Salient Private Client, LLC is an adviser based in Houston. It manages $189.95 million of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2017.
Salient Private Client provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. 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 Salient Private Client, LLC is $189.95 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -89% 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 Salient Private Client, LLC for their services and products based on a percentage of assets under management, fixed fees, 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.
The only and largest group of clients of Salient Private Client is high net worth individuals with 46 clients and $189.95 million of assets under management. Among the 7 most similar advisory firms, Salient Private Client has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $189.95 million for 46 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.
Salient Private Client also advises several private funds. Namely, twenty nine other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.
The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 Salient Private Client, LLC performs its advisory services is located at 4265 San Felipe Street, Houston, TX 77027, 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 17139954010. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at salientindices.com.