Harris Associates LP (Chicago)

Name: Harris Associates LP
Address: 111 S. Wacker Drive, Chicago, IL, 60606
Telephone: 312-646-3600

Harris Associates LP is a large advisory firm based in Chicago. It manages $107.37 billion of regulatory assets for 2,225 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Harris Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Harris Associates: assets under management

The assets under management (AUM) of Harris Associates LP is $107.37 billion. The firm's AUM has grown by 743% since the beginning of its operation, and $17.19 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $107.35 billion in discretionary accounts and $26.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $50.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $286.83 thousand.

Harris Associates has custody of $3.86 billion in cash and securities for 1,106 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in derivatives form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harris Associates LP 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 Harris Associates serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Harris Associates is investment companies with 22 clients and $75.02 billion of assets under management. Among the 9 most similar advisory firms, Harris Associates has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $106.12 billion for 2,220 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Harris Associates also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Harris Associates LP

The company employs 201 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marian Margaret Head	Chief compliance officer	1 Nov 1994	Other	1477955
Harris Associates Inc.	General partner	1 Sep 1995	Other	04-3276549
Inc. Harris Associates	General partner	1 Sep 1995	Other	04-3276549
Llc Natixis Global Asset Management Holdings	Corp gp, shareholder	1 Oct 1995	Other	04-3241308
L.P. Natixis Global Asset Management	Limited partner of the applicant	1 Oct 1995	75% - 100%	04-3398261
Llc Natixis Investment Managers Holdings	Corp gp, shareholder	1 Oct 1995	Other	04-3241308
L.P. Natixis Investment Managers	Limited partner of the registrant	1 Oct 1995	75% - 100%	04-3398261
Inc. Cdc Ixis Asset Management Services	Corp gp, shareholder	1 Oct 1995	Other	04-3241308
L.P. Cdc Ixis Asset Management North America	Limited partner	1 Oct 1995	75% - 100%	04-3398261
David Gregory Herro	Director of general partner	1 Oct 1995	Other	2394997
Robert Musser Levy	President, ceo	1 Oct 1995	Other	1390920
Roxanne Mary Martino	Vice president	1 Oct 1995	Other	1604286
William Carl Nygren	Director of general partner	1 Oct 1995	Other	1088592
Peter Stuart Voss	Director of general partner	1 Oct 1995	Other	2322527
Ixis Asset Management Holdings Llc	Corp gp, shareholder	1 Oct 1995	Other	04-3241308
L.P. Ixis Asset Management North America	Limited partner of the applicant	1 Oct 1995	75% - 100%	04-3398261
L.P. Ixis Asset Management Us Group	Limited partner of the applicant	1 Oct 1995	75% - 100%	04-3398261
Natixis Global Asset Management Holdings Llc	Corp gp, shareholder	1 Oct 1995	Other	04-3241308
Kristi Lineburg Rowsell	Secretary, treasurer, chief financial officer	1 Oct 1999	Other	2298543
Floyd Joseph Bellman	Vice president	1 Oct 1999	Other	2610481
Anita Marie Nagler	Chief operating officer, general counsel	1 Jan 2000	Other	2503631
G Neal Ryland	Director of general partner	1 May 2000	Other	2544937
David Gregory Herro	Vice president	1 Feb 2001	Other	2394997
Roxanne Mary Martino	Vice president	1 Feb 2001	Other	1604286
Anita Marie Nagler	Managing director of alternative & international investing group, director of gp	1 Feb 2001	Other	2503631
Janet Lee Reali	Vice president, general counsel & secretary	1 Mar 2001	Other	2164750
Janet Lee Reali	Vice president, general counsel & secretary	1 Apr 2001	Other	2164750
John R Raitt	Chief operating officer & director of gp	1 Sep 2001	Other	3062383
Robert Musser Levy	Chairman, chief investment officer, u.s. equity & director of gp	1 Jan 2003	Other	1390920
John R Raitt	President, ceo & director of gp	1 Jan 2003	Other	3062383
Henry R. Berghoef	Vice president	1 Jan 2003	Other	4340668
David Gregory Herro	Vice president, director of gp	1 Jun 2003	Other	2394997
Roxanne Mary Martino	Vice president, alternative investments	1 Jun 2003	Other	1604286
Anita Marie Nagler	Managing director, alternative investments, director of gp	1 Jun 2003	Other	2503631
Robert A. Taylor	Vice president and director of international research	1 Apr 2005	Other	4345091
Janet Lee Reali	Chief compliance officer, vice president, general counsel & secretary	1 Apr 2005	Other	2164750
Colin Patrick Mcfarland	Chief compliance officer	1 Jun 2005	Other	1399488
Clyde Smith Mcgregor	Vice president	1 Oct 2006	Other	1649203
William Carl Nygren	Vice president	1 Oct 2006	Other	1088592
Chad Michael Clark	Vice president	1 Oct 2006	Other	2515161
Michael Joseph Mangan	Vice president	1 Oct 2006	Other	1902866
Michael Joseph Neary	Vice president and managing director, marketing and client relations	1 Oct 2006	Other	2297332
Pierre Servant	Director of general partner	1 Mar 2007	Other	4409627
Jeremiah Harrison Chafkin	Director of general partner	1 Apr 2007	Other	4029494
John Nicholas Desmond	Chief operating officer	1 Jun 2007	Other	1728262
John Thomas Hailer	Director of general partner	1 Oct 2007	Other	1635883
Kristi Lineburg Rowsell	President & director of gp	1 May 2010	Other	2298543
Janet Lee Reali	Vice president, general counsel, secretary & director of gp	1 May 2010	Other	2164750
John R Raitt	Vice president	1 May 2010	Other	3062383
Thomas E. Herman	Chief financial officer and treasurer	1 Sep 2010	Other	4915058
Edward Straus Loeb	Vice president	1 Nov 2011	Other	1389692
Thomas W Murray	Vice president and director of u.s. research	1 Nov 2012	Other	3219802
Randall Thomas Zipfel	Chief operating officer	1 Nov 2013	Other	4347872
David Gregory Herro	Deputy chairman, chief investment officer, international equity, director of gp	1 Jan 2015	Other	2394997
Anthony Paul Coniaris	Co-chief executive officer and director of general partner	1 Jan 2015	Other	3068817
Kevin Gordon Grant	Co-chief executive officer and director of general partner	1 Jan 2015	Other	2191184
Michael L Manelli	Vice president	1 Jan 2015	Other	4214247
Christopher Wolfgang Keller	Chief operating officer	1 May 2015	Other	2865184
Justin David Hance	Vice president and director of international research	1 Jan 2016	Other	6607693
Heidi Walter Hardin	Vice president, general counsel & secretary	1 Jan 2016	Other	2619251
Hance David Justin	Vice president and director of international research	1 Jan 2016	Other	6607693
Evelyn Maria Ferro	Interim chief financial officer	1 Feb 2016	Other	5460529
Zachary David Weber	Chief financial officer and treasurer	1 Nov 2016	Other	5483343
Michael Colin Hudson	Vice president	1 Nov 2016	Other	4007989
Jason Edwin Long	Vice president	1 Nov 2016	Other	5743692
David Lawrence Giunta	Director of general partner	1 May 2017	Other	2290469
Jean Raby	Director of general partner	1 May 2017	Other	3012405
Beverly Mills Bearden	Director of general partner	1 Sep 2017	Other	4473184
Rana Jewel Wright	Vice president, general counsel and secretary	1 Feb 2018	Other	6357277
Eric Si Yuan Liu	Vice president	1 Jan 2019	Other	4569669

Indirect Owners

The SEC currently registers 53 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cdc Ixis Asset Management Holdings	Shareholder	1 Oct 1995	75% - 100%	04-3241308
Llc Cdc Ixis Asset Management Holdings	Shareholder	1 Oct 1995	75% - 100%	04-3241308
Llc Ixis Asset Management Holdings	Shareholder	1 Oct 1995	75% - 100%	04-3241308
Inc. Natixis U.S. Holdings	Limited partner	1 Oct 2000	75% - 100%	13-4146043
Llc Natixis Global Asset Management	General partner	1 Oct 2000	Other	13-4146162
Llc Natixis Investment Managers	General partner	1 Oct 2000	Other	13-4146162
Caisse Des Depots Et Consignations	Shareholder	1 Oct 2000	75% - 100%	13-3759209
Cnp Assurances	Shareholder	1 Oct 2000	Other	foreign entity
Caisse Nationale Des Caisses D'epargne	Shareholder	1 Oct 2000	Other	foreign entity
Cdc Ixis	Shareholder	1 Oct 2000	50% - 75%	foreign entity
Cdc Ixis Asset Management S.A.	Shareholder	1 Oct 2000	75% - 100%	foreign entity
Cdc Ixis Asset Management Us Corporation	Limited partner, member	1 Oct 2000	75% - 100%	13-4146043
Llc Cdc Ixis Asset Management Us	General partner	1 Oct 2000	Other	13-4146162
Government Of France	Supervisor	1 Oct 2000	75% - 100%	foreign entity
Cdc Ixis (Cdc Finance)	Shareholder	1 Oct 2000	75% - 100%	foreign entity
Cdc Ixis Asset Management	Shareholder	1 Oct 2000	75% - 100%	foreign entity
Cdc Ixis Asset Management U.S. Corporation	Limited partner, member	1 Oct 2000	75% - 100%	13-4146043
Llc Cdc Ixis Asset Management U.S.	General partner	1 Oct 2000	Other	13-4146162
Caisse Des Depots Et Consignations (Cdc)	Shareholder	1 Oct 2000	25% - 50%	13-3759209
Cdc Finance Cdc Ixis	Shareholder	1 Oct 2000	75% - 100%	foreign entity
Cdc Ixis Asset Management Us Llc	General partner	1 Oct 2000	Other	13-4146162
Ixis Asset Management	Shareholder (common stock)	1 Oct 2000	75% - 100%	foreign entity
Ixis Asset Management Us Corporation	Limited partner, member	1 Oct 2000	75% - 100%	13-4146043
Ixis Asset Management Us Llc	General partner	1 Oct 2000	Other	13-4146162
Natixis Global Asset Management Corporation	Limited partner	1 Oct 2000	75% - 100%	13-4146043
Natixis Asset Management Llc	General partner	1 Oct 2000	Other	13-4146162
Natixis Global Asset Management Llc	General partner	1 Oct 2000	Other	13-4146162
Caisse Des Depots Et Consignations	Shareholder	1 Jan 2002	50% - 75%	13-3759209
Caisse Nationale Des Caisses D'epargne (Cnce)	Shareholder	1 Jan 2002	25% - 50%	foreign entity
Eulia	Shareholder	1 Jan 2002	50% - 75%	foreign entity
Caisse Des Depots Et Consignations (Cdc)	Shareholder	1 Jan 2002	25% - 50%	13-3759209
Cdc Holding Finance	Shareholder	1 Jan 2002	25% - 50%	foreign entity
Cdc Finance Cdc Ixis	Shareholder (series a)	1 Oct 2002	75% - 100%	foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce)	Shareholder	1 Oct 2002	75% - 100%	foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce)	Shareholder	1 Jun 2004	75% - 100%	foreign entity
Natixis Global Asset Management	Shareholder	1 Aug 2004	75% - 100%	foreign entity
Natixis Investment Managers	Shareholder	1 Aug 2004	75% - 100%	foreign entity
Ixis Asset Management Group	Shareholder	1 Aug 2004	75% - 100%	foreign entity
Cdc Finance Cdc Ixis	Shareholder	1 Aug 2004	75% - 100%	foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce)	Shareholder	1 Dec 2004	50% - 75%	foreign entity
Natixis Global Asset Management Participations 1	Shareholder	1 Jun 2005	75% - 100%	foreign entity
Natixis Investment Managers Participations 1	Shareholder	1 Jun 2005	75% - 100%	foreign entity
Ixis Asset Management Participations 1	Shareholder (common stock)	1 Jun 2005	75% - 100%	foreign entity
Ixis Asset Management Group	Shareholder (series a preferred stock)	1 Sep 2006	75% - 100%	foreign entity
Natixis Global Asset Management	Shareholder (series a preferred stock)	1 Sep 2006	75% - 100%	foreign entity
Natixis Global Asset Management Participations 1	Shareholder (series a preferred stock)	1 Sep 2006	75% - 100%	foreign entity
Caisse Nationale Des Caisses D'epargne (Cnce)	Shareholder	1 Nov 2006	25% - 50%	foreign entity
Banque Federale Des Banques Populaires	Shareholder	1 Nov 2006	25% - 50%	foreign entity
Natixis	Shareholder	1 Nov 2006	75% - 100%	foreign entity
Nxbp 1	Shareholder	1 Jun 2007	75% - 100%	foreign entity
Natixis Participations 1	Shareholder	1 Jun 2007	75% - 100%	foreign entity
Bpce	Shareholder	1 Jul 2009	50% - 75%	foreign entity
Natixis	Shareholder	1 Sep 2011	75% - 100%	foreign entity

Based in Chicago

The principal office where Harris Associates LP performs its advisory services is located at 111 S. Wacker Drive, Chicago, IL 60606, 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 312-646-3600 or by fax 312-268-5295. The normal business hours are 8:30 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harrisinst.com.