Sarofim Trust Co

CRD#106590
Investment Advisor Firm

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Learn more about Sarofim Trust Co

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

    • Overview

    Sarofim Trust Co is located at Two Houston Center, Houston, TX. The firm employs 21 financial advisors to manage client portfolios and provide financial guidance. Sarofim Trust Co is not a registered broker-dealer.

    Sarofim Trust Co oversees $7.1 billion in assets under management across 49 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for institutional clients, and other services. The firm caters to high net worth investors, pension plans, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Sarofim Trust Co is asset-based. The firm has 38 high net worth clients.

    Sarofim Trust Co is registered in the state of Texas.

    Assets Under Management

    $7.1 billion

    Number of Advisors

    21

    Disclosures

    No

    Office Location

    Two Houston Center
    Houston, TX 77010-1014

    Sarofim Trust Co by the Numbers

    Total Assets Under Management

    $7.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    28

    National Average: 64
    Total Number of Accounts

    49

    National Average: 375,227
    Average Account Size

    $145.6 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice usually are based on which services are provided. Fees billed by Sarofim Trust Co typically consist of the following fee structure: asset-based.

    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.

    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 company works with high net worth investors, pension plans, charitable organizations, and corporations. Out of its 4 clients, Sarofim Trust Co's largest client group by number of accounts is high net worth investors, but it also caters to 38 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 is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 77.55%
    • Other Individuals - 0%
    • Corporations - 8.16%
    • Charitable Organizations - 14.29%

    * 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

    Sarofim Trust Co does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Sarofim Trust Co

    Ralph Thomas
    Houston, TX

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