Linscomb & Williams Inc is a large advisory firm based in Houston. It manages $2.81 billion of regulatory assets for 1,622 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Colorado, and 10 other states.
Linscomb & Williams provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Linscomb & Williams Inc is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 220% since the beginning of its operation, and $492.28 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Linscomb & Williams Inc for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul B Murphy is high net worth individuals with 506 clients and $1.87 billion of assets under management. Among the 12 most similar advisory firms, Linscomb & Williams has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.81 billion for 1,622 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Linscomb & Williams doesn't advise any private funds.
The company employs 48 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Paul B Murphy has been acting as President since 1 Aug 2012. Wendel Emerson Skolaski joined the executive team most recently as the Director.
The principal office where Linscomb & Williams Inc performs its advisory services is located at 1400 Post Oak Blvd, Houston, TX 77056, which is also the mailing address of the firm. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 713-840-1000 or by fax 713-840-7802. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at linscomb-williams.com.