Cannell & Spears Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 142633
· SEC file 801-67401
· New York, NY
· WWW.LINKEDIN.COM
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $7.0B
- Discretionary
- $6.8B
- Clients
- 2,549
- Avg AUM / client
- $2.7M
- Accounts
- 2,577
- Employees
- 40
AUM over time
$859M
$7.0B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 457 | $113M | 1.61% |
| High net worth individuals | 1,937 | $6.2B | 89.0% |
| Investment companies | 1 | $114M | 1.63% |
| Pooled investment vehicles (non-investment companies) | 2 | $12.2M | 0.17% |
| Pension and profit sharing plans | 56 | $51.0M | 0.73% |
| Charitable organizations | 53 | $250M | 3.58% |
| Corporations and other businesses | 43 | $232M | 3.31% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $10.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Rockit Pest Llc | Other Private Fund | Delaware | $5.0M | 17 |
| Cannell & Co Alternatives Struck Llc | Other Private Fund | Delaware | $5.0M | 22 |
People (31)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| William Gerli Spears | Principal | CFA | Nov 2006 (20y) | ≈ 0% – 3.75% via Spears & Co. Llc |
| Weil, William, Sylvan | Manager | Dec 2006 (20y) | GP / trustee / elected manager of Abacus And Associates Holdings, Llc (indirect) | |
| Margaret Mary H. Maclennan | Member And Principal | Jan 2007 (20y) | Less than 5% | |
| Robert Michael Raich | Manager, Member, And Principal | Jan 2007 (20y) | Less than 5% | |
| John Victor Raggio | Member And Principal | CFA | May 2008 (18y) | Less than 5% |
| Lassalle, Honor, (Nmn) | Manager | Mar 2009 (17y) | GP / trustee / elected manager of Abacus And Associates Holdings, Llc (indirect) | |
| Paul Frank Pfeiffer | Member And Principal | Jul 2009 (17y) | Less than 5% | |
| James Ernest Breece | Manager, Member, And Principal | CFA | Jan 2010 (17y) | 5% – 10% |
| Robert Pattridge Morgenthau | Member And Principal | Oct 2011 (15y) | 5% – 10% | |
| Michele Dayle Cleary | Principal | Apr 2013 (13y) | Less than 5% | |
| Emanuel Weintraub | Principal | CFA | Jan 2020 (7y) | Less than 5% |
| Lynn, Jennifer, Buchman | Trustee | Feb 2021 (6y) | GP / trustee / elected manager of Jennifer B. Lynn Revocable Trust (indirect) | |
| Daniel Joseph Wetchler | Principal | CFA | Jul 2021 (5y) | Less than 5% |
| Howell, Elizabeth, W | Trustee | Sep 2023 (3y) | GP / trustee / elected manager of 2023 Ian B. Maccallum, Jr. Family Dynasty Trust (indirect) | |
| Robert Charles Eising | Manager, Member, And Principal | Sep 2023 (3y) | 5% – 10% | |
| David Jonathan Mazzullo | Manager, Member, And Principal | Jan 2024 (3y) | 10% – 25% | |
| Edward Morgan Giles | Principal | Jan 2024 (3y) | Less than 5% | |
| Ian Barrie Maccallum | Principal | Jan 2024 (3y) | Less than 5% | |
| Joseph Blair Werner | Manager, Member, And Principal | Jan 2024 (3y) | 10% – 25% | |
| Kogan, Patricia, Ann | Member And Principal | Jan 2024 (3y) | Less than 5% | |
| Robert Frank Shapiro | Principal | Jan 2024 (3y) | Less than 5% | |
| Thow, Ronald, Charles | Member And Principal | Jan 2024 (3y) | Less than 5% | |
| Walter Kenneth Giles | Principal | Jan 2024 (3y) | Less than 5% | |
| Wartman, Paul, Andrew | Member And Principal | Jan 2024 (3y) | 5% – 10% | |
| William Henry Herrman Ii | Principal | Jan 2024 (3y) | Less than 5% | |
| Moskowitz, Lloyd, Nmn | Chief Compliance Officer | Jul 2024 (2y) | Less than 5% | |
| Diana Massey | Registered representative | Jul 2021 (5y) | ||
| Lisa Kennedy | Registered representative | Jul 2021 (5y) | ||
| Alina Luisa Miska | Registered representative | Jul 2021 (5y) | ||
| Jeannie Tai | Registered representative | Aug 2021 (5y) | ||
| Nicholas A. Petito | Registered representative | Feb 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pbc Acquisition Corp. Inc. | Member | Jan 2024 | A | 50% – 75% |
| Abacus And Associates Holdings, Llc | Member | Jan 2007 | A | 10% – 25% |
| 2023 Ian B. Maccallum, Jr. Family Dynasty Trust | Member | Jan 2024 | A | 10% – 25% |
| Jennifer B. Lynn Revocable Trust | Member | Jan 2024 | A | 5% – 10% |
| Spears & Co. Llc | Member | Nov 2006 | A | Less than 5% |
Estimated effective ownership (look-through of filed bands):
- William Gerli Spears: 50% – 75% of Spears & Co. Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
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.
Private funds (2, $10.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Rockit Pest Llc | Other Private Fund | $5.0M | $250K | 17 |
| Cannell & Co Alternatives Struck Llc | Other Private Fund | $5.0M | $250K | 22 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.35 MB | 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
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Fiduciary Trust Company International $2.7B (38% of AUM) Mar 2026
- Charles Schwab & Co. $2.5B (36% of AUM) Mar 2026
- Fidelity Brokerage Services $1.2B (16% of AUM) Mar 2026
- National Financial Services (Fidelity) $731M (44% of AUM) Mar 2023
- Merrill Lynch $617M (39% of AUM) Jun 2020
- J.P. Morgan $200M (15% of AUM) Jan 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 30, 2026.
View current Form ADV (SEC/IAPD) ↗