Scott & Selber, Inc. Capital Management (Houston)

Scott & Selber, Inc. Capital Management is a large advisory firm based in Houston. It manages $386.47 million of regulatory assets for 308 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Louisiana and Texas.

Scott & Selber, Inc. Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Scott & Selber, Inc. Capital Management: assets under management

The assets under management (AUM) of Scott & Selber, Inc. Capital Management is $386.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $386.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Scott & Selber, Inc. Capital Management 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 Jack Ira Selber serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jack Ira Selber is high net worth individuals with 172 clients and $224.49 million of assets under management. Among the 11 most similar advisory firms, Scott & Selber, Inc. Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $386.47 million for 308 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.

Scott & Selber, Inc. Capital Management doesn't advise any private funds.

Careers at Scott & Selber, Inc. Capital Management

The company employs 2 people that are either part- or full-time employees. 100 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.

Jack Ira Selber has been acting as President since 1 Oct 1986. Christopher Tobin Mcmillin joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jack Ira Selber	President/secretary/treasurer/chief compliance officer	1 Oct 1986	75% - 100%	715788
Curtis Leroy Scott	Vice-president	1 Oct 1986	Other	712964
Christopher T. Mcmillin	Secretary	1 Jan 2004	Other	4661087
Christopher Tobin Mcmillin	Vice president	1 Dec 2010	Other	4661087

Based in Houston

The principal office where Scott & Selber, Inc. Capital Management performs its advisory services is located at 800 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 713-850-1717 or by fax 713-850-1739. The normal business hours are 8:30am-5:00pm on Monday - Friday.