Sylvest Advisors, LLC (Dallas)

Name: Sylvest Advisors, LLC
Address: 13355 Noel Road, Dallas, TX, 75240
Telephone: (214) 373-8362

Sylvest Advisors, LLC is a large advisory firm based in Dallas. It manages $129.14 million of regulatory assets for 414 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana and Texas.

Sylvest Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sylvest Advisors: assets under management

The assets under management (AUM) of Sylvest Advisors, LLC is $129.14 million. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.96 million in discretionary accounts and $2.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $318.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $136.58 thousand.

Sylvest Advisors has custody of $4.26 million in cash and securities for 32 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 49% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 21% of the firm’s portfolio. Investments in state and local bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sylvest Advisors, 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 Sylvest Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sylvest Advisors is high net worth individuals with 46 clients and $98.81 million of assets under management. Among the 10 most similar advisory firms, Sylvest Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $129.14 million for 147 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.

Sylvest Advisors doesn't advise any private funds.

Careers at Sylvest Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 compensates 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
Susan Ann Sylvest	Managing member	1 Oct 2012	Other	1315321
Manos Grantor Trust	Member	1 Oct 2012	75% - 100%	27-6079527
Thomas Eugene Murphy	Chief compliance officer	1 Oct 2012	Other	1736708

Based in Dallas

The principal office where Sylvest Advisors, LLC performs its advisory services is located at 13355 Noel Road, Dallas, TX 75240, 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 (214) 373-8362 or by fax (972) 707-0992. The normal business hours are by appointment only on Other. You can find more information about the New York firm at murphysylvest.com.