Southeastern Asset Management is a fee-based advisor located in Memphis, Tennessee. The firm mostly advises institutional clients but does do some business with individuals, both high-net-worth and non-high-net-worth. If you are looking for a firm with more of a focus on individual clients, consider using SmartAsset’s free financial advisor matching service.
Southeastern Asset Management Background
Southeastern was founded in 1975 by Mason Hawkins. Hawkins still owns more than 25% of the firm and serves as chairman. More than 25% is owned by G. Staley Cates, who joined the firm in 1986 and serves as vice chairman. The remainder of the firm is owned by employees.
Southeastern Asset Management Client Types and Minimum Account Sizes
Most of Southeastern’s clients are institutional, including investment companies, pooled investment vehicles, pension and profit-sharing plans, charitable organizations, other investment advisors, insurance companies, corporations, partnerships and voluntary employees' beneficiary associations. There is also a small number of individual clients, both high-net-worth and non-high-net-worth.
The minimum account size varies based on the type of client and the investment style. For private accounts, the minimum is $25 million for U.S. equity, global equity and non-U.S. equity, while it is $10 million for Asia-Pacific equity.
Services Offered by Southeastern Asset Management
The main services offered by Southeastern are discretionary investment management and private funds.
Southeastern Asset Management Investment Philosophy
Advisors at Southeast mostly invest in stocks and other exchange-traded equities. That represents most of the money at Southeast, with the rest held as cash or cash equivalents.
Fees Under Southeastern Asset Management
The fee schedule at Southeast depends on the investment portfolio chosen:
- U.S. Equity Accounts: 0.75% on all assets
- Global Equity Accounts/Non-U.S. Equity Accounts: 0.75% - 1.00%
- Asia-Pacific Accounts: 0.90% - 1.15%
If your account value falls below $100 solely based on market movements, then the firm will honor the 0.90% fee. Otherwise, the above schedule applies to all assets. Small-cap accounts are charged 1.00% annually on the first $25 million and 0.75% on balances above that threshold.
What to Watch Out For
Southeastern Asset Management does not have any disclosures on its SEC-filed Form ADV.
As noted above, though the firm does advise individual clients, that is not its primary business. If you want an advisor with a focus on individual clients, find one with SmartAsset’s free financial advisor matching service.
Opening an Account With Southeastern Asset Management
To open an account with Southeastern you can use the contact page on the firm's website. You can also give them a call over the phone.
All information is accurate as of the writing of this article.
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