Robert Harrell Incorporated (Austin)

Name: Robert Harrell Incorporated
Address: 8310 N Capital Of Texas Highway, Austin, TX, 78731
Telephone: 512-795-9100

Robert Harrell Incorporated is a large advisory firm based in Austin. It manages $509.67 million of regulatory assets for 75 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Texas.

Robert Harrell Incorporated provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Robert Harrell Incorporated: assets under management

The assets under management (AUM) of Robert Harrell Incorporated is $509.67 million. The firm's AUM has gone down by -71% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.1 million in discretionary accounts and $367.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $22.97 million.

Robert Harrell Incorporated has custody of $60 million in cash and securities for 49 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 88% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Robert Harrell Incorporated 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 Sandra Kaye Larsen Harrell serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sandra Kaye Larsen Harrell is high net worth individuals with 10 clients and $129.17 million of assets under management. Among the 9 most similar advisory firms, Robert Harrell Incorporated has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $452.95 million for 61 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.

Robert Harrell Incorporated doesn't advise any private funds.

Careers at Robert Harrell Incorporated

The company employs 7 people that are either part- or full-time employees. 86 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 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.

Sandra Kaye Larsen Harrell has been acting as President since 1 Dec 2009. William Butler Harrell joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Lee Harrell	Chief executive officer	1 Jul 1991	25% - 50%	237578
Sandra Kaye Larsen Harrell	Vice president, secretary, treasurer	1 Jul 1991	Other	xxx-xx-xxxx
Sandra Harrell	Vice president/secretary/treasurer	1 Jul 1991	Other	2437600
Robert Lee Harrell	Chief compliance officer	1 Oct 2004	75% - 100%	xxx-xx-xxxx
Sandra Kaye Larsen Harrell	President/secretary/treasurer/chief operating officer	1 Dec 2009	50% - 75%	2437600
Scott Britton Curran	Chief compliance officer	1 Jul 2011	Other	4708170
William Butler Harrell	Chief compliance officer	1 Jan 2018	Other	3053590

Based in Austin

The principal office where Robert Harrell Incorporated performs its advisory services is located at 8310 N Capital Of Texas Highway, Austin, TX 78731, 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 512-795-9100 or by fax 512-795-0633. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at harrell.com.