{"url":"https://nivawealth.com/firms/spectrum-asset-management-300463","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/300463","regulatoryAum":18296351612,"crd":"300463","secFileNumber":"801-30405","legalName":"Spectrum Asset Management, Inc.","displayName":"Spectrum Asset Management","website":null,"founded":null,"organization":"Connecticut corporation","fiscalYearEnd":"December","headquarters":{"street":"2 High Ridge Park","city":"Stamford","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06905"},"tradeNames":["Principal Global Investors Dba Principal Asset Management"],"registration":{"secApproved":"28 September 1987","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":27,"advisory":14,"brokerDealerReps":20,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":13912453814,"discretionaryAccounts":51,"nonDiscretionary":4383897798,"nonDiscretionaryAccounts":23,"wrapProgram":5271023199,"nonUsClientsPct":20,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":1,"regulatoryAum":4524455},{"label":"Investment companies","clients":7,"regulatoryAum":8083367608},{"label":"Pooled investment vehicles","clients":10,"regulatoryAum":4307704040},{"label":"Insurance companies","clients":6,"regulatoryAum":485455288},{"label":"Corporations and other businesses","clients":50,"regulatoryAum":5415300221}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Bank of America Merrill Lynch","shortName":"Bank of America Merrill Lynch","location":"Pennington, NJ","smaAssets":1582978437},{"name":"Morgan Stanley","shortName":"Morgan Stanley","location":"Purchase, NY","smaAssets":1103423557},{"name":"Universal - Investment Gesellschaft MBH","shortName":"Universal - Investment Gesellschaft MBH","location":"Frankfurt/Main","smaAssets":696566263}],"custodyNote":"Spectrum Asset Management has custody of $33.3M for 1 clients.","otherCustodians":[],"leadership":[{"name":"Mark Lieb","title":"President & Chief Executive Officer","crd":"853490"},{"name":"Jean Orlando","title":"Financial Operations Principal & Chief Financial Officer","crd":"1197909"},{"name":"Matthew Byer","title":"Executive Director & Chief Operating Officer","crd":"3120607"},{"name":"Joseph Hanczor","title":"Managing Director & Chief Compliance Officer","crd":"5200684"},{"name":"Lewis Jacoby","title":"Executive Director & Chief Investment Officer","crd":"1238147"}],"ownership":[{"label":"Principal Global Investors Holding Company (us), LLC","detail":"Owner in the 75% or more ownership band and a control person, since May 2017."},{"label":"Principal Financial Group Inc.","detail":"Indirect owner: a 100% owner of Principal Financial Services Inc. in the 75% or more band and a control person, since October 2001.","parent":"Principal Financial Services Inc."},{"label":"Principal Financial Services Inc.","detail":"Indirect owner: a 100% owner of Principal Global Investors Holding Company (us), LLC in the 75% or more band and a control person, since October 2001.","parent":"Principal Global Investors Holding Company (us), LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":2},"listedOfficeAddresses":2,"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"2 High Ridge Park","city":"Stamford","headquarters":true}]},{"state":"Florida","offices":1,"addresses":[{"street":"1395 Brickell Avenue","city":"Miami"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-322-0189","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["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"],"financialPlanningClients":"0","assetMix":[{"label":"Investment grade corporate bonds","percent":93},{"label":"Non-investment grade corporate bonds","percent":4},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":1},"sources":{"adv1FilingDate":"5 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/300463/PDF/300463.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Spectrum Asset Management have?","answer":"Spectrum Asset Management has 74 clients and manages $18.3 billion for them, as of August 2026. They include 50 corporations and other businesses, 10 pooled investment vehicles and 7 investment companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Spectrum Asset Management offer?","answer":"Spectrum Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Spectrum Asset Management use?","answer":"Spectrum Asset Management’s separately managed account assets are held at Bank of America Merrill Lynch (Pennington, NJ), with $1,582,978,437, Morgan Stanley (Purchase, NY), with $1,103,423,557 and Universal - Investment Gesellschaft MBH (Frankfurt/Main), with $696,566,263. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Spectrum Asset Management have?","answer":"Spectrum Asset Management has 3 investment adviser representatives registered with state securities authorities, out of 27 employees, and 14 perform investment advisory functions. 20 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Spectrum Asset Management invest in?","answer":"At the end of its last fiscal year, Spectrum Asset Management’s separately managed accounts held 93% investment grade corporate bonds, 4% high-yield corporate bonds and 3% cash and equivalents. It advises 1 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Spectrum Asset Management?","answer":"Spectrum Asset Management is owned through a chain of holding companies by Principal Financial Group Inc. Its direct owner is Principal Global Investors Holding Company (us), LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Spectrum Asset Management get paid?","answer":"Spectrum 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/spectrum-asset-management-300463/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-04","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1318293/000131829326000003/0001318293-26-000003-index.html","totalValue":69629715,"positionCount":4,"top10Share":1,"top10":[{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"PFD ETF","cusip":"46138E511","value":53690814,"shares":4953026,"shareType":"SH","priorValue":42461870,"priorShares":3902745},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"VAR RATE PFD","cusip":"46138G870","value":10837005,"shares":445782,"shareType":"SH","priorValue":2544826,"priorShares":106122},{"issuer":"WELLS FARGO & CO","titleOfClass":"PERP PFD CNV A","cusip":"949746804","value":3976609,"shares":3437,"shareType":"SH","priorValue":3969735,"priorShares":3437},{"issuer":"BANK OF AMER CORP","titleOfClass":"7.25%CNV PFD L","cusip":"060505682","value":1125287,"shares":897,"shareType":"SH","priorValue":1068829,"priorShares":897}],"positionsListed":4,"positions":[{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"PFD ETF","cusip":"46138E511","value":53690814,"shares":4953026,"shareType":"SH","priorValue":42461870,"priorShares":3902745},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"VAR RATE PFD","cusip":"46138G870","value":10837005,"shares":445782,"shareType":"SH","priorValue":2544826,"priorShares":106122},{"issuer":"WELLS FARGO & CO","titleOfClass":"PERP PFD CNV A","cusip":"949746804","value":3976609,"shares":3437,"shareType":"SH","priorValue":3969735,"priorShares":3437},{"issuer":"BANK OF AMER CORP","titleOfClass":"7.25%CNV PFD L","cusip":"060505682","value":1125287,"shares":897,"shareType":"SH","priorValue":1068829,"priorShares":897}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}