Barings LLC (Charlotte)

Name: Barings LLC
Address: 300 S. Tryon Street, Charlotte, NC, 28202
Telephone: 704-805-7200

Barings LLC is a large advisory firm based in Charlotte. It manages $246.84 billion of regulatory assets for 303 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Barings provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and port mngt for funds exempt from registration as private invest co; real estate (debt and equity) advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Barings: assets under management

The assets under management (AUM) of Barings LLC is $246.84 billion. The firm's AUM has grown by 13% since the beginning of its operation, and $37.7 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $239.34 billion in discretionary accounts and $7.5 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $800.48 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.88 billion.

Barings has custody of $8.89 billion in cash and securities for 70 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 21% of the total AUM. The second-largest asset type is other assets, which make up 10% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Barings LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Barings serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, banking or thrift institutions, business development companies, corporations or other businesses, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Barings is insurance companies with 63 clients and $178.96 billion of assets under management. Among the 10 most similar advisory firms, Barings has the 2nd highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $246.84 billion for 303 clients. 31% of the firm’s clients are foreign persons or businesses.

Barings also advises several private funds. Namely, six hedge funds, nine other private funds, ten private equity funds, and twenty two securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Barings LLC

The company employs 1,191 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Michael Finke	Chairman of the board of managers and chief executive officer	1 Dec 2008	Other	2548996
Susan Ann Moore	Chief administrative officer and managing director	1 Feb 2010	Other	5768930
Christopher Anthony Defrancis	Chief compliance officer, deputy general counsel and managing director	1 Nov 2010	Other	5869703
Sheldon Maurice Francis	Chief legal officer, secretary and managing director	1 Nov 2010	Other	5870516
Mm Asset Management Holding Llc	Direct owner	1 Feb 2012	75% - 100%	45-4000072
Elizabeth Ward Chicares	Member of the board of managers	1 Jul 2012	Other	2194754
Roger William Crandall	Member of the board of managers	1 Nov 2012	Other	4486307
M. Timothy Corbett	Member of the board of managers	1 Nov 2012	Other	4633377
Russell Daniel Morrison	Member of the board of managers, president and managing director	1 Jul 2014	Other	2592292
William Francis Glavin	Member of the board of managers	1 Nov 2014	Other	2666939
Paul John Thompson	Chief financial officer, chief operating officer and managing director	1 Apr 2015	Other	3156135
Geoffrey James Craddock	Member of the board of managers	1 Oct 2017	Other	1444771
Michael David Freno	Head of global markets and managing director	1 Mar 2018	Other	6914227

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Massachusetts Mutual Life Insurance Company	Shareholder of massmutual holding llc	1 Jul 2004	75% - 100%	04-1590850
Massmutual Holding Llc	Sole member	1 Feb 2012	75% - 100%	04-2854319
Mm Asset Management Holding Limited	Sole member	1 Feb 2012	25% - 50%	45-4000072
Llc Mml Distributors	Sole member	1 Feb 2012	25% - 50%	38030
Llc Mml Investment Advisers	Sole member	1 Feb 2012	25% - 50%	169568

Based in Charlotte

The principal office where Barings LLC performs its advisory services is located at 300 S. Tryon Street, Charlotte, NC 28202, which is also the mailing address of the firm. An additional office of the firm is in Hartford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-805-7200 or by fax 704-805-7302. 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 barings.com.