Springer Investment Management, Inc. (Sacramento)

Name: Springer Investment Management, Inc.
Address: 4480 Duckhorn Drive, Sacramento, CA, 95834
Telephone: 916-925-8900

Springer Investment Management, Inc. is a large advisory firm based in Sacramento. It manages $206.83 million of regulatory assets for 513 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Nevada.

Springer Investment Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Springer Investment Management: assets under management

The assets under management (AUM) of Springer Investment Management, Inc. is $206.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 641% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $206.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $403.17 thousand each.

Springer Investment Management has custody of $12.08 million in cash and securities for 60 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Springer Investment Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Keith Wayne Springer serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Keith Wayne Springer is high net worth individuals with 46 clients and $111.04 million of assets under management. Among the 9 most similar advisory firms, Springer Investment Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.83 million for 505 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Springer Investment Management doesn't advise any private funds.

Careers at Springer Investment Management, Inc.

The company employs 6 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Keith Wayne Springer has been acting as President since 1 Jan 1997. Deanna Rene Erdman joined the executive team most recently as the Director Of Operations/Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Keith Wayne Springer	President	1 Jan 1997	75% - 100%	1529083
Lea Wahkuna Vanallen	Chief compliance officer	1 Oct 2004	Other	2607722
Keith Wayne Springer	Chief compliance officer	1 May 2006	75% - 100%	1529083
Barbara Christian	Chief compliance officer	1 Jun 2006	Other	5171666
Rabecca Paulette Altman	Chief compliance officer	1 Feb 2009	Other	5309980
Wafiullah Wahidi	Chief compliance officer	1 Jan 2015	Other	6436226
Sean Alan Gannon	Chief compliance officer	1 Nov 2015	Other	1874734
Deanna Rene Erdman	Compliance officer	1 Jun 2016	Other	5206997
Deanna Rene Erdman	Director of operations/cco	1 May 2018	Other	5206997

Based in Sacramento

The principal office where Springer Investment Management, Inc. performs its advisory services is located at 4480 Duckhorn Drive, Sacramento, CA 95834, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 916-925-8900 or by fax 916-925-8914. The normal business hours are 8:00am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at keithspringer.com and its LinkedIn profile.