Seaport Capital, LLC

CRD#160734
Investment Advisor Firm

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Learn more about Seaport Capital, LLC

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

    • Overview

    Seaport Capital, LLC operates as an advisory company based in New York, New York. It controls $459.8 million in assets under management throughout seven accounts, placing it among the larger investment advisory firms in the United States by assets under management (AUM). The firm has a small group, including 10 financial advisors. Seaport Capital, LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are tradable financial assets like bonds, equities and options.

    Seaport Capital, LLC oversees all of its client assets on a discretionary basis. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without needing to seek the client's consent. The company's typical account size is $65.7 million. The average advisor at Seaport Capital, LLC manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.

    Seaport Capital, LLC's central office is at 40 Fulton Street, New York, New York 10038. The firm is legally permitted to provide services to clients in the state of New York.

    Assets Under Management

    $459.8 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    40 Fulton Street
    New York, NY 10038

    Seaport Capital, LLC by the Numbers

    Total Assets Under Management

    $459.8 million

    National Average: $8.6 billion
    Total Number of Employees

    18

    National Average: 64
    Total Number of Accounts

    7

    National Average: 375,227
    Average Account Size

    $65.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice usually are based on which services the firm provides the client. Fees billed by the company likely include any combination of the following fee structures: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

    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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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.

    Back to Overview

    Types of Clients

    The company caters to pooled investment vehicles. Out of its seven clients, Seaport Capital, LLC's biggest client type by number of accounts 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

    Seaport Capital, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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