Seaward Management Limited Partnership (Boston)

Name: Seaward Management Limited Partnership
Address: 265 Franklin Street, Boston, MA, 02110 3199
Telephone: 617-224-1900

Seaward Management Limited Partnership is a large advisory firm based in Boston. It manages $2.78 billion of regulatory assets for 1,522 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Seaward Management Limited Partnership provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Seaward Management Limited Partnership: assets under management

The assets under management (AUM) of Seaward Management Limited Partnership is $2.78 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and $32 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.78 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.83 million each.

Seaward Management Limited Partnership has custody of $2.67 billion in cash and securities for 620 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seaward Management Limited Partnership for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Seaward Management Limited Partnership serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Seaward Management Limited Partnership is high net worth individuals with 421 clients and $2.28 billion of assets under management. Among the 11 most similar advisory firms, Seaward Management Limited Partnership has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.78 billion for 655 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Seaward Management Limited Partnership doesn't advise any private funds.

Careers at Seaward Management Limited Partnership

The company employs 25 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Jeffrey Savage Berry	Managing director	1 Apr 2005	Other	4174228
Patricia Ann Melnick	Administrative director	1 Jun 2007	Other	4650379
Jeffrey J St. Mary	Managing director	1 Nov 2007	Other	5125730
John Gerard Bratschi	Limited partner, & managing director	1 Jan 2008	Other	1966087
Thomas Frederic Woodhouse	Limited partner, managing director & chief compliance officer	1 Jan 2008	Other	2600569
Seaward Management Business Trust	General partner	1 Jan 2008	Other	04-2996258
Christopher Thorp Barrow	Partner & managing director	1 Jan 2008	25% - 50%	13635
Roger Dean Scoville	Partner & managing director	1 Jan 2008	25% - 50%	2686812
John J Cook	Partner & managing director	1 Jan 2008	Other	2218304
John James Cook	Limited partner & managing director	1 Jan 2008	Other	2218304
Kelly Anne Morgan	Limited partner & managing director	1 Jan 2011	Other	1191087
Jeffrey J St. Mary	Limited partner & managing director	1 Jan 2011	Other	5125730
Stephen Reinhold Petersen	Limited partner & managing director	1 Jul 2015	Other	6286739
John Robert Porter	Limited partner & managing director	1 Jul 2015	Other	6273857
Bret Matthew Livingston	Chief operating officer & chief compliance officer	1 Jan 2018	Other	3013659

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Thorp Barrow	Trustee	1 Nov 2002	25% - 50%	13635
Roger Dean Scoville	Trustee	1 Nov 2002	25% - 50%	2686812
Thomas Frederic Woodhouse	Trustee	1 Jan 2011	25% - 50%	2600569
John Gerard Bratschi	Trustee	1 Jan 2011	25% - 50%	1966087

Based in Boston

The principal office where Seaward Management Limited Partnership performs its advisory services is located at 265 Franklin Street, Boston, MA 02110 3199, 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 617-224-1900 or by fax 617-224-1910. 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 seawardmgmt.com.