Seaside Wealth Management, Inc. (Carlsbad)

Name: Seaside Wealth Management, Inc.
Address: 6154 Innovation Way, Carlsbad, CA, 92009
Telephone: (760) 730-8120

Seaside Wealth Management, Inc. is a large advisory firm based in Carlsbad. It manages $154.15 million of regulatory assets for 1,006 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Texas, and Utah.

Seaside Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Seaside Wealth Management: assets under management

The assets under management (AUM) of Seaside Wealth Management, Inc. is $154.15 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.57 million in discretionary accounts and $143.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $156.4 thousand.

Seaside Wealth Management has custody of $143.5 million in cash and securities for 334 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 79% 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 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seaside Wealth Management, 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 Seaside Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Seaside Wealth Management is individuals with 348 clients and $111.11 million of assets under management. Among the 10 most similar advisory firms, Seaside Wealth Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $154.15 million for 370 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.

Seaside Wealth Management doesn't advise any private funds.

Careers at Seaside Wealth Management, 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. 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 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
Bradley James Lineberger	President and chief compliance officer	1 Aug 2015	75% - 100%	5280019

Based in Carlsbad

The principal office where Seaside Wealth Management, Inc. performs its advisory services is located at 6154 Innovation Way, Carlsbad, CA 92009, 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 (760) 730-8120. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at seasidewealth.com/.