Trust Asset Management LLC
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Overview
Trust Asset Management LLC operates as a financial advisory company that has its headquarters in Houston, Texas. It manages $2.1 billion in assets under management throughout 152 client accounts, placing it among the largest firms in the United States by assets under management (AUM). The firm has a small group, including 7 financial advisors. Trust Asset Management LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like equities, bonds and options.
Trust Asset Management LLC administers all of its accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell decisions for the client's account without requiring client authorization. Trust Asset Management LLC administers roughly $14.1 million in assets for each account. An average financial advisor at Trust Asset Management LLC oversees about 22 client accounts, making it one of the more personalized firms in the country.
The company's main office is located at 1900 St James Place, Houston, Texas 77056. It is allowed to serve customers across 7 states, including California, Hawaii, Florida, Illinois, New Jersey, Tennessee and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Trust Asset Management LLC by the Numbers
$2.1 billion
10
152
$14.1 million
Fee Structure
Financial advisory fees typically depend on which services are offered. However, fee types charged by Trust Asset Management LLC likely include some blend of the following fee structures: asset-based or performance-based. The firm does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with pooled investment vehicles, corporations and other. Out of its 152 clients, Trust Asset Management LLC's biggest client is other. None of the firm's customers reside abroad.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Trust Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Trust Asset Management LLC
Houston, TX
Houston, TX
Houston, TX
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