Deep Discount Advisors Inc (Houston)

Deep Discount Advisors Inc is a large advisory firm based in Houston. It manages $120.54 million of regulatory assets for 174 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, North Carolina, and Texas.

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

Deep Discount Advisors: assets under management

The assets under management (AUM) of Deep Discount Advisors Inc is $120.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $120.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $692.75 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Deep Discount Advisors Inc for their services and products based on a percentage of assets under management and performance-based 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.

Careers at Deep Discount Advisors Inc

Ronald Olin has been acting as President since 1 Jun 1993. Ralph Denneth Mcbride joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Olin	President	1 Jun 1993	75% - 100%	1651137
Ralph Denneth Mcbride	President	1 Mar 2005	75% - 100%	4343816
Paul Bundy Thompson	Chief compliance officer	1 Mar 2005	Other	1334491

Based in Houston

The principal office where Deep Discount Advisors Inc performs its advisory services is located at 1800 Bering, Suite 850, Houston, TX 77057, which is also the mailing address of the firm. An additional office of the firm is in Asheville, NC. It doesn’t run an office outside of the United States.