Seneschal Advisors, LLC (Tacoma)


Seneschal Advisors, LLC is a large advisory firm based in Tacoma. It manages $138.51 million of regulatory assets for 492 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California and Washington.

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

Seneschal Advisors: assets under management

The assets under management (AUM) of Seneschal Advisors, LLC is $138.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $138.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $281.53 thousand each.
Seneschal Advisors has custody of $71.22 million in cash and securities for 107 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 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seneschal Advisors, 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 Seneschal Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Seneschal Advisors is high net worth individuals with 39 clients and $97.29 million of assets under management. Among the 10 most similar advisory firms, Seneschal Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.51 million for 142 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.

Seneschal Advisors doesn't advise any private funds.

Careers at Seneschal Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 75 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 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
Jon Michael Duncan Managing member & chief compliance officer 1 May 2004 50% - 75% 2121572
Jeffrey Mitchell Lang Member & director of wealth management 1 Apr 2013 25% - 50% 2512108

Based in Tacoma

The principal office where Seneschal Advisors, LLC performs its advisory services is located at 2312 N. 30 Th Street, Tacoma, WA 98403, 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 (253) 460-3430 or by fax (253) 565-0464. The normal business hours are 9:00am - 3:00pm on Monday - Friday. You can find more information about the New York firm at seneschaladvisors.com.