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 manages more than $14 billion.
Southeastern Asset Management, Inc. Background
Southeastern was founded in 1975 by Mason Hawkins. Hawkins still owns more than 50% 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.
What Types of Clients Does Southeastern Asset Management, Inc. Accept?
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.
Southeastern Asset Management, Inc. Minimum Account Sizes
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. There is also an Asia Pacific private fund with a minimum investment of $1 million.
Services Offered by Southeastern Asset Management, Inc.
The main services offered by Southeastern are discretionary investment management and private funds.
Advisors at Southeast mostly invest in stocks and other exchange-traded equities. That represents 85% of the money at Southeast, with the rest held as cash or cash equivalents.
Fees Under Southeastern Asset Management, Inc.
The fee schedule at Southeast depends on the investment portfolio chosen:
U.S. Equity Accounts: 0.75% on all assets
Global Equity accounts and non-US Equity Accounts:
|$0 to $50 million||1.00%|
|$50 million to $100 million||0.875%|
|$100 million and up||0.750% on all assets|
|$0 to $50 million||1.15%|
|$50 million to $100 million||1.00%|
|$100 million and up||.90% on all assets|
What to Watch Out For
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.
Also note that some advisors at Southeastern are registered with an unaffiliated broker-dealer and may earn commissions. This is a conflict of interest, as it may incentivize the advisors to sell you products with higher commissions even if they aren’t the best choice for you. When acting as an advisor, though, all must act in your best interest.
There are no disclosures on record for the past 10 years at Southeastern.
Where Is Southeastern Asset Management, Inc. Located?
The firm’s main office is at 6410 Poplar Avenue, Suite 900 Memphis, Tennessee 38119.
Opening an Account With Southeastern Asset Management, Inc.
To open an account with Southeastern you can use this contact page.
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