Newsouth Capital Management Inc is a large advisory firm based in Memphis. It manages $3.68 billion of regulatory assets for 235 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arkansas, California, and 9 other states.
Newsouth Capital Management provides portfolio management for individuals and small businesses, 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 Newsouth Capital Management Inc is $3.68 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 60% since the beginning of its operation, and $73.65 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Newsouth 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Newsouth Capital Management is state or municipal government entities with 14 clients and $1.18 billion of assets under management. Among the 6 most similar advisory firms, Newsouth Capital Management has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $3.4 billion for 222 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Newsouth Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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.
The principal office where Newsouth Capital Management Inc performs its advisory services is located at 999 S. Shady Grove Road, Memphis, TN 38120 4129, 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 901-761-5561 or by fax 901-761-5699. The normal business hours are 8:00am to 5:00pm cst on Monday - Friday. You can find more information about the New York firm at newsouthcapital.com.