Sanders Morris LLC is a registered investment advisor and broker-dealer that offers investment management primarily through wrap fee programs, which bundle advisory services, research, and brokerage execution into a single asset-based fee. The firm provides portfolio management through its proprietary FOCUS and Managed Asset Program (MAP) platforms, alongside third-party platforms like Envestnet and Morningstar. Clients can choose between discretionary management—where the firm or a third-party manager makes trades without prior approval—and non-discretionary management. Sanders Morris also offers financial planning, retirement plan consulting, and brokerage services. Investment advice is tailored to each client's financial situation, risk tolerance, and time horizon. The firm serves individuals, high-net-worth families, trusts, estates, pension plans, and corporations.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 3.00% |
| $500K - $1.0M | 2.25% |
| $1.0M - $2.0M | 1.90% |
| $2.0M - $5.0M | 1.70% |
| $5M+ | 1.50% |
Schedules reflect maximum total program fees for wrap fee programs. Fees are negotiable for higher asset levels. Specific platforms have varying tier structures and third-party manager fees.