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Harris Associates LP (Chicago)


Harris Associates LP is a large advisory firm based in Chicago. It manages $107.37 billion of regulatory assets for 2,225 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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Harris Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harris Associates: assets under management

The assets under management (AUM) of Harris Associates LP is $107.37 billion. The firm's AUM has grown by 743% since the beginning of its operation, and $17.19 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $107.35 billion in discretionary accounts and $26.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $50.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $286.83 thousand.
Harris Associates has custody of $3.86 billion in cash and securities for 1,106 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in derivatives form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harris Associates LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harris Associates serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Harris Associates is investment companies with 22 clients and $75.02 billion of assets under management. Among the 9 most similar advisory firms, Harris Associates has the highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $106.12 billion for 2,220 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Harris Associates also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Harris Associates LP

The company employs 201 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Marian Margaret Head Chief compliance officer 1 Nov 1994 Other 1477955
Harris Associates Inc. General partner 1 Sep 1995 Other 04-3276549
Inc. Harris Associates General partner 1 Sep 1995 Other 04-3276549
Llc Natixis Global Asset Management Holdings Corp gp, shareholder 1 Oct 1995 Other 04-3241308
L.P. Natixis Global Asset Management Limited partner of the applicant 1 Oct 1995 75% - 100% 04-3398261
Llc Natixis Investment Managers Holdings Corp gp, shareholder 1 Oct 1995 Other 04-3241308
L.P. Natixis Investment Managers Limited partner of the registrant 1 Oct 1995 75% - 100% 04-3398261
Inc. Cdc Ixis Asset Management Services Corp gp, shareholder 1 Oct 1995 Other 04-3241308
L.P. Cdc Ixis Asset Management North America Limited partner 1 Oct 1995 75% - 100% 04-3398261
David Gregory Herro Director of general partner 1 Oct 1995 Other 2394997
Robert Musser Levy President, ceo 1 Oct 1995 Other 1390920
Roxanne Mary Martino Vice president 1 Oct 1995 Other 1604286
William Carl Nygren Director of general partner 1 Oct 1995 Other 1088592
Peter Stuart Voss Director of general partner 1 Oct 1995 Other 2322527
Ixis Asset Management Holdings Llc Corp gp, shareholder 1 Oct 1995 Other 04-3241308
L.P. Ixis Asset Management North America Limited partner of the applicant 1 Oct 1995 75% - 100% 04-3398261
L.P. Ixis Asset Management Us Group Limited partner of the applicant 1 Oct 1995 75% - 100% 04-3398261
Natixis Global Asset Management Holdings Llc Corp gp, shareholder 1 Oct 1995 Other 04-3241308
Kristi Lineburg Rowsell Secretary, treasurer, chief financial officer 1 Oct 1999 Other 2298543
Floyd Joseph Bellman Vice president 1 Oct 1999 Other 2610481
Anita Marie Nagler Chief operating officer, general counsel 1 Jan 2000 Other 2503631
G Neal Ryland Director of general partner 1 May 2000 Other 2544937
David Gregory Herro Vice president 1 Feb 2001 Other 2394997
Roxanne Mary Martino Vice president 1 Feb 2001 Other 1604286
Anita Marie Nagler Managing director of alternative & international investing group, director of gp 1 Feb 2001 Other 2503631
Janet Lee Reali Vice president, general counsel & secretary 1 Mar 2001 Other 2164750
Janet Lee Reali Vice president, general counsel & secretary 1 Apr 2001 Other 2164750
John R Raitt Chief operating officer & director of gp 1 Sep 2001 Other 3062383
Robert Musser Levy Chairman, chief investment officer, u.s. equity & director of gp 1 Jan 2003 Other 1390920
John R Raitt President, ceo & director of gp 1 Jan 2003 Other 3062383
Henry R. Berghoef Vice president 1 Jan 2003 Other 4340668
David Gregory Herro Vice president, director of gp 1 Jun 2003 Other 2394997
Roxanne Mary Martino Vice president, alternative investments 1 Jun 2003 Other 1604286
Anita Marie Nagler Managing director, alternative investments, director of gp 1 Jun 2003 Other 2503631
Robert A. Taylor Vice president and director of international research 1 Apr 2005 Other 4345091
Janet Lee Reali Chief compliance officer, vice president, general counsel & secretary 1 Apr 2005 Other 2164750
Colin Patrick Mcfarland Chief compliance officer 1 Jun 2005 Other 1399488
Clyde Smith Mcgregor Vice president 1 Oct 2006 Other 1649203
William Carl Nygren Vice president 1 Oct 2006 Other 1088592
Chad Michael Clark Vice president 1 Oct 2006 Other 2515161
Michael Joseph Mangan Vice president 1 Oct 2006 Other 1902866
Michael Joseph Neary Vice president and managing director, marketing and client relations 1 Oct 2006 Other 2297332
Pierre Servant Director of general partner 1 Mar 2007 Other 4409627
Jeremiah Harrison Chafkin Director of general partner 1 Apr 2007 Other 4029494
John Nicholas Desmond Chief operating officer 1 Jun 2007 Other 1728262
John Thomas Hailer Director of general partner 1 Oct 2007 Other 1635883
Kristi Lineburg Rowsell President & director of gp 1 May 2010 Other 2298543
Janet Lee Reali Vice president, general counsel, secretary & director of gp 1 May 2010 Other 2164750
John R Raitt Vice president 1 May 2010 Other 3062383
Thomas E. Herman Chief financial officer and treasurer 1 Sep 2010 Other 4915058
Edward Straus Loeb Vice president 1 Nov 2011 Other 1389692
Thomas W Murray Vice president and director of u.s. research 1 Nov 2012 Other 3219802
Randall Thomas Zipfel Chief operating officer 1 Nov 2013 Other 4347872
David Gregory Herro Deputy chairman, chief investment officer, international equity, director of gp 1 Jan 2015 Other 2394997
Anthony Paul Coniaris Co-chief executive officer and director of general partner 1 Jan 2015 Other 3068817
Kevin Gordon Grant Co-chief executive officer and director of general partner 1 Jan 2015 Other 2191184
Michael L Manelli Vice president 1 Jan 2015 Other 4214247
Christopher Wolfgang Keller Chief operating officer 1 May 2015 Other 2865184
Justin David Hance Vice president and director of international research 1 Jan 2016 Other 6607693
Heidi Walter Hardin Vice president, general counsel & secretary 1 Jan 2016 Other 2619251
Hance David Justin Vice president and director of international research 1 Jan 2016 Other 6607693
Evelyn Maria Ferro Interim chief financial officer 1 Feb 2016 Other 5460529
Zachary David Weber Chief financial officer and treasurer 1 Nov 2016 Other 5483343
Michael Colin Hudson Vice president 1 Nov 2016 Other 4007989
Jason Edwin Long Vice president 1 Nov 2016 Other 5743692
David Lawrence Giunta Director of general partner 1 May 2017 Other 2290469
Jean Raby Director of general partner 1 May 2017 Other 3012405
Beverly Mills Bearden Director of general partner 1 Sep 2017 Other 4473184
Rana Jewel Wright Vice president, general counsel and secretary 1 Feb 2018 Other 6357277
Eric Si Yuan Liu Vice president 1 Jan 2019 Other 4569669

Indirect Owners

The SEC currently registers 53 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Cdc Ixis Asset Management Holdings Shareholder 1 Oct 1995 75% - 100% 04-3241308
Llc Cdc Ixis Asset Management Holdings Shareholder 1 Oct 1995 75% - 100% 04-3241308
Llc Ixis Asset Management Holdings Shareholder 1 Oct 1995 75% - 100% 04-3241308
Inc. Natixis U.S. Holdings Limited partner 1 Oct 2000 75% - 100% 13-4146043
Llc Natixis Global Asset Management General partner 1 Oct 2000 Other 13-4146162
Llc Natixis Investment Managers General partner 1 Oct 2000 Other 13-4146162
Caisse Des Depots Et Consignations Shareholder 1 Oct 2000 75% - 100% 13-3759209
Cnp Assurances Shareholder 1 Oct 2000 Other foreign entity
Caisse Nationale Des Caisses D'epargne Shareholder 1 Oct 2000 Other foreign entity
Cdc Ixis Shareholder 1 Oct 2000 50% - 75% foreign entity
Cdc Ixis Asset Management S.A. Shareholder 1 Oct 2000 75% - 100% foreign entity
Cdc Ixis Asset Management Us Corporation Limited partner, member 1 Oct 2000 75% - 100% 13-4146043
Llc Cdc Ixis Asset Management Us General partner 1 Oct 2000 Other 13-4146162
Government Of France Supervisor 1 Oct 2000 75% - 100% foreign entity
Cdc Ixis (Cdc Finance) Shareholder 1 Oct 2000 75% - 100% foreign entity
Cdc Ixis Asset Management Shareholder 1 Oct 2000 75% - 100% foreign entity
Cdc Ixis Asset Management U.S. Corporation Limited partner, member 1 Oct 2000 75% - 100% 13-4146043
Llc Cdc Ixis Asset Management U.S. General partner 1 Oct 2000 Other 13-4146162
Caisse Des Depots Et Consignations (Cdc) Shareholder 1 Oct 2000 25% - 50% 13-3759209
Cdc Finance Cdc Ixis Shareholder 1 Oct 2000 75% - 100% foreign entity
Cdc Ixis Asset Management Us Llc General partner 1 Oct 2000 Other 13-4146162
Ixis Asset Management Shareholder (common stock) 1 Oct 2000 75% - 100% foreign entity
Ixis Asset Management Us Corporation Limited partner, member 1 Oct 2000 75% - 100% 13-4146043
Ixis Asset Management Us Llc General partner 1 Oct 2000 Other 13-4146162
Natixis Global Asset Management Corporation Limited partner 1 Oct 2000 75% - 100% 13-4146043
Natixis Asset Management Llc General partner 1 Oct 2000 Other 13-4146162
Natixis Global Asset Management Llc General partner 1 Oct 2000 Other 13-4146162
Caisse Des Depots Et Consignations Shareholder 1 Jan 2002 50% - 75% 13-3759209
Caisse Nationale Des Caisses D'epargne (Cnce) Shareholder 1 Jan 2002 25% - 50% foreign entity
Eulia Shareholder 1 Jan 2002 50% - 75% foreign entity
Caisse Des Depots Et Consignations (Cdc) Shareholder 1 Jan 2002 25% - 50% 13-3759209
Cdc Holding Finance Shareholder 1 Jan 2002 25% - 50% foreign entity
Cdc Finance Cdc Ixis Shareholder (series a) 1 Oct 2002 75% - 100% foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce) Shareholder 1 Oct 2002 75% - 100% foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce) Shareholder 1 Jun 2004 75% - 100% foreign entity
Natixis Global Asset Management Shareholder 1 Aug 2004 75% - 100% foreign entity
Natixis Investment Managers Shareholder 1 Aug 2004 75% - 100% foreign entity
Ixis Asset Management Group Shareholder 1 Aug 2004 75% - 100% foreign entity
Cdc Finance Cdc Ixis Shareholder 1 Aug 2004 75% - 100% foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce) Shareholder 1 Dec 2004 50% - 75% foreign entity
Natixis Global Asset Management Participations 1 Shareholder 1 Jun 2005 75% - 100% foreign entity
Natixis Investment Managers Participations 1 Shareholder 1 Jun 2005 75% - 100% foreign entity
Ixis Asset Management Participations 1 Shareholder (common stock) 1 Jun 2005 75% - 100% foreign entity
Ixis Asset Management Group Shareholder (series a preferred stock) 1 Sep 2006 75% - 100% foreign entity
Natixis Global Asset Management Shareholder (series a preferred stock) 1 Sep 2006 75% - 100% foreign entity
Natixis Global Asset Management Participations 1 Shareholder (series a preferred stock) 1 Sep 2006 75% - 100% foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce) Shareholder 1 Nov 2006 25% - 50% foreign entity
Banque Federale Des Banques Populaires Shareholder 1 Nov 2006 25% - 50% foreign entity
Natixis Shareholder 1 Nov 2006 75% - 100% foreign entity
Nxbp 1 Shareholder 1 Jun 2007 75% - 100% foreign entity
Natixis Participations 1 Shareholder 1 Jun 2007 75% - 100% foreign entity
Bpce Shareholder 1 Jul 2009 50% - 75% foreign entity
Natixis Shareholder 1 Sep 2011 75% - 100% foreign entity

Based in Chicago

The principal office where Harris Associates LP performs its advisory services is located at 111 S. Wacker Drive, Chicago, IL 60606, 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 312-646-3600 or by fax 312-268-5295. The normal business hours are 8:30 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harrisinst.com.


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