Mcalister, Sweet & Associates, Inc. (Houston)

Name: Mcalister, Sweet & Associates, Inc.
Address: 7915 Cypress Creek Pkwy, Houston, TX, 77070
Telephone: 281-897-0700

Mcalister, Sweet & Associates, Inc. is a large advisory firm based in Houston. It manages $117.67 million of regulatory assets for 254 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Louisiana and Texas.

Mcalister, Sweet & Associates provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional 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.

Mcalister, Sweet & Associates: assets under management

The assets under management (AUM) of Mcalister, Sweet & Associates, Inc. is $117.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $117.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $463.28 thousand each.

Mcalister, Sweet & Associates has custody of $75.37 million in cash and securities for 75 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 34% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mcalister, Sweet & Associates, 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 Mcalister, Sweet & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mcalister, Sweet & Associates is high net worth individuals with 75 clients and $84.55 million of assets under management. Among the 10 most similar advisory firms, Mcalister, Sweet & Associates has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $117.67 million for 149 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.

Mcalister, Sweet & Associates doesn't advise any private funds.

Careers at Mcalister, Sweet & Associates, Inc.

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
John Richard Bryan Mcalister	President, director, chief compliance officer	1 Oct 2017	50% - 75%	3277255
Michael Wesley Sweet	Secretary, treasurer, director	1 Oct 2017	50% - 75%	4120607

Based in Houston

The principal office where Mcalister, Sweet & Associates, Inc. performs its advisory services is located at 7915 Cypress Creek Pkwy, Houston, TX 77070, 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 281-897-0700. The normal business hours are by apointment on Monday - Friday. You can find more information about the New York firm at msamsa.net/.