Seabury Capital’s Merchant Bank gains traction as a provider of solutions to investment management firms
NEW YORK, March 15, 2010 – Seabury Capital today announced that its strategic advisory and merchant bank unit, SeaCap Partners has been selected to provide its human capital solutions services to the following Registered Investment Advisors (RIAs): Heritage Financial Services of Norwood, MA; Retirement Planning Group of Overland Park, KS; and Niemann Capital of Scotts Valley, CA. The services being provided to these RIAs and others across the country address a variety of business components including recruitment and retention as well as ownership structure and compensation models.
SeaCap Partners is a strategic advisory and merchant bank focused exclusively on the global investment management industry. It is uniquely positioned to address a broad range of issues facing investment management firms, including: strategic development, growth engineering, talent management, capital access, equity re-structuring and new partnership identification. SeaCap Partners helps investment management firms overcome their respective challenges as they seek to optimize valuation, enhance financial flexibility, maximize growth potential and achieve their short and long term objectives.
“Our selection by these respected RIAs for our SeaCap Solutions compensation structuring capabilities represents another dimension of our SeaCap Partners strategic advisory services,” said Jeffrey Bowman, Managing Director, SeaCap Partners. “A key focus for us is providing objective, strategic advice to investment management firms seeking our full suite of merchant banking services: strategic advisory, compensation structuring, and capital access.”
“SeaCap Solutions were extremely helpful in setting up the perfect Phantom Stock Equity Plan and Executive Employment Agreements for my staff. They listened intently to what I wanted to accomplish, educated me on the options, and then designed, customized and implemented the best plan to meet our needs and budget. The high level of professionalism, attention to detail, and patience throughout the process was refreshing and the end product exceeded our expectations,” said Heritage Financial Services Chief Executive Officer, Chuck Bean.
“We engaged SeaCap Solutions for advice concerning the recruitment and retention of wirehouse advisors we were looking to add to our practice,” said Chris Costello, Chief Executive Officer, Retirement Planning Group. “SeaCap educated us on the various forms of incentive compensation plans, designed a plan, and then worked closely with us to customize the elements of the plan to perfectly match our desired intentions. As a result, we were able to successfully recruit two established financial advisors from one of the major wirehouses and the Phantom Stock Plan ended up being a pivotal component in our negotiations.”
“Our new performance management system provides excellent tools for developing employees and setting goals that drive performance and are aligned with company strategy. Working with SeaCap Solutions from day one was a very positive and educational experience for us,” stated Julie Donahue, Head of Human Resources for Niemann Capital Management.
About Seabury Capital
The Seabury Capital is a global investment banking and advisory group with more than 200 professionals providing investment banking, restructuring/corporate recovery, management consulting, IT development, and human capital advisory services. SeaCap Partners is a strategic advisory and merchant bank focused exclusively on the global investment management industry.
Seabury is the leading global advisor to the aviation industry, having successfully managed seven of the 10 largest airline restructurings or corporate recoveries in the world, and raised over $30 billion of capital financing, including over $3.5 billion of equity financings.
Seabury professionals have in-depth experience providing advisory services to a broad range of industries including aerospace, automotive, aviation, cargo, consumer products, distribution, financial services, gaming, infrastructure (ports and airports), logistics and maritime and manufacturing. Seabury has advised more than 500 client relationship spanning Africa, Australia, Asia, Europe, the Middle East, and the Americas with principal offices in New York, London, Amsterdam, Hong Kong, Los Angeles, Minneapolis, and Washington, D.C., and additional offices in Fort Lauderdale, Fla., Houston, and Singapore. For more information, please visit: www.seaburygroup.com.