Annandale Capital, LLC (Dallas)

Name: Annandale Capital, LLC
Address: 2626 Cole Avenue, Suite 700, Dallas, TX, 75204
Telephone: 214-523-5000

Annandale Capital, LLC is a large advisory firm based in Dallas. It manages $629.29 million of regulatory assets for 146 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Texas.

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

Annandale Capital: assets under management

The assets under management (AUM) of Annandale Capital, LLC is $629.29 million. The firm's AUM has grown by 1228% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $516.54 million in discretionary accounts and $112.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.61 million.

Annandale Capital has custody of $182.78 million in cash and securities for 70 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 60% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 26% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Annandale Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 George Edward Seay serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Edward Seay is high net worth individuals with 107 clients and $540.25 million of assets under management. Among the 10 most similar advisory firms, Annandale Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $629.29 million for 146 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.

Annandale Capital doesn't advise any private funds.

Careers at Annandale Capital, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

George Edward Seay has been acting as President since 1 Dec 2012. Ryan Michael Hembree joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Prothro Family Limited Partnership Ltd	Member	1 Sep 2005	Other	71-0927215
George Edward Seay	Member/manager/designated principal	1 Sep 2005	50% - 75%	3070022
Leonidas Leonard Blaylock	Member/manager	1 Sep 2005	Other	5026041
James Howardcullum Clark	Elected manager	1 Sep 2005	Other	2468714
Blaylock Investment Trust	Member	1 Sep 2005	Other	xxx-xx-xxxx
Judith G O'polka	Chief compliance officer	1 Sep 2005	Other	5029499
Llc Hedgewood International	Investor	1 Sep 2005	Other	20-3022314
Llc Mc Smith Interests	Member	1 Sep 2005	Other	42-1585251
Joseph William Sarno	Member/manager	1 Sep 2005	Other	5026041
Leonidas Leonard Blaylock	Chief compliance officer	1 Mar 2006	Other	5026041
Ray Willets Washburne	Member	1 Mar 2006	Other	5652411
Thomas Walker Shirley	President	1 Jun 2008	Other	5240153
Joseph William Sarno	Chief compliance officer	1 Jun 2009	Other	5026041
Craig Wenning	Chief compliance officer	1 Dec 2009	Other	3095090
George Edward Seay	Chairman	1 Dec 2012	75% - 100%	3070022
Craig Wenning	Chief executive officer	1 Dec 2012	Other	3095090
Ryan Michael Hembree	Chief compliance officer	1 Dec 2012	Other	6177093

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Caren H Prothro	General partner & limited partner	1 Dec 2002	75% - 100%	5028725
Nita Prothro Clark	General partner	1 Dec 2002	Other	5028726
Vincent H Prothro	General partner	1 Dec 2002	Other	5028727
James Howardcullum Clark	General partner	1 Aug 2003	Other	2468714
Leonidas Leonard Blaylock	Trustee	1 Aug 2005	Other	5026041
Joseph William Sarno	Trustee	1 Aug 2005	Other	5026041
Mark Clay Smith	Member	1 Sep 2005	75% - 100%	5652293
John Doyle Simmons	Trustee	1 Sep 2005	Other	4483034
Simmons Dynasty Trust	Member	1 Sep 2005	75% - 100%	37-0259310
Jayne Simmons	Trustee	1 Sep 2005	Other	5653561

Based in Dallas

The principal office where Annandale Capital, LLC performs its advisory services is located at 2626 Cole Avenue, Suite 700, Dallas, TX 75204, 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 214-523-5000 or by fax 214-523-5029. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at annandalecap.com and its LinkedIn profile.