Seelaus Asset Management, LLC is a large advisory firm based in Summit. It manages $436.89 million of regulatory assets for 548 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.
Seelaus Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Seelaus Asset Management, LLC is $436.89 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Seelaus Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. 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.
The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Seelaus Asset Management is high net worth individuals with 160 clients and $169.98 million of assets under management. Among the 9 most similar advisory firms, Seelaus Asset Management has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $436.89 million for 306 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.
Seelaus Asset Management also advises several private funds. Namely, five hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.
The company employs 23 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives 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.
Randy Mark Masel has served as the Chief Investment Officer since 1 Nov 2016 and Kenneth Harris Klein is the Chief Executive Officer of Seelaus Asset Management, LLC family office. Christina A Goulding joined the executive team most recently as the Chief Operating Officer/ Elected Member.
The principal office where Seelaus Asset Management, LLC performs its advisory services is located at 25 Deforest Avenue, Summit, NJ 07901 The mailing address of the firm is 25 Deforest Avenue, Summit, NJ 07901. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 935 0755 or by fax (888) 901-4201. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at rseelaus.com.