Seascape Capital Management,LLC (Portsmouth)

Name: Seascape Capital Management,LLC
Address: 99 Bow Street, Portsmouth, NH, 03801
Telephone: (603)964-4480

Seascape Capital Management,LLC is a large advisory firm based in Portsmouth. It manages $168.74 million of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Maine, Massachusetts, and New Hampshire.

Seascape Capital Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Seascape Capital Management: assets under management

The assets under management (AUM) of Seascape Capital Management,LLC is $168.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 224% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.28 million each.

Seascape Capital Management has custody of $44.48 million in cash and securities for 71 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Seascape Capital Management,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 Seascape Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Seascape Capital Management is high net worth individuals with 98 clients and $161.05 million of assets under management. Among the 12 most similar advisory firms, Seascape Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.81 million for 133 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.

Seascape Capital Management doesn't advise any private funds.

Careers at Seascape Capital Management,LLC

The company employs 6 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James William Mccarthy	Member & cio	1 Apr 2003	75% - 100%	1371772
Monica Ann Ness	Member & sr portfolio manager & chief compliance officer	1 Apr 2005	Other	1504307
Monica Ann Mccarthy	Managing member, president, chief investment officer and chief compliance officer	1 Apr 2005	Other	1504307
The Monica Ann Ness Trust	Shareholder	1 Aug 2015	25% - 50%	xxx-xx-xxxx
The James W. Mccarthy Revocable Trust Of 1993	Shareholder	1 Oct 2015	50% - 75%	47-7371204

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Monica Ann Mccarthy	Trustee and managing member	1 Oct 2015	75% - 100%	1504307
Monica Ann Mccarthy	Trustee and managing member	1 Nov 2015	75% - 100%	1504307

Based in Portsmouth

The principal office where Seascape Capital Management,LLC performs its advisory services is located at 99 Bow Street, Portsmouth, NH 03801, 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 (603)964-4480 or by fax (603)964-4490. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at seascape-capital.com and its LinkedIn profile.