Sta Wealth Management, LLC (Houston)

Name: Sta Wealth Management, LLC
Address: 800 Town & Country Blvd, Houston, TX, 77024
Telephone: 281-822-8800

Sta Wealth Management, LLC is a large advisory firm based in Houston. It manages $1.29 billion of regulatory assets for 3,265 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, Colorado, Florida, and 4 other states.

Sta Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and radio talk show "sta money hour". It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sta Wealth Management: assets under management

The assets under management (AUM) of Sta Wealth Management, LLC is $1.29 billion. The firm's AUM has grown by 126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.18 billion in discretionary accounts and $106.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $374.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1 million.

Sta Wealth Management has custody of $14.6 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 29% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sta Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Sta Wealth Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sta Wealth Management is high net worth individuals with 426 clients and $1.02 billion of assets under management. Among the 14 most similar advisory firms, Sta Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.29 billion for 1,211 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.

Sta Wealth Management also advises several private funds. Namely, one real estate fund and one private equity fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $250,000.

Careers at Sta Wealth Management, LLC

The company employs 35 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 22 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
Lance Eric Roberts	Member, chief executive officer	1 Oct 2002	25% - 50%	3068207
Michael Anthony Smith	Member president	1 Oct 2002	25% - 50%	3128757
James Luke Patterson	Member / chief investment officer	1 Sep 2010	25% - 50%	2702156
Hope Marie Edick	Chief compliance officer	1 Aug 2011	Other	4388923
Cy Garrett Cattan	Partner / senior director of wealth management	1 Jan 2017	Other	3234158
Scott Allen Bishop	Partner / executive vp financial planning	1 Jan 2017	Other	2687188
Mary Katherine Yarber	Chief financial officer	1 Jan 2018	Other	3137582
James Allen Atkinson	Chief operating officer	1 Feb 2019	Other	2339222

Based in Houston

The principal office where Sta Wealth Management, LLC performs its advisory services is located at 800 Town & Country Blvd, Houston, TX 77024, which is also the mailing address of the firm. An additional office of the firm is in Sugar Land, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 281-822-8800. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at stawealth.com.