GA
Firm Information
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.
Areas of Practice
Investment ManagementHigh Net Worth
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Advisor Information
Office location
600 Travis, Suite 5900, Houston, TX, 77002
Get directionsRegulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
July 2002Denied
Employment History
Current Registrations
Sanders Morris LLC Broker
October 2010 - Present · 15 yrs 3 mos
Sanders Morris LLC
October 2010 - Present · 15 yrs 3 mos
Previous Registrations
Miller-Green Financial Services LLC
June 2016 - December 2018 · 2 yrs 6 mos
Abshier Webb Donnelly & Baker, INC.Broker
March 2009 - October 2010 · 1 yr 7 mos
Abshier, Webb, Donelly, & Baker, INC.
March 2009 - October 2010 · 1 yr 7 mos
Stanford Group Company
March 2003 - March 2009 · 6 yrs
Stanford Group CompanyBroker
March 2003 - March 2009 · 6 yrs
Morgan Keegan & Company, INC.Broker
January 2001 - March 2003 · 2 yrs 2 mos
Morgan Keegan & Company, INC.
January 2001 - March 2003 · 2 yrs 2 mos
First Union Securities, INC. Broker
June 1995 - February 2001 · 5 yrs 8 mos
Lehman Brothers INC.Broker
July 1990 - July 1995 · 5 yrs
F.N. Wolf & Co., INC.Broker
May 1988 - June 1990 · 2 yrs 1 mo
Sherwood Capital, INC.Broker
January 1988 - June 1988 · 5 mos
State Registrations51 states
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AdvisorBrokerBoth
Exams
No exam information available for this advisor.