Pin Oak Investment Advisors Inc (Houston)

Name: Pin Oak Investment Advisors Inc
Address: 510 Bering Drive, Houston, TX, 77057
Telephone: 713-871-8300

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.

Pin Oak Investment Advisors: assets under management

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 firm manages $400.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $602.13 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

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. 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 John Platt serves?

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.

Careers at Pin Oak Investment Advisors Inc

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Platt	President	1 Oct 1989	50% - 75%	2187649
James Rouse	Vice president, secretary	1 Oct 1989	50% - 75%	2079302
John F. Platt	Vice president	1 May 2002	25% - 50%	2187649
James Barrett Rouse	President	1 May 2002	50% - 75%	2079302
Douglas Bradley Dunn	Vice president, secretary, treasurer	1 May 2002	Other	2729956
John F. Platt	Chief compliance officer	1 May 2004	Other	2187649
James Barrett Rouse	President cco	1 Jan 2005	75% - 100%	2079302

Based in Houston

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.