Seminole Advisory Services, LLC (Clearwater)


Seminole Advisory Services, LLC is a large advisory firm based in Clearwater. It manages $322.88 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2008.

Seminole Advisory Services 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.

Seminole Advisory Services: assets under management

The assets under management (AUM) of Seminole Advisory Services, LLC is $322.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $322.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $107.63 million each.
Seminole Advisory Services has custody of $29.49 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Seminole Advisory Services, 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 Seminole Advisory Services serves?

The only and largest group of clients of Seminole Advisory Services is pooled investment vehicles with 3 clients and $322.88 million of assets under management. Among the 9 most similar advisory firms, Seminole Advisory Services has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $322.88 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Seminole Advisory Services also advises several private funds. Namely, three real estate funds.

Careers at Seminole Advisory Services, LLC

The company employs 6 people that are either part- or full-time employees. 67 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
Robert Joseph Banks Manager 1 Nov 2008 Other 1879397
Myra Sue Peppi Assistant secretary & chief compliance officer 1 Nov 2008 Other 5620527
Ray Franklin Mathis Manager 1 Jan 2009 Other 1879400
Llc Seminole Holdings Group Member 1 Feb 2009 75% - 100% 26-3911982
Ronald James Campbell Executive officer 1 Dec 2009 Other 5763045
Robert Joseph Banks Manager, chairman of the board and president 1 Jun 2012 Other 1879397
Ronald James Campbell Manager, executive vice president, treasurer and secretary 1 Jun 2012 Other 5763045
Timothy Samuel Fetter Manager and co-chief executive officer 1 Mar 2019 Other 3154552
Christopher Gerard Diaz Manager and co-chief executive officer 1 Mar 2019 Other 5133692
Kristopher Adams Dunlop Chief financial officer and treasurer 1 Mar 2019 Other 7090054

Indirect Owners

The SEC currently registers 11 indirect owners.

Name Entity Date acquired Ownership Employer ID
Robert Joseph Banks Trustee 1 Jun 1991 75% - 100% 1879397
Ray Franklin Mathis Trustee 1 Aug 1992 75% - 100% 1879400
Jennifer J. Banks Trustee 1 Dec 2000 75% - 100% 5903774
Robert Joseph Banks Member 1 Feb 2009 75% - 100% 1879397
Ray Franklin Mathis Member 1 Feb 2009 Other 1879400
Robert J. Banks Trust Agreement Dated 6/19/91 Member 1 Oct 2009 25% - 50% xxx-xx-xxxx
Ray F. Mathis Trust Agreement Dated 8/14/92 Member 1 Oct 2009 Other xxx-xx-xxxx
Ronald James Campbell Manager 1 Jan 2010 Other 5763045
Jennifer J. Banks Trust Agreement Dated 12/5/2000 Member 1 Jan 2011 25% - 50% xxx-xx-xxxx
Timothy Samuel Fetter Manager 1 Jan 2012 Other 3154552
Christopher Gerard Diaz Manager 1 Jan 2012 Other 5133692

Based in Clearwater

The principal office where Seminole Advisory Services, LLC performs its advisory services is located at 516 Lakeview Road, Clearwater, FL 33756, which is also the mailing address of the firm. An additional office of the firm is in Belleair Bluffs, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-331-8440 or by fax 727-331-8465. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at seminolefinancialservices.com.