Mosaic Advisors LLC (Houston)

Name: Mosaic Advisors LLC
Address: 4265 San Felipe Street, Houston, TX, 77027
Telephone: 713-980-4100

Mosaic Advisors LLC is a large advisory firm based in Houston. It manages $221.06 million of regulatory assets for 121 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Texas.

Mosaic Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mosaic Advisors: assets under management

The assets under management (AUM) of Mosaic Advisors LLC is $221.06 million. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $138.59 million in discretionary accounts and $82.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.69 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.11 million.

Mosaic Advisors has custody of $76.38 million in cash and securities for 32 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in pooled investment vehicles form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mosaic Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mosaic Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mosaic Advisors is high net worth individuals with 31 clients and $216.93 million of assets under management. Among the 9 most similar advisory firms, Mosaic Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $218.32 million for 36 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.

Mosaic Advisors doesn't advise any private funds.

Careers at Mosaic Advisors LLC

The company employs 11 people that are either part- or full-time employees. 55 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Christopher Perras has served as the Chief Investment Officer since 1 May 2014. Llc Mosaic Wealth Partners joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Mosaic Wealth Partners	Managing member	1 Jun 2012	75% - 100%	45-5603500
Christopher Perras	Chief investment officer	1 May 2014	Other	2401654

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jay Lee Goldberg	Managing partner	1 Jun 2012	25% - 50%	1012351
Brandon Ross Henry	Partner	1 Jun 2012	25% - 50%	4854666
Carey Stuart Kesner	Partner	1 Jun 2012	25% - 50%	4907404

Based in Houston

The principal office where Mosaic Advisors LLC performs its advisory services is located at 4265 San Felipe Street, Houston, TX 77027, 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 713-980-4100 or by fax 713-574-3151. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at mosaicadvisors.com.