Select Asset Management, LLC (Houston)

Name: Select Asset Management, LLC
Address: 4000 Washington, Houston, TX, 77007
Telephone: 713-843-7370

Select Asset Management, LLC is a large advisory firm based in Houston. It manages $52.01 million of regulatory assets for 421 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, Illinois, and Texas.

Select Asset Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Select Asset Management: assets under management

The assets under management (AUM) of Select Asset Management, LLC is $52.01 million. The firm's AUM has grown by 42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $43.91 million in discretionary accounts and $8.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $114.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.89 thousand.

Select Asset Management has custody of $13.32 million in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Select Asset Management, LLC 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.

Careers at Select Asset Management, LLC

John Paul Wilkinson has been acting as President since 1 Sep 2009. Brian Anthony Bjork joined the executive team most recently as the Ceo/Cio/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Anthony Bjork	Ceo/cio/chief compliance officer	1 Feb 2006	Other	2576087
J. David Salinas Family Trust	Shareholder	1 Feb 2006	50% - 75%	20-7517221
Brenda Lee Richardson	Chief operating officer	1 Feb 2006	Other	2421828
Sft Partners Llc	Shareholder	1 Feb 2006	25% - 50%	20-7517221
John Paul Wilkinson	President	1 Sep 2009	Other	2851650

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Grey S. Giovanine	Trustee	1 Jan 2006	Other	5412123

Based in Houston

The principal office where Select Asset Management, LLC performs its advisory services is located at 4000 Washington, Houston, TX 77007, which is also the mailing address of the firm. An additional office of the firm is in Friendswood, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-843-7370 or by fax 713-843-7375. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at www.select-asset.com.