Seamans Capital Management, LLC is a mid-sized advisory firm based in Lexington. It manages $52.32 million of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Illinois, Massachusetts, New Hampshire, and New York.
Seamans Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Seamans Capital Management, LLC is $52.32 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -93% since the beginning of its operation, and $3.35 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Seamans Capital Management, LLC for their services and products based on a percentage of assets under management 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, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Seamans Capital Management is high net worth individuals with 17 clients and $30.55 million of assets under management. Among the 2 most similar advisory firms, Seamans Capital Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $52.32 million for 30 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.
Seamans Capital Management also advises several private funds. Namely, five other private funds and one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 8 people that are either part- or full-time employees. 63 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.
Richard Fraser Seamans joined the executive team most recently as the Managing Director/Chief Compliance Officer.
The principal office where Seamans Capital Management, LLC performs its advisory services is located at 80 Hayden Ave Suite 110, Lexington, MA 02421, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 781-890-5225 or by fax 781-890-5279. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at seamanscapital.com/.