Ssga Funds Management, Inc

CRD#111242
Investment Advisor Firm

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Overview

Ssga Funds Management, Inc is an advisory firm that has its headquarters in Boston, Massachusetts. Ssga Funds Management, Inc administers $481.3 billion in assets under management over 275 customer accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). The firm has a large group of 217 employees, including 206 financial advisors. Ssga Funds Management, Inc does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments like stocks, options and bonds.

Ssga Funds Management, Inc administers all of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction decisions for the client's account without needing to seek the client's approval. The company's average account size is $1.7 billion. An average financial advisor at Ssga Funds Management, Inc manages about one client account, placing it among the most individualized financial advisor firms in the country.

The firm's headquarters is located at 1 Iron Street, Boston, Massachusetts 2210. The company is registered to provide services to clients in the state of Connecticut.

Assets Under Management

$481.3 billion

Number of Advisors

206

Fee Structure

Asset-based

Disclosures

Yes

Office Location

1 Iron Street
Boston, MA 02210

Ssga Funds Management, Inc by the Numbers

Total Assets Under Management

$481.3 billion

National Average: $3.3 billion
Total Number of Employees

217

National Average: 4,943
Total Number of Accounts

275

National Average: 2,522
Average Account Size

$1.8 billion

National Average: $1.3 million

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Products and Services

Ssga Funds Management, Inc offers multiple financial services, including portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. The firm is involved in selling products or offering services aside from investment advice to its clients. Ssga Funds Management, Inc is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees depend on which services the firm provides the client. Fee types charged by the firm typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

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    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

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    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

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    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company caters to investment companies, pooled investment vehicles, pension plans and other types of clients. Out of its 275 clients, Ssga Funds Management, Inc's largest client type is investment companies. Just 3% of the firm's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Ssga Funds Management, Inc has disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA