Seabridge Investment Advisors LLC (Summit)

Name: Seabridge Investment Advisors LLC
Address: 450 Springfield Ave, Suite 301, Summit, NJ, 07901 2610
Telephone: 908-273-5085

Seabridge Investment Advisors LLC is a large advisory firm based in Summit. It manages $407.26 million of regulatory assets for 262 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 9 other states.

Seabridge Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and consulting with respect to asset allocation services and advice for non-discretionary accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Seabridge Investment Advisors: assets under management

The assets under management (AUM) of Seabridge Investment Advisors LLC is $407.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 681% since the beginning of its operation, and $3.73 million of the total AUM is attributable to clients outside of the United States.

The firm manages $407.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.55 million each.

Seabridge Investment Advisors has custody of $30.6 million in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in other assets form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Seabridge Investment Advisors LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Charles Descalzi serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David Charles Descalzi is high net worth individuals with 93 clients and $228.88 million of assets under management. Among the 11 most similar advisory firms, Seabridge Investment Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $407.26 million for 113 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Seabridge Investment Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $15,000 for each fund.

Careers at Seabridge Investment Advisors LLC

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

David Charles Descalzi has been acting as President since 1 Aug 2002. Garnett Lee Keith joined the executive team most recently as the Member (Class D).

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Cragoe	President	1 Jun 1996	Other	2803688
Gaye Gwinn	Managing director	1 Jun 1996	Other	2805675
Garnett Lee Keith	Chairman and ceo	1 Jul 1996	25% - 50%	1475168
Robert Abernethy Malin	Managing director	1 Jan 1997	Other	317869
Susan Elizabeth Boyd	Managing director	1 Nov 1997	Other	4357905
David Charles Descalzi	President	1 Aug 2002	Other	1298204
John C Conti	Vice chairman	1 Jan 2004	Other	1499907
John Carmine Conti	Member (class b)/vice-chairman	1 Jan 2004	Other	1499907
Susan Elizabeth Boyd	Chief compliance officer	1 Sep 2004	Other	4357905
John Cragoe	Portfolio manager	1 Jan 2006	Other	2803688
Garnett Lee Keith	Member (class d)	1 Jul 2017	25% - 50%	1475168

Based in Summit

The principal office where Seabridge Investment Advisors LLC performs its advisory services is located at 450 Springfield Ave, Suite 301, Summit, NJ 07901 2610, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-273-5085 or by fax 908-273-6297. The normal business hours are 8:15am--4:00pm on Monday - Friday. You can find more information about the New York firm at seabridge.com.