David M. Lee, P.C. (Houston)

David M. Lee, P.C. is a large advisory firm based in Houston. It manages $397.67 million of regulatory assets for 245 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

David M. Lee, P.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

David M. Lee, P.C: assets under management

The assets under management (AUM) of David M. Lee, P.C. is $397.67 million. The company doesn't manage any assets belonging to foreign clients.

David M. Lee, P.C has custody of $400.71 million in cash and securities for 53 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 68% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay David M. Lee, P.C. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David M. Lee, P.C serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David M. Lee, P.C is high net worth individuals with 18 clients and $350.63 million of assets under management. Among the 7 most similar advisory firms, David M. Lee, P.C has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $397.67 million for 53 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

David M. Lee, P.C doesn't advise any private funds.

Careers at David M. Lee, P.C.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Michael Lee	President and chief compliance officer	1 Jan 1990	75% - 100%	4491042

Based in Houston

The principal office where David M. Lee, P.C. performs its advisory services is located at 952 Echo Lane, Houston, TX 77024 2816, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-773-1100 or by fax 713-464-1314. The normal business hours are 9:00am-6:00pm on Monday - Friday.