Spectrum Financial Resources provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Spectrum Financial Resources reports 723 clients. They include 584 individual clients and 139 high-net-worth individuals. Of its assets, 37.2% ($87.5M across 348 accounts) are managed with discretion; $148M across 814 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 61% |
| High-net-worth individuals | 19% | 39% |
| Charitable organizations | Fewer than 5 | <1% |
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 |
|---|---|---|---|---|
| Individuals (other than HNW) | 584 | $144M | 61.1% | $246K |
| High-net-worth individuals | 139 | $91.5M | 38.9% | $658K |
| Charitable organizations | Fewer than 5 | $97.9K | 0.0% | — |
| Total | 723 | $235M | 100% | — |
- Clients
- 584
- Regulatory AUM
- $144M
- AUM share
- 61.1%
- Avg. per client
- $246K
- Clients
- 139
- Regulatory AUM
- $91.5M
- AUM share
- 38.9%
- Avg. per client
- $658K
- Clients
- Fewer than 5
- Regulatory AUM
- $97.9K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 723
- Regulatory AUM
- $235M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Spectrum Financial Resources charges 1.00%–2.00% a year for its Portfolio Management. The fee is billed in arrears and is negotiable. The brochure also prices 5 other services, listed under fee details.
Fee details and sources
Other fees
- Advisory Consulting
- Consulting sessions are billed at the firm's hourly rate of $75, payable at the end of each session.
- Financial Planning
- Comprehensive plan fees are $1,500 for assets under $500,000, $3,500 for $500,000 to $1,000,000, $7,500 for $1,000,001 to $2,000,000, and negotiable above $2,000,000.
- Individual Employer Sponsored Retirement Plan Accounts
- Annual fees run from $300 (up to $100,000) to $3,200 ($1,500,001 to $2,000,000), billed quarterly in arrears; all fees are subject to negotiation.
- Tax Preparation
- Tax preparation by the firm principal is billed for a fee separate from the advisory fee.
- Variable Annuity and Life Insurance Accounts
- Portfolio management for variable annuity and life insurance accounts is billed quarterly in arrears at 2.00% up to $500,000 down to 1.00% for $1,000,001 to $5,000,000, or a level fee, all subject to negotiation.
Daniel Hoban owns 50% to 75% of Spectrum Financial Resources. The leadership team of Spectrum Financial Resources includes Chief Compliance Officer Daniel Hoban. It has 6 employees, 5 of them in advisory roles.
Staff
- 6 employees
- 5 in advisory functions
- 5 state-registered reps
- 6 broker-dealer reps
- 5 insurance agents
- Owns 50% to 75% of Spectrum Financial Resources, LLC
Daniel Hoban
Control person · since October 2009
- Owns 50% to 75% of Spectrum Financial Resources, LLC
Jean Schneider
Control person · since October 2009
Spectrum Financial Resources’ regulatory assets grew from $157M (March 2023) to $235M (March 2026); clients rose from 288 to 723 and employees were 6 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $235M | 723 | 6 | 3 |
| Apr 2025April 2025 | $207M | 545 | 5 | 3 |
| Mar 2024March 2024 | $197M | 311 | 6 | 3 |
| Mar 2023March 2023 | $157M | 288 | 6 | 3 |
Besides its headquarters, Spectrum Financial Resources has 2 offices, with 3 listed addresses in 1 state.
Michigan · 3 listed addresses
- 1661 W. Big Beaver, TroyHQ
- 22611 Greater Mack Ave., St. Clair Shores
- 63 Kercheval Ave, Grosse Pointe Farms
Contact and registration details
- Legal name
- Spectrum Financial Resources, LLC
- Headquarters
- 1661 W. Big Beaver, Troy, MI 48084
- Website
- Not reported
- Phone
- 248-643-0033
- SEC file
- 801-126271
- Structure
- Michigan LLC
- Fiscal year end
- December
Spectrum Financial Resources’ named custodians for separately managed accounts are Pershing ($167M, 73%) and Charles Schwab ($60.8M, 27%). Spectrum Financial Resources has custody of $16.5M for 64 clients.
- PershingPershing LLC · Jersey City, NJ · $167M73%
- Charles SchwabCharles Schwab & Co., Inc. · Phoenix, AZ · $60.8M27%
At year end, Spectrum Financial Resources’ separately managed accounts were mostly in funds (53%) and stocks (28%).
What the accounts hold
- Stocks28%
- Funds53%
- Bonds7%
- Cash7%
- Other5%
- Variable annuity sub-accounts5%
How many clients does Spectrum Financial Resources have?
Spectrum Financial Resources has 723 clients and manages $235 million for them, as of March 2026. They include 584 individual clients and 139 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Spectrum Financial Resources offer?
Spectrum Financial Resources provides financial planning, portfolio management for individuals and small businesses, 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
How much does Spectrum Financial Resources charge?
Spectrum Financial Resources charges 1.00%–2.00% a year for its Portfolio Management. The fee is billed in arrears and is negotiable.
Which custodians does Spectrum Financial Resources use?
Spectrum Financial Resources’ separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $167M and Charles Schwab & Co., Inc. (Phoenix, AZ), with $60.8M. 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 Spectrum Financial Resources have?
Spectrum Financial Resources has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 5 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 Spectrum Financial Resources invest in?
At the end of its last fiscal year, Spectrum Financial Resources’ separately managed accounts held 53% registered funds (mutual funds, ETFs, BDCs), 28% exchange-traded equities, 7% U.S. government and agency bonds, 7% cash and equivalents and 5% other. The 5% other category is described as: Variable Annuity Sub-Accounts.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Spectrum Financial Resources?
Spectrum Financial Resources’ direct owners are Daniel Hoban (50% to 75%) and Jean Schneider (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Spectrum Financial Resources get paid?
Spectrum Financial Resources is paid through a percentage of assets under management, hourly charges, fixed fees 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
How do I contact Spectrum Financial Resources?
Spectrum Financial Resources’ main office is at 1661 W. Big Beaver, Troy, MI 48084. Its phone number is 248-643-0033.
