South Ocean Management Ltd. (Wanchai)


South Ocean Management Ltd. is an adviser based in Wanchai. It manages $11.04 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2001.

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

South Ocean Management: assets under management

The assets under management (AUM) of South Ocean Management Ltd. is $11.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $6.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $11.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $649.56 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay South Ocean Management Ltd. 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 Richard Esterbrook Jr Mcconnell serves?

The only and largest group of clients of Richard Esterbrook Jr Mcconnell is high net worth individuals with 17 clients and $11.04 million of assets under management. Among the 3 most similar advisory firms, South Ocean Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $11.04 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.

South Ocean Management doesn't advise any private funds.

Careers at South Ocean Management Ltd.

The company employs 2 people that are either part- or full-time employees. 100 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 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.

Richard Esterbrook Jr Mcconnell has been acting as President since 1 Jun 1992. Trans Resources Inc joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James M Mcconnell Shareholder 1 Jun 1992 Other 4387971
William Earll Mcconnell Shareholder 1 Jun 1992 Other 2738134
Polly Mcconnell Shareholder 1 Jun 1992 Other 4388564
Alexander Mcconnell Shareholder 1 Jun 1992 Other 4388565
Richard Esterbrook Jr Mcconnell President/ chief compliance officer 1 Jun 1992 50% - 75% 841945
Richard Esterbrook Mcconnell President 1 Jun 1992 Other 841945
Diana Mathes Waring Shareholder 1 Jun 1992 Other 4388566
Trans Resources Inc Shareholder 1 Sep 1994 Other xxx-xx-xxxx
Holding Capital Management Llc Shareholder 1 Sep 1994 Other 13-3132580
South Ocean Investors Inc Shareholder 1 Sep 1994 Other 13-33110050

Indirect Owners

The SEC currently registers 10 indirect owners.

Name Entity Date acquired Ownership Employer ID
Allen Holding Inc Shareholder 1 Jul 1994 25% - 50% 13-33110050
Herbert Anthony Allen Shareholder 1 Jul 1994 25% - 50% 3313
Arie Genger Shareholder 1 Jul 1994 50% - 75% 4388568
Johndon Equities Shareholder 1 Jul 1994 25% - 50% 06-1429579
Sash A Spencer President 1 Jul 1994 50% - 75% 4388567
Kim Marie Wieland President 1 Jul 1994 25% - 50% 2289822
Daniel J Sapadin Treasurer 1 Jul 1994 25% - 50% 3142207
D&K Partners L.P. Shareholder 1 Jul 1994 50% - 75% 13-3749839
Sash Alexander Spencer President 1 Jul 1994 50% - 75% 2130820
Leischner Steven President 1 Jul 1994 50% - 75% 2130820

Based in Wanchai

The principal office where South Ocean Management Ltd. performs its advisory services is located at 15 E 15/F, The Phoenix Building, Wanchai, The mailing address of the firm is Gpo Box 1191, Central, . The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852-2521-0332 or by fax 852-2530-2546. The normal business hours are 0900-1800 on Monday - Friday. You can find more information about the New York firm at south-ocean.com.

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