Champion Advisors LLC (Houston)

Name: Champion Advisors LLC
Address: 7660 Woodway Drive, Houston, TX, 77063
Telephone: 281.822.0909

Champion Advisors LLC is a large advisory firm based in Houston. It manages $109.76 million of regulatory assets for 119 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Texas.

Champion Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Champion Advisors: assets under management

The assets under management (AUM) of Champion Advisors LLC is $109.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 476% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $922.39 thousand each.

Champion Advisors has custody of $15.85 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Champion Advisors LLC 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 Champion Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Champion Advisors is high net worth individuals with 20 clients and $90.95 million of assets under management. Among the 6 most similar advisory firms, Champion Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $99.24 million for 47 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.

Champion Advisors doesn't advise any private funds.

Careers at Champion Advisors LLC

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

Klinton Ray Olive has served as the Chief Investment Officer since 1 Oct 2013. Thomas Elliott Tucker joined the executive team most recently as the Chief Executive Officer And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Elliott Tucker	Chief executive officer and chief compliance officer	1 Feb 2009	75% - 100%	804327
Klinton Ray Olive	Chief investment officer	1 Oct 2013	Other	5231147

Based in Houston

The principal office where Champion Advisors LLC performs its advisory services is located at 7660 Woodway Drive, Houston, TX 77063, 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 281.822.0909 or by fax 281.822.0910. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at championadv.com.