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.

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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.


The firm manages $50.45 billion in discretionary accounts and $6.44 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $207.8 million.
Sterling Capital Management has custody of $20.15 billion in cash and securities for 882 clients in total and its related person acts as a qualified custodian.

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



Name Entity Date acquired Ownership Employer ID
Mark Whittaker Whalen President 1 Jan 2001 Other 2785132
David Michael Ralston Executive vice president 1 Jan 2001 Other 2785171
Brian Walton Senior vice president 1 Jan 2001 Other 2694755
Alexander Worth Mcalister Senior vice president 1 Jan 2001 Other 1465894
Eduardo Brea Senior vice president 1 Jan 2001 Other 1940304
Kenneth Roy Cotner Chief operating officer 1 Feb 2001 Other 4762683
Alexander Worth Mcalister Managing director, president 1 Apr 2005 Other 1465894
Eduardo Brea Senior managing director 1 Apr 2005 Other 1940304
Bb&T Corporation Owner 1 Apr 2005 50% - 75% 56-0939887
Mark Whittaker Whalen Managing director 1 Apr 2005 Other 2785132
David Michael Ralston Managing director 1 Apr 2005 Other 2785171
Brian Walton Managing director 1 Apr 2005 Other 2694755
Kenneth Roy Cotner Chief operating officer & chief compliance officer 1 Apr 2005 Other 4762683
Scm Investors Llc Minority owner 1 Apr 2005 25% - 50% 56-2226389
Jeffrey James Schappe Director - bb&t designee 1 Apr 2005 Other 2883890
Keith F Karlawish Director - bb&t designee 1 Apr 2005 Other 1981565
Robert Lee Youngblood Director - bb&t designee 1 Apr 2005 Other 5172473
Mark M Montgomery Senior managing director 1 Dec 2006 Other 2092398
Mark Michel Montgomery Senior managing director, board member 1 Dec 2006 Other 2092398
Jeffrey James Schappe Managing director 1 Sep 2010 Other 2883890
James Carlyle Willis Managing director 1 Sep 2010 Other 2705898
Timothy Paul Beyer Managing director 1 Sep 2010 Other 1800966
Richard Todd Lacoff Senior managing director 1 Sep 2010 Other 2157848
Richard Eugene Fowler Director - bb&t designee 1 Sep 2010 Other 5851375
Kenneth Roy Cotner Managing director, chief operating officer 1 Sep 2010 Other 4762683
Andrew Wimberly Tate Managing director 1 Sep 2010 Other 4251108
Clinton Louis Ward Chief compliance officer 1 Sep 2010 Other 4190916
William Rufus Yates Director - bb&t designee 1 Sep 2010 Other 4515188
Bb&T Corporation Owner 1 Oct 2010 75% - 100% 56-0939887
Scm Investors Llc Minority owner 1 Oct 2010 Other 56-2226389
John Bernard Jung Director- bb&t designee 1 Jan 2013 Other 1296163
George Fitzhugh Shipp Senior managing director 1 Jan 2013 Other 1075611
Farley Carr Shiner Managing director 1 Jan 2013 Other 1976916
Kenneth Roy Cotner Managing director, chief operating officer & chief compliance officer 1 Sep 2013 Other 4762683
Brian Michael Moran Executive director, chief compliance officer 1 Jul 2014 Other 1940341
Scott Alan Haenni Executive director, chief administrative officer 1 Sep 2014 Other 6406792
Scott Alan Haenni Executive director, chief operating officer 1 Dec 2014 Other 6406792
John W Mcauley Managing director 1 Aug 2015 Other 3188892
John Michael Howard Board member 1 Dec 2015 Other 2192605
Charles Arnold Durham Exective director, chief compliance officer 1 Jun 2018 Other 4645491
Casey Kellen Mcintyre Executive director, chief administrative officer 1 Sep 2018 Other 7081151

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mark Michel Montgomery Managing director 1 Dec 2015 25% - 50% 2092398
Alexander Worth Mcalister Managing director 1 Dec 2015 25% - 50% 1465894
Richard Todd Lacoff Managing director 1 Dec 2015 25% - 50% 2157848

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.