Clear Rock Advisors, LLC (Austin)

Name: Clear Rock Advisors, LLC
Address: 9020 N. Capital Of Texas Highway, Austin, TX, 78759
Telephone: 512.735.0222

Clear Rock Advisors, LLC is a large advisory firm based in Austin. It manages $233.18 million of regulatory assets for 172 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

Clear Rock Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clear Rock Advisors: assets under management

The assets under management (AUM) of Clear Rock Advisors, LLC is $233.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $233.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.36 million each.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is state and local bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Clear Rock Advisors is high net worth individuals with 43 clients and $193.69 million of assets under management. Among the 11 most similar advisory firms, Clear Rock Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $233.18 million for 172 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.

Clear Rock Advisors doesn't advise any private funds.

Careers at Clear Rock Advisors, 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Tennyson Sanders	Member and chief compliance officer	1 Dec 2015	25% - 50%	3235351
Charles Ferrell Hall	Member	1 Dec 2015	25% - 50%	5217295
Royce Wesley Medlin	Member and chief investment officer	1 Mar 2016	25% - 50%	4512862

Based in Austin

The principal office where Clear Rock Advisors, LLC performs its advisory services is located at 9020 N. Capital Of Texas Highway, Austin, TX 78759, 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 512.735.0222. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at clearrockadvisors.com.