Seelaus Asset Management Completes Acquisition of Sterling Wealth Advisors
June 10, 2019 – [Summit, N.J.] – Seelaus Asset Management, LLC, a wholly-owned subsidiary of R. Seelaus & Co., Inc. and a SEC-registered investment advisor (RIA) that specializes in portfolio management and tactical asset allocation investment strategies today announced the acquisition of Sterling Wealth Advisors, a registered investment advisory (RIA) firm based in Red Bank that serves individuals, high-net-worth families and entities. The acquisition will strengthen Seelaus’ ability to manage portfolios of agency mortgage-backed securities for current and future clients.
Lee Sterling, Cliff Sterling and Dave Mangone, principals at Sterling Wealth Advisors will join Seelaus Asset Management as portfolio managers. This marks Seelaus’ second RIA acquisition since 2017, when it acquired Sunnymeath Asset Management, also based in Red Bank.
“Sterling Wealth Advisors has a strong track record of helping clients meet their financial goals, and the firm’s culture and values align well with our firm,” said Kenny Klein, CEO of Seelaus Asset Management. “Seelaus Asset Management’s platform offers value to standalone RIAs, and this acquisition will help us to expand our offering to current clients.”
Sterling Wealth Advisors was founded in 2015 by Sterling, Sterling and Mangone.
“Seelaus brings quality, service and extensive experience to its clients, and we look forward to working closely with the team,” said Sterling.
The firm anticipates the acquisition should increase Seelaus Asset Management’s AUM to $425 million and further strengthens its presence in the Red Bank area.
About Seelaus Asset Management, LLC
Seelaus Asset Management, LLC is a wholly-owned subsidiary of R. Seelaus & Co., Inc. and is a SEC-registered investment advisor (RIA) that specializes in portfolio management and tactical asset allocation investment strategies.
Information about Seelaus Asset Management and the Seelaus Group of companies is available at rseelaus.com.
About R. Seelaus & Co., Inc.
R. Seelaus & Co., Inc. was founded in 1984 by Richard Seelaus. The firm was originally a municipal bond dealer conducting business with the major trust banks of New York and Chicago. In the over three decades since opening for business, the firm is a certified women’s business enterprise (WBE) and has grown to house four fixed income trading desks and more than sixty professionals. A full-service financial firm, R. Seelaus & Co. offers such services as investment advisory, asset management, brokerage, bond and equity trading, institutional sales, and insurance. The firm is a SEC-registered broker-dealer, member FINRA and SIPC that serves individuals, families, public and private companies, non-profit organizations, and institutional investors and has offices in downtown Summit, NJ
and Boston, MA. For more information about R. Seelaus & Co., visit