Everett Harris & Co (Los Angeles)

Name: Everett Harris & Co
Address: 888 West 6 Th Street, Los Angeles, CA, 90017
Telephone: 213-625-2677

Everett Harris & Co is a large advisory firm based in Los Angeles. It manages $6.91 billion of regulatory assets for 598 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, New Hampshire, New York, and 4 other states.

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

Everett Harris &: assets under management

The assets under management (AUM) of Everett Harris & Co is $6.91 billion. The firm's AUM has grown by 72% since the beginning of its operation, and $1.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.7 billion in discretionary accounts and $219.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.46 million.

Everett Harris & has custody of $91.16 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is government bonds, which make up 16% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Everett Harris & Co for their services and products based on a percentage of assets under management and fixed fees. 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 David Adair Clark serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of David Adair Clark is high net worth individuals with 585 clients and $6.78 billion of assets under management. Among the 10 most similar advisory firms, Everett Harris & has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6.89 billion for 595 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.

Everett Harris & doesn't advise any private funds.

Careers at Everett Harris & Co

The company employs 22 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 8 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.

David Adair Clark has been acting as President since 1 Jan 2005. Anny Hyun Jung Choe joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Douglas Ward	Cio & cfo	1 Dec 1992	Other	4332957
Oliver Northcote Crary	Chairman & ceo	1 Dec 1992	Other	4332965
Robert W. Speidel	Director of research	1 Apr 2003	Other	4579697
David Adair Clark	President	1 Jan 2005	Other	1122916
Anny Hyun Jung Choe	Chief compliance officer	1 Apr 2011	Other	4727865

Based in Los Angeles

The principal office where Everett Harris & Co performs its advisory services is located at 888 West 6 Th Street, Los Angeles, CA 90017, which is also the mailing address of the firm. An additional office of the firm is in Mission Viejo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 213-625-2677 or by fax 213-625-3143. The normal business hours are 6:30am - 4:00pm on Monday - Friday. You can find more information about the New York firm at everettharris.com.