Sanders Morris Harris LLC (Houston)

Name: Sanders Morris Harris LLC
Address: 600 Travis, Houston, TX, 77002 3003
Telephone: 713-224-3100

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.

Sanders Morris Harris: assets under management

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 firm manages $270.24 million in discretionary accounts and $6.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $716.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $403.39 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sanders Morris Harris serves?

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.

Careers at Sanders Morris Harris LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Lester Ball	Ceo and chairman of the board (9/2015)	1 Feb 2000	Other	11332
Susan Eva Bailey	Assistant secretary	1 May 2009	Other	2977205
Samuel Ii Guardiola	Operations manager	1 Jan 2013	Other	2337264
Aaron Ray Rowe	Vice president	1 Sep 2013	Other	4054936
Thomas Nathan Jencks	Cfo, controller and treasurer / finop	1 Sep 2013	Other	4927046
William Patrick Hayes	General counsel and secretary; and board of managers (09/2015)	1 Sep 2013	Other	2395457
Rene Emile Chaze	Board of managers	1 Sep 2013	Other	6004555
Summer Wealth Management Llc	Member	1 Dec 2014	75% - 100%	47-2268309
Samuel Ii Guardiola	Chief compliance officer	1 Sep 2015	Other	2337264
Douglas Colombo	Finop	1 Dec 2015	Other	1858351
David William Block	Operations manager	1 Jan 2016	Other	2327799
David Lee Hunt	Chief compliance officer/secretary	1 Feb 2016	Other	2772872
David Lee Hunt	Board of managers	1 Apr 2016	Other	2772872
Donald Anthony Sanders	Board of managers	1 Apr 2016	Other	410116
Robert Jeffery Corne	Finop / vice president	1 May 2016	Other	4993108
Tectonic Holdings Llc	Owner	1 Feb 2017	75% - 100%	47-3001443
Michael Robert Schaps	Finop	1 Feb 2017	Other	1892138
Arthur Haag Sherman	Managing director, general counsel	1 Feb 2017	Other	2813406
Erick George Revelle Kuebler	Manager	1 May 2017	Other	2319437
Arthur Haag Sherman	Manager	1 May 2017	Other	2813406
Thomas John Jr Lykos	Cco and general counsel	1 Feb 2018	Other	2017220
Paul Douglas Lyons	Finop	1 Mar 2018	Other	4900585
David Lee Hunt	Chief compliance officer, principal operations officer	1 Oct 2018	Other	2772872
Inc. Tectonic Financial	Parent company	1 May 2019	75% - 100%	82-0764846
Nancy Elaine Dixon	Chief compliance officer	1 Sep 2019	Other	2806279

Indirect Owners

The SEC currently registers 30 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Fredric Mark Edelman	Shareholder of the edelman financial, inc	1 Jun 1996	75% - 100%	1537980
Thomas Haskell Lee	Managing member	1 Aug 2006	75% - 100%	305494
Arthur Haag Sherman	Owner	1 Feb 2007	25% - 50%	2813406
Mark Kevin Gormley	Managing member	1 Mar 2009	25% - 50%	718402
Llc Lee Equity Partners	Manager of lep summer holdings, llc	1 Apr 2012	Other	157422
Lp Lee Equity Partners Fund Summer Aiv	Member of lep summer holdings, llc	1 Apr 2012	75% - 100%	80-0802317
Llc Lee Equity Partners Gp	Gp of lee equity partners fund summer aiv, lp	1 Apr 2012	Other	26-1532912
Teachers Retirement System Of Texas	Limited partner of lee equity summer aiv, lp	1 Apr 2012	25% - 50%	74-6000164
George Lester Ball	Board of managers	1 Oct 2014	Other	11332
Edward Philip Moore	Board of managers	1 Oct 2014	Other	1468827
Rene Emile Chaze	Board of managers	1 Oct 2014	Other	6004555
George Lester Ball	Board of managers	1 Sep 2015	Other	11332
Affiliated Wealth Partners Holdings Llc	Member-managed	1 Sep 2015	75% - 100%	47-4536791
Awp Ii Llc	Member-managed	1 Sep 2015	75% - 100%	47-4845839
Awp I Lp	Member-managed	1 Sep 2015	75% - 100%	47-5311229
Awp Gp Llc	General partner	1 Sep 2015	Other	47-5305328
Llc Lep Summer Holdings	Limited partner	1 Sep 2015	50% - 75%	37-1689318
Llc Lee Equity Partners	Member	1 Sep 2015	50% - 75%	157422
Inc. The Edelman Financial Center	Member	1 Sep 2015	25% - 50%	81-0672613
Mark Kevin Gormley	Board of managers	1 Sep 2015	Other	718402
Holly Day Deem	Board of managers	1 Sep 2015	Other	2665529
Llc Lee Equity Partners Realization Fund Gp	General partner	1 Sep 2015	Other	47-5092925
Edward Philip Moore	Board of managers	1 Sep 2015	Other	1468827
Achi Yaffe	Board of managers	1 Sep 2015	Other	5167335
Bruce Robert Mcmaken	Board of managers	1 Dec 2015	Other	2851043
Daniel J Rodriguez	Board of managers	1 Feb 2016	Other	4981411
L.P. Lee Equity Partners Realization Fund Summer Aiv	Member	1 Mar 2016	75% - 100%	36-4818709
Lep Realization Summer Llc	Limited partner	1 Mar 2016	50% - 75%	47-5027114
L.P. Lep Realization Feeder	Member	1 Mar 2016	75% - 100%	47-5356891
Mark Kevin Gormley	Managing member	1 Mar 2016	25% - 50%	718402

Based in Houston

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.