In a wear assembly for securing wear members to excavating equipment, a spool iis used with a wedge to hold the wear member in place. The spool is formed with at. least one laterally extending arm at its upper end in lieu of an axial arm such as useid in a conventional C-shaped spool. In this way, the spool can be easily supported in the assembly as the wedge is installed. The spool does not fall through the opening and no special care is needed to prevent it from falling. The spool also holds itself in place when the wedge is driven into the passage. As a result, installation of the wear assembly is easier and less hazardous. In addition, the lateral support reduces the risk that the spool will suffer spreading.