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SeaCrest Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

SeaCrest Wealth Management

SeaCrest Wealth Management is a large financial advisory firm located in Purchase, New York. It is included on our list of the top financial advisors in Purchase. This large, fee-based financial advisory firm has a large group of on-staff advisors and over a billion dollars in assets under management (AUM). Aside from its headquarters in New York, SeaCrest employs advisors in a handful of other states. The firm’s clients have access to investment management, financial planning, consulting and retirement plan advisory services.

As a fee-based firm, certain advisors at SeaCrest can sell financial products on a commission basis. This arrangement differs from that of a fee-only firm, which only earns compensation from client-paid fees.

SeaCrest Wealth Management Background

Founded in 2008, SeaCrest Wealth Management is principally owned by the financial services holding company SeaCrest Management, LLC. The firm is under the leadership of three managing partners: Rajesh Gupta, Edward Sullivan and Ronald Lenihan. This group has about 100 years of collective experience in investment management, making them bona fide veterans.

The advisory team at SeaCrest includes certified financial planners (CFPs), chartered financial analysts (CFAs) and certified investment management analysts (CIMAs), among other certifications.

SeaCrest Wealth Management Client Types and Minimum Account Sizes

Non-high-net-worth individuals and businesses make up the vast majority of the client base at SeaCrest Wealth Management. High-net-worth individuals, estates, trusts, retirement plans and charitable organizations round out the firm’s typical clientele.

There are no minimum investable asset requirements at SeaCrest Wealth Management.

Services Offered by SeaCrest Wealth Management

Investment management is the premier advisory service at SeaCrest Wealth Management, but it also offers financial planning and retirement plan advisory. Check out its specific services below:

  • Investment management
    • Discretionary and non-discretionary services are available
    • Portfolios are built based on:
      • Investment goals
      • Risk tolerance
      • Personal financial situation
    • Long-term asset allocation
    • Asset allocation creation and rebalances
    • Investment evaluation
  • Financial planning
    • Retirement planning
    • Education fund planning
    • Charitable gift planning
    • Investment planning
    • Consulting
  • Retirement plan advisory services
    • Discretionary investment management
    • Fiduciary training for plan sponsors

SeaCrest Wealth Management Investment Philosophy

In general, SeaCrest Wealth Management invests clients’ assets with a long-term time horizon in mind. This is evident through the firm’s consistent use of exchange-traded funds (ETFs), mutual funds and bonds in its portfolios. Should SeaCrest feel as though it’s appropriate, it may recommend that clients invest their assets with an unaffiliated, outside investment manager or platform. The firm’s role would then be to manage the separate account on a discretionary or non-discretionary basis for you.

Although SeaCrest has an affinity for long-term investing, it may shift to a shorter-term mindset under the right parameters. For example, the firm includes in its portfolios varying amounts of stocks that, while riskier than ETFs, mutual funds and bonds, offer more upside. This level of flexibility lets the firm make the investment decision that is best for you rather than adhering to an arbitrary standard.

Fees Under SeaCrest Wealth Management

The fee schedule at SeaCrest Wealth Management is extremely variable and is therefore dependent on the specifics of your personal financial and advisory needs. Investment management, the most commonly used service at the firm, has an up to 2% annual fee that’s paid in advance, on a quarterly basis.

In contrast, financial planning clients receive negotiable hourly or fixed fees, though these may be waived if you subscribe to the firm’s investment management service. When SeaCrest suggests that you use an independent manager, the fee structure associated with doing so is largely unpredictable. This is because you’ll pay rates according to the fee schedule that the outside manager uses.

SeaCrest Wealth Management Fees
Service Fees
Investment management Up to 2% annual fee
Financial planning/consulting Negotiable fixed or hourly fees*
Use of independent managers Fees based on managers’ proprietary rates (won't exceed 3% annually)

*Financial planning and consulting service fees can be waived if the Client engages the firm for investment management services. 

What to Watch Out For

Based on its SEC-filed Form ADV, SeaCrest Wealth Management has no legal or regulatory disclosures in its past.

SeaCrest Wealth Management is a fee-based firm, meaning it employs advisors who can earn compensation from sources other than client fees. In the case of SeaCrest, this refers to the fact that some of its advisors earn commissions from the sale of insurance products or securities. Regardless of this, SeaCrest Wealth Management abides by fiduciary duty, which means it must act in the best interests of its clients under all circumstances.

Opening an Account With SeaCrest Wealth Management

SeaCrest Wealth Management has advisory branches across various states, and each one has its own contact information. To get in touch with the firm’s primary office in Purchase, New York, you can call (914) 502-1900. A complete directory of each location’s phone number is available on SeaCrest’s website.

All information is accurate as of the writing of this article.

How to Learn About Investing

  • What better way to study investing than with a financial advisor that’s embedded in the investment market on a daily basis? Although financial advisors are known for financial planning and portfolio management, they often provide investment consulting to clients who have questions. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research