Overview
Firm Description
Cannell & Spears is a combination of two longstanding registered investment advisors, Cannell &
Co. and Spears Abacus Advisors LLC. The combination went into effect on January 1, 2024.
Cannell & Co. commenced operations in 1973, and Spears Abacus Advisors LLC commenced
operations in 2007.
Cannell & Spears was organized as a limited liability company under the laws of the State of
Delaware in 2006 and has offices in New York, New York and Jupiter, Florida. Cannell & Spears
is registered as an investment advisor with the United States Securities and Exchange
Commission. Registration does not imply a certain level of skill or training.
Cannell & Spears is not a broker-dealer, nor does it engage in investment banking. Cannell &
Spears is a value investor that takes a long-term perspective to purchasing and selling equity and
fixed-income securities. Instead of market timing, Cannell & Spears relies primarily on its own
research and on careful investment selection.
Ownership of Cannell & Spears
Cannell & Spears is principally owned by its managers and principals, none of whom individually
owns twenty-five percent or more of Cannell & Spears.
Types of Advisory Services
Cannell & Spears services include the management of equity and fixed-income portfolios, as well
as other specialty investment
portfolios. Cannell & Spears also manages The BeeHive Fund,
which is a separate series of Forum Funds, an open-ended investment company registered under
the Investment Company Act of 1940. Cannell & Spears generally manages the assets of its
clients on a fully discretionary basis and sometimes reviews asset allocation for clients for whom
it does not provide portfolio management. In addition, Cannell & Spears offers financial-planning
services and advice about retirement-plan rollovers.
Tailored Relationships
Cannell & Spears tailors its investment advice to the particular needs, investment objectives, and
investment guidelines of each client. Cannell & Spears meets with each client or his financial
advisor to gain an in-depth understanding of the financial circumstances and objectives of the
client. Selection of securities, asset allocations, purchase guidelines, and tax sensitivity are driven
by this deep understanding. Clients may impose restrictions on investing in particular securities
or types of securities.
Assets Under Management
As of January 1, 2024, Cannell & Spears managed approximately $5,802,100,000 of client assets
on a discretionary basis and approximately $54,400,000 of client assets on a non-discretionary
basis. Its total assets under management as of that date was approximately $5,856,500,000.