Harris Preston & Partners, LLC is a large advisory firm based in Austin. It manages $411.66 million of regulatory assets for 81 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.
Harris Preston & Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Harris Preston & Partners, LLC is $411.66 million. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Harris Preston & Partners, LLC for their services and products based on a percentage of assets under management. 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.
The only and largest group of clients of Harris Preston & Partners is pooled investment vehicles with 75 clients and $411.66 million of assets under management. Among the 11 most similar advisory firms, Harris Preston & Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $411.66 million for 75 clients. None of the firm’s clients are foreign persons or businesses.
Harris Preston & Partners also advises several private funds. Namely, seventy nine private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.
The company employs 13 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. No 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.
The principal office where Harris Preston & Partners, LLC performs its advisory services is located at 2901 Via Fortuna, Austin, TX 78746, 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 512-320-4111. The normal business hours are by appointment on Other. You can find more information about the New York firm at harrispreston.com.