Sawgrass Asset Management LLC is a large advisory firm based in Jacksonville Beach. It manages $3.52 billion of regulatory assets for 314 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 3 other states.
Sawgrass Asset 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.
The assets under management (AUM) of Sawgrass Asset Management LLC is $3.52 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 199% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Sawgrass Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Sawgrass Asset Management is state or municipal government entities with 108 clients and $2.57 billion of assets under management. Among the 7 most similar advisory firms, Sawgrass Asset Management has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $3.22 billion for 172 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.
Sawgrass Asset Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 23 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 15 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.
The principal office where Sawgrass Asset Management LLC performs its advisory services is located at 1579 The Greens Way, Jacksonville Beach, FL 32250, 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 (904) 493-5500 or by fax (904) 493-5524. The normal business hours are 8:00a.m. - 5:00p.m. on Monday - Friday. You can find more information about the New York firm at saw-grass.com.