Harris | Oakmark
Assets Under Management
$93.8B
Number of Clients
2,347
Number of Advisors
2
Avg. Portfolio per Client
$40.0M
Avg. Managed per Advisor
$46.9B
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
About This Firm
Harris Associates provides investment management services to individuals and institutions. Harris manages investments on a discretionary basis, meaning they make investment decisions for you. They offer various investment strategies, including U.S. large value equity, global equity, and balanced portfolios. Harris also provides non-discretionary services where the client makes all investment decisions. Harris uses a value investing philosophy, seeking to invest in companies whose stock prices are below their estimated intrinsic value.
Fee Structure
Harris Associates charges an annual fee based on the amount of assets they manage for you. The specific fee varies depending on the investment strategy and the size of your account.
For example, for private wealth clients using a balanced strategy, the fee is 0.75% on the first $15 million and 0.45% on assets over $15 million. For private wealth clients using a U.S. Mid Cap Equity strategy, the fee is 1.00% on the first $10 million and 0.50% on assets over $10 million.
Fees are generally deducted from client accounts quarterly in advance for private wealth clients.
Areas of Practice
Location
111 S. Wacker Drive, Suite 4600, Chicago, IL, 60606