Davis & Seiley Wealth Management, Inc. (La Mesa)

Name: Davis & Seiley Wealth Management, Inc.
Address: 5400 Connecticut Avenue, La Mesa, CA, 91942
Telephone: 619-697-2684

Davis & Seiley Wealth Management, Inc. is a large advisory firm based in La Mesa. It manages $145.63 million of regulatory assets for 667 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Idaho, Texas, and Utah.

Davis & Seiley Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Davis & Seiley Wealth Management: assets under management

The assets under management (AUM) of Davis & Seiley Wealth Management, Inc. is $145.63 million. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $134.77 million in discretionary accounts and $10.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $258.74 thousand.

Davis & Seiley Wealth Management has custody of $134.77 million in cash and securities for 248 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 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Davis & Seiley Wealth Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Marc Clinton Davis serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Marc Clinton Davis is high net worth individuals with 41 clients and $78.05 million of assets under management. Among the 9 most similar advisory firms, Davis & Seiley Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.63 million for 262 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.

Davis & Seiley Wealth Management doesn't advise any private funds.

Careers at Davis & Seiley Wealth Management, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Marc Clinton Davis has been acting as President since 1 Jan 2006. Joseph Michael Seiley joined the executive team most recently as the Vice President & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marc Clinton Davis	President	1 Jan 2006	50% - 75%	2087050
Joseph Michael Seiley	Vice president & chief compliance officer	1 Jan 2006	50% - 75%	4899261
Joseph Michael Seiley	Vice president & chief compliance officer	1 Oct 2010	50% - 75%	4899261
Marc Clinton Davis	President	1 Oct 2010	50% - 75%	2087050

Based in La Mesa

The principal office where Davis & Seiley Wealth Management, Inc. performs its advisory services is located at 5400 Connecticut Avenue, La Mesa, CA 91942, 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 619-697-2684 or by fax 619-697-8257. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at davis-seiley.com.