Blue Sea Capital LLC (West Palm Beach)

Name: Blue Sea Capital LLC
Address: 222 Lakeview Avenue, West Palm Beach, FL, 33401 6150
Telephone: 561-655-8400

Blue Sea Capital LLC is a large advisory firm based in West Palm Beach. It manages $385.93 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Florida.

Blue Sea Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blue Sea Capital: assets under management

The assets under management (AUM) of Blue Sea Capital LLC is $385.93 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $385.93 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $192.97 million each.

Blue Sea Capital has custody of $385.93 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blue Sea Capital LLC for their services and products based on a percentage of assets under management and performance-based 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 Blue Sea Capital serves?

The only and largest group of clients of Blue Sea Capital is pooled investment vehicles with 2 clients and $385.93 million of assets under management. Among the 9 most similar advisory firms, Blue Sea Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $385.93 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Blue Sea Capital also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Blue Sea Capital LLC

The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
James R. Davis	Partner, manager	1 Oct 2012	Other	6245400
Richard J. Wandoff	Partner, manager	1 Oct 2012	Other	6245401
Mark J. Silk	Partner, manager	1 Oct 2012	Other	6245402
Adam Peter Klein	Chief compliance officer	1 Sep 2013	Other	6014071
Scott Richard Kirkendall	Principal	1 Oct 2013	Other	4249391
Matthew Paul Turk	Principal	1 Oct 2013	Other	5330304
T. Andrew Boswell	Principal	1 Oct 2013	Other	6290792
Kaustuv Sen	Principal	1 Apr 2016	Other	3266116

Based in West Palm Beach

The principal office where Blue Sea Capital LLC performs its advisory services is located at 222 Lakeview Avenue, West Palm Beach, FL 33401 6150, 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 561-655-8400 or by fax 561-922-8844. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at blueseacapital.com.