Randal Wayne Spears | Financial Professional

Professional summary

Randal Wayne Spears was suspended by undefined from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Randal Wayne Spears, who also goes by Randy Spears, was a registered financial advisor .

Randal is a previously registered financial advisor and started their career in finance in 1993. Randal had worked at 8 firms and has passed the Series 65, Series 63, Series 31, Series 7, Series 53, Series 4 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

No

Aliases

Randy Spears

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

June 20, 2008 - November 30, 2009

SWBC INVESTMENT COMPANY

RIA

CRD#: 140994

SAN ANTONIO, TX

Past

June 20, 2008 - November 30, 2009

SWBC INVESTMENT SERVICES, LLC

BD

CRD#: 133715

EL PASO, TX

Past

July 25, 2005 - June 25, 2008

INVESTMENT PROFESSIONALS, INC.

RIA

CRD#: 30184

SAN ANTONIO, TX

Past

May 2, 2005 - June 25, 2008

INVESTMENT PROFESSIONALS, INC.

BD

CRD#: 30184

SAN ANTONIO, TX

Past

February 17, 2004 - May 2, 2005

MORGAN STANLEY DW INC.

RIA

CRD#: 7556

SAN ANTONIO, TX

Past

April 15, 2003 - May 2, 2005

MORGAN STANLEY DW INC.

BD

CRD#: 7556

PURCHASE, NY

Past

May 20, 1996 - May 12, 2003

INVESTMENT PROFESSIONALS, INC.

BD

CRD#: 30184

SAN ANTONIO, TX

Past

July 22, 1994 - June 5, 1996

SECU BROKERAGE SERVICES

BD

CRD#: 19899

RALEIGH, NC

Past

April 19, 1994 - December 31, 1994

AMERICAN EXPRESS SERVICE CORPORATION

BD

CRD#: 10518

MINNEAPOLIS, MN

Past

November 11, 1993 - June 22, 1994

IDS LIFE INSURANCE COMPANY

BD

CRD#: 6321

MINNEAPOLIS, MN

Past

November 11, 1993 - June 22, 1994

AMERIPRISE FINANCIAL SERVICES, LLC

BD

CRD#: 6363

MINNEAPOLIS, MN

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

SI

SWBC INVESTMENT COMPANY

CRD#: 140994 / SEC#: 801-68054

RIA

Registered Investment Advisory firm - (6/25/2007 Approved)

Florida

Registered Investment Advisory firm - (12/26/2019 Terminated)

Texas

Registered Investment Advisory firm - (6/29/2007 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 11/26/2003

Uniform Investment Adviser Law Examination

State Security Law Exam

RR

Series 63

Date: 11/15/1993

Uniform Securities Agent State Law Examination

General Industry/Product Exam

RR

Series 31

Date: 10/14/2003

Futures Managed Funds Examination

General Industry/Product Exam

RR

Series 7

Date: 11/10/1993

General Securities Representative Examination

Principal/Supervisory Exam

RR

Series 53

Date: 12/19/2005

Municipal Securities Principal Examination

Principal/Supervisory Exam

RR

Series 4

Date: 5/3/1999

Registered Options Principal Examination

Principal/Supervisory Exam

RR

Series 24

Date: 10/13/1997

General Securities Principal Examination

Current Firm

SI

SWBC INVESTMENT COMPANY

CRD#: 140994 / SEC#: 801-68054

RIA

Registered Investment Advisory firm - (6/25/2007 Approved)

Florida

Registered Investment Advisory firm - (12/26/2019 Terminated)

Texas

Registered Investment Advisory firm - (6/29/2007 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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Contact information

Main Address

9311 San Pedro Avenue Suite 600, San Antonio, TX 78216-4459

Mailing Address

Phone number

(210) 376-3279

Established

Firm type

Fiscal year end

# of Employees

28

SEC notice filing (8 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

SWBC INVESTMENT COMPANY WRAP PROGRAM (3/31/2025)

SWBC INVESTMENT COMPANY ADV SCHEDULE A PART 2 (3/31/2025)

Regulatory assets under management

Total Number of Accounts	406
AUM (Assets Under Management)	$ 229,193,705

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Randal W. Spears

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

SWBC INVESTMENT SERVICES, LLC

INVESTMENT PROFESSIONALS, INC.

INVESTMENT PROFESSIONALS, INC.

MORGAN STANLEY DW INC.

MORGAN STANLEY DW INC.

INVESTMENT PROFESSIONALS, INC.

SECU BROKERAGE SERVICES

AMERICAN EXPRESS SERVICE CORPORATION

IDS LIFE INSURANCE COMPANY

AMERIPRISE FINANCIAL SERVICES, LLC

Primary Firm SEC Registration

SWBC INVESTMENT COMPANY

State Registrations and Notice Filings

Exams

Series 65

Date: 11/26/2003

Series 63

Date: 11/15/1993

Series 31

Date: 10/14/2003

Series 7

Date: 11/10/1993

Series 53

Date: 12/19/2005

Series 4

Date: 5/3/1999

Series 24

Date: 10/13/1997

Current Firm

SWBC INVESTMENT COMPANY

Contact information

SEC notice filing (8 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

SWBC INVESTMENT COMPANY

TRUST BUT VERIFY

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