Seven Canyons Advisors, LLC (Salt Lake City)

Name: Seven Canyons Advisors, LLC
Address: 79 South Main St. 4 Th Floor, Salt Lake City, UT, 84111
Telephone: 801 888-2541

Seven Canyons Advisors, LLC is a large advisory firm based in Salt Lake City. It manages $131.62 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Utah.

Seven Canyons Advisors provides portfolio management for investment companies and 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.

Seven Canyons Advisors: assets under management

The assets under management (AUM) of Seven Canyons Advisors, LLC is $131.62 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3190% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $43.87 million each.

Seven Canyons Advisors has custody of $2.86 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seven Canyons Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Seven Canyons Advisors serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Seven Canyons Advisors is investment companies with 2 clients and $128.75 million of assets under management. Among the 8 most similar advisory firms, Seven Canyons Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $131.62 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Seven Canyons Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Seven Canyons Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Spencer Paul Stewart	Manager	1 Sep 2017	Other	5504744
Eric Mccoy Moessing	Manager and chief compliance officer	1 Nov 2017	Other	6881347
Wesley Lawrence Golby	Manager	1 Mar 2018	Other	2676232
Samuel Spencer Stewart	Manager	1 Apr 2018	Other	1817659
Joshua B Stewart	Manager	1 Apr 2018	Other	4710606
Matthew Ashley Swendiman	Chief compliance officer	1 Aug 2019	Other	2849367

Based in Salt Lake City

The principal office where Seven Canyons Advisors, LLC performs its advisory services is located at 79 South Main St. 4 Th Floor, Salt Lake City, UT 84111, which is also the mailing address of the firm. An additional office of the firm is in Hudson, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801 888-2541. The normal business hours are 09:00-17:00 on Monday - Friday. You can find more information about the New York firm at sevencanyonsadvisors.com.