Seneca Capital Management, LLC

CRD#288206
Investment Advisor Firm

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Overview

Seneca Capital Management, LLC is a financial advisor firm located in Denver, Colorado. Seneca Capital Management, LLC has $98.2 million in assets under management throughout two customer accounts. Seneca Capital Management, LLC has a small group, including 1 financial advisor. Seneca Capital Management, LLC is not a registered broker-dealer, signifying that it cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets like equities, options and bonds.

Seneca Capital Management, LLC administers all of the company's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell choices without requiring client permission. The firm's average account size is $49.1 million. The average financial advisor at Seneca Capital Management, LLC administers around two client accounts, making it one of the most personalized financial advisor firms in the country.

Seneca Capital Management, LLC's central office is located at 2717 East Louisiana Avenue, Denver, Colorado 80210. The company is legally permitted to provide services to customers in the state of Colorado.

Assets Under Management

$98.2 million

Number of Advisors

1

Disclosures

No

Office Location

2717 East Louisiana Avenue
Denver, CO 80210

Seneca Capital Management, LLC by the Numbers

Total Assets Under Management

$98.2 million

National Average: $8.6 billion
Total Number of Employees

1

National Average: 64
Total Number of Accounts

2

National Average: 375,227
Average Account Size

$49.1 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial advice typically vary depending on which services are provided. Fees billed by Seneca Capital Management, LLC most likely are comprised of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Seneca Capital Management, LLC.

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 26% of firms

    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.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    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.

  • 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 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 32% of firms that offer this fee type

    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.

  • 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.

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Types of Clients

The firm provides services to pooled investment vehicles. Out of its two accounts, Seneca Capital Management, LLC's largest client group is pooled investment vehicles. None of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Seneca Capital Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Seneca Capital Management, LLC

Rhett Trees
Denver, CO

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