The Bank Of San Antonio Wealth Advisors, LLC (San Antonio)

Name: The Bank Of San Antonio Wealth Advisors, LLC
Address: 1900 Nw Loop 410, San Antonio, TX, 78213
Telephone: 210-424-8710

The Bank Of San Antonio Wealth Advisors, LLC is a large advisory firm based in San Antonio. It manages $214.82 million of regulatory assets for 274 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

The Bank Of San Antonio Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Bank Of San Antonio Wealth Advisors: assets under management

The assets under management (AUM) of The Bank Of San Antonio Wealth Advisors, LLC is $214.82 million. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $180.35 million in discretionary accounts and $34.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $754.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $984.69 thousand.

The Bank Of San Antonio Wealth Advisors has custody of $214.82 million in cash and securities for 115 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is state and local bonds, which make up 13% 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 The Bank Of San Antonio Wealth Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Mcclain Harris serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Kevin Mcclain Harris is high net worth individuals with 67 clients and $184.51 million of assets under management. Among the 9 most similar advisory firms, The Bank Of San Antonio Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $210.48 million for 118 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.

The Bank Of San Antonio Wealth Advisors also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at The Bank Of San Antonio Wealth Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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.

Kevin Mcclain Harris has been acting as President since 1 Jan 2017. The Bank Of San Antonio joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc San Antonio Capital & Trust Company	Managing member	1 May 2009	75% - 100%	27-0153961
Amy Jean Sondergeld	Chief financial officer	1 Jul 2013	Other	6262246
Charles John Gruber	Chief information officer	1 Jul 2013	Other	6313855
Brent Russell Given	Ceo and director	1 Jul 2013	Other	6313865
Gary Lane Schweers	Chief compliance officer	1 Jul 2013	Other	6240021
Gary Schweers	Chief compliance officer and senior vice president	1 Jul 2013	Other	6240021
Amy Sondergeld	Chief financial officer	1 Jul 2013	Other	6262246
Charles J Gruber	Chief information officer	1 Jul 2013	Other	6313855
Brent Given	Ceo and director	1 Jul 2013	Other	6313865
James Bruce Bugg	Director	1 Jul 2013	Other	2724089
Robert G Ownby	President and director	1 Sep 2013	Other	6262252
Regina Gonzales	Chief compliance officer	1 Sep 2016	Other	2198149
The Bank Of San Antonio	Managing member	1 Dec 2016	75% - 100%	20-8922476
Kevin Mcclain Harris	Chief investment officer/president/chief compliance officer	1 Jan 2017	Other	3129566

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Southwest Bancshares	Shareholder	1 Jul 2013	75% - 100%	20-5266525
The Bank Of San Antonio	Member	1 Jul 2013	75% - 100%	20-8922476

Based in San Antonio

The principal office where The Bank Of San Antonio Wealth Advisors, LLC performs its advisory services is located at 1900 Nw Loop 410, San Antonio, TX 78213, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210-424-8710 or by fax 210-424-8810. 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 thebankofsawealthadvisors.com.