Spectrum Financial Partners

What Spectrum Financial Partners does

Spectrum Financial Partners is a private Registered Investment Adviser (RIA) and wealth management advisory firm founded by Eric Chaney and operated from Bellevue, Washington, serving individuals and families primarily in the Pacific Northwest/Puget Sound region. The firm provides an integrated suite of services spanning financial planning, tax planning, investment planning, and asset management, with specialized practices in special needs financial planning (over 20 years of community involvement) and retirement planning. Its core product set includes a consultative discovery process, personalized strategy development, implementation, and ongoing review, delivered through scheduled one-on-one advisory engagements.

The firm employs a quantitative investment methodology that combines mathematical methods, probability and statistical analysis, and data analytics to develop trading strategies and manage risk, layering quantitative analysis on top of standard financial analysis for portfolio construction. Operational and custodial infrastructure is provided through a partnership with Commonwealth Financial Network (Member FINRA/SIPC, Registered Investment Adviser), with clients accessing accounts through the Investor 360 portal and MoneyGuidePro for financial planning projections. The firm does not develop proprietary software, mobile applications, or APIs.

Spectrum generates revenue through three fee streams: percentage-based asset management advisory fees of 0.20% to 1.25% on assets under management (tiered down with asset growth, no minimum, family assets aggregated), flat-fee comprehensive financial plans priced at $2,200 to $6,600 (with 12 months of follow-up), and monthly subscription planning services of $100 to $400. An hourly engagement model at $275/hour is also offered. There is no disclosed AUM, revenue, or client count. The team consisted of founder Eric Chaney (20+ years advisory experience, prior regional manager and compliance officer at a national broker/dealer) and Krista Morgenthaler (Director of Client Services, joined 2015, promoted to Director in 2018), with no additional disclosed staff. As of January 1, 2026, Spectrum Financial Partners merged into Longwave Financial, a New York-based fiduciary wealth management firm, absorbing its operations and expanding Longwave into the Pacific Northwest; Eric Chaney and Krista Morgenthaler (transitioning to Chief of Staff) joined Longwave as part of the deal.

Name

Spectrum Financial Partners

Legal name

Spectrum Financial Partners

Website

https://spectrumfp.net

Company type

Private

Founded year

2014

Operating status

Acquired

Headcount range

1–10 employees

Short description

Spectrum Financial Partners is a Bellevue, Washington-based Registered Investment Adviser offering integrated wealth planning, tax, investment, and asset management services to individuals and families in the Pacific Northwest, with specialization in special needs financial planning. As of January 1, 2026, it merged into Longwave Financial.

Ownership category

akta.pro rank

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Advisory Fees: Percentage-based advisory fees on assets under management, ranging from 0.20% to 1.25%. Fee percentage decreases as assets increase. No minimum asset requirement. Family assets are aggregated for fee calculation purposes.
2. Financial Planning Fees: Hourly rate of $275 per hour. Full comprehensive financial plan ranging from $2,200 to $6,600. Includes 12-month engagement for follow-up questions and support.
3. Subscription Planning Service: Monthly subscription fees ranging from $100 to $400 per month for ongoing financial planning and monitoring. Scope of service determines monthly fee. Reviewed annually.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Spectrum Financial Partners is a registered investment advisory firm that delivers fee-based wealth management and financial planning services to individuals and families in the Pacific Northwest. Its core offerings include Financial Planning, Tax Planning, Investment Planning, Asset Management, Special Needs Planning, and Retirement Planning, delivered through a consultative four-step process (discovery, strategy, implementation, ongoing review). Services are supported by Commonwealth Financial Network's FINRA/SIPC-registered broker-dealer and RIA infrastructure.

Product overview

Spectrum Financial Partners operates as a unified wealth management advisory firm offering an integrated suite of financial planning services. The core portfolio consists of four interconnected services: Financial Planning (the umbrella advisory service), supplemented by Tax Planning, Investment Planning, and Asset Management. Additional specialized offerings include Special Needs Planning for families with dependent members with disabilities, Retirement Planning for income preparation, life insurance and umbrella liability protection products, and transition planning services for career and life changes. The firm uses a consultative approach with a four-step process: discovery, strategy planning, implementation, and ongoing support. Services are fee-based with options including hourly rates ($275), flat financial plans ($2,200-$6,600), asset management fees (0.20%-1.25% based on assets under management), and monthly subscription planning ($100-$400). As of January 1, 2026, Spectrum Financial Partners became part of Longwave Financial following a merger.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning

Quantifiable outcome

• S&P 500 returns in election years: 2020 (18.4%), 2016 (11.96%), 2012 (16%)
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Two partnerships are on record, tiered flagship and core.

• Longwave FinancialflagshipStrategic or Co-development Partner · 1 January 2026Spectrum Financial Partners merged with Longwave Financial as of January 1, 2026. Spectrum's operations were absorbed into Longwave, with founder Eric Chaney and Director of Client Services Krista Morgenthaler joining Longwave (Morgenthaler transitioning to Chief of Staff). The merger aligns with Longwave's goal of building a national footprint while maintaining its sustainable, values-aligned investment approach.
• Commonwealth Financial NetworkcoreTechnology or IntegrationSecurities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Clients access accounts through Commonwealth's Investor 360 and Money Guide Pro platforms.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Betterment: Leading digital wealth manager offering automated and hybrid investment management and financial planning services. Comparable mass-affluent target market and percentage-of-AUM fee structure.
• Personal Capital (Empower Personal Dashboard): Hybrid digital wealth manager offering investment management and financial planning to mass-affluent and high-net-worth individuals. Comparable fee-based advisory model with technology-enabled delivery and a focus on retirement/investment planning.
• Wealthfront: Automated investment advisory and financial planning platform targeting younger, mass-affluent households with no account minimum and percentage-based fees. Comparable accessible RIA model targeting similar client profile.
• Longwave Financial: Spectrum's parent following the January 1, 2026 merger. A New York-based fiduciary wealth management firm providing investment management, financial planning, and sustainable/values-aligned investing to individuals and families — directly comparable services, customer base, and fiduciary RIA business model.
• Mariner Wealth Advisors: National RIA offering comprehensive wealth planning, investment management, tax planning, and specialized services including special needs planning. Directly comparable multi-service fiduciary advisory model serving individuals and families, with significantly greater scale.
• Edelman Financial Engines: Large national RIA providing financial planning, investment management, and retirement planning to individuals and families. Comparable comprehensive wealth advisory model with no-minimum and tiered-fee offerings that overlap with Spectrum's accessible fee structure.

Others

• Commonwealth Financial Network: Registered Investment Adviser and broker-dealer through which Spectrum offered securities and advisory services and accessed FINRA/SIPC infrastructure, plus Investor 360 and Money Guide Pro platforms. Comparable as a partner/custodial infrastructure provider rather than a competitor.

Broad incumbents

• Fisher Investments: Large independent investment management firm offering discretionary portfolio management to high-net-worth individuals and institutions. Comparable investment management focus with proprietary quantitative research and a significantly larger asset base.
• Schwab Wealth Advisory: Charles Schwab's wealth advisory offering providing investment management, financial planning, and retirement advice to individuals and families. Comparable fiduciary advisory services from a major incumbent with significant scale advantages.
• Vanguard Personal Advisor Services: Vanguard's hybrid robo-advisor combining automated portfolio management with human advisor access. Comparable investment management and retirement planning services, with massive scale and brand recognition as a low-cost incumbent.

Market position

Strengths2 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/specfinpart

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spectrum Financial Partners