Trust Asset Management LLC is a large advisory firm based in Houston. It manages $1.11 billion of regulatory assets for 141 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, Arkansas, California, and 10 other states.
Trust Asset Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Trust Asset Management LLC is $1.11 billion. The firm's AUM has grown by 908% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Trust Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Trust Asset Management is high net worth individuals with 138 clients and $695.85 million of assets under management. Among the 7 most similar advisory firms, Trust Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.11 billion for 141 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.
Trust Asset Management also advises several private funds. Namely, one hedge fund.
The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 3 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 Trust Asset Management LLC performs its advisory services is located at 1900 St James Place, Houston, TX 77056, 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 832-308-2748 or by fax 713-343-5443. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at tam-llc.com.