Mori Huston Partners LLC (Miami)

Name: Mori Huston Partners LLC
Address: 1450 Brickell Avenue, Miami, FL, 33131
Telephone: 305-856-9303

Mori Huston Partners LLC is a large advisory firm based in Miami. It manages $161.84 million of regulatory assets for 58 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Florida.

Mori Huston Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mori Huston Partners: assets under management

The assets under management (AUM) of Mori Huston Partners LLC is $161.84 million. The firm's AUM has grown by 299% since the beginning of its operation, and $149.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $63.95 million in discretionary accounts and $97.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.99 million.

Mori Huston Partners has custody of $8.76 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mori Huston Partners LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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.

What kind of clients Mori Huston Partners serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Mori Huston Partners is high net worth individuals with 19 clients and $149.6 million of assets under management. Among the 5 most similar advisory firms, Mori Huston Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $158.36 million for 21 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 70% of the firm’s clients are foreign persons or businesses.

Mori Huston Partners also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Mori Huston Partners LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Catherine Mori	Member	1 Jul 2009	50% - 75%	2894153
Robert Mori	Managing member	1 Jul 2009	50% - 75%	4773053
Mary Catherine Huston	Managing partner	1 Jul 2009	50% - 75%	2894153
Maria Elena Hernandez	Chief compliance officer	1 Sep 2013	Other	2929757
Leandro Lazzarini Vieira	Partner	1 Apr 2018	Other	5568447

Based in Miami

The principal office where Mori Huston Partners LLC performs its advisory services is located at 1450 Brickell Avenue, Miami, FL 33131, 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 305-856-9303 or by fax 305-726-0000. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at morihuston.com.