First Endowment Development Corp is a large advisory firm based in Houston. It manages $2.18 billion of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Massachusetts, and Texas.
First Endowment Development Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Endowment Development Corp is $2.18 billion. The firm's AUM has grown by 143% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay First Endowment Development Corp 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.
The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Nancy Beth Savoie is high net worth individuals with 119 clients and $1.66 billion of assets under management. Among the 12 most similar advisory firms, First Endowment Development Corp has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.18 billion for 122 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.
First Endowment Development Corp doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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 don’t receive compensation from other entities for client referrals.
Nancy Beth Savoie has been acting as President since 1 Jun 2008. Paul Leon Comstock joined the executive team most recently as the Director, Relationship Manager.
The principal office where First Endowment Development Corp performs its advisory services is located at 6363 Woodway, Houston, TX 77057, 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 713-977-2694 or by fax 713-877-1363. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at paulcomstockpartners.com.