Basa Resources, Inc. (Dallas)

Name: Basa Resources, Inc.
Address: 14875 Landmark Boulevard, Dallas, TX, 75254
Telephone: 214-559-4200

Basa Resources, Inc. is a large advisory firm based in Dallas. It manages $97.07 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Texas.

Basa Resources provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Basa Resources: assets under management

The assets under management (AUM) of Basa Resources, Inc. is $97.07 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $48.53 million each.

Basa Resources has custody of $17.07 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Basa Resources, Inc. for their services and products based on a percentage of assets under management 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.

What kind of clients Basa Resources serves?

The only and largest group of clients of Basa Resources is pooled investment vehicles with 2 clients and $97.07 million of assets under management. Among the 8 most similar advisory firms, Basa Resources has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $97.07 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Basa Resources also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $2,000,000 to $5,000,000.

Careers at Basa Resources, Inc.

The company employs 18 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Michael Nelson Foster	President and owner	1 May 1989	50% - 75%	1518989
Lary Dale Knowlton	Executive vice president and owner	1 May 1989	Other	1829878
Nathan Andrew Mcgough	Chief financial officer	1 Apr 2004	Other	6962956
Brady Knowlton 2011 Irrevoable Trust	Owner	1 Feb 2011	Other	27-7102860
Corey Knowlton 2011 Irrevocable Trust	Owner	1 Feb 2011	Other	27-7102889
Zachary Hunter Drake	Chief compliance officer	1 Apr 2013	Other	6962953

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brady Austin Knowlton	Trustee	1 Feb 2011	Other	6962951
Corey Daniel Knowlton	Trustee	1 Feb 2011	Other	6962952

Based in Dallas

The principal office where Basa Resources, Inc. performs its advisory services is located at 14875 Landmark Boulevard, Dallas, TX 75254, 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 214-559-4200 or by fax 214-528-1988. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at basaresources.com/.