Semita Asset Management LLC (Houston)

Semita Asset Management LLC is a large advisory firm based in Houston. It manages $93.5 million of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Georgia, Louisiana, and Texas.

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

Semita Asset Management: assets under management

The assets under management (AUM) of Semita Asset Management LLC is $93.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $93.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $378.54 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Semita Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Semita Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Semita Asset Management is high net worth individuals with 217 clients and $88.1 million of assets under management. Among the 7 most similar advisory firms, Semita Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $93.5 million for 247 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.

Semita Asset Management doesn't advise any private funds.

Careers at Semita Asset Management LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Michael Alan Meagher	Managing member, chief executive officer	1 Apr 2015	75% - 100%	1666869
James Casey Hodges	Chief compliance officer, chief operating officer	1 Apr 2015	Other	2765025

Based in Houston

The principal office where Semita Asset Management LLC performs its advisory services is located at One Riverway, Suite 2000, Houston, TX 77056, 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 832.956.1000 or by fax 713.403.8251. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.