Fayez Sarofim & Co

CRD#106584
Investment Advisor Firm

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Overview

Fayez Sarofim & Co operates as a financial advisory company headquartered in Houston, Texas. The firm has $29.0 billion in total assets throughout 3,129 client accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). It has an average-sized team, including 21 financial advisors. Fayez Sarofim & Co is not a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as stocks, options and bonds.

Fayez Sarofim & Co manages more than half of its client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments without needing to seek client consent. The company also has 20 non-discretionary accounts with a total of $286.9 million in assets. The investment advisory firm's average account size is $9.3 million. The typical financial advisor at Fayez Sarofim & Co oversees around 149 client accounts.

Fayez Sarofim & Co's main office is located at Two Houston Center, Houston, Texas 77010. The firm is legally permitted to serve investors across 50 U.S. states and territories.

Assets Under Management

$29.0 billion

Number of Advisors

21

Disclosures

No

Office Location

Two Houston Center
Houston, TX 77010

Fayez Sarofim & Co by the Numbers

Total Assets Under Management

$29.0 billion

National Average: $8.6 billion
Total Number of Employees

51

National Average: 64
Total Number of Accounts

3,129

National Average: 375,227
Average Account Size

$9.3 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial advice typically are based on which service is offered. However, fees billed by the company typically consist of the following fee type: asset-based. The company does participate in 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

Fayez Sarofim & Co works with a number of different clients. The company works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 3,129 customers, Fayez Sarofim & Co's largest client group is retail investors, though it also serves 282 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 9.01%
  • Other Individuals - 83.35%
  • Corporations - 4.57%
  • Charitable Organizations - 3.07%

* 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

Fayez Sarofim & Co does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Fayez Sarofim & Co

Vernon Perry
Houston, TX
David Searls
Houston, TX
Anthony Gracely
Houston, TX
Matthew Altenau
Houston, TX
Alan Christensen
Houston, TX
Andrew Ziccardi
Houston, TX
Christopher Sarofim
Houston, TX
William Lee Jr.
Houston, TX
Nicholas Zdeblick
Houston, TX

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