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.
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 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.
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.
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.
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.