Harris Preston & Partners, LLC (Austin)

Name: Harris Preston & Partners, LLC
Address: 2901 Via Fortuna, Austin, TX, 78746
Telephone: 512-320-4111

Harris Preston & Partners, LLC is a large advisory firm based in Austin. It manages $411.66 million of regulatory assets for 81 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Harris Preston & Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harris Preston & Partners: assets under management

The assets under management (AUM) of Harris Preston & Partners, LLC is $411.66 million. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $341.47 million in discretionary accounts and $70.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $17.55 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Harris Preston & Partners, LLC for their services and products based on a percentage of assets under management. 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 Harris Preston & Partners serves?

The only and largest group of clients of Harris Preston & Partners is pooled investment vehicles with 75 clients and $411.66 million of assets under management. Among the 11 most similar advisory firms, Harris Preston & Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $411.66 million for 75 clients. None of the firm’s clients are foreign persons or businesses.

Harris Preston & Partners also advises several private funds. Namely, seventy nine private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.

Careers at Harris Preston & Partners, LLC

The company employs 13 people that are either part- or full-time employees. 15 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
Shelley Boyd Mcafee	Cfo	1 Jan 2012	Other	4485484
Llc 1125 Partners	Managing member	1 Jan 2012	50% - 75%	1
Llc Hfmaster	Managing member	1 Jan 2012	50% - 75%	2
Melissa Kasper	Cco	1 Feb 2013	Other	6162976

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Harris	Managing member	1 Jan 2012	75% - 100%	6032538
Charles M Preston	Managing member	1 Jan 2012	75% - 100%	6032534

Based in Austin

The principal office where Harris Preston & Partners, LLC performs its advisory services is located at 2901 Via Fortuna, Austin, TX 78746, 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 512-320-4111. The normal business hours are by appointment on Other. You can find more information about the New York firm at harrispreston.com.