Ssga Funds Management, Inc. (Boston)

Ssga Funds Management, Inc. is a large advisory firm based in Boston. It manages $481.27 billion of regulatory assets for 275 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Connecticut.

Ssga Funds Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and ssga funds management, inc. provides asset allocation models on a non-discretionary basis.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ssga Funds Management: assets under management

The assets under management (AUM) of Ssga Funds Management, Inc. is $481.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 852% since the beginning of its operation, and $15.02 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $481.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.75 billion each.

Ssga Funds Management has custody of $888.92 million in cash and securities for 3 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 61% of the total AUM. The second-largest asset type is other assets, which make up 33% of the firm’s portfolio. Investments in derivatives form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ssga Funds Management, Inc. for their services and products based on a percentage of assets under management. 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.

What kind of clients Barry Francis Xavier Smith serves?

The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Barry Francis Xavier Smith is investment companies with 265 clients and $455.28 billion of assets under management. Among the 12 most similar advisory firms, Ssga Funds Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $481.27 billion for 277 clients. 3% of the firm’s clients are foreign persons or businesses.

Ssga Funds Management also advises several private funds. Namely, five hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at Ssga Funds Management, Inc.

The company employs 217 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. No 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.

Barry Francis Xavier Smith has been acting as President since 1 Sep 2013. Kathryn Elizabeth Sweeney joined the executive team most recently as the Cta Chief Marketing Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gustaff V Fish	President and director	1 Feb 2001	Other	4369658
Thomas P Kelly	Treasurer	1 Feb 2001	Other	4369663
Mark J Duggan	Chief legal officer	1 Feb 2001	Other	4369668
Peter A Ambrosini	Chief compliance officer	1 Feb 2001	Other	4369672
Timothy Harbert	Director	1 Feb 2001	Other	2673396
Mitchell H. Shames	Director	1 Feb 2001	Other	4340477
Agustin Fleites	Director	1 Feb 2001	Other	2970564
State Street Corporation	Shareholder	1 Mar 2001	75% - 100%	04-1867445
State Street Bank And Trust Company	Shareholder	1 Mar 2001	75% - 100%	04-1867445
Agustin Fleites	President & director	1 Feb 2002	Other	2970564
James Edward Ross	President/director	1 May 2005	Other	4309272
Peter G Leahy	Director	1 May 2005	Other	4992518
Beverly Jean Dewitt	Chief compliance officer	1 Aug 2007	Other	4380211
Tracy A Atkinson	Chief compliance officer	1 Jul 2008	Other	5573959
Shawn C.D. Johnson	Director	1 Oct 2008	Other	5610318
Phillip Semmes Gillespie	Chief legal officer and director	1 Dec 2008	Other	4798568
Tracy A Atkinson	Director	1 Dec 2008	Other	5573959
Cuan F.H. Coulter	Chief compliance officer	1 Apr 2009	Other	5660122
Ellen Marie Needham	Chief operating officer	1 May 2010	Other	1981975
Michael P Fay	Chief compliance officer	1 Apr 2011	Other	5413844
Juan Carlos Morales	Treasurer	1 Jun 2011	Other	4972855
James Edward Ross	Chairman; director	1 Jun 2012	Other	4309272
Ellen Marie Needham	President; director	1 Jun 2012	Other	1981975
Alyssa A Albertelli	Chief compliance officer	1 Jun 2012	Other	6091317
Kristi Lynne Mitchem	Cta - chief marketing officer	1 Sep 2012	Other	2931323
Phillip Semmes Gillespie	Chief legal officer	1 Nov 2012	Other	4798568
Keith Charles Crawford	Treasurer	1 Apr 2013	Other	2868486
Barry Francis Xavier Smith	Director	1 Sep 2013	Other	1705347
Maria Frances Dwyer	Director	1 Sep 2013	Other	2465027
Ann M Carpenter	Chief operating officer	1 Apr 2014	Other	6329553
Steven Nmn Lipiner	Treasurer	1 Jan 2016	Other	1707823
Matthew John Steinaway	Chief risk officer	1 Mar 2016	Other	2161581
Joshua Weinberg	Clerk of ssga fm	1 Mar 2016	Other	6241196
Sean O'malley	Chief legal officer	1 Mar 2016	Other	5875973
Raymond Kevin Smith	Cta - chief marketing officer	1 May 2016	Other	3139414
Lori Miller Heinel	Director	1 Aug 2016	Other	1575735
Baldemar Trevino	Treasurer	1 Aug 2016	Other	6716067
Trevino Baldemar	Treasurer	1 Aug 2016	Other	6716067
Gregory Barton Hartch	Chief risk officer	1 Apr 2017	Other	2786114
Inc. State Street Global Advisors	Shareholder	1 Jun 2017	75% - 100%	06-1313175
Barry Francis Xavier Smith	Cta-chief marketing officer	1 Jul 2017	Other	1705347
Christopher Micah Baker	Chief compliance officer	1 Feb 2018	Other	6929408
Timothy Paul Corbett	Chief risk officer	1 Jun 2019	Other	7159381
Andrew Delorme	Clerk of ssga fm	1 Jul 2019	Other	7176980
Kathryn Elizabeth Sweeney	Cta-chief marketing officer	1 Aug 2019	Other	4022529

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
State Street Corporation	Shareholder	1 Jun 1970	75% - 100%	04-1867445
State Street Corporation	Shareholder	1 Jun 1990	75% - 100%	04-1867445

Based in Boston

The principal office where Ssga Funds Management, Inc. performs its advisory services is located at 1 Iron Street, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-786-3000 or by fax 617-664-0481. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.