# SEF Financial

> SEF Financial is a state-registered investment advisory firm, registered since 2018, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 9, 2026.

- CRD: 173923
- Filed as: SEF FINANCIAL
- Legal name: SEM Capital, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Tennessee
- Filing period: October 2026
- Form ADV filing dated: February 9, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/173923
- AdvisorCensus page: https://advisorcensus.com/firm/sef-financial-173923

## Quick answers

**How is SEF Financial compensated?**
On its Form ADV (Item 5.E, October 2026), SEF Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**Is SEF Financial registered with the SEC or a state?**
SEF Financial is a state-registered investment advisory firm, registered since 2018. Status as filed: APPROVED. CRD 173923.

**How much does SEF Financial manage?**
SEF Financial reports $35,494,168 in regulatory assets under management in its Form ADV filing dated February 9, 2026 (85% discretionary).

**What types of clients does SEF Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (42); high net worth individuals (16).

**Does SEF Financial report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/173923

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Regulatory assets under management (Item 5.F)
- Total: $35,494,168
- Discretionary: $30,187,042
- Non-discretionary: $5,307,126

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 42 | $4,851,403 |
| High net worth individuals | 16 | $30,642,765 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- seffinancial.com

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SEF Financial (CRD 173923): Form ADV filing data as of October 2026.