Seahorse Financial Advisers Inc. (Millbrook)

Name: Seahorse Financial Advisers Inc.
Address: 52 Front St., Millbrook, NY, 12545
Telephone: 845-605-8122

Seahorse Financial Advisers Inc. is a mid-sized advisory firm based in Millbrook. It manages $41.23 million of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2013.

Seahorse Financial Advisers provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Seahorse Financial Advisers: assets under management

The assets under management (AUM) of Seahorse Financial Advisers Inc. is $41.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $644.16 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Seahorse Financial Advisers Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Seahorse Financial Advisers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Seahorse Financial Advisers is high net worth individuals with 14 clients and $40.19 million of assets under management. Among the 2 most similar advisory firms, Seahorse Financial Advisers has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $41.23 million for 18 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Seahorse Financial Advisers doesn't advise any private funds.

Careers at Seahorse Financial Advisers Inc.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edvard Jorgensen	President and cco	1 Sep 1981	75% - 100%	4499232

Based in Millbrook

The principal office where Seahorse Financial Advisers Inc. performs its advisory services is located at 52 Front St., Millbrook, NY 12545 The mailing address of the firm is 359 Shunpike, Millbrook, NY 12545. An additional office of the firm is in Remsenburg, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-605-8122 or by fax 845-605-2849. The normal business hours are 9:30am - 4:30 pm on Other. You can find more information about the New York firm at seahorseadvisers.com.