Open an Account

Please follow the steps below to open an account.

Exceptions to Minimum and Closed Funds

Prior Approval for Exceptions

Approval for exceptions must be obtained by calling Southeastern at (901)761-2474 prior to making your investment. We reserve the right to make additional exceptions or otherwise modify these exceptions at any time and to reject any investment for any reason.

Exceptions to $10,000 Investment Minimum

The following investors may open a new account in any open Fund with an initial investment of less than $10,000:

  • Family members of shareholders who have at least $250,000 invested in one of the Longleaf Partners Funds may open one or more accounts in the same Fund for a $5,000 initial investment.
  • Employees of Southeastern and their family members and Longleaf service providers may open new accounts with a $1,000 initial investment.
  • Individual financial advisors and consultants whose clients aggregate over $10,000 may add new clients below the minimum.
  • Institutions and affiliates of institutions having a strategic investment advisory relationship with Southeastern may open client accounts below the minimum.

Closed Fund Exceptions

The Small-Cap Fund closed to new investors on July 31, 1997. The following investors may open new accounts in a closed Fund for an initial investment of $10,000 if approved by Southeastern:

  • Existing shareholders in a closed Fund and their immediate family members may open accounts in the same Fund. For this purpose, an immediate family member is your spouse or minor child.
  • Individual financial advisors and consultants who have maintained accounts in a closed Fund since its closing date may add new clients to that Fund.
  • Institutions and affiliates of institutions having a strategic investment advisory relationship with Southeastern. Employees of Southeastern and their family members and Longleaf service providers may open new accounts.
  • Employees of Southeastern and their family members and Longleaf service providers may open new accounts.