Sanders Morris Harris LLC is a large advisory firm based in Houston. It manages $277.09 million of regulatory assets for 394 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Sanders Morris Harris provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sanders Morris Harris LLC is $277.09 million. The firm's AUM has gone down by -75% since the beginning of its operation, and $500 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Sanders Morris Harris 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Sanders Morris Harris is high net worth individuals with 48 clients and $139.94 million of assets under management. Among the 8 most similar advisory firms, Sanders Morris Harris has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $275.69 million for 394 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Sanders Morris Harris doesn't advise any private funds.
The company employs 27 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No 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.
The principal office where Sanders Morris Harris LLC performs its advisory services is located at 600 Travis, Houston, TX 77002 3003 The mailing address of the firm is 600 Travis, Suite 5900, Houston, TX 77002 3003. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 713-224-3100 or by fax 713-220-5182. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at smhgroup.com.