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Find out how Seelaus brought expanded investment strategy and trading capabilities to its clients by partnering with an RIA firm with a proven track record of more than 20 years.

THE CHALLENGE

THE CHALLENGE

James O’Mealia built a successful RIA business over 20 years, serving high-net-worth investors, small institutions and other key clients. Sunnymeath Asset Management had five professionals but Jim was the key decision-maker. In 2015, Jim developed a succession plan to ensure stability and longevity for the firm and its investors. He was inundated immediately with buyers, including Seelaus Asset Management.

OUR APPROACH

Seelaus reached out to Jim not to tell him what we could offer, but to better understand what he was looking for in a potential successor firm. It became clear to both sides that Jim’s equity expertise and local client base, along with Seelaus’ existing fixed income expertise and broader existing infrastructure, would be a powerful combination. Jim also wanted to continue to operate his business, which dovetailed nicely with Seelaus’ desire to work closely with him to better understand his clients and their needs.

One thing that was unique about Seelaus’ offering was our desire to cultivate and build upon Jim’s existing brand. Seelaus had no desire to dictate terms to Jim and, as a family-owned business itself, realized how important non-monetary inputs such as culture, branding and client service would be to Jim.

OUR APPROACH
THE RESULTS

THE RESULTS

The deal closed in April of 2017 and both sides could not be happier. There are always unforeseen issues that arise in combing two businesses, but Seelaus and O’Mealia work through these issues together. Jim, his team and his clients have become true members of the Seelaus family while Seelaus Asset has benefited fully from Jim's wealth of portfolio management and RIA industry experience. In fact, Seelaus and O’Mealia are working on a plan to solidify his presence in the Redbank community and add additional portfolio management experience that augments Jim’s trading style. There is always work to do, but in the words of Seelaus Asset CEO Kenny Klein, “the addition of Sunnymeath and Jim O’Mealia really has been a 1+1=3 situation.”