Sparrow Capital Management Inc (St. Louis)

Name: Sparrow Capital Management Inc
Address: 211 North Broadway, Suite 2080, St. Louis, MO, 63102
Telephone: 314-725-6161

Sparrow Capital Management Inc is a large advisory firm based in St. Louis. It manages $123.42 million of regulatory assets for 86 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Louisiana, Mississippi, Missouri, and Texas.

Sparrow Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Sparrow Capital Management: assets under management

The assets under management (AUM) of Sparrow Capital Management Inc is $123.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $123.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.44 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sparrow Capital Management Inc for their services and products based on a percentage of assets under management 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 Sparrow Capital Management serves?

The firm provides services to insurance companies, investment companies, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Sparrow Capital Management is insurance companies with 4 clients and $78.63 million of assets under management. Among the 9 most similar advisory firms, Sparrow Capital Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $123.42 million for 53 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.

Sparrow Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at Sparrow Capital Management Inc

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 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
Gerald Richard Sparrow	President, chief investment officer & chief compliance officer	1 Jan 1998	75% - 100%	1739231
David Alan Presson	Director of research	1 Dec 2003	Other	1237920
Suzanne Brake	Chief compliance officer	1 Dec 2005	Other	5096581

Based in St. Louis

The principal office where Sparrow Capital Management Inc performs its advisory services is located at 211 North Broadway, Suite 2080, St. Louis, MO 63102, 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 314-725-6161 or by fax 314-621-5905. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at sparrowcapital.com.