Services’ separately managed accounts were mostly in funds (76%) and stocks (10%).
What the accounts hold
- Stocks10%
- Funds76%
- Pooled vehicles45%
- Registered funds31%
- Bonds5%
- Investment grade corporate bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash9%
How many clients does Spearhead Administrative Services have?
Spearhead Administrative Services has 28 clients and manages $3.83 billion for them, as of August 2026. They include 22 pooled investment vehicles and 6 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026
What services does Spearhead Administrative Services offer?
Spearhead Administrative Services provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Spearhead Administrative Services use?
Spearhead Administrative Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $787M and Fidelity Brokerage Services LLC (Smith, RI), with $420M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026
How many financial advisors does Spearhead Administrative Services have?
Spearhead Administrative Services has 5 investment adviser representatives registered with state securities authorities, out of 9 employees, and 3 perform investment advisory functions. 4 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 Spearhead Administrative Services invest in?
At the end of its last fiscal year, Spearhead Administrative Services’ separately managed accounts held 45% pooled vehicles (private funds and similar), 31% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 9% cash and equivalents, 2% investment grade corporate bonds, 1% U.S. government and agency bonds, 1% state and local bonds and 1% high-yield corporate bonds. It advises 25 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Spearhead Administrative Services?
Spearhead Administrative Services is owned through a chain of holding companies by Jarrett Bostwick, Todd Walters, Colleen and Gary Shapiro, and Kenneth Foley. Its direct owners are Spearhead Strategic Partners, LLC (50% to 75%), Fieldstone II, LLC (25% to 50%) and Whitlow, LLC (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 August 2026
How does Spearhead Administrative Services get paid?
Spearhead Administrative Services is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions 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 Spearhead Administrative Services?
Spearhead Administrative Services’ main office is at 3828 Kennett Pike, Suite 202, Greenville, DE 19807. Its phone number is 855-615-5318. Its website is spearheadadmin.com.