The Mitchell Group, Inc. (Houston)

Name: The Mitchell Group, Inc.
Address: 712 Main Street, Houston, TX, 77002
Telephone: 713-759-2070

The Mitchell Group, Inc. is a large advisory firm based in Houston. It manages $168.15 million of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Texas.

The Mitchell Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and investment recommendations to non-discretionary clients. 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 Mitchell Group: assets under management

The assets under management (AUM) of The Mitchell Group, Inc. is $168.15 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -62% since the beginning of its operation, and $6.22 million of the total AUM is attributable to clients outside of the United States.

The firm manages $168.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.36 million each.

The Mitchell Group has custody of $5.25 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Mitchell Group, Inc. for their services and products based on a percentage of assets under management. 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 Rodney Bruce Mitchell serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Rodney Bruce Mitchell is high net worth individuals with 35 clients and $54.26 million of assets under management. Among the 9 most similar advisory firms, The Mitchell Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.36 million for 43 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

The Mitchell Group also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at The Mitchell Group, Inc.

The company employs 5 people that are either part- or full-time employees. 20 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Rodney Bruce Mitchell has been acting as President since 1 Apr 1989. Douglas Mabry Hohertz has served as the Chief Investment Officer since 1 Dec 2010. Leslie Clay Mitchell Trust joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rodney Bruce Mitchell	Director	1 Apr 1989	Other	4351879
Ernest Henry Groppe	Chairholder	1 Apr 1989	Other	4351938
Charles Wayne Nance	Senior vice president	1 Jul 1989	Other	4351950
Terry Wallace Jolly	Vice president - operations	1 Aug 1989	Other	4351956
Terry Wallace Jolly	Chief compliance officer/vice president/director	1 Apr 1990	Other	4351956
Deborah Ann Stephens	Office manager	1 May 1993	Other	4351969
Doug Hohertz	Vice president	1 Mar 1997	Other	2991897
Douglas Mabry Hohertz	Vice president	1 Mar 1997	Other	2991897
Ernest Henry Groppe	Director	1 Jul 2003	Other	4351938
William Campbell Nixon	Vice president	1 Sep 2006	Other	6315693
Deborah Ann Stephens	Corporate secretary/vice president	1 Nov 2006	Other	4351969
Douglas Mabry Hohertz	Chief investment officer/ vice president/director	1 Dec 2010	Other	2991897
Bradley Walker Mitchell	President/director	1 Sep 2013	50% - 75%	2640065
Leslie Clay Mitchell Trust	Shareholder	1 Dec 2013	Other	46-7242559
Dana Larkin Mitchell Trust	Shareholder	1 Dec 2013	Other	46-7243815
Bradley Walker Mitchell Trust	Shareholder	1 Dec 2013	Other	46-7233319
Angus Parker Mitchell Trust	Shareholder	1 Dec 2013	Other	46-7234750
Calum Wesley Mitchell Trust	Shareholder	1 Dec 2013	Other	46-7238252

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bradley Walker Mitchell	Trustee	1 Dec 2013	50% - 75%	2640065

Based in Houston

The principal office where The Mitchell Group, Inc. performs its advisory services is located at 712 Main Street, Houston, TX 77002, 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 713-759-2070 or by fax 713-759-2079. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at tmgenergy.com.