Broker-dealer firm · Houston, TX
Sanders Morris LLC
SEC-registered investment adviser · CRD 20580 · SEC 801-66300
At a glance
Sanders Morris LLC is an SEC-registered investment adviser based in Houston, Texas, with $576 million in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 127 individual clients. By Form ADV it is a broker-dealer firm, ranked 197th of 391 broker-dealer firms and 7,254th of 17,210 SEC-registered advisers by assets.
Main office 713-224-3100sandersmorris.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $576M
- Rank among broker-dealer firms
- #197 of 391
- Rank among all SEC RIAs
- #7,254 of 17,210
- Rank in Texas
- #467 of 1,081
- Individual clients
- 127
- High-net-worth clients
- 21
- Accounts
- 359
- Discretionary
- 52% of AUM
- Employees
- 27
- Advisory staff
- 13
- Offices
- 2
Owners and executives on its Form ADV
- George Lester BallRegistered Associate
- David William BlockOperations Manager
- Arthur Haag ShermanManager
- Paul Douglas LyonsFinop, Principal Financial Officer
- Erick George Revelle KueblerChief Executive Officer
- David Lee HuntChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Sanders Morris LLC is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV.
Its Form ADV brochure (filed March 2026) names Sanders Morris as the broker-dealer its advisers are registered with.
Employees of Tectonic may also be Registered Representatives of SM, the dual registrant.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 21 | $551M | 96% |
| Individuals | 106 | $26M | 4% |
Disciplinary disclosures
Sanders Morris LLC answers yes to 20 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗sandersmorris.com ↗
AtlasMembers
The full record on Sanders Morris LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 146 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 3Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Sanders Morris LLC manage?
Sanders Morris LLC reports $576 million in regulatory assets under management across 359 accounts, 52% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Sanders Morris LLC?
Sanders Morris LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Sanders Morris LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($551 million, 21 clients); individuals ($26 million, 106 clients).
Does Sanders Morris LLC have any disciplinary history?
Sanders Morris LLC answers yes to 20 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Sanders Morris LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →