Seamount Financial Group Inc (Colorado Springs)

Name: Seamount Financial Group Inc
Address: 90 So Cascade Avenue, Colorado Springs, CO, 80903
Telephone: 719-471-1171

Seamount Financial Group Inc is a large advisory firm based in Colorado Springs. It manages $388 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

Seamount Financial Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Seamount Financial Group: assets under management

The assets under management (AUM) of Seamount Financial Group Inc is $388 million. The firm's AUM has grown by 288% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $353 million in discretionary accounts and $35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $882.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $700 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in other assets form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seamount Financial Group Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Leon Joseph Colafrancesco serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Leon Joseph Colafrancesco is high net worth individuals with 130 clients and $217 million of assets under management. Among the 7 most similar advisory firms, Seamount Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $375 million for 430 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.

Seamount Financial Group doesn't advise any private funds.

Careers at Seamount Financial Group Inc

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 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.

Leon Joseph Colafrancesco has been acting as President since 1 Dec 1998. Jaye Dawn Mueller joined the executive team most recently as the Corporate Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Leon Joseph Colafrancesco	President/chief compliance officer	1 Dec 1998	75% - 100%	1024686
Joan Catherine Reed	Corporate secretary	1 Dec 1998	Other	4067496
Rebecca Luzzi Colafrancesco	Vice president	1 Dec 2002	Other	4628242
Jaye Dawn Mueller	Corporate secretary	1 Oct 2003	Other	4717909

Based in Colorado Springs

The principal office where Seamount Financial Group Inc performs its advisory services is located at 90 So Cascade Avenue, Colorado Springs, CO 80903 The mailing address of the firm is 750 East Chapman Avenue, Orange, CA 92866. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 719-471-1171 or by fax 719-471-1972. The normal business hours are by appointment only on Other. You can find more information about the New York firm at seamountfinancial.com.