Lionstone Partners, LLC (Houston)

Name: Lionstone Partners, LLC
Address: 712 Main Street, Houston, TX, 77002
Telephone: 713-533-5860

Lionstone Partners, LLC is a large advisory firm based in Houston. It manages $4.18 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Lionstone Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lionstone Partners: assets under management

The assets under management (AUM) of Lionstone Partners, LLC is $4.18 billion. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.04 billion in discretionary accounts and $133.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $311.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $133.46 million.

Lionstone Partners has custody of $4.04 billion in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lionstone Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jane Bass Page serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Jane Bass Page is pooled investment vehicles with 13 clients and $4.04 billion of assets under management. Among the 13 most similar advisory firms, Lionstone Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.18 billion for 14 clients. None of the firm’s clients are foreign persons or businesses.

Lionstone Partners also advises several private funds. Namely, four hedge funds and nine real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Lionstone Partners, LLC

The company employs 60 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Jane Bass Page has been acting as President since 1 May 2014. Llc Columbia Management Investment Advisers joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Raymond Dubrowski	Executive vice president	1 Oct 2001	Other	6011443
Glenn Lane Lowenstein	Executive vice president	1 Oct 2001	Other	6011440
John Winters Enerson	Chief compliance officer / executive vice president	1 Dec 2011	Other	6011438
Jane Bass Page	President	1 May 2014	Other	6178906
Andrew James Bruce	Executive vice president	1 Oct 2014	Other	6467223
Thomas Patrick Paterson	Executive vice president	1 Aug 2016	Other	6774903
Bryan Bernard Sanchez	Executive vice president	1 Aug 2016	Other	6774913
Andrew Stephen Lusk	Executive vice president	1 Aug 2016	Other	5376150
Llc Columbia Management Investment Advisers	Managing member	1 Nov 2017	75% - 100%	108257
James Anthony Brefeld	Treasurer	1 Nov 2017	Other	4796795

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Ameriprise Financial	Managing member	1 May 2010	75% - 100%	6320

Based in Houston

The principal office where Lionstone Partners, LLC performs its advisory services is located at 712 Main Street, Houston, TX 77002, 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 713-533-5860 or by fax 713-533-5897. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at lionstoneinvestments.com.