Sparrow Capital Management Inc is a large advisory firm based in St. Louis. It manages $123.42 million of regulatory assets for 86 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Illinois, Louisiana, Mississippi, Missouri, and Texas.
Sparrow Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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 Sparrow Capital Management Inc is $123.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Sparrow Capital Management Inc for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Sparrow Capital Management is insurance companies with 4 clients and $78.63 million of assets under management. Among the 9 most similar advisory firms, Sparrow Capital Management has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $123.42 million for 53 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.
Sparrow Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $50,000 for each fund.
The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There’s a single person 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 Sparrow Capital Management Inc performs its advisory services is located at 211 North Broadway, Suite 2080, St. Louis, MO 63102, 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 314-725-6161 or by fax 314-621-5905. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at sparrowcapital.com.