Your Advocates, Ltd., LLP (Houston)

Name: Your Advocates, Ltd., LLP
Address: 920 Memorial City Way, Houston, TX, 77024
Telephone: 713-827-8014

Your Advocates, Ltd., LLP is a large advisory firm based in Houston. It manages $233.25 million of regulatory assets for 990 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Louisiana and Texas.

Your Advocates, Ltd. provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Your Advocates, Ltd.: assets under management

The assets under management (AUM) of Your Advocates, Ltd., LLP is $233.25 million. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $230.83 million in discretionary accounts and $2.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $41.02 thousand.

Your Advocates, Ltd. has custody of $4.35 million in cash and securities for 60 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Your Advocates, Ltd., LLP for their services and products based on a percentage of assets under management and fixed 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 Your Advocates, Ltd. serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Your Advocates, Ltd. is high net worth individuals with 85 clients and $210.74 million of assets under management. Among the 12 most similar advisory firms, Your Advocates, Ltd. has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $233.25 million for 132 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.

Your Advocates, Ltd. also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $20,000 for each fund.

Careers at Your Advocates, Ltd., LLP

The company employs 8 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Edwin Palmer	Principal	1 Oct 2005	25% - 50%	1315071
Kurt Louis Box	Principal	1 Oct 2005	Other	4428158
Inc. Your Advocates Management	General partner	1 Oct 2005	Other	20-3749175
Inc. Your Advocates	General partner	1 Oct 2005	Other	20-3749175
Coleman Edward Campbell	Principal	1 May 2012	25% - 50%	2805109
Anna Rogge Banks	Chief compliance officer	1 Mar 2017	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kurt Louis Box	Principal	1 Mar 2016	25% - 50%	4428158
Coleman Edward Campbell	Principal	1 Mar 2016	25% - 50%	2805109

Based in Houston

The principal office where Your Advocates, Ltd., LLP performs its advisory services is located at 920 Memorial City Way, Houston, TX 77024, 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 713-827-8014 or by fax 713-827-0493. The normal business hours are 8:30 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at youradvocates.com.