Linscomb & Williams Inc (Houston)


Linscomb & Williams Inc is a large advisory firm based in Houston. It manages $2.81 billion of regulatory assets for 1,622 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Colorado, and 10 other states.

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Linscomb & Williams provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Linscomb & Williams: assets under management

The assets under management (AUM) of Linscomb & Williams Inc is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 220% since the beginning of its operation, and $492.28 thousand of the total AUM is attributable to clients outside of the United States.


The firm manages $2.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.73 million each.
Linscomb & Williams has custody of $2.81 billion in cash and securities for 1,600 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 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Linscomb & Williams Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Paul B Murphy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul B Murphy is high net worth individuals with 506 clients and $1.87 billion of assets under management. Among the 12 most similar advisory firms, Linscomb & Williams has the 4th highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $2.81 billion for 1,622 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Linscomb & Williams doesn't advise any private funds.

Careers at Linscomb & Williams Inc

The company employs 48 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Paul B Murphy has been acting as President since 1 Aug 2012. Wendel Emerson Skolaski joined the executive team most recently as the Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Daniel John Linscomb President 1 Dec 1976 Other 1075291
George Franklin Williams Vice president 1 Dec 1976 Other 733129
Joseph Harold Williams Treasurer 1 Dec 1976 Other 860333
George Walter Christopherson Secretary 1 Sep 1982 Other 1046087
Mark Alan Kaufman Vice president 1 Jan 1987 Other 1480303
Heidi Leuppi Davis Sr. vice president 1 Aug 1992 Other 1700988
Carolyn Ann Galfione Chief financial officer 1 May 1996 Other 4360847
Encore Bank Parent company 1 Aug 2005 75% - 100% 75-0308397
James Samuel Jr Dagostino Chrmn & ceo 1 Sep 2005 Other 1852699
L. Anderson Creel Exec vp, cfo, & treasurer 1 Sep 2005 Other 5030216
Robert D. Mrlik Exec vp 1 Sep 2005 Other 5030220
Rhonda L. Carroll Sr vp & ass't secretary 1 Sep 2005 Other 5030223
James Charles Aulbach Chief compliance officer 1 Jul 2009 Other 2515720
Andrew Austin Page Vice president & asst treasurer 1 Jul 2009 Other 2813050
Joseph Harold Williams President & ceo 1 Jan 2010 Other 860333
Joseph Harold Williams President & ceo 1 Mar 2011 Other 860333
George Walter Christopherson Executive vice president 1 Mar 2011 Other 1046087
Heidi Leuppi Davis Senior vice president 1 Mar 2011 Other 1700988
Rhonda L. Carroll Sr vp & secretary 1 Mar 2011 Other 5030223
James Allen Atkinson Senior vice president 1 Mar 2011 Other 2339222
Jonathon Durst Mcadams Senior vice president 1 Mar 2011 Other 4774862
Patrick Timothy Oakes Executive vice president and chief financial officer 1 Dec 2011 Other 2253286
N.A. Cadence Bank Parent company 1 Jul 2012 75% - 100% 64-0156695
Paul B Murphy Chairman 1 Aug 2012 Other 4469077
Rudolph Henry Holmes Director 1 Aug 2012 Other 4782320
Mark Alan Wesson Director 1 Aug 2012 Other 2870801
Jeffrey Lee Sarff Senior vice president & cfo 1 Apr 2013 Other 2336413
Phillip Paul Hamman Executive vice president & director of wealth management 1 Apr 2013 Other 5977025
Kyi Kyi Win Executive vice president & coo 1 Apr 2013 Other 4047381
Ryan Lenn Patterson Executive vice president & chief investment officer 1 Feb 2014 Other 5111777
Lynnette Diane Okwuonu Executive vice president & cfo/controller 1 Mar 2015 Other 3003055
Wendel Emerson Skolaski Director 1 Dec 2015 Other 4164693

Based in Houston

The principal office where Linscomb & Williams Inc performs its advisory services is located at 1400 Post Oak Blvd, Houston, TX 77056, which is also the mailing address of the firm. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-840-1000 or by fax 713-840-7802. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at linscomb-williams.com.