Eagle Bay Advisors LLC (New York)

Name: Eagle Bay Advisors LLC
Address: 40 Wall Street, New York, NY, 10005
Telephone: 212-634-7879

Eagle Bay Advisors LLC is a large advisory firm based in New York. It manages $290.65 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, and New York.

Eagle Bay Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eagle Bay Advisors: assets under management

The assets under management (AUM) of Eagle Bay Advisors LLC is $290.65 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $290.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.02 million each.

Investments

The firm invests in exchange traded securities the most. They account for 23% of the total AUM. The second-largest asset type is state and local bonds, which make up 22% of the firm’s portfolio. Investments in pooled investment vehicles form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eagle Bay Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Eagle Bay Advisors serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Eagle Bay Advisors is high net worth individuals with 17 clients and $281.7 million of assets under management. Among the 13 most similar advisory firms, Eagle Bay Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $290.65 million for 29 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.

Eagle Bay Advisors doesn't advise any private funds.

Careers at Eagle Bay Advisors LLC

The company employs 5 people that are either part- or full-time employees. 80 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
Michael David Nelson	Chief compliance officer and managing member	1 Jun 2015	75% - 100%	4895869
Scott Fried Posner	Managing partner	1 Jun 2015	Other	6554679
Robert V. Castro	Chief compliance officer	1 Feb 2016	Other	6628671

Based in New York

The principal office where Eagle Bay Advisors LLC performs its advisory services is located at 40 Wall Street, New York, NY 10005, 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 212-634-7879. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at eaglebayadv.com and its LinkedIn profile.