Seaside Advisory Services, Inc. (Carlsbad)

Name: Seaside Advisory Services, Inc.
Address: 2032 Corte Del Nogal,, Carlsbad, CA, 92011
Telephone: (760) 433-4632

Seaside Advisory Services, Inc. is a large advisory firm based in Carlsbad. It manages $94 million of regulatory assets for 655 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Nevada, New York, and Texas.

Seaside Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Seaside Advisory Services: assets under management

The assets under management (AUM) of Seaside Advisory Services, Inc. is $94 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and $66.85 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.51 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seaside Advisory Services, Inc. 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 Shawn Christopher Orser serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Shawn Christopher Orser is high net worth individuals with 22 clients and $47.73 million of assets under management. Among the 5 most similar advisory firms, Seaside Advisory Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $94 million for 255 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Seaside Advisory Services doesn't advise any private funds.

Careers at Seaside Advisory Services, Inc.

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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
Shawn Christopher Orser	President/chief compliance officer	1 Jun 2016	75% - 100%	2962642

Based in Carlsbad

The principal office where Seaside Advisory Services, Inc. performs its advisory services is located at 2032 Corte Del Nogal,, Carlsbad, CA 92011, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (760) 433-4632 or by fax (760) 433-1817. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at seasideadvisory.com.