Southeastern Asset Management Inc. (Memphis)

Name: Southeastern Asset Management Inc.
Address: 6410 Poplar Ave., Ste. 900, Memphis, TN, 38119 4843
Telephone: 901-761-2474

Southeastern Asset Management Inc. is a large advisory firm based in Memphis. It manages $14.06 billion of regulatory assets for 92 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Connecticut, and 7 other states.

Southeastern Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Southeastern Asset Management: assets under management

The assets under management (AUM) of Southeastern Asset Management Inc. is $14.06 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and $4.21 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $14.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $152.86 million each.

Southeastern Asset Management has custody of $1.23 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Southeastern Asset Management Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Otis Mason Hawkins serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Otis Mason Hawkins is investment companies with 6 clients and $6.84 billion of assets under management. Among the 8 most similar advisory firms, Southeastern Asset Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $12.59 billion for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 28% of the firm’s clients are foreign persons or businesses.

Southeastern Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Southeastern Asset Management Inc.

The company employs 70 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Otis Mason Hawkins has been acting as President since 1 Sep 1975. Jessica Boggan Pressgrove joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Otis Mason Hawkins	Chairman-ceo/shareholder/director	1 Sep 1975	50% - 75%	2316628
Mason Hawkins	Chairman-ceo/shareholder/director	1 Sep 1975	50% - 75%	2316628
Frank Stanley	Vice president/shareholder/director	1 Nov 1984	Other	1561773
Randy David Holt	Vice president, secretary, cfo/shareholder	1 May 1985	Other	4346328
George Staley Cates	President/shareholder/director	1 Aug 1987	25% - 50%	1532338
Charles Durham Reaves	Vice president & general counsel	1 Nov 1988	Other	1523672
John Buford	Vice president/shareholder	1 Mar 1990	Other	2737433
Joseph Leroy Ott	Vice president, treasurer,coo/shareholder	1 Jul 1990	Other	4346335
Andrew Rowan Mccarroll	General counsel / shareholder	1 Jan 2003	Other	4648830
Michael Jason Wittke	Chief compliance officer	1 Jan 2005	Other	4900321
Richard Wellington Hussey	Chief operating officer / shareholder / director	1 Sep 2006	Other	5244749
Steven George Fracchia	Chief financial officer / secretary / shareholder	1 Jan 2008	Other	5476590
Raymond Eugene Glotzbach	Direct owner over 5%	1 Oct 2011	Other	4552246
Raymond Eugene Glotzbach	President / shareholder / director	1 Aug 2016	Other	4552246
Joshua David Shores	Director	1 Aug 2016	Other	4925177
James Thompson	Director	1 Aug 2016	Other	2410797
Steven George Fracchia	Chief operating officer/ shareholder	1 Oct 2016	Other	5476590
Jessica Boggan Pressgrove	Chief financial officer	1 Jan 2018	Other	5966991

Based in Memphis

The principal office where Southeastern Asset Management Inc. performs its advisory services is located at 6410 Poplar Ave., Ste. 900, Memphis, TN 38119 4843, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 901-761-2474 or by fax 901-818-5160. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at southeasternasset.com.