Sterling Global Strategies, LLC (Carlsbad)

Name: Sterling Global Strategies, LLC
Address: 1808 Aston Ave., Suite 245, Carlsbad, CA, 92008
Telephone: 760-603-8881

Sterling Global Strategies, LLC is a large advisory firm based in Carlsbad. It manages $213.95 million of regulatory assets for 491 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Minnesota, and Texas.

Sterling Global Strategies provides financial planning services, portfolio management for individuals and small businesses, 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.

Sterling Global Strategies: assets under management

The assets under management (AUM) of Sterling Global Strategies, LLC is $213.95 million. The firm's AUM has gone down by -26% since the beginning of its operation, and $300 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $212.87 million in discretionary accounts and $1.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $437.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $270.11 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sterling Global Strategies, LLC 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 Sterling Global Strategies serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sterling Global Strategies is other investment advisers with 13 clients and $128.64 million of assets under management. Among the 8 most similar advisory firms, Sterling Global Strategies has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $213.95 million for 188 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.

Sterling Global Strategies doesn't advise any private funds.

Careers at Sterling Global Strategies, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Mark William Eicker has served as the Chief Investment Officer since 1 Jun 2014 and Michael Sean Haig is the Chief Executive Officer of Sterling Global Strategies, LLC family office. Inc. Sterling Wealth Management Group joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Sean Haig	Chief executive officer	1 Oct 2010	Other	2517717
Gregory James Carroll	Chief compliance officer and president	1 Oct 2010	Other	2542500
Mark William Eicker	Chief investment officer	1 Jun 2014	25% - 50%	2324993
Inc. Sterling Wealth Management Group	Managing member	1 Jun 2014	50% - 75%	94-3468248

Based in Carlsbad

The principal office where Sterling Global Strategies, LLC performs its advisory services is located at 1808 Aston Ave., Suite 245, Carlsbad, CA 92008, 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 760-603-8881 or by fax 760-603-8882. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at sterlingwmg.com.