Southeastern Asset Management Inc. is a large advisory firm based in Memphis. It manages $14.06 billion of regulatory assets for 92 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Connecticut, and 7 other states.
Southeastern Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Southeastern Asset Management Inc. is $14.06 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and $4.21 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Southeastern Asset Management Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Otis Mason Hawkins is investment companies with 6 clients and $6.84 billion of assets under management. Among the 8 most similar advisory firms, Southeastern Asset Management has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $12.59 billion for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 28% of the firm’s clients are foreign persons or businesses.
Southeastern Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
The company employs 70 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Otis Mason Hawkins has been acting as President since 1 Sep 1975. Jessica Boggan Pressgrove joined the executive team most recently as the Chief Financial Officer.
The principal office where Southeastern Asset Management Inc. performs its advisory services is located at 6410 Poplar Ave., Ste. 900, Memphis, TN 38119 4843, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 901-761-2474 or by fax 901-818-5160. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at southeasternasset.com.