Harrell Investment Partners, LLC (Austin)

Name: Harrell Investment Partners, LLC
Address: 3814 Medical Parkway, Austin, TX, 78756
Telephone: 512-759-8000

Harrell Investment Partners, LLC is a large advisory firm based in Austin. It manages $336.31 million of regulatory assets for 760 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois and Texas.

Harrell Investment Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harrell Investment Partners: assets under management

The assets under management (AUM) of Harrell Investment Partners, LLC is $336.31 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $326.95 million in discretionary accounts and $9.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $436.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $850.32 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is government bonds, which make up 16% of the firm’s portfolio. Investments in investment grade corporate bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harrell Investment Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harrell Investment Partners serves?

The firm provides services to individuals, insurance companies, and high net worth individuals. The largest group of clients of Harrell Investment Partners is high net worth individuals with 49 clients and $302.53 million of assets under management. Among the 11 most similar advisory firms, Harrell Investment Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $336.31 million for 130 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.

Harrell Investment Partners doesn't advise any private funds.

Careers at Harrell Investment Partners, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Robert King Harrell	Elected manager	1 Oct 2018	75% - 100%	2282318
Brooke Williams	Chief compliance officer	1 Oct 2018	Other	5201056

Based in Austin

The principal office where Harrell Investment Partners, LLC performs its advisory services is located at 3814 Medical Parkway, Austin, TX 78756, 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 512-759-8000 or by fax 512-759-8100. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at harrellpartners.com.