Sanders Morris LLC

CRD#20580
Investment Advisor Firm

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Learn more about Sanders Morris LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Sanders Morris LLC is located at 600 Travis, Houston, TX. The firm employs 13 financial advisors to manage client portfolios and provide financial guidance. Sanders Morris LLC is a registered broker-dealer.

    Sanders Morris LLC oversees $819.9 million in assets under management across 729 accounts, all of which are discretionary. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at Sanders Morris LLC includes asset-based, fixed, and performance-based fees. The firm has 303 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, accountant or accounting firm, and insurance company or agency.

    Sanders Morris LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $819.9 million

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    600 Travis
    Houston, TX 77002-3003

    Sanders Morris LLC by the Numbers

    Total Assets Under Management

    $819.9 million

    National Average: $8.6 billion
    Total Number of Employees

    28

    National Average: 64
    Total Number of Accounts

    729

    National Average: 375,227
    Average Account Size

    $1.1 million

    National Average: $23.0 thousand
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    Products and Services

    Sanders Morris LLC offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. Notably, Sanders Morris LLC did not provide any of its clients with financial planning services in the last fiscal year. It is involved in selling products or offering services other than investment advice to its clients.

    Core Advisor Services

    • 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.

    • 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.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management typically vary depending on which services the firm provides the client. Fees charged by Sanders Morris LLC most likely consist of any combination of the following fee structures: asset-based, fixed, or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Sanders Morris LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      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.

    • Offered by 26% of firms

      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.

    • Offered by 32% of firms

      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.

    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 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 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

    It works with retail investors and high net worth investors. Out of its 2 clients, Sanders Morris LLC's biggest client group by number of accounts is high net worth investors, although it also manages money for 303 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 41.56%
    • Other Individuals - 58.44%
    • 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

    Sanders Morris LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Sanders Morris LLC

    Stephen Mangold
    Houston, TX
    Lane Moore
    Dallas, TX
    Brede Klefos
    Houston, TX
    Erik Klefos
    Houston, TX
    Donna Binion
    Houston, TX
    Sumeet Rai
    Houston, TX
    George Arnold
    Houston, TX
    Stephen Fitzpatrick
    Dallas, TX
    Erick Kuebler
    Dallas, TX

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