Southport Station Financial Management, LLC (Southport)

Name: Southport Station Financial Management, LLC
Address: 368 Center Street, Southport, CT, 06890
Telephone: 203-254-2333

Southport Station Financial Management, LLC is a large advisory firm based in Southport. It manages $120.1 million of regulatory assets for 288 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, New York, and Texas.

Southport Station Financial Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Southport Station Financial Management: assets under management

The assets under management (AUM) of Southport Station Financial Management, LLC is $120.1 million. The firm's AUM has grown by 127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.04 million in discretionary accounts and $10.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $239.55 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Southport Station Financial Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Southport Station Financial Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Southport Station Financial Management is high net worth individuals with 97 clients and $105.82 million of assets under management. Among the 7 most similar advisory firms, Southport Station Financial Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $117.28 million for 174 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.

Southport Station Financial Management doesn't advise any private funds.

Careers at Southport Station Financial Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

David Mark Brezina has served as the Chief Investment Officer since 1 Jan 2010. Thomas Anthony Turiano joined the executive team most recently as the Chief Compliance Officer / Managing Member/ Co Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael S Jelormine	Co-managing director / co-managing member	1 Dec 2007	Other	2911487
Michael Sherman Jelormine	Managing member/chief compliance officer	1 Dec 2007	75% - 100%	2911487
Thomas Anthony Turiano	Chief compliance officer	1 Jun 2009	Other	4290177
David Mark Brezina	Chief investment officer	1 Jan 2010	Other	5515306
Thomas Anthony Turiano	Chief compliance officer / managing member/ co-managing director	1 Jan 2014	75% - 100%	4290177

Based in Southport

The principal office where Southport Station Financial Management, LLC performs its advisory services is located at 368 Center Street, Southport, CT 06890, which is also the mailing address of the firm. An additional office of the firm is in Seymour, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-254-2333 or by fax 203-254-2411. The normal business hours are 9:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at southportstation.net.