Southeastern Asset Management Inc. (Memphis)


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. 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 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.