The Sterling Group, L.P. (Houston)
The Sterling Group, L.P. is a large advisory firm based in Houston. It manages $1.9 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.
The Sterling Group provides 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.
The Sterling Group: assets under management
The assets under management (AUM) of The Sterling Group, L.P. is $1.9 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 52% since the beginning of its operation, and $470.1 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay The Sterling Group, L.P. 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 The Sterling Group serves?
The only and largest group of clients of The Sterling Group is pooled investment vehicles with 8 clients and $1.9 billion of assets under management. Among the 7 most similar advisory firms, The Sterling Group has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.9 billion for 8 clients. 26% of the firm’s clients are foreign persons or businesses.
The Sterling Group also advises several private funds. Namely, eight private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.
Careers at The Sterling Group, L.P.
The company employs 29 people that are either part- or full-time employees. 66 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.
Direct owners and executive officers
Based in Houston
The principal office where The Sterling Group, L.P. performs its advisory services is located at Nine Greenway Plaza, Houston, TX 77046, 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 713-877-8257 or by fax 713-877-1824. The normal business hours are 8:30 a.m. - 5:30 p.m. cst on Monday - Friday. You can find more information about the New York firm at sterling-group.com/.
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