South State Advisory, Inc. is a large advisory firm based in Columbia. It manages $418.64 million of regulatory assets for 150 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 7 other states.
South State Advisory provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. 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 South State Advisory, Inc. is $418.64 million. The firm's AUM has gone down by -40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay South State Advisory, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Edward John Jacques is pension and profit sharing plans with 70 clients and $391.88 million of assets under management. Among the 10 most similar advisory firms, South State Advisory has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $416.04 million for 147 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
South State Advisory doesn't advise any private funds.
The company employs 22 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 11 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 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.
Edward John Jacques has been acting as President since 1 Dec 2014. Brian Alan Barker joined the executive team most recently as the Director.
The principal office where South State Advisory, Inc. performs its advisory services is located at 520 Gervais St, Columbia, SC 29201, which is also the mailing address of the firm. An additional office of the firm is in Savannah, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 803-231-3492 or by fax 803-540-3944. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at southstatebank.com/wealth-management/asset-management-group/.