Sasco Capital Inc (Fairfield)

Sasco Capital Inc is a large advisory firm based in Fairfield. It manages $1.32 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut and Texas.

Sasco Capital provides portfolio management for individuals and small businesses, 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.

Sasco Capital: assets under management

The assets under management (AUM) of Sasco Capital Inc is $1.32 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $119.64 million each.

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 Sasco Capital Inc for their services and products based on a percentage of assets under management and performance-based fees. 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 Sasco Capital serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Sasco Capital is state or municipal government entities with 3 clients and $780.93 million of assets under management. Among the 9 most similar advisory firms, Sasco Capital has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.32 billion for 11 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.

Sasco Capital also advises several private funds.

Careers at Sasco Capital Inc

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Dale Bottomley	Managing director	1 Oct 1985	25% - 50%	4343224
Daniel Lawrence Leary	Secretary & managing director	1 Oct 1985	25% - 50%	4343234
Hoda Nmn Bibi	President & managing director & chief compliance officer	1 Jan 1993	Other	4343197
Hoda Bibi	President & managing director	1 Jan 1993	Other	4343197

Based in Fairfield

The principal office where Sasco Capital Inc performs its advisory services is located at 10 Sasco Hill Road, Fairfield, CT 06824, 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 203-254-6800 or by fax 203-259-3842. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.