Seaway Advisors,Ltd. (Fairport)

Name: Seaway Advisors,Ltd.
Address: 1387 Fairport Rd, Fairport, NY, 14450
Telephone: 585-425-9510

Seaway Advisors,Ltd. is a mid-sized advisory firm based in Fairport. It manages $32.12 million of regulatory assets for 88 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

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

Seaway Advisors: assets under management

The assets under management (AUM) of Seaway Advisors,Ltd. is $32.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $32.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $365.05 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Seaway Advisors,Ltd. 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 Terrance Bernard Mulhern serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Terrance Bernard Mulhern is high net worth individuals with 31 clients and $16.37 million of assets under management. Among the 3 most similar advisory firms, Seaway Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $32.12 million for 88 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.

Seaway Advisors doesn't advise any private funds.

Careers at Seaway Advisors,Ltd.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

Terrance Bernard Mulhern has been acting as President since 1 Jun 2009. Bradford Lloyd Mcadam joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bradford Lloyd Mcadam	Chief compliance officer	1 Feb 2009	50% - 75%	4350691
Terrance Bernard Mulhern	President	1 Jun 2009	50% - 75%	1670284

Based in Fairport

The principal office where Seaway Advisors,Ltd. performs its advisory services is located at 1387 Fairport Rd, Fairport, NY 14450, 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 585-425-9510 or by fax 585-425-9511. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at seawayadvisors.com.