Annandale provides investment counsel to clients and selects investments and investment
managers for clients to meet each client’s investment objectives and financial needs.
Annandale focuses on advancing each client’s distinct investment objectives through asset
allocation, manager selection, research, portfolio customization, and reporting.
Owner. George E. Seay, III founded Annandale Capital, LLC in 2005. He serves as
executive chairman of Annandale and focuses on the strategic asset allocation process,
manager selection process, and new business development. He is also the trustee and
beneficiary of the W.P. Clements, Jr. Trust No. 1 For George E. Seay, III. The trust is the
primary owner of Annandale and is the only owner of more than 25% of the firm.
Types of Advisory Services. Annandale helps clients achieve their investment goals by
allocating client investments across various asset classes, selecting underlying fund
managers, analyzing risk to protect the portfolio against disproportionate losses, and
offering overall advice regarding which investment solutions work best for the client given
their need to convert their assets to cash (“liquidity”). In some cases, individual stocks and
bonds are used instead of or along with managers. As part of providing investment
management services, Annandale also provides performance reporting to clients. Ancillary
services are outsourced to firms that specialize
in each particular service so Annandale can
focus on providing investment advice.
Annandale does not limit its investment advice to particular investment types; instead, it
broadly advises clients regarding equities, fixed income, hedge funds, private equity,
commodities, real estate, and other asset classes.
Tailored Services. Because Annandale focuses its services on one area, investment
management, it does not provide a large variety of services to each client. At the same time,
Annandale does tailor its services to individual client needs by asking a series of questions
that focus, among other things, on client goals, investment objectives, risk tolerances, time
horizons, cash needs, and tax situations. Through this dialogue with clients, Annandale can
then tailor its investment approach to meet clients’ individual needs. Additionally, some
clients occasionally express desires for or against particular types of assets, while other
clients hire Annandale to invest in only certain asset classes. In these cases, Annandale
adjusts the recommended asset allocation to include client-specific preferences within the
investment mandate.
Participation in Wrap Fee Program. Annandale does not participate in wrap fee
programs.
Amount of Client Assets. As of 12/31/2023, Annandale managed $1,155,598,000 on a
discretionary basis, and $142,407,000 on a non-discretionary basis, for a total of $
1,298,005,000.