South Ocean Management Ltd. (Wanchai)

Name: South Ocean Management Ltd.
Address: 15 E 15/F, The Phoenix Building, Wanchai
Telephone: 852-2521-0332

South Ocean Management Ltd. is an adviser based in Wanchai. It manages $11.04 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2001.

South Ocean Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

South Ocean Management: assets under management

The assets under management (AUM) of South Ocean Management Ltd. is $11.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $6.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $11.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $649.56 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay South Ocean Management Ltd. for their services and products based on a percentage of assets under management and performance-based 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 Richard Esterbrook Jr Mcconnell serves?

The only and largest group of clients of Richard Esterbrook Jr Mcconnell is high net worth individuals with 17 clients and $11.04 million of assets under management. Among the 3 most similar advisory firms, South Ocean Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $11.04 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.

South Ocean Management doesn't advise any private funds.

Careers at South Ocean Management Ltd.

The company employs 2 people that are either part- or full-time employees. 100 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Esterbrook Jr Mcconnell has been acting as President since 1 Jun 1992. Trans Resources Inc joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James M Mcconnell	Shareholder	1 Jun 1992	Other	4387971
William Earll Mcconnell	Shareholder	1 Jun 1992	Other	2738134
Polly Mcconnell	Shareholder	1 Jun 1992	Other	4388564
Alexander Mcconnell	Shareholder	1 Jun 1992	Other	4388565
Richard Esterbrook Jr Mcconnell	President/ chief compliance officer	1 Jun 1992	50% - 75%	841945
Richard Esterbrook Mcconnell	President	1 Jun 1992	Other	841945
Diana Mathes Waring	Shareholder	1 Jun 1992	Other	4388566
Trans Resources Inc	Shareholder	1 Sep 1994	Other	xxx-xx-xxxx
Holding Capital Management Llc	Shareholder	1 Sep 1994	Other	13-3132580
South Ocean Investors Inc	Shareholder	1 Sep 1994	Other	13-33110050

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Allen Holding Inc	Shareholder	1 Jul 1994	25% - 50%	13-33110050
Herbert Anthony Allen	Shareholder	1 Jul 1994	25% - 50%	3313
Arie Genger	Shareholder	1 Jul 1994	50% - 75%	4388568
Johndon Equities	Shareholder	1 Jul 1994	25% - 50%	06-1429579
Sash A Spencer	President	1 Jul 1994	50% - 75%	4388567
Kim Marie Wieland	President	1 Jul 1994	25% - 50%	2289822
Daniel J Sapadin	Treasurer	1 Jul 1994	25% - 50%	3142207
D&K Partners L.P.	Shareholder	1 Jul 1994	50% - 75%	13-3749839
Sash Alexander Spencer	President	1 Jul 1994	50% - 75%	2130820
Leischner Steven	President	1 Jul 1994	50% - 75%	2130820

Based in Wanchai

The principal office where South Ocean Management Ltd. performs its advisory services is located at 15 E 15/F, The Phoenix Building, Wanchai, The mailing address of the firm is Gpo Box 1191, Central, . The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852-2521-0332 or by fax 852-2530-2546. The normal business hours are 0900-1800 on Monday - Friday. You can find more information about the New York firm at south-ocean.com.