Southernsun Asset Management LLC is a large advisory firm based in Memphis. It manages $1.52 billion of regulatory assets for 792 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Southernsun 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.
The assets under management (AUM) of Southernsun Asset Management LLC is $1.52 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $177.28 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Southernsun Asset Management LLC for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Southernsun Asset Management is investment companies with 4 clients and $521.31 million of assets under management. Among the 10 most similar advisory firms, Southernsun Asset Management has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $1.52 billion for 792 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.
Southernsun Asset Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1,000 for each fund.
The company employs 30 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Southernsun Asset Management LLC performs its advisory services is located at 240 Madison Avenue, Memphis, TN 38103, 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 901-341-2700 or by fax 901-341-2701. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at southernsunam.com.