Stavis & Cohen Financial, LLC (Houston)

Name: Stavis & Cohen Financial, LLC
Address: 1330 Post Oak Blvd., Houston, TX, 77056
Telephone: 713-275-7750

Stavis & Cohen Financial, LLC is a large advisory firm based in Houston. It manages $540.81 million of regulatory assets for 941 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Colorado, Louisiana, and 3 other states.

Stavis & Cohen Financial provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stavis & Cohen Financial: assets under management

The assets under management (AUM) of Stavis & Cohen Financial, LLC is $540.81 million. The firm's AUM has grown by 6115% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $450.43 million in discretionary accounts and $90.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $645.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $371.94 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stavis & Cohen Financial, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Stavis & Cohen Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stavis & Cohen Financial is high net worth individuals with 100 clients and $493.98 million of assets under management. Among the 12 most similar advisory firms, Stavis & Cohen Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $540.81 million for 252 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.

Stavis & Cohen Financial doesn't advise any private funds.

Careers at Stavis & Cohen Financial, LLC

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 10 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

H. Edward Cohen has served as the Chief Investment Officer since 1 Aug 2009. Carmen Edna Velez joined the executive team most recently as the Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kayla Alexandra Tolunay	Associate advisor	1 Jul 2009	Other	5706171
Kayla Alexandra Knight	Planning associate	1 Jul 2009	Other	5706171
Deborah Mccully Stavis	Managing member	1 Aug 2009	50% - 75%	1109504
Harry Edward Cohen	Chief investment officer & chief compliance officer	1 Aug 2009	Other	1027893
Diana Dale Murphy Belger	Director of investment operations	1 Aug 2009	Other	4958211
H. Edward Cohen	Chief investment officer	1 Aug 2009	Other	1027893
Diana Murphy Belger	Chief compliance officer	1 Aug 2009	Other	4958211
Kristin Elizabeth Armstrong	Director of operations	1 Aug 2009	Other	4948276
Kristin Elizabeth Urbano	Director of operations	1 Aug 2009	Other	4948276
Courtney Marie Sapio	Investment specialist	1 Dec 2009	Other	5463564
Duane Michael Hirsch	Director of client services	1 Feb 2010	Other	2113314
Allison Anne Lyons	Advisor	1 Feb 2010	Other	4625430
Shelli Pakebusch Bouillion	Planning associate	1 Feb 2010	Other	2128644
Jun Gu	Investment analyst	1 Sep 2010	Other	5853384
Mallory Brooke Blanton	Client service associate	1 Sep 2011	Other	5988313
Mallory Brooke Berryman	Front office coordinator	1 Sep 2011	Other	5988313
Carmen Edna Velez	Director of operations	1 Jan 2014	Other	6032321

Based in Houston

The principal office where Stavis & Cohen Financial, LLC performs its advisory services is located at 1330 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 713-275-7750 or by fax 713-275-7770. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at stavisandcohen.com.