Portfolio Advisory Council, L.L.C. (Houston)

Name: Portfolio Advisory Council, L.L.C.
Address: 3 Greenway Plaza, Houston, TX, 77046
Telephone: 713.574.6015

Portfolio Advisory Council, L.L.C. is a large advisory firm based in Houston. It manages $288.22 million of regulatory assets for 1,347 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Louisiana and Texas.

Portfolio Advisory Council, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Portfolio Advisory Council, L.L.C: assets under management

The assets under management (AUM) of Portfolio Advisory Council, L.L.C. is $288.22 million. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $222.42 million in discretionary accounts and $65.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $307.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $105.61 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Portfolio Advisory Council, L.L.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 Portfolio Advisory Council, L.L.C serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Portfolio Advisory Council, L.L.C is high net worth individuals with 106 clients and $160.93 million of assets under management. Among the 8 most similar advisory firms, Portfolio Advisory Council, L.L.C has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $288.22 million for 424 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.

Portfolio Advisory Council, L.L.C doesn't advise any private funds.

Careers at Portfolio Advisory Council, L.L.C.

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives 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
Philip Bruce Moran	Managing partner, compliance officer	1 Aug 1998	25% - 50%	3187914
James William Hamilton	Non-managing partner	1 Aug 1998	25% - 50%	2503669
William Thomas Sutton	Managing partner & chief compliance officer	1 Aug 1998	25% - 50%	1303860
William Chris Shepherd	Non-managing partner	1 Aug 1998	25% - 50%	1708123

Based in Houston

The principal office where Portfolio Advisory Council, L.L.C. performs its advisory services is located at 3 Greenway Plaza, Houston, TX 77046, 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 713.574.6015 or by fax 713.622.3950. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at pacadvisory.com.