Center Coast Capital Advisors, LP (Houston)

Center Coast Capital Advisors, LP is a large advisory firm based in Houston. It manages $4.09 billion of regulatory assets for 1,124 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Center Coast Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Center Coast Capital Advisors: assets under management

The assets under management (AUM) of Center Coast Capital Advisors, LP is $4.09 billion. The firm's AUM has grown by 9831% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.03 billion in discretionary accounts and $53.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $346.28 thousand.

Center Coast Capital Advisors has custody of $77.62 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Center Coast Capital Advisors, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Center Coast Capital Advisors, LP

The company employs 12 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 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

Indirect Owners

The SEC currently registers 7 indirect owners.

Based in Houston

The principal office where Center Coast Capital Advisors, LP performs its advisory services is located at 1600 Smith Street, Houston, TX 77002, 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) 759-1400 or by fax (713) 759-1401. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at centercoastcap.com.

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