Seaport Global Asset Management LLC is a large advisory firm based in New York. It manages $169.93 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and New York.
Seaport Global Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Seaport Global Asset Management LLC is $169.93 million. The firm's AUM has grown by 1% since the beginning of its operation, and $31.3 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Seaport Global Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Seaport Global Asset Management is pooled investment vehicles with 2 clients and $32 million of assets under management. Among the 12 most similar advisory firms, Seaport Global Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $58.63 million for 8 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 17% of the firm’s clients are foreign persons or businesses.
Seaport Global Asset Management also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Michael Edward Ring joined the executive team most recently as the Chief Compliance Officer.
The principal office where Seaport Global Asset Management LLC performs its advisory services is located at 360 Madison Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-616-7700. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at seaportglobal.com/pages/asset-management.