Sa Stone Investment Advisors Inc. (Birmingham)

Name: Sa Stone Investment Advisors Inc.
Address: 2 Perimeter Park South, Birmingham, AL, 35243
Telephone: 800-292-2411

Sa Stone Investment Advisors Inc. is a large advisory firm based in Birmingham. It manages $1.4 billion of regulatory assets for 6,046 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

Sa Stone Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, market timing services, educational seminars and workshops, and financial consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sa Stone Investment Advisors: assets under management

The assets under management (AUM) of Sa Stone Investment Advisors Inc. is $1.4 billion. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $466.34 million in discretionary accounts and $933.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $169.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.08 thousand.

Sa Stone Investment Advisors has custody of $1.4 billion in cash and securities for 6,047 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sa Stone Investment Advisors Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William John Dunaway serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William John Dunaway is individuals with 5,800 clients and $1.02 billion of assets under management. Among the 10 most similar advisory firms, Sa Stone Investment Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.4 billion for 6,046 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.

Sa Stone Investment Advisors doesn't advise any private funds.

Careers at Sa Stone Investment Advisors Inc.

The company employs 265 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 220 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.

William John Dunaway has been acting as President since 1 Aug 2016. John Francis Calvano joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marcus Bryant Richardson	Chief operations officer	1 Sep 2014	Other	3037932
Conner Fred Wagstaff	Chief financial officer	1 Sep 2014	Other	1427591
William Richard Pintaric	Chief compliance officer	1 Sep 2014	Other	724808
Jay Wilson Carter	Chief executive officer	1 Dec 2015	Other	2412541
Intl Fcstone Inc	100% owner	1 Jul 2016	75% - 100%	59-2921318
William John Dunaway	Director	1 Aug 2016	Other	6505923
Patricia Marie Harrod	Director	1 Aug 2016	Other	6180887
Charles Martin Lyon	Director	1 Aug 2016	Other	4000852
Xuong Tho Nguyen	Director	1 Aug 2016	Other	2249867
Sean Michael O'connor	Director	1 Aug 2016	Other	2534352
Brian Trigger Sephton	Director	1 Aug 2016	Other	4141441
John Francis Calvano	Chief compliance officer	1 Feb 2017	Other	1717560

Based in Birmingham

The principal office where Sa Stone Investment Advisors Inc. performs its advisory services is located at 2 Perimeter Park South, Birmingham, AL 35243, which is also the mailing address of the firm. An additional office of the firm is in Richmond, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-292-2411. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at saswealth.com and its LinkedIn profile.