Sterling Capital Management provides investment advisory services to a range of clients from individuals to businesses and investment companies. With $56 billion in assets under management (AUM), the firm has headquarters in Charlotte, North Carolina; a branch in Raleigh, Philadelphia, San Francisco and Washington, D.C.; and three branches in Virginia.
Sterling Capital Management Background
Sterling began operations in 1970. Today, it exists as a subsidiary of the BB&T Corporation. Firm president Alexander W. McAlister was one of the original partners of Trinity Capital Advisors, which eventually became Sterling.
What Types of Clients Does Sterling Capital Management Accept?
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).
Sterling Capital Management Minimum Account Size
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). Here is the standard tiered-fee schedule.
|Minimum Annual Fee||$10,000|
|Minimum Annual Fee||$10,000|
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.
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 Capital Management Disclosures
Sterling had no disclosures to report in its last SEC filings. 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, call one of its offices closest to you:
Charlotte, North Carolina - (headquarters): (704) 927-4175
Philadelphia - (610) 941-1107
Raleigh, North Carolina - (919) 716-9070
Richmond, Virginia - (804) 787-8233
San Francisco - (650) 401-2239
Virginia Beach, Virginia - (757) 417-4908
Washington, DC - (202) 393-1777
Where Is Sterling Capital Management Located?
Sterling’s main office is at 4350 Congress Street, Suite 1000, Charlotte, North Carolina 28209.
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.
All information was accurate as of the writing of this article.