Portfolio Advisory Council,L.L.C
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Learn more about Portfolio Advisory Council,L.L.C
Overview
Portfolio Advisory Council,L.L.C operates as an advisory company that has its headquarters in Houston, Texas. It handles $281.4 million in total assets throughout 913 accounts, making it a mid-tier financial advisory firm in the country by assets under management (AUM). The firm has a small group, including 7 financial advisors. Portfolio Advisory Council,L.L.C is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like equities, options and bonds.
Portfolio Advisory Council,L.L.C administers most of the company's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions without needing client permission. The company also manages 15 non-discretionary accounts totaling $42.8 million in assets. Portfolio Advisory Council,L.L.C's typical account size is $308,161. An average advisor at Portfolio Advisory Council,L.L.C administers around 130 client accounts.
The firm's main office is at 3 Greenway Plaza, Houston, Texas 77046. It is permitted to provide services to customers throughout a number of states, including California, Colorado, Kansas, Louisiana, Minnesota, Texas and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Portfolio Advisory Council,L.L.C by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$281.4 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
10
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
913
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$308.2 thousand
Products and Services
Portfolio Advisory Council,L.L.C offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the last financial year, it provided financial planning services to 251-500 of its accounts. Portfolio Advisory Council,L.L.C is not involved in selling products or offering services aside from investment advice to its investment advisory clients. The firm also has a number of financial industry affiliations, including with an accountant or accounting firm, insurance company or agency and real estate broker or dealer.
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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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
Fees charged by financial advisors typically are based on which services the firm provides the client. Fee types charged by the company most likely are comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
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
It provides services to retail investors, high net worth investors and pension plans. Out of its 913 customers, Portfolio Advisory Council,L.L.C's largest client is retail investors, although it also serves 112 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management 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). None of the firm's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 20.4%
- Other Individuals - 77.41%
- Corporations - 2.19%
- 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
Portfolio Advisory Council,L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Portfolio Advisory Council,L.L.C
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
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