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Southeastern Asset Management, Inc. Review

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Southeastern Asset Management, Inc.

Southeastern Asset Management, Inc.

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.

Investment Philosophy

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


Asia-Pacific Accounts

$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. 

Disclosures

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

Tips for Investment

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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