Murray Investment Management, LLC
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Overview
Murray Investment Management, LLC operates as a financial advisor company that has its headquarters in Houston, Texas. It administers $115.5 million in total assets across 138 accounts, placing it in the mid-tier of investment advisory firms in the United States by assets under management (AUM). The firm has a small team, including 1 financial advisor. Murray Investment Management, LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as equities, options and bonds.
Murray Investment Management, LLC administers more than half of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell judgments for the client's account are made by an investment advisor without requiring the client's permission. The firm also oversees eight non-discretionary accounts with a total of $5.5 million in assets under management. The firm administers roughly $837,170 in assets for every account. An average financial advisor at Murray Investment Management, LLC oversees about 138 client accounts.
Murray Investment Management, LLC's central office is at 3900 Essex Lane, Suite 1150, Houston, Texas 77027. It is legally permitted to serve clients in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Murray Investment Management, LLC by the Numbers
$115.5 million
2
138
$837.2 thousand
Products and Services
Murray Investment Management, LLC offers a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and publication of newsletters. In the prior financial year, it provided financial planning services to 11-25 of its customers. The firm is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees usually vary depending on which service is offered. However, fees billed by Murray Investment Management, LLC most likely include any combination of the following fee structures: asset-based, hourly or fixed. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company works with retail investors and high net worth investors. Out of its 138 clients, Murray Investment Management, LLC's biggest client group is high net worth investors, though it also serves 25 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 60.98%
- Other Individuals - 39.02%
- Corporations - 0%
- Charitable Organizations - 0%
* 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
Murray Investment Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Murray Investment Management, LLC
Houston, TX
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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