Sanders Morris Harris makes fifth deal in a year

FWR Staff

22 April 2008

Firm buys Miller-Green, client of its independent advisory-support business. Sanders Morris Harris (SMH) has acquired Miller-Green Financial, a 25-year-old Houston-based wealth-management firm with about $400 million in assets under management.

Terms of the deal weren't disclosed. The addition of Miller-Green brings SMH's assets under management to around $17.4 billion.

Next phase

"Miller-Green has had a successful, longstanding association with Sanders Morris Harris through SMH Partners, our independent division," says Stephen Cordill, president of SMH's investment- and wealth-management unit. "We've admired the way Miller-Green's business has grown over the years and it was a logical progression for us to incorporate found a partner in Sanders Morris Harris that brings an abundance of intellectual capital and a sophisticated platform that will help us to continue to serve our clients and expand our business over the years to come."

Miller-Green is SMH's fifth wealth-management acquisition in a year, among them Solon, Ohio-based insurance product and retirement consultancy Dickenson & Associates and New York-based iPro One, an investment-platform provider to CPAs.

Houston-based SMH provides asset- and wealth management services as well as investment banking, institutional brokerage, trading, and research. -FWR

Purchase reproduction rights to this article.