Linscomb & Williams Inc (Houston)

Name: Linscomb & Williams Inc
Address: 1400 Post Oak Blvd, Houston, TX, 77056
Telephone: 713-840-1000

Linscomb & Williams Inc is a large advisory firm based in Houston. It manages $2.81 billion of regulatory assets for 1,622 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Colorado, and 10 other states.

Linscomb & Williams provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Linscomb & Williams: assets under management

The assets under management (AUM) of Linscomb & Williams Inc is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 220% since the beginning of its operation, and $492.28 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $2.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.73 million each.

Linscomb & Williams has custody of $2.81 billion in cash and securities for 1,600 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 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Linscomb & Williams Inc for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul B Murphy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul B Murphy is high net worth individuals with 506 clients and $1.87 billion of assets under management. Among the 12 most similar advisory firms, Linscomb & Williams has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.81 billion for 1,622 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.

Linscomb & Williams doesn't advise any private funds.

Careers at Linscomb & Williams Inc

The company employs 48 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Paul B Murphy has been acting as President since 1 Aug 2012. Wendel Emerson Skolaski joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel John Linscomb	President	1 Dec 1976	Other	1075291
George Franklin Williams	Vice president	1 Dec 1976	Other	733129
Joseph Harold Williams	Treasurer	1 Dec 1976	Other	860333
George Walter Christopherson	Secretary	1 Sep 1982	Other	1046087
Mark Alan Kaufman	Vice president	1 Jan 1987	Other	1480303
Heidi Leuppi Davis	Sr. vice president	1 Aug 1992	Other	1700988
Carolyn Ann Galfione	Chief financial officer	1 May 1996	Other	4360847
Encore Bank	Parent company	1 Aug 2005	75% - 100%	75-0308397
James Samuel Jr Dagostino	Chrmn & ceo	1 Sep 2005	Other	1852699
L. Anderson Creel	Exec vp, cfo, & treasurer	1 Sep 2005	Other	5030216
Robert D. Mrlik	Exec vp	1 Sep 2005	Other	5030220
Rhonda L. Carroll	Sr vp & ass't secretary	1 Sep 2005	Other	5030223
James Charles Aulbach	Chief compliance officer	1 Jul 2009	Other	2515720
Andrew Austin Page	Vice president & asst treasurer	1 Jul 2009	Other	2813050
Joseph Harold Williams	President & ceo	1 Jan 2010	Other	860333
Joseph Harold Williams	President & ceo	1 Mar 2011	Other	860333
George Walter Christopherson	Executive vice president	1 Mar 2011	Other	1046087
Heidi Leuppi Davis	Senior vice president	1 Mar 2011	Other	1700988
Rhonda L. Carroll	Sr vp & secretary	1 Mar 2011	Other	5030223
James Allen Atkinson	Senior vice president	1 Mar 2011	Other	2339222
Jonathon Durst Mcadams	Senior vice president	1 Mar 2011	Other	4774862
Patrick Timothy Oakes	Executive vice president and chief financial officer	1 Dec 2011	Other	2253286
N.A. Cadence Bank	Parent company	1 Jul 2012	75% - 100%	64-0156695
Paul B Murphy	Chairman	1 Aug 2012	Other	4469077
Rudolph Henry Holmes	Director	1 Aug 2012	Other	4782320
Mark Alan Wesson	Director	1 Aug 2012	Other	2870801
Jeffrey Lee Sarff	Senior vice president & cfo	1 Apr 2013	Other	2336413
Phillip Paul Hamman	Executive vice president & director of wealth management	1 Apr 2013	Other	5977025
Kyi Kyi Win	Executive vice president & coo	1 Apr 2013	Other	4047381
Ryan Lenn Patterson	Executive vice president & chief investment officer	1 Feb 2014	Other	5111777
Lynnette Diane Okwuonu	Executive vice president & cfo/controller	1 Mar 2015	Other	3003055
Wendel Emerson Skolaski	Director	1 Dec 2015	Other	4164693

Based in Houston

The principal office where Linscomb & Williams Inc performs its advisory services is located at 1400 Post Oak Blvd, Houston, TX 77056, which is also the mailing address of the firm. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-840-1000 or by fax 713-840-7802. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at linscomb-williams.com.