SANDERS MORRIS LLC
Adviser information for SANDERS MORRIS LLC last updated from Form ADV on March 18th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Texas, United States |
Employees
| Total Number of Employees | 28 |
|---|---|
| Investment Advisory/Research | 13 |
| Registered Broker-Dealer Representatives | 12 |
| Registered State Investment Advisers | 12 |
| Licensed Agents of an Insurance Company | 3 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 729 | $819.9M |
| Non-Discretionary | 0 | $0 |
| Total | 729 | $819.9M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 426 | $171.2M |
| HNW Individuals | 303 | $648.8M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMFixed feesPerformance-based fees |
| Other Business Activities | Broker-dealerRegistered representative of a broker-dealerInsurance broker or agent |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 284.2M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| MANAGED ASSET PROGRAM - ELITE TRADE | SANDERS MORRIS LLC |
| FOCUS ASSET MANAGEMENT PROGRAM | SANDERS MORRIS LLC |
Identifiers
| SEC RIA File Number | 801-66300 |
|---|---|
| SEC ERA File Number | 801-66300 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 20580 |
| Legal Entity Identifier | None |
Principal Office
600 TRAVISSUITE 5900
HOUSTON
TX
United States
Monday - Friday, 8:00 AM TO 5:00 PM
Tel: 713-224-3100, Fax: 713-220-5182
Chief Compliance Officer
STEVE MANGOLD
CHIEF EXECUTIVE OFFICER /CHIEF COMPLIANCE OFFICER
600 TRAVIS ST 59TH FL
HOUSTON
TX
United States
Tel:
713-250-4222
Fax:
713-250-4297
S************@****************M
(Full email address available in API data)
Regulatory Contact
GEORGE BALL
CHAIRMAN OF THE BOARD / DIRECTOR
600 TRAVIS
SUITE 5900
HOUSTON
TX
United States
Tel:
713-250-4280
Fax:
713-250-4297
G**********@****************M
(Full email address available in API data)
Industry Affiliates
| CAIN, WATTERS & ASSOCIATES, LLC | Other investment adviser, including financial plannersAccountant or accounting firm |
| HWG INSURANCE AGENCY, LLC | Insurance company or agency |
| T BANK, NA | Banking or thrift institution |
| TECTONIC ADVISORS LLC | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| BALL, GEORGE LESTER | Individual | – | CHAIRMAN OF THE BOARD (9/2015) | 02/2000 | < 5% |
| BLOCK, DAVID WILLIAM | Individual | – | OPERATIONS MANAGER | 01/2016 | < 5% |
| SHERMAN, ARTHUR HAAG | Individual | TECTONIC FINANCIAL, INC. | OWNER | 02/2007 | 25-50% |
| SHERMAN, ARTHUR HAAG | Individual | – | MANAGER, GENERAL COUNSEL | 05/2017 | < 5% |
| KUEBLER, ERICK GEORGE REVELLE | Individual | – | MANAGER, PRESIDENT | 05/2017 | < 5% |
| LYONS, PAUL DOUGLAS | Individual | – | FINOP, PRINCIPAL FINANCIAL OFFICER | 03/2018 | < 5% |
| TECTONIC FINANCIAL, INC. | Domestic Entity | – | PARENT COMPANY | 05/2019 | > 75% |
| MANGOLD, STEPHEN MICHAEL | Individual | – | CHIEF COMPLIANCE OFFICER | 11/2019 | < 5% |
| MANGOLD, STEPHEN MICHAEL | Individual | – | CHIEF EXECUTIVE OFFICER | 01/2021 | < 5% |