Sisung Investment Management Services LLC (New Orleans)

Name: Sisung Investment Management Services LLC
Address: 201 St. Charles Avenue, New Orleans, LA, 70170 1048
Telephone: 504-544-7700

Sisung Investment Management Services LLC is a large advisory firm based in New Orleans. It manages $1.52 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Florida, and 4 other states.

Sisung Investment Management Services provides portfolio management for individuals and small businesses 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.

Sisung Investment Management Services: assets under management

The assets under management (AUM) of Sisung Investment Management Services LLC is $1.52 billion. The firm's AUM has grown by 1435% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.49 billion in discretionary accounts and $27.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $148.99 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.74 million.

Investments

The firm invests in government bonds the most. They account for 59% of the total AUM. The second-largest asset type is state and local bonds, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sisung Investment Management Services 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.

What kind of clients Sisung Investment Management Services serves?

The only and largest group of clients of Sisung Investment Management Services is state or municipal government entities with 12 clients and $1.52 billion of assets under management. Among the 9 most similar advisory firms, Sisung Investment Management Services has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.52 billion for 12 clients. None of the firm’s clients are foreign persons or businesses.

Sisung Investment Management Services doesn't advise any private funds.

Careers at Sisung Investment Management Services LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence John Sisung	Chairman / chief compliance officer	1 Jul 1995	75% - 100%	1285539
Robert Lane Sisung	Pres. / ceo / cfo / clo / mgr.	1 Jul 1995	Other	1990367
Richard Louis Solares	Coo / v.p.	1 Jul 1995	Other	2029652
Frances Varnell Sisung	Manager	1 Jul 1995	Other	1462197
Llc Sisung Holdings	Holding company 100% owner of sims	1 Jun 2017	75% - 100%	82-2951198

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
R. L. Sisung Company	R.l. sisung is 51% beneficial owner	1 Jun 2017	50% - 75%	82-2951302
L. J. Sisung Company	L. j. sisung is 49% beneficial owner	1 Jun 2017	25% - 50%	82-2951354

Based in New Orleans

The principal office where Sisung Investment Management Services LLC performs its advisory services is located at 201 St. Charles Avenue, New Orleans, LA 70170 1048, 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 504-544-7700 or by fax 504-544-7701. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at sisunginvestments.com.