Hourglass Capital, LLC (Houston)

Name: Hourglass Capital, LLC
Address: 4409 Montrose Blvd, Houston, TX, 77006
Telephone: 713-936-0440

Hourglass Capital, LLC is a large advisory firm based in Houston. It manages $437.99 million of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

Hourglass Capital provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hourglass Capital: assets under management

The assets under management (AUM) of Hourglass Capital, LLC is $437.99 million. The firm's AUM has grown by 71% since the beginning of its operation, and $122.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $406.72 million in discretionary accounts and $31.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $781.85 thousand.

Hourglass Capital has custody of $165.58 million in cash and securities for 53 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hourglass Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Hourglass Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Hourglass Capital is high net worth individuals with 68 clients and $306.8 million of assets under management. Among the 7 most similar advisory firms, Hourglass Capital has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $318.82 million for 97 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Hourglass Capital doesn't advise any private funds.

Careers at Hourglass Capital, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Kenneth Archer Moffet	Member/board of managers	1 Jun 2008	25% - 50%	1508178
John Harris Moffet	Member/board of managers	1 Jun 2008	Other	2259293
Andrew Thomas Anton	Member/board of managers	1 Jun 2008	Other	4702514
Debra Linn Gardner	Member/chief compliance officer	1 Jun 2008	Other	4338012
Jordan Cayce Waldrep	Vice president	1 Jun 2008	Other	4026703
Thomas W Hook	Member	1 Aug 2008	Other	5588212
Crane Hedge Fund Ltd.	Member	1 Aug 2008	Other	26-1140266
Ambrosio Ltd. Co.	Member	1 Sep 2008	Other	98-0592150

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Crane Capital Holdings Ltd	Owner	1 Aug 2008	75% - 100%	77-0698934
James R Crane	Owner	1 Aug 2008	75% - 100%	6043133
S. De R.L. De C.V. Siena Capital	Member	1 Sep 2008	75% - 100%	00-0000000
Consuelo Canales Valdes	Owner	1 Sep 2008	50% - 75%	6044359
Jose Agustin Valdes	Owner	1 Sep 2008	50% - 75%	6044362

Based in Houston

The principal office where Hourglass Capital, LLC performs its advisory services is located at 4409 Montrose Blvd, Houston, TX 77006, 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 713-936-0440 or by fax 713-936-0441. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hourglasscapital.com.