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. To find one near you, use SmartAsset’s financial advisor matching tool. After you answer some questions about your financial needs and goals, the tool links you with up to three suitable advisors in your area.
- 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.