Erik Syver Klefos

Sanders Morris LLC

41 Years of Experience

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Firm Information

Sanders Morris LLC

Compensation

Fee-Only (AUM)Fixed/Hourly

Number of Advisors

18 advisors

Number of Clients

613 clients

Average Client Portfolio

$1.6M average

Assets Under Management

$991.7M

Fee Structure

Financial Planning:Investment management only

AUM-Based Fees (Tiered)

Assets Under Management	Annual Fee
Up to $500K	3.00%
$500K - $1.0M	2.25%
$1.0M - $2.0M	1.90%
$2.0M - $4.5M	1.70%
$4.5M+	1.50%

These fees apply to Elite, Elite Choice, Elite LIS and Elite LAAP. Elite Trade has a different fee schedule.

Fee Estimator

Your Portfolio Value

$500K

$0$500K$1M$5M$20M

Estimated Annual Fee

—

Sanders Morris LLC offers a wrap fee program where fees are calculated based on the market value of securities held in the account. The total program fee compensates SM, the Representative, and Lockwood for their services. The portion of the fee payable to SM and the Representative is negotiable, but the Lockwood portion is not. The Lockwood platform fee ranges from 0.20% to 0.75% per year depending on the platform and total assets. Portfolio Manager fees are generally not included in the Total Program Fee for MAP, except for Elite LIS and Elite LAAP.

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Areas of Practice

Investment ManagementHigh Net Worth

Advisor Information

Office location

600 Travis, Suite 5900, Houston, TX, 77002-3003

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Regulatory History (1)

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