Sterling Capital Management LLC (Charlotte)

Name: Sterling Capital Management LLC
Address: 4350 Congress Street, Charlotte, NC, 28209
Telephone: 704-927-4175

Sterling Capital Management LLC is a large advisory firm based in Charlotte. It manages $56.89 billion of regulatory assets for 3,944 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 36 other states.

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

Sterling Capital Management: assets under management

The assets under management (AUM) of Sterling Capital Management LLC is $56.89 billion. The firm's AUM has grown by 1452% since the beginning of its operation, and $3.28 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $50.45 billion in discretionary accounts and $6.44 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $207.8 million.

Sterling Capital Management has custody of $20.15 billion in cash and securities for 882 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 23% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sterling Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Whittaker Whalen serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mark Whittaker Whalen is corporations or other businesses with 268 clients and $22.95 billion of assets under management. Among the 9 most similar advisory firms, Sterling Capital Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $56.89 billion for 3,944 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Sterling Capital Management doesn't advise any private funds.

Careers at Sterling Capital Management LLC

The company employs 165 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 34 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Mark Whittaker Whalen has been acting as President since 1 Jan 2001. Casey Kellen Mcintyre joined the executive team most recently as the Executive Director, Chief Administrative Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Whittaker Whalen	President	1 Jan 2001	Other	2785132
David Michael Ralston	Executive vice president	1 Jan 2001	Other	2785171
Brian Walton	Senior vice president	1 Jan 2001	Other	2694755
Alexander Worth Mcalister	Senior vice president	1 Jan 2001	Other	1465894
Eduardo Brea	Senior vice president	1 Jan 2001	Other	1940304
Kenneth Roy Cotner	Chief operating officer	1 Feb 2001	Other	4762683
Alexander Worth Mcalister	Managing director, president	1 Apr 2005	Other	1465894
Eduardo Brea	Senior managing director	1 Apr 2005	Other	1940304
Bb&T Corporation	Owner	1 Apr 2005	50% - 75%	56-0939887
Mark Whittaker Whalen	Managing director	1 Apr 2005	Other	2785132
David Michael Ralston	Managing director	1 Apr 2005	Other	2785171
Brian Walton	Managing director	1 Apr 2005	Other	2694755
Kenneth Roy Cotner	Chief operating officer & chief compliance officer	1 Apr 2005	Other	4762683
Scm Investors Llc	Minority owner	1 Apr 2005	25% - 50%	56-2226389
Jeffrey James Schappe	Director - bb&t designee	1 Apr 2005	Other	2883890
Keith F Karlawish	Director - bb&t designee	1 Apr 2005	Other	1981565
Robert Lee Youngblood	Director - bb&t designee	1 Apr 2005	Other	5172473
Mark M Montgomery	Senior managing director	1 Dec 2006	Other	2092398
Mark Michel Montgomery	Senior managing director, board member	1 Dec 2006	Other	2092398
Jeffrey James Schappe	Managing director	1 Sep 2010	Other	2883890
James Carlyle Willis	Managing director	1 Sep 2010	Other	2705898
Timothy Paul Beyer	Managing director	1 Sep 2010	Other	1800966
Richard Todd Lacoff	Senior managing director	1 Sep 2010	Other	2157848
Richard Eugene Fowler	Director - bb&t designee	1 Sep 2010	Other	5851375
Kenneth Roy Cotner	Managing director, chief operating officer	1 Sep 2010	Other	4762683
Andrew Wimberly Tate	Managing director	1 Sep 2010	Other	4251108
Clinton Louis Ward	Chief compliance officer	1 Sep 2010	Other	4190916
William Rufus Yates	Director - bb&t designee	1 Sep 2010	Other	4515188
Bb&T Corporation	Owner	1 Oct 2010	75% - 100%	56-0939887
Scm Investors Llc	Minority owner	1 Oct 2010	Other	56-2226389
John Bernard Jung	Director- bb&t designee	1 Jan 2013	Other	1296163
George Fitzhugh Shipp	Senior managing director	1 Jan 2013	Other	1075611
Farley Carr Shiner	Managing director	1 Jan 2013	Other	1976916
Kenneth Roy Cotner	Managing director, chief operating officer & chief compliance officer	1 Sep 2013	Other	4762683
Brian Michael Moran	Executive director, chief compliance officer	1 Jul 2014	Other	1940341
Scott Alan Haenni	Executive director, chief administrative officer	1 Sep 2014	Other	6406792
Scott Alan Haenni	Executive director, chief operating officer	1 Dec 2014	Other	6406792
John W Mcauley	Managing director	1 Aug 2015	Other	3188892
John Michael Howard	Board member	1 Dec 2015	Other	2192605
Charles Arnold Durham	Exective director, chief compliance officer	1 Jun 2018	Other	4645491
Casey Kellen Mcintyre	Executive director, chief administrative officer	1 Sep 2018	Other	7081151

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Michel Montgomery	Managing director	1 Dec 2015	25% - 50%	2092398
Alexander Worth Mcalister	Managing director	1 Dec 2015	25% - 50%	1465894
Richard Todd Lacoff	Managing director	1 Dec 2015	25% - 50%	2157848

Based in Charlotte

The principal office where Sterling Capital Management LLC performs its advisory services is located at 4350 Congress Street, Charlotte, NC 28209, which is also the mailing address of the firm. An additional office of the firm is in King Of Prussia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-927-4175 or by fax 704-376-7142. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at sterlingprivateclient.com.