EAGLE ASSET MANAGEMENT INC Profile
Eagle Asset Management is a private investment management company that was founded in 1976. It is headquartered in St. Petersburg, Florida and has additional offices in Richmond, Palo Alto, and Memphis, operating as a subsidiary of Raymond James Financial. The company focuses on employing “portfolio managers who we believe possess the rare talent and insight required to construct portfolios that add risk-adjusted alpha over the long term” and has each of its strategies managed by an individual investment team with individual research and investment processes that “builds strong chemistry and increases accountability.” Eagle Asset Management provides a variety of investment services including management for client focused equity, fixed income portfolios, and equity and fixed income mutual funds. The company conducts its research in house and utilizes a fundamental analysis with a bottom up stock picking approach in order to make its investment decisions, measuring its performance against the S&P 500 Index, Russell 2000 Growth Index, Russell 2500 Index, Russell Midcap Growth Index, Russell 1000 Value Index, and Barclays Capital Intermediate Government Index benchmarks. The company currently manages over $30 billion in total assets under management spread across over 26,000 accounts, with almost all of the assets being discretionary assets, although it has a split of 14,000 discretionary accounts, and 12,000 non-discretionary accounts. While Eagle Asset Management’s total accounts held has remained relatively stable throughout the last five years, only increasing by 4,000 to its current amount in the last few months or so, its total assets under management has increased by over $10 billion from its $16.6 billion mark in 2010. The company primarily caters to individuals and high net worth individuals, also catering to investment advisors, insurance companies, pension and profit sharing plans, pooled investment vehicles, corporations, charities, and state or municipal entities, among others, in order of decreasing clientele. The company’s Eagle Family of Funds, founded in 1985, includes its Investment Grade Bond, Growth and Income, Smaller Company, Capital Appreciation, and Eagle Class Shares Prime Money Market Fund.