Hourglass Capital, LLC is a large advisory firm based in Houston. It manages $437.99 million of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.
Hourglass Capital provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hourglass Capital, LLC is $437.99 million. The firm's AUM has grown by 71% since the beginning of its operation, and $122.53 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hourglass Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Hourglass Capital is high net worth individuals with 68 clients and $306.8 million of assets under management. Among the 7 most similar advisory firms, Hourglass Capital has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $318.82 million for 97 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.
Hourglass Capital doesn't advise any private funds.
The company employs 6 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.
The principal office where Hourglass Capital, LLC performs its advisory services is located at 4409 Montrose Blvd, Houston, TX 77006, 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 713-936-0440 or by fax 713-936-0441. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hourglasscapital.com.