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.
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 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. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.