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Sterling Capital 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.

Sterling Capital Management provides investment advisory services to a range of clients from individuals to businesses and investment companies. With billions in assets under management (AUM), the firm has headquarters in Charlotte, North Carolina; a branch in Raleigh, North Carolina; Philadelphia, Pennsylvania; San Francisco, California; Jupiter, Florida; and Washington, D.C.; and two branches in Virginia.

Sterling Capital Management Background

Sterling began operations in 1970. Today, it exists as a subsidiary of Truist Financial Corporation. Firm CEO Alexander W. McAlister was one of the original partners of Trinity Capital Advisors, which eventually became Sterling.  

Sterling Capital Management Client Types and Minimum Account Sizes

Sterling serves individuals, high-net-worth individuals, trusts, estates, banking or thrift institutions, affiliated and non-affiliated investment companies (including mutual funds), investment advisors, pension and profit-sharing plans, charitable organizations, corporations, other business entities, insurance companies, state and municipal government entities, churches, affiliated and non-affiliated wrap programs and managed investment pools (e.g., a hedge fund).

Account minimums vary, depending on factors such as the asset classes your portfolio invests in. The firm determines these minimums on a case-by-case basis with its clients. 

Services Offered by Sterling Capital Management

Sterling provides investment advisory services to individual clients through separately managed accounts and wrap-fee programs. The firm typically applies an investment strategy of the client’s choice to a separately managed account. Sterling also provides non-discretionary and consulting services. 

Sterling Capital Management Investment Philosophy

Sterling may invest across several different asset classes including equity and fixed income. A portfolio's asset allocations would ultimately be based on factors such as the client’s risk tolerance and investing goals. 

When evaluating securities, the firm may apply several strategies such as fundamental and technical analysis. Fundamental analysis involves deep research into the financial strength of different companies in order to make projections about their future performance - and inform investment decisions. Technical analysis involves making trend-based predictions about stock price movements. 

Fees Under Sterling Capital Management

Sterling typically charges management fees as a percentage of the client's assets under management (AUM).

For Equity Separately Managed Accounts, the firm has six different strategies, each with its own fee schedule. For Fixed Income Separately Managed Accounts, the firm has another five strategies, each with its own fee schedule. These schedules are subject to change and negotiable.

The annual fee for its wrap fee programs range from 0.30% to 0.60%, depending on the strategy the investor selects.

In addition, your account will be charged expenses from third parties such as broker-dealers, custodians and other firms involved in the handling of your account. For additional details, you can access the fund prospectus documents associated with funds your account may invest in. You should also review fee-related documents provided to clients directly by Sterling. 

Learn more about advisors' typical costs here.

What to Watch Out For

The firm focuses on investment management and does not provide financial planning. If you need help with your personal finances in addition to your investments, this firm is probably not the right fit.

Sterling had no disclosures of its own to report in its last SEC filings - only one about one of its advisory affiliates. For the latest details, you can review the firm’s Form ADV on the SEC’s official website.

Opening an Account With Sterling Capital Management

To contact Sterling, visit its website to set up an appointment at one of its locations nearest you. You can also call its Charlotte, North Carolina headquarters at (704) 927-4175.

All information is accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

  • There are plenty of investment advisors who provide financial planning, too. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Learn as much as you can about your advisor before you shake on it. For some pointers, check out our piece on the five questions to ask when choosing a financial advisor.  

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