Suncoast Equity Management, LLC (Tampa)

Name: Suncoast Equity Management, LLC
Address: 5550 W Executive Dr, Tampa, FL, 33609
Telephone: (813) 963-0502

Suncoast Equity Management, LLC is a large advisory firm based in Tampa. It manages $422.17 million of regulatory assets for 618 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, California, Connecticut, and 6 other states.

Suncoast Equity Management 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.

Suncoast Equity Management: assets under management

The assets under management (AUM) of Suncoast Equity Management, LLC is $422.17 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 63% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $422.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $683.13 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Suncoast Equity Management, 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 Donald Robert Jowdy serves?

The firm provides services to individuals, insurance companies, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Donald Robert Jowdy is high net worth individuals with 104 clients and $268.41 million of assets under management. Among the 9 most similar advisory firms, Suncoast Equity Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $387.61 million for 372 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.

Suncoast Equity Management doesn't advise any private funds.

Careers at Suncoast Equity Management, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Donald Robert Jowdy has been acting as President since 1 Sep 1997. Elliott Taylor Sharp joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Robert Jowdy	President	1 Sep 1997	75% - 100%	2317293
Sanibel Captiva Holdings Inc.	Owner	1 Aug 2010	Other	45-1624330
Elliott Taylor Sharp	Cco	1 Mar 2014	Other	5538537

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Robert Jowdy	Co-owner	1 Jul 2013	Other	2317293

Based in Tampa

The principal office where Suncoast Equity Management, LLC performs its advisory services is located at 5550 W Executive Dr, Tampa, FL 33609, 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 (813) 963-0502 or by fax (813) 830-6062. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at suncoastequity.com.