Southeast Asset Advisors, Llc
- Regulatory AUM
- $4.2B
- Discretionary
- $2.4B
- Clients
- 334
- Avg AUM / client
- $12.6M
- Accounts
- 1,356
- Employees
- 14
AUM over time
Annual snapshots from Form ADV filings · as of May 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 96 | $36.3M | 0.87% |
| High net worth individuals | 185 | $2.6B | 61.2% |
| Pooled investment vehicles (non-investment companies) | 7 | $444M | 10.6% |
| Pension and profit sharing plans | 7 | $32.2M | 0.77% |
| Charitable organizations | 23 | $1.0B | 23.9% |
| State or municipal government entities | Fewer than 5 clients | $52.5M | 1.25% |
| Corporations and other businesses | 16 | $59.7M | 1.42% |
Private funds (7)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $328M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Conifer Partners Ii, Llc | Private Equity Fund | Delaware | $109M | 45 |
| Sea Hci Spv, Llc | Other Private Fund | Delaware | $92.1M | 69 |
| Conifer Partners Iv, Llc | Private Equity Fund | Delaware | $48.2M | 42 |
| Conifer Partners Iii, Llc | Private Equity Fund | Delaware | $37.2M | 39 |
| Saa Tiger 14, Llc | Other Private Fund | Delaware | $20.4M | 19 |
| Teton Pines Capital, Llc | Other Private Fund | Georgia | $15.5M | 3 |
| Saa Tiger 15, Llc | Other Private Fund | Delaware | $6.0M | 12 |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bernard Nmn Lanigan | Chairman & Ceo | Dec 1991 (35y) | ≈ 18.75% – 50% via Seaa Holdings, Inc. | |
| Charles Bradford Jackson | Chief Compliance Officer, Chief Financial Officer And President | CFA | Dec 1991 (35y) | Less than 5% |
| Frank John Mercer | Shareholder | CFP | Aug 1997 (29y) | GP / trustee / elected manager of Seaa Holdings, Inc. (indirect) |
| Mark Cooper Saussy | Chief Operating Officer, Executive Vice President And Secretary | CFP | Apr 2003 (23y) | Less than 5% |
| David Mark Fletcher | Shareholder | May 2003 (23y) | GP / trustee / elected manager of Seaa Holdings, Inc. (indirect) | |
| Thomas Mikell Leland | Member | Dec 2015 (11y) | 5% – 10% | |
| Granger Christian Osborne | Member | Aug 2019 (7y) | 5% – 10% | |
| Johnson, Edward, George | Member | Jul 2020 (6y) | 5% – 10% | |
| Jacob Andrew Odum | Registered representative | CFP | Sep 2021 (5y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Seaa Holdings, Inc. | Managing Member | Sep 2019 | A | 75% or more |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Bernard Nmn Lanigan: 25% – 50% of Seaa Holdings, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (7, $328M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Conifer Partners Ii, Llc | Private Equity Fund | $109M | $1.0M | 45 |
| Sea Hci Spv, Llc | Other Private Fund | $92.1M | $1.0M | 69 |
| Conifer Partners Iv, Llc | Private Equity Fund | $48.2M | $1.0M | 42 |
| Conifer Partners Iii, Llc | Private Equity Fund | $37.2M | $1.0M | 39 |
| Saa Tiger 14, Llc | Other Private Fund | $20.4M | $1.0M | 19 |
| Teton Pines Capital, Llc | Other Private Fund | $15.5M | $0 | 3 |
| Saa Tiger 15, Llc | Other Private Fund | $6.0M | $1.0M | 12 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/21/2026 | 2.45 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $1.9B (46% of AUM) May 2026
- Regions Bank $443M (11% of AUM) May 2026
- Bofa Securities, Inc. $423M (10% of AUM) May 2026
- U.S. Trust, Bank Of America $374M (10% of AUM) Oct 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 21, 2026.
View current Form ADV (SEC/IAPD) ↗