Eagle Asset Management, Inc. is a fee-only registered investment advisor (RIA) headquartered in St. Petersburg, Florida. The financial advisor manages discretionary and non-discretionary accounts for clients.
Eagle Asset Management Background
Founded in 1976, Eagle Asset Management has since provided investment management services to investment managers, institutional and individual clients. The firm is a subsidiary of Carillon Tower Advisors, which is also a Florida-based RIA. Eagle Asset Management is also the owner of its own subsidiary and RIA, Eagle Boston Investment Management, Inc.
Eagle Asset Management Client Types and Minimum Account Sizes
Eagle Asset Management’s clients include high-net-worth and non-high-net-worth individuals, as well as other investment companies, pooled investment vehicles, pensions and profit-sharing plans, charitable organizations, state and municipal governments and corporations.
The firm also provides services to retail private client separate accounts, affiliated mutual funds (Carillon Funds), unaffiliated mutual funds, wrap program clients, unified managed account program sponsors and private investment funds.
Eagle Asset Management requires a $2,000,000 account minimum for institutional separate accounts, but the firm also retains the discretion to waive these fees. For performance-based accounts, the firm generally requires a $2,000,000 account minimum. For private client separate accounts invested in equity strategies, the account minimum is usually $100,000. Private separate accounts invested in fixed income strategies, however, may have an account minimum ranging from $350,000 to $1 million. Retail equity accounts generally come with a $100,000 minimum, while retail income accounts come with a $200,000 minimum. Investors in the firm’s private investment funds may experience minimums ranging from $250,000 to $2.5 million. These minimums may be reduced at the sole discretion of the firm.
Services Offered by Eagle Asset Management
- Institutional Account Services
- Corporate Pension Plans
- Public Funds
- Foundations
- Endowments
- Tax-exempt entities
- Mutual funds
- Registered investment companies
- Investment Advisory Services
- Equity Accounts
- Large Cap
- Small/Mid Cap
- International American Depositary Receipt (ADR)
- Fixed Income Accounts
- Taxable fixed income
- Tax-advantaged fixed income
- Speciality
- Strategic Income Portfolio
- Vertical Income Portfolio
- Equity Accounts
Investment Philosophy
Eagle Asset Management believes in incorporating intelligence, experience and conviction into all of its investment management services. The firm explains its approach as one that works to build investment portfolios that generate long-term return. Eagle Asset Management also assigns independent research teams to specific investment strategies. The firm may vary investment strategies to meet market conditions, and it also considers the material risks associated with each strategy.
Among the firm’s top priorities is idea generation and proprietary research. Eagle Asset Management touts on its website that each of its portfolio managers have an average of 25 years of investment experience. Along with the firm’s long-term approach to client success, Eagle Asset Management says it strives to meet each client’s specific portfolio needs.
Fees Under Eagle Asset Management
Eagle Asset Management charges advisory fees on a quarterly basis. The fee value is based on an investor’s AUM on the last day of each calendar quarter. But for some accounts, such as mutual funds, advisory fees are based on average daily assets.
The firm also serves as a sub-advisor to accounts like mutual funds or variable annuity separate accounts. But the fee schedule for such accounts differs from those shown below. Eagle Asset Management also charges fees for either sub-advisory or advisory services to Carillon funds, unaffiliated mutual funds, unified managed account programs, retail wrap programs and private investment funds. For these accounts, the fees are either specified, non-negotiable or negotiable between Eagle Asset Management and the client of the fund or account it’s sub-advising.
Large Cap Equity:
| Amount of Assets | Management Fee |
| Under $25,000,000 | 0.65% |
| Between $25,000,000 and $50,000,000 | 0.55% |
| Between $50,000,000 and $150,000,000 | 0.5% |
| Greater than $150,000,000 | 0.4% |
Small and Mid Cap Equity:
| Amount of Assets | Management Fee |
| Under $10,000,000 | 0.95% |
| Between $10,000,000 and $25,000,000 | 0.9% |
| Between $25,000,000 and $75,000,000 | 0.85% |
| Between $75,000,000 and $150,000,000 | 0.8% |
| Greater than $150,000,000 | 0.75% |
Balanced:
| Amount of Assets | Management Fee |
| Under $5,000,000 | 0.6% |
| Between $5,000,000 and $15,000,000 | 0.55% |
| Between $15,000,000 and $25,000,000 | 0.5% |
| Between $25,000,000 and $150,000,000 | 0.45% |
| Greater than $150,000,000 | 0.35% |
Fixed Income:
| Amount of Assets | Management Fee |
| Under $2,000,000 | 0.4% |
| Between $2,000,000 and $10,000,000 | 0.3% |
| Between $10,000,000 and $50,000,000 | 0.25% |
| Greater than $50,000,000 | 0.2% |
What to Watch Out For
Eagle Asset Management has three disclosures reported on its 2021 Form ADV.
The firm specifies the fees for institutional and separate accounts, but the fees for accounts the firm sub-advises may be specified, negotiable, or in some cases, non-negotiable. But it’s also important to note that the firm also retains the discretion to waive certain fees.
Though Eagle Asset Management oversees accounts with full investment discretion, clients may be able to place certain transaction restrictions on their accounts. Specifically, a client may instruct the firm to sell or avoid selling a particular security if it’s for the reason of realizing a capital loss or avoiding a capital gain.
Opening an Account With Eagle Asset Management
Investors interested in opening an account with Eagle Asset Management can do so in two ways. You can either visit the firm’s physical address, or you can set up an appointment over the phone at (800)237-3101. The firm also lists the contact information of firm representatives and advisors.
Eagle Asset Management is headquartered in Saint Petersburg, Florida, at 880 Carillon Pkwy.
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All information was accurate as of the writing of this article.
