{"url":"https://nivawealth.com/firms/spectrum-financial-105618","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/105618","regulatoryAum":236484223,"crd":"105618","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"70839","suffix":null,"lastName":"DOUDERA","firstName":"RALPH","middleName":"JOHN"},{"crd":"6171182","suffix":null,"lastName":"Frazier","firstName":"EMILY","middleName":"MICHELLE"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-21","regulatoryAum":415802352,"clients":239,"employees":5,"offices":1},{"filedOn":"2022-04-14","regulatoryAum":402578754,"clients":254,"employees":6,"offices":1},{"filedOn":"2023-03-15","regulatoryAum":370399055,"clients":253,"employees":6,"offices":1},{"filedOn":"2024-03-19","regulatoryAum":292322759,"clients":243,"employees":6,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":266263591,"clients":244,"employees":9,"offices":1},{"filedOn":"2026-03-19","regulatoryAum":236484223,"clients":234,"employees":9,"offices":1}],"secFileNumber":"801-33311","legalName":"Spectrum Financial Inc","displayName":"Spectrum Financial","slug":"spectrum-financial-105618","website":"https://investspectrum.com/","classification":{"segment":"registered_funds","segmentLabel":"Fund management","type":"fund_manager","typeLabel":"Mutual funds & ETFs","feeDisclosure":"payment_only"},"founded":null,"organization":"Virginia corporation","fiscalYearEnd":"December","headquarters":{"street":"272 Bendix Road, Ste 600","city":"Virginia Beach","state":"VA","stateName":"Virginia","country":"United States","postalCode":"23452"},"tradeNames":[],"registration":{"secApproved":"30 December 1988","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":161468.33333333334,"staff":{"employees":9,"advisory":5,"brokerDealerReps":2,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":236484223,"discretionary":236484223,"discretionaryAccounts":454,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":213,"regulatoryAum":34392755},{"label":"Investment companies","clients":3,"regulatoryAum":192549210},{"label":"Pension and profit-sharing plans","clients":2,"fewerThan5":true,"regulatoryAum":1896701},{"label":"Charitable organizations","clients":9,"regulatoryAum":2692389},{"label":"Corporations and other businesses","clients":4,"fewerThan5":true,"regulatoryAum":4863610},{"label":"Other","clients":3,"fewerThan5":true,"regulatoryAum":89558}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"New York, NY","smaAssets":34318408}],"custodyNote":"Spectrum Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Mary Collins","title":"President","crd":"1838058"},{"name":"Mary Collins","title":"Chief Compliance Officer","crd":"1838058"},{"name":"Ralph Doudera","title":"CEO","crd":"70839"}],"ownership":[{"label":"Ralph Doudera","detail":"Ceo in the 75% or more ownership band and a control person, since March 2003."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Virginia","offices":1,"addresses":[{"street":"272 Bendix Road, Ste 600","city":"Virginia Beach","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"757-463-7600","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":78},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":18,"detail":"Annuity Or Uvl Accounts."}],"privateFunds":0},"sources":{"adv1FilingDate":"19 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/105618/PDF/105618.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Spectrum Financial have?","answer":"Spectrum Financial has 234 clients and manages $236 million for them, as of March 2026. They include 213 individuals, 9 charitable organizations, and 4 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Spectrum Financial offer?","answer":"Spectrum Financial provides portfolio management for individuals and small businesses and portfolio management for investment companies.","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 Financial use?","answer":"Spectrum Financial’s separately managed account assets are held at National Financial Services LLC (New York, NY), with $34.3M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Spectrum Financial have?","answer":"Spectrum Financial has 2 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 0 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Spectrum Financial invest in?","answer":"At the end of its last fiscal year, Spectrum Financial’s separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 18% other, 3% cash and equivalents and 1% exchange-traded equities. The 18% other category is described as: Annuity Or Uvl Accounts.","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 Financial?","answer":"Spectrum Financial’s direct owner is Ralph Doudera (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Spectrum Financial get paid?","answer":"Spectrum Financial is paid through a percentage of assets under management and other compensation. 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"}},{"question":"How do I contact Spectrum Financial?","answer":"Spectrum Financial’s main office is at 272 Bendix Road, Ste 600, Virginia Beach, VA 23452. Its phone number is 757-463-7600. Its website is investspectrum.com.","source":"Form ADV Part 1A, Item 1.F, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva 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."}