Service Academy Capital Management LLC (Dallas)

Name: Service Academy Capital Management LLC
Address: 3838 Oak Lawn Ave, Dallas, TX, 75219
Telephone: 4248354147

Service Academy Capital Management LLC is a large advisory firm based in Dallas. It manages $125 million of regulatory assets for 47 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.

Service Academy Capital Management provides portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Service Academy Capital Management: assets under management

The assets under management (AUM) of Service Academy Capital Management LLC is $125 million. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100 million in discretionary accounts and $25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.17 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25 million.

Investments

The firm invests in state and local bonds the most. They account for 29% of the total AUM. The second-largest asset type is government bonds, which make up 19% of the firm’s portfolio. Investments in exchange traded securities form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Service Academy Capital Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Service Academy Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Service Academy Capital Management is high net worth individuals with 12 clients and $124.67 million of assets under management. Among the 11 most similar advisory firms, Service Academy Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125 million for 13 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Service Academy Capital Management doesn't advise any private funds.

Careers at Service Academy Capital Management LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Stephen Sears	Managing member, chief executive officer, and chief compliance officer	1 Mar 2015	75% - 100%	2647229

Based in Dallas

The principal office where Service Academy Capital Management LLC performs its advisory services is located at 3838 Oak Lawn Ave, Dallas, TX 75219, 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 4248354147. The normal business hours are 8am-4pm on Monday - Friday. You can find more information about the New York firm at sacmgt.com.