The Sterling Group, L.P
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Overview
The Sterling Group, L.P operates as a financial advisor firm headquartered in Houston, Texas. It controls $6.0 billion in total assets throughout 13 accounts, placing it among the biggest firms in the United States by assets under management (AUM). The Sterling Group, L.P has an average-sized group, including 40 financial advisors. The Sterling Group, L.P does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like options, equities and bonds.
The Sterling Group, L.P administers all of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell judgments without needing client permission. The company's typical account size is $461.8 million. An average financial advisor at The Sterling Group, L.P administers fewer than one client account, placing it among the most personalized financial advisor firms in the country.
The Sterling Group, L.P's main office is located at Nine Greenway Plaza, Houston, Texas 77046. The firm is legally allowed to provide services to customers in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Sterling Group, L.P by the Numbers
$6.0 billion
56
13
$461.8 million
Fee Structure
A financial advisor's fees largely depend on which services the firm provides the client. However, fee types billed by the firm can include any blend of the following fee structures: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
It provides services to pooled investment vehicles. Out of its 13 accounts, The Sterling Group, L.P's largest client type by number of accounts is pooled investment vehicles. About 38% of the company's accounts reside abroad.
- 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
The Sterling Group, L.P does not have any disclosures.
Please visit its Form ADV for more details.
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