Spectrum Asset Management Inc
- Regulatory AUM
- $657M
- Discretionary
- $657M
- Clients
- 315
- Avg AUM / client
- $2.1M
- Accounts
- 932
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Mar 18, 2026
Investments (13F portfolio — 107 positions, $314,787,305)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo & Co | COM | $33,013,758 | 414,694 | 10.5% | 5.02% |
| 2 | Vanguard Bd Index Fds | VANGUARD ULTRA | $23,227,492 | 466,556 | 7.38% | 3.53% |
| 3 | Schwab Strategic Tr | US LCAP VA ETF | $14,490,657 | 475,103 | 4.6% | 2.2% |
| 4 | Invesco Exchange Traded Fd T | S&P500 EQL WGT | $14,362,707 | 74,837 | 4.56% | 2.19% |
| 5 | Ishares Gold Tr | ISHARES NEW | $14,134,341 | 160,326 | 4.49% | 2.15% |
| 6 | First Tr Exchng Traded Fd Vi | FT VEST US EQT | $11,226,474 | 255,370 | 3.57% | 1.71% |
| 7 | First Tr Exchng Traded Fd Vi | FT VEST US EQT | $10,524,359 | 248,216 | 3.34% | 1.6% |
| 8 | Etf Opportunities Trust | HEDGEYE CAPITAL | $10,003,282 | 346,494 | 3.18% | 1.52% |
| 9 | Exxon Mobil Corp | COM | $6,863,010 | 40,452 | 2.18% | 1.04% |
| 10 | First Tr Exchng Traded Fd Vi | FT VEST INTER EQ | $6,856,431 | 250,672 | 2.18% | 1.04% |
| 11 | First Tr Exchng Traded Fd Vi | FT VEST US | $6,822,038 | 144,016 | 2.17% | 1.04% |
| 12 | Chevron Corporation | COM | $6,686,887 | 32,319 | 2.12% | 1.02% |
| 13 | First Tr Exchng Traded Fd Vi | FT VEST US EQT | $6,051,173 | 134,686 | 1.92% | 0.92% |
| 14 | Alphabet Inc | CAP STK CL C | $5,435,390 | 18,948 | 1.73% | 0.83% |
| 15 | First Tr Exchng Traded Fd Vi | FT VEST U.S. | $5,278,309 | 119,203 | 1.68% | 0.8% |
| 16 | Schwab Strategic Tr | US LCAP GR ETF | $5,080,946 | 174,423 | 1.61% | 0.77% |
| 17 | Walmart Inc | COM | $5,048,862 | 40,544 | 1.6% | 0.77% |
| 18 | Emcor Group Inc | COM | $4,687,685 | 6,349 | 1.49% | 0.71% |
| 19 | Ishares Tr | MSCI USA MIN VOL | $4,570,155 | 49,279 | 1.45% | 0.7% |
| 20 | L3 Harris Technologies Inc | COM | $4,394,863 | 12,733 | 1.4% | 0.67% |
| 21 | Cisco Sys Inc | COM | $4,278,830 | 55,147 | 1.36% | 0.65% |
| 22 | Schwab Strategic Tr | INTL EQTY ETF | $4,196,198 | 169,543 | 1.33% | 0.64% |
| 23 | Novartis Ag | SPONSORED ADR | $4,013,507 | 26,275 | 1.28% | 0.61% |
| 24 | Honeywell Intl Inc | COM | $4,005,308 | 17,720 | 1.27% | 0.61% |
| 25 | Abbvie Inc | COM | $3,942,991 | 18,130 | 1.25% | 0.6% |
Top 25 of 107 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 180 | $96.1M | 14.6% |
| High net worth individuals | 126 | $476M | 72.4% |
| Pension and profit sharing plans | Fewer than 5 clients | $6.6M | 1.0% |
| Charitable organizations | Fewer than 5 clients | $12.3M | 1.87% |
| Insurance companies | 9 | $65.3M | 9.93% |
| Corporations and other businesses | Fewer than 5 clients | $929K | 0.14% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Schwabplan Retirement Savings And Investment Plan The Charles Schwab Corporation | 2024 |
People (10)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kelly, Roland, Duane | Trustee Of Kelly Family Trust Dtd 08/28/1984 | Jan 1990 (37y) | Less than 5% | |
| Kelly, Marc, Duane | Shareholder | Jun 1990 (36y) | 5% – 10% | |
| Ryan Lee Kelly | Chief Executive Officer Of Spectrum Asset Management & Trustee Of Ryan Lee Kelly Separate Property Trust Dtd 01/11/2006 | Dec 1999 (27y) | Less than 5% | |
| Tony Kyuwhan Jung | Chief Compliance Officer & Chief Operating Officer | Jan 2013 (14y) | Less than 5% | |
| Nancy Jane Howard | Registered representative | CFP | Mar 2012 (14y) | |
| Michael James Ottman | Registered representative | CFP | Dec 2013 (13y) | |
| Lisa Suzanne Sharp | Registered representative | CFP | Oct 2016 (10y) | |
| Ty Eric Neubauer | Registered representative | Mar 2018 (8y) | ||
| Mitchel Evan Needelman | Registered representative | CFA | Jun 2018 (8y) | |
| Garrett James Peterson | Registered representative | Dec 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ryan Lee Kelly Separate Property Trust Dtd 01/11/2006 | Shareholder | Jan 2006 | A | 75% or more |
| Kelly Family Trust Dtd 08/28/1984 | Shareholder | Jan 1990 | A | 10% – 25% |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Schwabplan Retirement Savings And Investment Plan | The Charles Schwab Corporation | 32,145 | $8.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 992 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $555M (84% of AUM) Mar 2026
- Comerica Securities,Inc. $64.2M (10% of AUM) Dec 2025
- City National Bank $59.1M (11% of AUM) Dec 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.
View current Form ADV (SEC/IAPD) ↗