Callahan Advisors, LLC (Houston)

Name: Callahan Advisors, LLC
Address: 3555 Timmons Lane, Houston, TX, 77027
Telephone: 713-572-3366

Callahan Advisors, LLC is a large advisory firm based in Houston. It manages $516.9 million of regulatory assets for 997 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arkansas, Illinois, Louisiana, and Texas.

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

Callahan Advisors: assets under management

The assets under management (AUM) of Callahan Advisors, LLC is $516.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 321% since the beginning of its operation, and $565.78 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $516.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $518.45 thousand each.

Callahan Advisors has custody of $46.84 million in cash and securities for 52 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Callahan Advisors is high net worth individuals with 152 clients and $447.33 million of assets under management. Among the 11 most similar advisory firms, Callahan Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $516.9 million for 335 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Callahan Advisors doesn't advise any private funds.

Careers at Callahan Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Thomas Patrick Callahan	Chairman and member	1 Nov 1998	75% - 100%	3187308
Daniel Durden Brennan	Managing director	1 Nov 2008	Other	2162619
Hugh Martin Morrison	Managing director	1 Nov 2008	Other	5647517
Hamendra Prabhulal Ojha	Managing director	1 Feb 2010	Other	5774393
Rachel Theresa Callahan	Managing director and chief compliance officer	1 May 2012	Other	6102884
Rachel Callahan Gummattira	Managing director and chief compliance officer	1 May 2012	Other	6102884
William Keith Booth	Managing director	1 Jul 2012	Other	6102864
Thomas Patrick Callahan	Managing director	1 Dec 2012	Other	6154960

Based in Houston

The principal office where Callahan Advisors, LLC performs its advisory services is located at 3555 Timmons Lane, Houston, TX 77027, 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 713-572-3366 or by fax 713-572-8771. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at callahanadvisors.com.