{"url":"https://nivawealth.com/firms/spirit-of-america-management-110023","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110023","regulatoryAum":540005248,"crd":"110023","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7773193","suffix":null,"lastName":"Crean","firstName":"Nolan","middleName":null},{"crd":"4977578","suffix":null,"lastName":"EZEGELIAN","firstName":"JAMES","middleName":"MICHAEL"},{"crd":"4462863","suffix":null,"lastName":"GANZ","firstName":"RONALD","middleName":"IAN"},{"crd":"2580461","suffix":null,"lastName":"HURWITZ","firstName":"JONATHAN","middleName":"BRUCE"},{"crd":"7272755","suffix":null,"lastName":"Isler","firstName":"Peter","middleName":"Stephen"},{"crd":"6107967","suffix":null,"lastName":"KLEIN","firstName":"PATRICIA","middleName":"GOWAN"},{"crd":"2865823","suffix":null,"lastName":"KLEIN","firstName":"RAFAEL","middleName":"SCOTT"},{"crd":"6684149","suffix":null,"lastName":"Kovalev","firstName":"Sergey","middleName":"V"},{"crd":"7426438","suffix":null,"lastName":"Lacheta","firstName":"Michal","middleName":null},{"crd":"847214","suffix":null,"lastName":"LAMONT","firstName":"JOHN","middleName":"MAURICE"},{"crd":"341008","suffix":null,"lastName":"MORSE","firstName":"RONALD","middleName":"LEWIS"},{"crd":"2617985","suffix":null,"lastName":"NORTON","firstName":"MICHAEL","middleName":"JOSEPH"},{"crd":"5864978","suffix":null,"lastName":"STRAZZERA","firstName":"ANGELO","middleName":null},{"crd":"6188857","suffix":null,"lastName":"TULUPNIKOFF","firstName":"MAXIM","middleName":null}],"total":14,"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":"2021-02-25","regulatoryAum":610710867,"clients":34,"employees":48,"offices":5},{"filedOn":"2022-02-08","regulatoryAum":688582118,"clients":43,"employees":43,"offices":5},{"filedOn":"2023-03-09","regulatoryAum":576255405,"clients":45,"employees":43,"offices":5},{"filedOn":"2024-01-25","regulatoryAum":568673465,"clients":40,"employees":39,"offices":5},{"filedOn":"2025-02-03","regulatoryAum":584755932,"clients":43,"employees":36,"offices":5},{"filedOn":"2026-01-23","regulatoryAum":540005248,"clients":21,"employees":35,"offices":5}],"secFileNumber":"801-54782","legalName":"Spirit of America Management Corp","displayName":"Spirit of America Management","slug":"spirit-of-america-management-110023","website":null,"classification":{"segment":"registered_funds","segmentLabel":"Fund management","type":"fund_manager","typeLabel":"Mutual funds & ETFs","feeDisclosure":"payment_only"},"founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"477 Jericho Turnpike","city":"Syosset","state":"NY","stateName":"New York","country":"United States","postalCode":"11791-9006"},"tradeNames":["Soa Premier Assets"],"registration":{"secApproved":"6 August 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Compliance Officer","crd":"2146398"},{"name":"Alan Chodosh","title":"Treasurer","crd":"2918542"}],"ownership":[{"label":"David Lerner","detail":"President;director in the 75% or more ownership band and a control person, since May 1997."}],"filedOffices":{"otherThanPrincipal":4,"privateResidences":0},"listedOfficeAddresses":5,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"1221 Post Road East","city":"Westport"}]},{"state":"Florida","offices":1,"addresses":[{"street":"568 Yamato Road","city":"Boca Raton"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"134 Franklin Corner Road","city":"Lawrenceville"}]},{"state":"New York","offices":2,"addresses":[{"street":"477 Jericho Turnpike","city":"Syosset","headquarters":true},{"street":"599 West Hartsdale Ave.","city":"White Plains"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"516-921-4200","stateRegisteredReps":12,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"23 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110023/PDF/110023.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 Spirit of America Management have?","answer":"Spirit of America Management has 21 clients and manages $540 million for them, as of January 2026. They include 20 individuals and 1 investment company.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 23 January 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Spirit of America Management offer?","answer":"Spirit of America Management 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 Spirit of America Management use?","answer":"Spirit of America Management’s separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $5.3M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 January 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Spirit of America Management have?","answer":"Spirit of America Management has 12 investment adviser representatives registered with state securities authorities, out of 35 employees, and 32 perform investment advisory functions. 33 employees are registered representatives of a broker-dealer and 28 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 Spirit of America Management invest in?","answer":"At the end of its last fiscal year, Spirit of America Management’s separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).","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 Spirit of America Management?","answer":"Spirit of America Management’s direct owner is David Lerner (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 23 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Spirit of America Management get paid?","answer":"Spirit of America 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"}},{"question":"Is Spirit of America Management registered with the SEC?","answer":"Yes, Spirit of America Management has been registered with the SEC as an investment adviser since 6 August 1997. Its CRD number is 110023 and its SEC file number is 801-54782.","source":"Form ADV Part 1A, Item 1, filed 23 January 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Spirit of America Management?","answer":"Spirit of America Management’s main office is at 477 Jericho Turnpike, Syosset, NY 11791-9006. Its phone number is 516-921-4200.","source":"Form ADV Part 1A, Item 1.F, filed 23 January 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."}