Stegent Equity Advisors Inc. (Houston)

Name: Stegent Equity Advisors Inc.
Address: 24 Greenway Plaza, Houston, TX, 77046
Telephone: 713-840-9300 X104

Stegent Equity Advisors Inc. is a large advisory firm based in Houston. It manages $170.47 million of regulatory assets for 368 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Texas.

Stegent Equity Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stegent Equity Advisors: assets under management

The assets under management (AUM) of Stegent Equity Advisors Inc. is $170.47 million. The firm's AUM has grown by 546% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.78 million in discretionary accounts and $1.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $468.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $210.43 thousand.

Stegent Equity Advisors has custody of $17.47 million in cash and securities for 5 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 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stegent Equity Advisors Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Loyd James Stegent serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Loyd James Stegent is high net worth individuals with 49 clients and $157.18 million of assets under management. Among the 6 most similar advisory firms, Stegent Equity Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $167.51 million for 85 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.

Stegent Equity Advisors doesn't advise any private funds.

Careers at Stegent Equity Advisors Inc.

The company employs 3 people that are either part- or full-time employees. 100 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
Loyd James Stegent	President/chief compliance officer	1 Oct 1995	75% - 100%	2716652

Based in Houston

The principal office where Stegent Equity Advisors Inc. performs its advisory services is located at 24 Greenway Plaza, Houston, TX 77046, 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 713-840-9300 X104 or by fax 713-840-0012. The normal business hours are 9:00 am to 6:00pm on Monday - Friday. You can find more information about the New York firm at stegentequity.com and its LinkedIn profile.