Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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
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
Advisor Information
Office location
600 Travis, Suite 5900, Houston, TX, 77002
Get directionsRegulatory History (1)
Employment Separation After Allegations
August 2002Other Business Activities
Arthur is a co-owner of Bigfoot Energy Services, a director at Hilltop Holdings and CBIZ, a registered representative with Sanders Morris Harris, and CEO/CIO of Tectonic Advisors. He also serves as Chairman of the Board for T-Bank and Tectonic Financial, Inc.