Sequent Asset Management, LLC (Houston)

Name: Sequent Asset Management, LLC
Address: 952 Echo Lane, Suite 445, Houston, TX, 77024
Telephone: 713-467-0008

Sequent Asset Management, LLC is a large advisory firm based in Houston. It manages $570.42 million of regulatory assets for 504 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida and Texas.

Sequent Asset Management 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.

Sequent Asset Management: assets under management

The assets under management (AUM) of Sequent Asset Management, LLC is $570.42 million. The firm's AUM has grown by 614% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $317.71 million in discretionary accounts and $252.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.17 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.08 million.

Sequent Asset Management has custody of $4.37 million in cash and securities for 17 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 37% of the total AUM. The second-largest asset type is government bonds, which make up 21% of the firm’s portfolio. Investments in exchange traded securities form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sequent Asset Management, LLC 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 Sequent Asset Management serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of Sequent Asset Management is high net worth individuals with 461 clients and $474.96 million of assets under management. Among the 7 most similar advisory firms, Sequent Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $570.42 million for 504 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.

Sequent Asset Management doesn't advise any private funds.

Careers at Sequent Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Madsenwaters	Member	1 Jul 2008	50% - 75%	26-3045823
Llc Hartzell	Member	1 Jul 2008	50% - 75%	26-3124359
David Matthew Doll	Founder and chief executive officer	1 Jul 2008	Other	1414550
Timothy Shawn Hartzell	Founder/chief investment officer and chief compliance officer	1 Jul 2008	Other	1044121
Llc Gaille Sequent Partners	Member	1 Jul 2008	25% - 50%	26-3042534

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tim Hartzell	Managing member	1 Jul 2008	75% - 100%	5380156
Shelby Scott Gaille	Managing member	1 Jul 2008	75% - 100%	5581336

Based in Houston

The principal office where Sequent Asset Management, LLC performs its advisory services is located at 952 Echo Lane, Suite 445, Houston, TX 77024, 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 713-467-0008 or by fax 713-467-0081. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at sequentasset.com.