Seminole Management Co., Inc. (New York)

Name: Seminole Management Co., Inc.
Address: 780 Third Avenue, New York, NY, 10017
Telephone: 212-838-6055

Seminole Management Co., Inc. is a large advisory firm based in New York. It manages $849.74 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Seminole Management Co. provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Seminole Management Co.: assets under management

The assets under management (AUM) of Seminole Management Co., Inc. is $849.74 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -53% since the beginning of its operation, and $447.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $849.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $169.95 million each.

Seminole Management Co. has custody of $849.74 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seminole Management Co., Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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 Seminole Management Co. serves?

The only and largest group of clients of Seminole Management Co. is pooled investment vehicles with 5 clients and $849.74 million of assets under management. Among the 6 most similar advisory firms, Seminole Management Co. has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $849.74 million for 5 clients. 40% of the firm’s clients are foreign persons or businesses.

Seminole Management Co. also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Seminole Management Co., Inc.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Coombe Shiverick	Portfolio manager and co-chief executive officer	1 Jan 1995	50% - 75%	1220016
Michael Gerard Messner	Portfolio manager and co-chief executive officer	1 Jan 1995	50% - 75%	1400545
Michael Gerard Messner	Principal	1 Dec 1995	50% - 75%	1400545
Paul Coombe Shiverick	Principal	1 Dec 1995	50% - 75%	1220016
Elizabeth Wheatley Reynolds	Chief compliance officer	1 Jan 2005	Other	5012755
Elizabeth Wheatley Reynolds	Chief compliance officer	1 Apr 2005	Other	5012755
Angela Marie Paradis	Chief compliance officer	1 Mar 2013	Other	6175745
Karen Rios	Co-cheif compliance officer	1 May 2013	Other	6214463
Angela Marie Paradis	Head of accounting / compliance manager	1 Dec 2013	Other	6175745
Karen Rios	Chief compliance officer	1 Dec 2013	Other	6214463
Justin Ross Kerker	Chief compliance officer	1 Apr 2016	Other	4590060

Based in New York

The principal office where Seminole Management Co., Inc. performs its advisory services is located at 780 Third Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in 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 212-838-6055 or by fax 212-421-7026. The normal business hours are 8:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at seminolecapital.com/.