Callahan Advisors, LLC

CRD#114058
Investment Advisor Firm

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Overview

Callahan Advisors, LLC is a financial advisor firm located in Houston, Texas. The firm administers $780.1 million in assets under management over 1,212 customer accounts, making it one of the bigger investment advisory firms in the nation by assets under management (AUM). The firm has a small team, including 6 financial advisors. Callahan Advisors, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as bonds, options and equities.

Callahan Advisors, LLC manages all of its accounts on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without requiring client authorization. Callahan Advisors, LLC supervises roughly $643,638 in assets for every account. The average financial advisor at Callahan Advisors, LLC administers around 202 client accounts.

The company's main office is at 3555 Timmons Lane, Houston, Texas 77027. The company is registered to serve customers throughout 6 states, including Arkansas, Georgia, Illinois, Louisiana, Tennessee and Texas.

Assets Under Management

$780.1 million

Number of Advisors

6

Disclosures

No

Office Location

3555 Timmons Lane
Houston, TX 77027

Callahan Advisors, LLC by the Numbers

Total Assets Under Management

$780.1 million

National Average: $8.6 billion
Total Number of Employees

9

National Average: 64
Total Number of Accounts

1,212

National Average: 375,227
Average Account Size

$643.6 thousand

National Average: $23.0 thousand
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Fee Structure

Fees for financial management vary depending on which services the firm provides the client. Fees billed by Callahan Advisors, LLC typically consist of the following fee structure: asset-based. Callahan Advisors, LLC does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm provides services to retail investors, high net worth investors and charitable organizations. Out of its 1,212 customers, Callahan Advisors, LLC's largest client group by number of accounts is high net worth investors, but it also serves 200 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 50.25%
  • Other Individuals - 46.48%
  • Corporations - 0%
  • Charitable Organizations - 3.27%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Callahan Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Callahan Advisors, LLC

Rachel Gummattira
Houston, TX
Thomas Callahan
Houston, TX
William Booth
Houston, TX
William Monroe
Houston, TX
Hamendra Ojha
Houston, TX
Thomas Callahan
Houston, TX

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