Clay Northam Wealth Management, LLC (Seal Beach)


Clay Northam Wealth Management, LLC is a large advisory firm based in Seal Beach. It manages $122.47 million of regulatory assets for 1,020 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California and Texas.

Clay Northam Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Clay Northam Wealth Management: assets under management

The assets under management (AUM) of Clay Northam Wealth Management, LLC is $122.47 million. The firm's AUM has grown by 183% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.39 million in discretionary accounts and $1.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $119.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $269.05 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in non-exchange traded securities form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Clay Northam Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Clay Northam Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Clay Northam Wealth Management is individuals with 285 clients and $63.12 million of assets under management. Among the 11 most similar advisory firms, Clay Northam Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $122.47 million for 333 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.

Clay Northam Wealth Management doesn't advise any private funds.

Careers at Clay Northam Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Darren Scott Northam Chief compliance officer 1 Sep 2011 Other 2765202
Brian Matthew Clay Managing member 1 Sep 2011 50% - 75% 4227797
Inc. Brian Clay Cfp Managing partner 1 Jan 2013 50% - 75% 46-1585636
Inc. Darren Northam Cfp Managing partner 1 Jan 2013 50% - 75% 46-1595763

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Darren Scott Northam Shareholder 1 May 2013 75% - 100% 2765202
Brian Matthew Clay Shareholder 1 May 2013 75% - 100% 4227797

Based in Seal Beach

The principal office where Clay Northam Wealth Management, LLC performs its advisory services is located at 3020 Old Ranch Parkway, Seal Beach, CA 90740, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 562-799-5547 or by fax 562-799-5725. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at claynortham.com.