Suntrust Advisory Services, Inc. is a large advisory firm based in Atlanta. It manages $22.68 billion of regulatory assets for 49,062 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 48 other states.
Suntrust Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and wrap fee product and financial profiling services using desktop software. It prepares financial plans for approximately 4,135 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Suntrust Advisory Services, Inc. is $22.68 billion. The firm's AUM has grown by 86% since the beginning of its operation, and $1.74 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Suntrust Advisory Services, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 individuals, insurance companies, 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 Willem Jau Odo Hattink is high net worth individuals with 8,189 clients and $10.73 billion of assets under management. Among the 9 most similar advisory firms, Suntrust Advisory Services has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $22.37 billion for 48,958 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.
Suntrust Advisory Services doesn't advise any private funds.
The company employs 1,571 people that are either part- or full-time employees. 96 percent of the employees work as investment advisers or researchers. 1,294 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Willem Jau Odo Hattink has been acting as President since 1 Feb 2013. John Harris Milligan joined the executive team most recently as the Chief Operations Officer, Assistant Secretary.
The principal office where Suntrust Advisory Services, Inc. performs its advisory services is located at 303 Peachtree Center Avenue,, Atlanta, GA 30303 The mailing address of the firm is Po Box 4418 Mc 107, Atlanta, GA 30302. An additional office of the firm is in Washington, DC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 404-827-6461 or by fax 404-827-6522. The normal business hours are 8:00am - 5:00pm on Monday - Friday.