Carriage Services Investment Advisors, Inc. (Houston)

Carriage Services Investment Advisors, Inc. is a large advisory firm based in Houston. It manages $176.87 million of regulatory assets for 192 client accounts. It has been registered with the SEC as an adviser since 2012.

Carriage Services Investment Advisors provides portfolio management for pooled investment vehicles and portfolio management for trusts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Carriage Services Investment Advisors: assets under management

The assets under management (AUM) of Carriage Services Investment Advisors, Inc. is $176.87 million. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $173.86 million in discretionary accounts and $3.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $42.97 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Carriage Services Investment Advisors, Inc. 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 Carriage Services Investment Advisors serves?

The only and largest group of clients of Carriage Services Investment Advisors is pooled investment vehicles with 1 clients and $157.56 million of assets under management. Among the 11 most similar advisory firms, Carriage Services Investment Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $157.56 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Carriage Services Investment Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1 for each fund.

Careers at Carriage Services Investment Advisors, Inc.

The company employs 5 people that are either part- or full-time employees. 80 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
Inc. Carriage Services	Sole stockholder	1 Apr 2012	75% - 100%	76-0423828
Melvin C Payne	President, chairman of the board and chief executive officer	1 Apr 2012	Other	6082846
Robert Kirk Prescott	Chief compliance officer	1 Apr 2012	Other	6088648
George J. Klug	Svp of information systems	1 Apr 2012	Other	6085874
L. William Heiligbrodt	Vice chairman, evp and secretary	1 Apr 2012	Other	6085872
Terry E. Sanford	Senior vice president and chief accounting officer	1 Apr 2012	Other	6085873
Carl Benjamin Brink	Director, vice president, treasurer & secretary	1 Jul 2012	Other	6179710
Whitney Fibich	Chief compliance officer	1 Jun 2015	Other	6511164
Neil Verma	Chief compliance officer	1 Mar 2017	Other	2188902
Michael Elliott	Chief compliance officer	1 Jul 2019	Other	7157641

Based in Houston

The principal office where Carriage Services Investment Advisors, Inc. performs its advisory services is located at 3040 Post Oak Blvd., Houston, TX 77056, 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 713-332-8400 or by fax 713-332-5399. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.