Jay Middleton, Inc (Dagsboro)

Name: Jay Middleton, Inc
Address: 35227 Seagrass Plantation Lane, Dagsboro, DE, 19939
Telephone: 443-306-7461

Jay Middleton, Inc is an adviser based in Dagsboro. It manages $54 million of regulatory assets for 104 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Delaware, Maryland, and Texas.

Jay Middleton provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jay Middleton: assets under management

The assets under management (AUM) of Jay Middleton, Inc is $54 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $53.34 million in discretionary accounts and $661.64 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $517.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $661.64 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Jay Middleton, Inc 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 Jay Middleton serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Jay Middleton is individuals with 103 clients and $53.34 million of assets under management. Among the 2 most similar advisory firms, Jay Middleton has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $54 million for 104 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.

Jay Middleton doesn't advise any private funds.

Careers at Jay Middleton, Inc

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Jay Colin Middleton	Principal	1 Jan 2018	50% - 75%	729104
Linda Eiberger Lessey	Cco	1 Jan 2018	50% - 75%	4566021

Based in Dagsboro

The principal office where Jay Middleton, Inc performs its advisory services is located at 35227 Seagrass Plantation Lane, Dagsboro, DE 19939, 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 443-306-7461 or by fax 410-202-8174. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at oceanviewadvisory.com (pending).