Spero-Smith Investment Advisers, Inc. (“Spero-Smith”) is an SEC registered investment adviser located in Beachwood, Ohio.  Spero-Smith and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Spero-Smith maintains clients.  Spero-Smith may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.  Spero-Smith’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links.  Accordingly, the publication of Spero-Smith’s web site on the Internet should not be construed by any consumer and/or prospective client as Spero-Smith’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.  Any subsequent, direct communication by Spero-Smith with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Spero-Smith, please contact the SEC or the state securities regulators for those states in which Spero-Smith maintains a notice filing.  A copy of Spero-Smith’s current written disclosure statement discussing Spero-Smith’s business operations, services, and fees is available from Spero-Smith upon written request.  Spero-Smith does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to  Spero-Smith web site or incorporated herein, and takes no responsibility therefore.  All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Spero-Smith), will be profitable or equal any historical performance level(s).

Certain portions of Spero-Smith’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Spero-Smith (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date.  Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s).  Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Spero-Smith, or from any other investment professional.  Spero-Smith is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice. 

Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Spero-Smith is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Spero-Smith by any of its clients.  Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser.

To the extent that any client or prospective client utilizes any economic calculator or similar interactive device contained within or linked to  Spero-Smith’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from  Spero-Smith, or from any other investment professional.

Each client and prospective client agrees, as a condition precedent to his/her/its access to Spero-Smith’s web site, to release and hold harmless Spero-Smith, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from  Spero-Smith.

Form ADV
Form ADV is the form used by an investment adviser to register with both the Securities and Exchange Commission (SEC) and state securities authorities. The form consists of two parts, Part 1 and Part 2:

Part 1 requires information about an investment adviser’s business, ownership, clients, employees, business practices, affiliations, and any disciplinary events of the adviser or its employees. Part 1 is organized in a check-the-box, fill-in-the-blank format.

Spero-Smith's ADV Part I

Part 2 requires an investment adviser to prepare a narrative brochure written in plain English that contains information such as the types of advisory services offered, the adviser’s fee schedule, disciplinary information, conflicts of interest, and the educational and business background of management and key advisory personnel of the adviser. The brochure is the primary disclosure document that investment advisers provide to their clients. When filed, the brochures are available to the public on the SEC website.

Spero-Smith's ADV Part II