# SPEAR-MM: Selective Parameter Evaluation and Restoration via Model Merging for Efficient Financial LLM Adaptation

arXiv: https://arxiv.org/abs/2511.08500 · HTML: https://mlsanity.com/paper/2511.08500/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Placed in Reasoning for agents, planning and code, one of 17 directions in LLM reasoning.
- Builds on 14 of its 15 references that are in the map.
- First posted on arXiv 11 Nov 2025.

## Placed in

- LLM reasoning / [Reasoning for agents, planning and code](https://mlsanity.com/lr/reasoning-for-agents-planning-and-code/)

## Builds on (most cited first, 14 of 14)

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- [Measuring Mathematical Problem Solving With the MATH Dataset](https://mlsanity.com/paper/2103.03874/) (2021)
- [Think you have Solved Question Answering? Try ARC, the AI2 Reasoning Challenge](https://mlsanity.com/paper/1803.05457/) (2018)
- [Overcoming catastrophic forgetting in neural networks](https://mlsanity.com/paper/1612.00796/) (2016)
- [Switch Transformers: Scaling to Trillion Parameter Models with Simple and Efficient Sparsity](https://mlsanity.com/paper/2101.03961/) (2021)
- [GPQA: A Graduate-Level Google-Proof Q&A Benchmark](https://mlsanity.com/paper/2311.12022/) (2023)
- [iCaRL: Incremental Classifier and Representation Learning](https://mlsanity.com/paper/1611.07725/) (2016)
- [MMLU-Pro: A More Robust and Challenging Multi-Task Language Understanding Benchmark](https://mlsanity.com/paper/2406.01574/) (2024)
- [Model soups: averaging weights of multiple fine-tuned models improves accuracy without increasing inference time](https://mlsanity.com/paper/2203.05482/) (2022)
- [Instruction-Following Evaluation for Large Language Models](https://mlsanity.com/paper/2311.07911/) (2023)
- [A Primer in BERTology: What we know about how BERT works](https://mlsanity.com/paper/2002.12327/) (2020)
- [Merging Models with Fisher-Weighted Averaging](https://mlsanity.com/paper/2111.09832/) (2021)
- [Spectrum: Targeted Training on Signal to Noise Ratio](https://mlsanity.com/paper/2406.06623/) (2024)

## Abstract (arXiv)

Large language models (LLMs) adapted to financial domains often suffer from catastrophic forgetting of general reasoning capabilities essential for customer interactions and complex financial analysis. We introduce Selective Parameter Evaluation and Restoration via Model Merging (SPEAR-MM), a practical framework that preserves critical capabilities while enabling domain adaptation. Our method approximates layer-wise impact on external benchmarks through post-hoc analysis, then selectively freezes or restores transformer layers via spherical interpolation merging. Applied to LLaMA-3.1-8B for financial tasks, SPEAR-MM achieves 91.2% retention of general capabilities versus 69.7% for standard continual pretraining, while maintaining 94% of domain adaptation gains. The approach provides interpretable trade-off control and reduces computational costs by 90% crucial for resource-constrained financial institutions.