Putterman, Dean Eliot (Houston)


Putterman, Dean Eliot is a large advisory firm based in Houston. It manages $374.3 million of regulatory assets for 55 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Texas.

Putterman, Dean Eliot provides portfolio management for individuals and small businesses 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.

Putterman, Dean Eliot: assets under management

The assets under management (AUM) of Putterman, Dean Eliot is $374.3 million. The firm's AUM has grown by 925% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135.4 million in discretionary accounts and $238.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.6 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $79.63 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Putterman, Dean Eliot 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 Putterman, Dean Eliot serves?

The only and largest group of clients of Putterman, Dean Eliot is high net worth individuals with 52 clients and $374.3 million of assets under management. Among the 11 most similar advisory firms, Putterman, Dean Eliot has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $374.3 million for 52 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.

Putterman, Dean Eliot doesn't advise any private funds.

Careers at Putterman, Dean Eliot

The company employs 2 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Dean Eliot Putterman Sole proprietor; chief compliance officer 1 Aug 1995 75% - 100% 1648264

Based in Houston

The principal office where Putterman, Dean Eliot performs its advisory services is located at 99 Detering, Suite 140, Houston, TX 77007 The mailing address of the firm is P.O. Box 272964, Houston, TX 77277 2964. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-525-1520 or by fax 713-864-7044. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at crimsonmanagement.com.