Usca Ria LLC (Houston)

Name: Usca Ria LLC
Address: 4444 Westheimer, Houston, TX, 77027
Telephone: 713-366-0500

Usca Ria LLC is a large advisory firm based in Houston. It manages $2.96 billion of regulatory assets for 5,594 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 44 other states.

Usca Ria provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Usca Ria: assets under management

The assets under management (AUM) of Usca Ria LLC is $2.96 billion. The firm's AUM has grown by 1451% since the beginning of its operation, and $5.4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.75 billion in discretionary accounts and $1.21 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $548.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $504.44 thousand.

Usca Ria has custody of $586.19 million in cash and securities for 297 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Usca Ria 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 Usca Ria serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Usca Ria is high net worth individuals with 1,426 clients and $1.71 billion of assets under management. Among the 9 most similar advisory firms, Usca Ria has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.96 billion for 5,594 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.

Usca Ria doesn't advise any private funds.

Careers at Usca Ria LLC

The company employs 73 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 73 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
Us Capital Advisors Llc	Owner	1 Oct 2009	75% - 100%	27-1135667
Patrick Michael Mendenhall	Managing member/chief compliance officer	1 Oct 2009	Other	1068809
U.S. Capital Advisors Llc	Owner	1 Oct 2009	75% - 100%	27-1135667
U.S. Capital Advisors Llc	Owner	1 Jul 2010	75% - 100%	27-1135667
Patrick Michael Mendenhall	Managing partner	1 Jul 2010	Other	1068809
Nichole Christine Ake	Chief compliance officer	1 Jul 2010	Other	2270871
Therese Surprenant	General counsel	1 Jul 2010	Other	5908044
Therese Suprenant	General counsel	1 Jul 2010	Other	5908044
Therese Surprenant	General counsel	1 Dec 2010	Other	5908044
David Michael King	Managing partner	1 Jan 2011	Other	2446459
Christopher S Bradshaw	Chief financial officer	1 Feb 2011	Other	3043064
Jack Brandon Repa	Chief compliance officer	1 Sep 2011	Other	2558740
Ivana M Shumberg	Chief financial officer	1 Jan 2013	Other	3167225
Steve Howell Gott	Chief compliance officer	1 Jan 2014	Other	1653406
Suzanne Nmn Hickey	Chief compliance officer	1 Feb 2014	Other	1399210
Steve Howell Gott	Chief compliance officer	1 Mar 2015	Other	1653406
Christopher Robert Arnold	Chief financial officer	1 Dec 2017	Other	5908774
Elizabeth Courtney Bowling	Chief compliance officer	1 May 2019	Other	6335464

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Glenn Todd Starkman	Managing member	1 Oct 2009	50% - 75%	1301730

Based in Houston

The principal office where Usca Ria LLC performs its advisory services is located at 4444 Westheimer, Houston, TX 77027, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-366-0500. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at uscallc.com and its LinkedIn profile.