Sanders Morris Harris Group Inc. · Houston, TX United States ·(NASDAQ (GM): SMHG)

Sanders Morris Harris Group (SMHG) offers asset management, mutual funds, investment banking, and other financial services. It has some $17 billion of assets under management and advisement on behalf of corporations, institutional investors, and private clients with more than $100,000 to invest. The company touts its practice of often investing in the same securities as its clients. SMHG's investment banking practice provides advisory services and public offerings and private placements of securities to middle-market firms, with a focus on the energy industry. To focus on asset management, SMHG is selling an 80% stake in its investment banking and capital markets operations to Siwanoy Capital. To read the full description, subscribe now.