Frost Investment Advisors, LLC (San Antonio)


Frost Investment Advisors, LLC is a large advisory firm based in San Antonio. It manages $4.34 billion of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

Frost Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Frost Investment Advisors: assets under management

The assets under management (AUM) of Frost Investment Advisors, LLC is $4.34 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 219% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.34 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $114.16 million each.
Frost Investment Advisors has custody of $306.82 million in cash and securities for 1 client in total and its related person acts as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 33% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Frost Investment Advisors, LLC 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 Frost Investment Advisors serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Frost Investment Advisors is investment companies with 7 clients and $4.09 billion of assets under management. Among the 10 most similar advisory firms, Frost Investment Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $4.32 billion for 26 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.

Frost Investment Advisors doesn't advise any private funds.

Careers at Frost Investment Advisors, LLC

The company employs 42 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 27 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Frost Bank Parent corporation 1 Dec 2007 75% - 100% 74-0635455
Tom Lynn Stringfellow President / cio / managing member / managing director 1 Dec 2007 Other 2868603
Stanley Erwin Mccormick Corporate counsel and secretary / managing member 1 Dec 2007 Other 4046663
Richard Kardys Managing member 1 Dec 2007 Other 5540834
Vernon Doran Torgerson Managing member 1 Dec 2007 Other 4064449
The Frost National Bank Parent corporation 1 Dec 2007 75% - 100% 74-0635455
Nicholas Dencil White Chief compliance officer 1 Dec 2007 Other 2179004
Gerardo Salinas Chief financial officer / managing member 1 Jan 2008 Other 5485646
Jeffery Allen Elswick Managing director / director of fixed income / senior fund manager 1 Feb 2008 Other 5413625
Brad Francis Duval Thompson Managing director / director of research / senior fund manager 1 Feb 2008 Other 5119741
Vance Michael Arnold Managing director / director of institutional sales 1 Feb 2008 Other 2163055
Brian David Hunt Managing director / equity trading manager / regional portfolio manager 1 May 2008 Other 5535636
Timothy Paul Altree Managing member / managing director / director of marketing 1 Nov 2008 Other 2834757
Mace Marlin Mccain Managing director / regional portfolio manager 1 Apr 2009 Other 2300468
Robert Dean Pfeifer Chief compliance officer 1 Feb 2012 Other 3124248
Matthew Andrew Thompson Operations director / senior portfolio manager 1 Apr 2013 Other 3114871
Michael Wayne Milich Managing member 1 Apr 2016 Other 3211851
Patrick Bridge Frost Managing member 1 Apr 2016 Other 6256366
Harold Wayne Clemons Managing director / national sales manager 1 Jan 2017 Other 1359599
Michael Dean Benson Managing member 1 Jan 2017 Other 6769631
James Lucian Waters Managing member 1 May 2018 Other 7026727

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Cullen/Frost Bankers Parent corporation 1 May 1982 75% - 100% 74-1751768
The New Galveston Company Parent corporation 1 Dec 1989 75% - 100% 74-2198888
Inc. Cullen/Frost Bankers Parent corporation 1 Jun 2013 75% - 100% 74-1751768

Based in San Antonio

The principal office where Frost Investment Advisors, LLC performs its advisory services is located at 111 West Houston Street, San Antonio, TX 78205 The mailing address of the firm is Post Office Box 2509, San Antonio, TX 78299 2509. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210-220-5070 or by fax 210-220-4058. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at frostinvestmentadvisors.com.