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Sterling Capital Management Review

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Sterling Capital Management LLC

Sterling Capital Management LLC

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.

Equity

Account Size Fee
First $5,000,000 1.00%
Next $10,000,000 0.75%
Next $10,000,000 0.65%
Over $25,000,000 0.50%
Minimum Annual Fee  $10,000

 

Fixed Income

Account Size Fees
First $5,000,000 0.50%
Next $5,000,000 0.40%
Over $10,000,000 0.25%
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.

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