Pin Oak Investment Advisors Inc is a large advisory firm based in Houston. It manages $400.42 million of regulatory assets for 665 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Louisiana, New Jersey, and Texas.
Pin Oak Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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 Pin Oak Investment Advisors Inc is $400.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 166% 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 Pin Oak Investment Advisors Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of John Platt is high net worth individuals with 124 clients and $236.81 million of assets under management. Among the 7 most similar advisory firms, Pin Oak Investment Advisors has the lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $399.69 million for 241 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.
Pin Oak Investment Advisors also advises several private funds. Namely, one hedge fund, five real estate funds, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $200,000.
The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 don’t receive compensation from other entities for client referrals.
John Platt has been acting as President since 1 Oct 1989. James Barrett Rouse joined the executive team most recently as the President Cco.
The principal office where Pin Oak Investment Advisors Inc performs its advisory services is located at 510 Bering Drive, Houston, TX 77057, 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 713-871-8300 or by fax 713-871-8307. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pinoak.com.