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SANDERS MORRIS LLC
CRD 20580File 801-66300
APPROVED
Retail clients
Disclosure events
Filing as of Mar 31, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$576.1M
Above cohort median (national)
Discretionary AUM
$299.5M
Non-discretionary $276.7M
Clients
127
359 accounts
Employees
27
Above cohort median in TX
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- FWRO
- Registration date
- Mar 30, 2006
- Principal office
- 600 TRAVIS, SUITE 5900, HOUSTON, TX, 77002-3003
- Phone
- 713-224-3100
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $576.1M
- Discretionary AUM
- $299.5M
- Non-discretionary AUM
- $276.7M
- Discretionary accounts
- 334
- Non-discretionary accounts
- 25
- Total accounts
- 359
- AUM per client
- $4.5M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| High net worth individuals | 21 | $550.6M |
| Individuals (other than high net worth individuals) | 106 | $25.5M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11C1
- Q11C2
- Q11C4
- Q11C5
- Q11D2
- Q11D4
- Q11E2
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 28 | 27 | decreased by1 |
| Apr 1, 2026 | Clients | 613 | 127 | decreased by486 |
| Apr 1, 2026 | AUM | $991,714,376 | $576,142,421 | decreased by$415,571,955 |
| Apr 1, 2026 | Accounts | 613 | 359 | decreased by254 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 461 | 613 | increased by152 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $647,776,000 | $991,714,376 | increased by$343,938,376 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 529 | 613 | increased by84 |
| Apr 1, 2022 | Clients | 376 | 461 | increased by85 |
| Apr 1, 2022 | AUM | $601,996,254 | $647,776,000 | increased by$45,779,746 |
| Apr 1, 2022 | Accounts | 432 | 529 | increased by97 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “SANDERS MORRIS” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“SANDERS MORRIS” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.