Howard M. Borris & Company, Inc. (Beverly Hills)

Name: Howard M. Borris & Company, Inc.
Address: 8530 Wilshire Blvd Ste 200, Beverly Hills, CA, 90211 3113
Telephone: 310-358-1800

Howard M. Borris & Company, Inc. is an adviser based in Beverly Hills. It manages $44.07 million of regulatory assets for 82 client accounts. It has been registered with the SEC as an adviser since 2017.

Howard M. Borris & Company provides portfolio management for individuals and small businesses, selection of other advisers, and business and family wealth management services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Howard M. Borris & Company: assets under management

The assets under management (AUM) of Howard M. Borris & Company, Inc. is $44.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $44.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $537.4 thousand each.

Howard M. Borris & Company has custody of $12.31 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Howard M. Borris & Company, Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Clark Nii serves?

The only and largest group of clients of Robert Clark Nii is high net worth individuals with 17 clients and $44.07 million of assets under management. Among the 2 most similar advisory firms, Howard M. Borris & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $44.07 million for 17 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.

Howard M. Borris & Company doesn't advise any private funds.

Careers at Howard M. Borris & Company, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Robert Clark Nii	President/chief compliance officer	1 Jan 2014	75% - 100%	5284844

Based in Beverly Hills

The principal office where Howard M. Borris & Company, Inc. performs its advisory services is located at 8530 Wilshire Blvd Ste 200, Beverly Hills, CA 90211 3113, 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 310-358-1800 or by fax 310-358-1813. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at bnvco.com.