Eubank, Hutson & Associates, LLC (Plano)

Eubank, Hutson & Associates, LLC is a large advisory firm based in Plano. It manages $109.51 million of regulatory assets for 530 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Texas.

Eubank, Hutson & Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eubank, Hutson & Associates: assets under management

The assets under management (AUM) of Eubank, Hutson & Associates, LLC is $109.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $206.63 thousand each.

Eubank, Hutson & Associates has custody of $60.47 million in cash and securities for 240 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 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eubank, Hutson & Associates, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Eubank, Hutson & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Eubank, Hutson & Associates is individuals with 284 clients and $65.69 million of assets under management. Among the 6 most similar advisory firms, Eubank, Hutson & Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $109.51 million for 309 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.

Eubank, Hutson & Associates doesn't advise any private funds.

Careers at Eubank, Hutson & Associates, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bobby Leon Eubank	Managing partner, chief compliance officer	1 Apr 2015	50% - 75%	1528644
Keith Daniel Hutson	Managing partner	1 Apr 2015	50% - 75%	4448756

Based in Plano

The principal office where Eubank, Hutson & Associates, LLC performs its advisory services is located at 5928 W. Parker Rd., Plano, TX 75093, 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 972-473-2244 or by fax 972-473-7766. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday.