Sound Shore Management Inc (Greenwich)

Name: Sound Shore Management Inc
Address: 8 Sound Shore Dr., Suite 180, Greenwich, CT, 06830 7242
Telephone: 203-629-1980

Sound Shore Management Inc is a large advisory firm based in Greenwich. It manages $5.1 billion of regulatory assets for 625 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Sound Shore 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.

Sound Shore Management: assets under management

The assets under management (AUM) of Sound Shore Management Inc is $5.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 45% since the beginning of its operation, and $797.45 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.17 million each.

Sound Shore Management has custody of $49.53 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sound Shore Management Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harry Burn serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Harry Burn is investment companies with 1 clients and $1.67 billion of assets under management. Among the 11 most similar advisory firms, Sound Shore Management has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $4.66 billion for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.

Sound Shore Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Sound Shore Management Inc

The company employs 18 people that are either part- or full-time employees. 39 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.

Harry Burn has been acting as President since 1 May 1978. Jonathan Leonard Steinmetz joined the executive team most recently as the Analyst.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Theodore Gibbs Kane	Co-chairman/director	1 Sep 1977	25% - 50%	4391560
Harry Burn	Co-chairman/director	1 May 1978	25% - 50%	2373268
Shanna Stinchfield Sullivan	V.p.,treas.,sec./director	1 Dec 1979	Other	4391563
John Patrick Degulis	President	1 Oct 2003	Other	2525144
James Frederic Clark	Analyst	1 Jun 2004	Other	1882553
Lowell Erik Haims	Chief compliance officer	1 Jun 2007	Other	5364243
David Bernard Bilik	Analyst	1 Dec 2015	Other	4170280
Peter Bradford Evans	Analyst	1 Dec 2016	Other	6774838
Peter B Evans	Analyst	1 Dec 2016	Other	6774838
Jonathan Leonard Steinmetz	Analyst	1 Dec 2017	Other	2859994

Based in Greenwich

The principal office where Sound Shore Management Inc performs its advisory services is located at 8 Sound Shore Dr., Suite 180, Greenwich, CT 06830 7242, 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 203-629-1980 or by fax 203-629-3680. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at soundshore.com and its LinkedIn profile.