Salient Capital Advisors, LLC (Houston)

Name: Salient Capital Advisors, LLC
Address: 4265 San Felipe St, Houston, TX, 77027
Telephone: 713-993-4675

Salient Capital Advisors, LLC is a large advisory firm based in Houston. It manages $4.05 billion of regulatory assets for 460 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Salient Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Salient Capital Advisors: assets under management

The assets under management (AUM) of Salient Capital Advisors, LLC is $4.05 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 333% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.05 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.8 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Salient Capital Advisors, LLC for their services and products based on a percentage of assets under management and performance-based 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 John Coleman Dawson serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of John Coleman Dawson is state or municipal government entities with 17 clients and $1.13 billion of assets under management. Among the 12 most similar advisory firms, Salient Capital Advisors has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $4.05 billion for 460 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.

Salient Capital Advisors also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Salient Capital Advisors, LLC

The company employs 87 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.

There are 30 people 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.

John Coleman Dawson has been acting as President since 1 May 2010. Lee George Partridge has served as the Chief Investment Officer since 1 Jan 2011 and Arthur Haag Sherman is the Chief Executive Officer of Salient Capital Advisors, LLC family office. William Kane Enszer joined the executive team most recently as the Managing Director, Portfolio Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Coleman Dawson	President	1 May 2010	Other	2099737
Gregory Allen Reid	President and ceo - mlp business	1 May 2010	Other	2176683
Jeremy Lawrence Radcliffe	Chief operating officer	1 Jan 2011	Other	2917897
John Edward Price	Chief financial officer and treasurer	1 Jan 2011	Other	4739769
Paul Axtell Bachtold	Chief compliance officer	1 Jan 2011	Other	2857451
L.P. Salient Partners	Member	1 Jan 2011	75% - 100%	87-0696141
John Arthur Blaisdell	Chairman and chief executive officer	1 Jan 2011	Other	4638025
Lee George Partridge	Chief investment officer	1 Jan 2011	Other	2266175
Arthur Haag Sherman	Chief executive officer	1 Jan 2011	Other	2813406
Andrew Baird Linbeck	Managing director	1 Jan 2011	Other	1762524
Dawna Lynne Daniel	Secretary	1 Nov 2011	Other	5137048
Heinrich Grobler	Chief operating officer - wealth business	1 Feb 2013	Other	5908779
Robert Shigeo Naka	Chief operating officer	1 Jun 2015	Other	1934281
Christopher Robert Arnold	Sr. director of accounting and finance and principal	1 Jan 2016	Other	5908774
Jonathan Wade Depriest	Executive vice president and general counsel	1 Nov 2016	Other	6730905
Matthew Scott Hibbetts	Chief operating officer - mlp business	1 Nov 2016	Other	5908785
William Russell Guinn	Executive vice president - asset management	1 Nov 2016	Other	4901671
David Onthank Linton	Executive vice president - head of distribution	1 Nov 2016	Other	1730351
William Ben Hunt	Chief investment strategist	1 Nov 2016	Other	4864872
Andrew Baird Linbeck	Managing director - trust and advisory	1 Nov 2016	Other	1762524
Kristen Lindsay Bayazitoglu	Chief operating officer - asset management	1 Jul 2017	Other	4780520
Thomas Allen Dusenberry	Director of fund operations	1 Aug 2017	Other	4440510
Amy Hong Lau	Director of fund operations and fund accounting	1 Aug 2017	Other	4952520
Stephen William Leonhardt	Senior vice presdient, fund accounting	1 Aug 2017	Other	1132197
Yan Chen	Manager, fund accounting	1 Aug 2018	Other	6426486
William Kane Enszer	Managing director, portfolio management	1 Sep 2018	Other	5087065

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Salient Capital Management	General partner	1 May 2003	Other	87-0696139
Andrew Baird Linbeck	Elected manager	1 May 2003	Other	1762524
John Arthur Blaisdell	Elected manager	1 May 2003	Other	4638025
Arthur Haag Sherman	Elected manager	1 May 2003	Other	2813406
Christopher John Dean	Elected manager	1 Jan 2010	Other	2644612
Michael Anthony Jones	Elected manager	1 May 2010	Other	4357853
William John Kelly	Elected manager	1 Apr 2011	Other	4361587
Jeremy Lawrence Radcliffe	Elected manager	1 Oct 2011	Other	2917897
John Philip Ferguson	Elected manager	1 May 2012	Other	819892
Gregory Allen Reid	Elected manager	1 Feb 2017	Other	2176683
Jeremy Lawrence Radcliffe	Elected manager	1 Nov 2017	Other	2917897

Based in Houston

The principal office where Salient Capital Advisors, LLC performs its advisory services is located at 4265 San Felipe St, Houston, TX 77027, 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 713-993-4675 or by fax 713-993-4698. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at salientpartners.com.