Ssga Funds Management, Inc

CRD#111242
Investment Advisor Firm

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Learn more about Ssga Funds Management, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Ssga Funds Management, Inc operates as a financial advisor firm based in Boston, Massachusetts. The company manages $841.5 billion in assets across 247 customer accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). The company has a large team, including 227 financial advisors. Ssga Funds Management, Inc does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like stocks, bonds and options.

    Ssga Funds Management, Inc administers all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without requiring the client's permission. The investment advisory firm manages about $3.4 billion for each account. The average financial advisor at Ssga Funds Management, Inc oversees around one client account, placing it among the most individualized firms in the country.

    The firm's main office is at 1 Iron Street, Boston, Massachusetts 2210. The firm is permitted to provide services to investors throughout 2 states, including Arizona and Connecticut.

    Assets Under Management

    $841.5 billion

    Number of Advisors

    227

    Disclosures

    No

    Office Location

    1 Iron Street
    Boston, MA 02210

    Ssga Funds Management, Inc by the Numbers

    Total Assets Under Management

    $841.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    250

    National Average: 64
    Total Number of Accounts

    247

    National Average: 375,227
    Average Account Size

    $3.4 billion

    National Average: $23.0 thousand
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    Products and Services

    Ssga Funds Management, Inc provides a variety of financial services, which can include 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. It is involved in selling products or offering services aside from investment advisory services to its customers. The company is affiliated with one or more other companies 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.

    • Find a firm that offers this service

      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 20% 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

    Fees for financial management typically vary depending on which services are offered. Fees billed by the firm typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Ssga Funds Management, Inc.

    Available

    • Offered by 69% 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

    • Find one of the 21% of firms that offer this fee type

      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 1% 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.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      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.

    • Find one of the 0% of firms that offer this fee type

      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.

    • Find one of the 32% of firms that offer this fee type

      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.

    • Find one of the 10% of firms that offer this fee type

      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

    It caters to investment companies, pooled investment vehicles, pension plans and other. Out of its 247 customers, Ssga Funds Management, Inc's biggest client group by number of accounts is investment companies. Just 4% of the firm's customers are represented by non-U.S. persons.

    • 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 does not have any disclosures.

    Please visit its Form ADV for more details.

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