Per Stirling Capital Management, LLC (Austin)

Name: Per Stirling Capital Management, LLC
Address: 4800 Bee Caves Road, Austin, TX, 78746
Telephone: 512-628-2300

Per Stirling Capital Management, LLC is a large advisory firm based in Austin. It manages $1.09 billion of regulatory assets for 2,777 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Per Stirling Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Per Stirling Capital Management: assets under management

The assets under management (AUM) of Per Stirling Capital Management, LLC is $1.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2293% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.09 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $391.79 thousand each.

Per Stirling Capital Management has custody of $1.09 billion in cash and securities for 943 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Per Stirling Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Per Stirling Capital Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Per Stirling Capital Management is high net worth individuals with 172 clients and $421.52 million of assets under management. Among the 12 most similar advisory firms, Per Stirling Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $751.06 million for 941 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Per Stirling Capital Management doesn't advise any private funds.

Careers at Per Stirling Capital Management, LLC

The company employs 30 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 28 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Per Osullivan	Chief compliance officer, managing member	1 Sep 2009	25% - 50%	4175831
Robert Stirling Phipps	Managing member	1 Sep 2009	25% - 50%	1676726
Paul Alan Jacobs	Member	1 Jul 2013	Other	4997766
Richard Alan Jacobs	Member	1 Feb 2015	Other	4997776

Based in Austin

The principal office where Per Stirling Capital Management, LLC performs its advisory services is located at 4800 Bee Caves Road, Austin, TX 78746, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-628-2300 or by fax 512-551-0050. The normal business hours are 8am - 4:30pm by appointment on Monday - Friday. You can find more information about the New York firm at perstirling.com.