Howard Financial Services, Ltd. (Dallas)

Name: Howard Financial Services, Ltd.
Address: 8350 Meadow Road, Dallas, TX, 75231
Telephone: 214-346-0785

Howard Financial Services, Ltd. is a large advisory firm based in Dallas. It manages $624.62 million of regulatory assets for 1,585 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Florida, Louisiana, and Texas.

Howard Financial Services 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Howard Financial Services: assets under management

The assets under management (AUM) of Howard Financial Services, Ltd. is $624.62 million. The firm's AUM has grown by 172% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $624.07 million in discretionary accounts and $542.69 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $396.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49.34 thousand.

Howard Financial Services has custody of $1.79 million in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Howard Financial Services, Ltd. for their services and products based on a percentage of assets under management, hourly charges, 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 Theresa Marie Stuteville serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Theresa Marie Stuteville is high net worth individuals with 226 clients and $417.88 million of assets under management. Among the 10 most similar advisory firms, Howard Financial Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $624.62 million for 437 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 Financial Services also advises several private funds. Namely, one hedge fund, thirty seven real estate funds, and five other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $500,000.

Careers at Howard Financial Services, Ltd.

The company employs 16 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. 13 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Theresa Marie Stuteville has been acting as President since 1 Jan 1997. Jeffrey Eric Ramsey joined the executive team most recently as the Chief Compliance Officer, Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Theresa Marie Stuteville	Chief compliance officer/president	1 Jan 1997	Other	4362529
John T Howard	Manager	1 Apr 2003	Other	4351289
James N Howard	Limited partner	1 Apr 2004	Other	4362521
John T Howard	Director of investments & managing director	1 Apr 2004	Other	4351289
Inc. Howard Financial	General partner	1 Apr 2004	Other	20-1151710
Amy Parker Trustee The Aeh 1991 Irrevocable Trust	Limited partner	1 Apr 2004	Other	75-6423537
John Howard Trustee The Thomas 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423536
Stephen Howard Trustee The James 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423535
Nancy H. Beene Trustee The Aeh 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423537
Nancy H. Beene Trustee The Thomas 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423536
Nancy H. Beene Trustee The James 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423535
Nancy H. Beene Co Trustee The Aeh 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423537
Nancy H. Beene Co Trustee The Thomas 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423536
Nancy H. Beene Co Trustee The James 1991 Irrevocable Trust	Limited partner	1 Apr 2004	25% - 50%	75-6423535
Ross Christopher Morgan	Financial planning consultant	1 May 2004	Other	4443183
Daniel Strodel	Managing director	1 Jan 2009	Other	3070152
Stephen James Howard	Assistant director of investments	1 Oct 2011	Other	5000726
Briton Michael Chamberlain	Chief compliance officer / director of operations	1 Aug 2013	Other	4815403
Llc Hunting Oak Investments	Limited partner	1 Dec 2013	Other	37-1745844
Jeffrey Eric Ramsey	Chief compliance officer, chief operating officer	1 Jul 2017	Other	4322555

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James N. Howard	Owner/director	1 Apr 2004	75% - 100%	20-1151710
Stephen J Howard	Trustee	1 Apr 2004	25% - 50%	75-6423535
Stephen James Howard	Trustee	1 Apr 2004	75% - 100%	5000726
Amy Howard Parker	Trustee	1 Apr 2004	75% - 100%	6542299
Nancy H Beene	Trustee	1 Apr 2004	25% - 50%	75-6423537
Nancy H & Parker Amy Howard Beene	Co-trustees	1 Apr 2004	25% - 50%	75-6423537
Nancy H & Howard John T Beene	Co-trustees	1 Apr 2004	25% - 50%	75-6423536
Nancy H & Howard Stephen J Beene	Co-trustees	1 Apr 2004	25% - 50%	75-6423535
The Huntingwick Irrevocable Trust	Member	1 Dec 2013	50% - 75%	46-7156054
The Knoboak Heritage Trust	Member	1 Dec 2013	50% - 75%	46-7156873
Shaun Michael Dowling	Manager	1 Dec 2013	Other	5495420

Based in Dallas

The principal office where Howard Financial Services, Ltd. performs its advisory services is located at 8350 Meadow Road, Dallas, TX 75231, 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 214-346-0785 or by fax 214-346-0794. The normal business hours are 8:ooam-5:00pm on Monday - Friday. You can find more information about the New York firm at hfs-cp.com.