EVERETT HARRIS & CO /CA/

Everett Harris & Co. is an investment management counsel based out of Los Angeles, California. The company was originally established in 1937 by founder Everett L. Harris and, just one year after its establishment, would become the first West Coast representative of the Investment Advisor Association. Everett Harris & Co. would then be acquired by partners Oliver Crary and James Ward in 1990 and the company now operates with an investment team that has an average of two decades in the financial services industry. The company currently operates with 18 individuals of which 10 are investment professionals and manages a total of over $6.7 billion in assets under management spread across over 1,400 accounts, of which over 1000 are discretionary accounts and the remaining four hundred are nondiscretionary accounts. Both of Everett Harris & Co.’s total number of accounts and total assets under management have been increasing in recent years with its total number of accounts increasing from just over 1000 five years ago to its current amount today and its total assets under management increasing from under $5 billion to experience almost $2 billion in growth since 2010. The company conducts its research bother internally and externally and allocates its assets across a wide variety of sectors. Everett Harris & Co. invests most heavily in the finance and health care sectors, which each make up over a fifth of its total asset allocations, and also invests in the consumer staples, information technology, consumer discretionary, utilities and telecommunications, and transports sectors, among others to a lesser degree, in order of decreasing allocation. The company, in the most recent quarter, had a relatively low turnover rate of approximately 8.4% and keeps its holdings on an average of 24 quarters. Everett Harris & Co. mainly caters to high net worth individuals, which alone makes up over three quarters of its clientele, and also caters to pension and profit sharing plans, corporations, and charities.