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Southeastern Asset Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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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How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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