Sterling Capital Management LLC (Charlotte)
Sterling Capital Management LLC is a large advisory firm based in Charlotte. It manages $56.89 billion of regulatory assets for 3,944 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 36 other states.
Sterling Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Sterling Capital Management: assets under management
The assets under management (AUM) of Sterling Capital Management LLC is $56.89 billion. The firm's AUM has grown by 1452% since the beginning of its operation, and $3.28 billion of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in government bonds the most. They account for 23% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Sterling Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Mark Whittaker Whalen serves?
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Mark Whittaker Whalen is corporations or other businesses with 268 clients and $22.95 billion of assets under management. Among the 9 most similar advisory firms, Sterling Capital Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $56.89 billion for 3,944 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Sterling Capital Management doesn't advise any private funds.
Careers at Sterling Capital Management LLC
The company employs 165 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 34 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Mark Whittaker Whalen has been acting as President since 1 Jan 2001. Casey Kellen Mcintyre joined the executive team most recently as the Executive Director, Chief Administrative Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 3 indirect owners.Based in Charlotte
The principal office where Sterling Capital Management LLC performs its advisory services is located at 4350 Congress Street, Charlotte, NC 28209, which is also the mailing address of the firm. An additional office of the firm is in King Of Prussia, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 704-927-4175 or by fax 704-376-7142. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at sterlingprivateclient.com.
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