The Robare Group, Ltd. (Houston)

Name: The Robare Group, Ltd.
Address: Two Chasewood, 20405 State Highway 249, Houston, TX, 77070
Telephone: (281) 374-0756

The Robare Group, Ltd. is a large advisory firm based in Houston. It manages $175.51 million of regulatory assets for 622 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Louisiana and Texas.

The Robare Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

The Robare Group: assets under management

The assets under management (AUM) of The Robare Group, Ltd. is $175.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 505% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $175.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $282.17 thousand each.

The Robare Group has custody of $11.23 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in other assets form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Robare Group, Ltd. 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 The Robare Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Robare Group is high net worth individuals with 66 clients and $103.02 million of assets under management. Among the 10 most similar advisory firms, The Robare Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $175.51 million for 302 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.

The Robare Group doesn't advise any private funds.

Careers at The Robare Group, Ltd.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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
Mark Lee Robare	Investment adviser representative, limited partner, chief compliance officer (10/2004)	1 Aug 2000	50% - 75%	1057899
Inc. Robare Asset Management	Managing general partner	1 Aug 2000	Other	76-0651964
Carol Ann Hearn	Investment adviser representative/secretary and treasurer of gp	1 Aug 2000	Other	2918527
Inc Robare Asset Management	General partner	1 Aug 2000	Other	76-0651964

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jack Lewis Jones	Owner	1 Aug 2000	Other	2539111

Based in Houston

The principal office where The Robare Group, Ltd. performs its advisory services is located at Two Chasewood, 20405 State Highway 249, Houston, TX 77070, 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 (281) 374-0756 or by fax (281) 376-4363. The normal business hours are 8:30am - 5:00pm cst on Monday - Friday. You can find more information about the New York firm at robare-jones.com and its LinkedIn profile.