Mcmurrey Investment Advisors LLC (Houston)

Mcmurrey Investment Advisors LLC is a large advisory firm based in Houston. It manages $340.1 million of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, California, Colorado, and 16 other states.

Mcmurrey Investment Advisors 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.

Mcmurrey Investment Advisors: assets under management

The assets under management (AUM) of Mcmurrey Investment Advisors LLC is $340.1 million. The firm's AUM has grown by 193% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $281.76 million in discretionary accounts and $58.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.89 million.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is state and local bonds, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mcmurrey Investment Advisors LLC 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 Marvin Horace Mcmurrey serves?

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 Marvin Horace Mcmurrey is high net worth individuals with 97 clients and $248.45 million of assets under management. Among the 9 most similar advisory firms, Mcmurrey Investment Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $340.1 million for 139 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.

Mcmurrey Investment Advisors doesn't advise any private funds.

Careers at Mcmurrey Investment Advisors LLC

The company employs 4 people that are either part- or full-time employees. 50 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.

Marvin Horace Mcmurrey has been acting as President since 1 Nov 1998. Lynne Russell joined the executive team most recently as the Executive Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marvin Horace Mcmurrey	President/sole member	1 Nov 1998	75% - 100%	1224092
Oralia Castillo Ramirez	Chief compliance officer/vp	1 Jul 2007	Other	1263056
Debra Lynn Calderon	Chief compliance officer & vp	1 May 2008	Other	5542203
Oralia Castillo Ramirez	Chief compliance officer & vp	1 Sep 2008	Other	1263056
Lynne Russell	Executive vice president	1 Mar 2010	Other	4070943
Debra Lynn Calderon	Vice president	1 Mar 2010	Other	5542203

Based in Houston

The principal office where Mcmurrey Investment Advisors LLC performs its advisory services is located at 600 Travis Street, Houston, TX 77002 2906, 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 713-238-3100 or by fax 713-238-3150. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday.