Sp Asset Management LLC

SP Asset Management LLC is an investment advisory firm registered with the SEC, offering discretionary management of investment portfolios and financial planning services for individuals, pension and retirement plans, trusts, and business entities. The firm was established in January 2022, succeeding Sandeep Pandya dba SP Asset Management, which operated as a registered investment adviser since 1995. Sandeep Pandya, the President and CEO, has over 29 years of experience in investment advisory services. The firm manages client assets totaling $1,710,556,000 as of December 31, 2024, with $1,281,194,310 managed on a discretionary basis. SP Asset Management charges investment management fees based on a percentage of assets under management, with fees ranging from 0.25% to 1.00% based on the asset value. Financial planning services are available on a fixed fee basis starting from $10,000, depending on the complexity of services. The firm does not accept performance-based fees and does not have any disciplinary history. SP Asset Management does not vote proxies on behalf of clients and does not handle client claims in class action lawsuits. The firm has custody of client funds for fee deduction purposes and does not require a minimum account size for new clients, but a minimum quarterly fee of $2,500 is applicable. Clients have the option to direct brokerage and are responsible for reviewing account statements provided by the custodian.