Dba Seaside Financial & Insurance Services

CRD#289985
Investment Advisor Firm

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Learn more about Dba Seaside Financial & Insurance Services

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Dba Seaside Financial & Insurance Services is a financial advisory company headquartered in Carlsbad, California. Dba Seaside Financial & Insurance Services administers $117.4 million in total assets across 780 accounts, placing it in the mid-tier of financial advisory firms in the nation by assets under management (AUM). The company has a small team, including 6 financial advisors. Dba Seaside Financial & Insurance Services does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as bonds, stocks and options.

    Dba Seaside Financial & Insurance Services oversees zero of the company's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes transaction judgments without needing to seek client approval. The company also administers 780 non-discretionary accounts with a total of $117.4 million in assets. The firm's average account size is $150,495. The average financial advisor at Dba Seaside Financial & Insurance Services oversees about 130 client accounts.

    The company's main office is at 2888 Loker Ave East, Carlsbad, California 92010. The company is permitted to serve customers throughout a few states, including California, Connecticut, Nevada, New York, Texas and Washington.

    Assets Under Management

    $117.4 million

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    2888 Loker Ave East
    Carlsbad, CA 92010

    Dba Seaside Financial & Insurance Services by the Numbers

    Total Assets Under Management

    $117.4 million

    National Average: $8.6 billion
    Total Number of Employees

    6

    National Average: 64
    Total Number of Accounts

    780

    National Average: 375,227
    Average Account Size

    $150.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Dba Seaside Financial & Insurance Services provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and educational seminars. In the prior fiscal year, it provided financial planning services to 251-500 of its customers. The firm is engaged in selling products or offering services different than investment advice to its customers. The company also has a number of financial industry affiliations, including with a pension consultant.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Find a firm that offers this service

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

    Back to Overview

    Fee Structure

    A financial advisor's fees largely are based on the services provided. However, fee types charged by the firm can include some blend of the following fee structures: asset-based, hourly or fixed. Dba Seaside Financial & Insurance Services does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The firm caters to retail investors and high net worth investors. Out of its 780 clients, Dba Seaside Financial & Insurance Services's largest client group by number of accounts is retail investors, although it also manages money for 34 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 27.64%
    • Other Individuals - 72.36%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Dba Seaside Financial & Insurance Services does not have any disclosures.

    Please visit its Form ADV for more details.

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