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Sands Capital Management, LLC Review

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Sands Capital Management, LLC

Sands Capital Management, LLC is a fee-only firm based in Arlington, Virginia. The firm works with both individual and institutional clients. In total, it manages more than $35 billion.

Sands Capital Management, LLC  Background

Sands was founded in 1992. A parent company, Sands Capital Management, LP holds a majority interest in the investment advisor. Sands Family Trust, LLC, the general partner of the parent company, also has a nominal interest in the firm and serves as the manager.

What Types of Clients Does Sands Capital Management, LLC Accept?

Sands accepts both individual and institutional clients. More of their individual clients are non-high-net-worth, but high-net-worth clients are also on the rolls. Institutional clients include banking or thrift institutions, investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, state or municipal government entities, sovereign wealth funds/foreign official institutions, corporations, non-U.S. pension fund and superannuation fund.

Sands Capital Management, LLC  Minimum Account Sizes

The minimum account size at Sands depends on the strategy used. For the Global Growth strategy and the Emerging Markets Growth strategy, it is $100 million. For all others, it is $50 million.

Services Offered by Sands Capital Management, LLC 

Services Sands offers include:

  • Investment advisory
  • Investment management
  • Various investment strategies

Investment Philosophy

The following strategies are available at Sands:

  • Select Growth
  • Select Growth (Wealth Management)
  • Global Growth
  • Global Leaders
  • Emerging Markets Growth
  • Technology Innovators
  • Focus Strategies

Fees Under Sands Capital Management, LLC 

The fees at Sands depend on the strategy used. All have a management fee and some also include a performance-based fee. The fee schedules are as follows:

Select Growth

Assets Under Management Annual Percentage
First $50 million 0.75%
All over $50 million 0.50%

Select Growth (Wealth Management)

Assets  Under Management Annual Percentage
First $10 million 1.00%
Next $40 million 0.75%
All over $50 million 0.50%

Global Growth

Assets Under Management Annual Percentage
First $50 million 0.85%
Next $200 milllion 0.65%
Next $250 million 0.60%
All over $500 million 0.55%

Global Leaders

Assets Under Management Annual Percentage
First $50 million 0.85%
Next $200 million 0.65%
All over $250 million 0.55%

Emerging Markets Growth

Assets Under Management Annual Percentage
First $50 million 0.85%
Next $200 million 0.65%
All over $250 million 0.55%

Technology Innovators

Assets Under Management Annual Percentage
All Assets 0.50% base fee plus 20% of the annualized excess return versus a benchmark

Focus Strategies

Assets Under Management Annual Percentage
All Assets 0.50% base fee plus 20% of the annualized excess return versus a benchmark


What to Watch Out For

Make sure you are aware if you are investing in a strategy with performance-based fees. Also, note that this firm does not perform financial planning services like estate planning or retirement planning. If you are looking for a financial advisor who will also help you plan your future, this is not the advisor for you.

Disclosures

Sands has no disclosures on the record for the past ten years.

Where Is Sands Capital Management, LLC  Located?

Sands’ office is at 1000 Wilson Blvd. Suite 3000 Arlington, Virginia 22209, USA

Opening an Account With Sands Capital Management, LLC 

Interested in working with Sands? Email Kevin G. Murphy, the firm’s senior director for client relations, at kmurphy@sandscap.com. 

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How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research