Carriage Services Investment Advisors provides portfolio management for pooled vehicles. The firm advises 1 private fund.
Carriage Services Investment Advisors reports 1 client. They include 1 pooled investment vehicle. Of its assets, 99.8% ($308M across 119 accounts) are managed with discretion; $534K across 5 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 90% |
| Other | Fewer than 5 | 10% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 1 | $278M | 90.3% | $278M |
| Other | Fewer than 5 | $29.9M | 9.7% | — |
| Total | 1 | $308M | 100% | — |
- Clients
- 1
- Regulatory AUM
- $278M
- AUM share
- 90.3%
- Avg. per client
- $278M
- Clients
- Fewer than 5
- Regulatory AUM
- $29.9M
- AUM share
- 9.7%
- Avg. per client
- —
Total
- Clients
- 1
- Regulatory AUM
- $308M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Carriage Services Investment Advisors is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Carriage Services, Inc. owns 75% or more of Carriage Services Investment Advisors. The leadership team of Carriage Services Investment Advisors includes President Steven Metzger and Chief Compliance Officer Timothy "Pepper" Burns. It has 4 employees, 2 of them in advisory roles.
Leadership
- Steven MetzgerPresident
- Timothy "Pepper" BurnsChief Compliance Officer
- John EnwrightTreasurer
Staff
- 4 employees
- 2 in advisory functions
- Owns 75% or more of Carriage Services Investment Advisors, Inc.
Carriage Services, Inc.
Control person · since April 2012
Carriage Services Investment Advisors’ regulatory assets grew from $242M (March 2021) to $308M (March 2026); clients were 1 in both filings and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $308M | 1 | 4 | 1 |
| July 2025 | $280M | 1 | 5 | 1 |
| March 2024 | $273M | 1 | 6 | 1 |
| May 2023 | $248M | 1 | 5 | 1 |
| March 2022 | $267M | 1 | 5 | 1 |
| March 2021 | $242M | 1 | 5 | 1 |
Besides its headquarters, Carriage Services Investment Advisors has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 3040 Post Oak BLVD., Suite 300, HoustonHQ
Contact and registration details
- Legal name
- Carriage Services Investment Advisors, Inc.
- Headquarters
- 3040 Post Oak BLVD., Suite 300, Houston, TX 77056
- Website
- Not reported
- Phone
- 713-332-8400
- SEC file
- 801-76865
- Structure
- Delaware corporation
- Fiscal year end
- December
Carriage Services Investment Advisors uses Regions Bank, N.A. ($22.3M, 83%) and Argent Trust ($4.66M, 17%) as custodians for its separately managed accounts. Carriage Services Investment Advisors has custody of client assets.
- Regions Bank, N.A.Regions Bank, N.A. · Birmingham, AL · $22.3M83%
- Argent TrustArgent Trust Company · Wilmington, NC · $4.66M17%
At year end, Carriage Services Investment Advisors’ separately managed accounts were largely in stocks (49%) and cash (10%).
What the accounts hold
- Stocks49%
- Non-exchange-traded equities31%
- Exchange-traded equities18%
- Funds2%
- Cash10%
- Other40%
- Other closed-end funds.40%
How many clients does Carriage Services Investment Advisors have?
Carriage Services Investment Advisors has 1 client and manages $308 million for them, as of March 2026. They include 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Carriage Services Investment Advisors offer?
Carriage Services Investment Advisors provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Carriage Services Investment Advisors use?
Carriage Services Investment Advisors’ separately managed account assets are held at Regions Bank, N.A. (Birmingham, AL), with $22.3M and Argent Trust Company (Wilmington, NC), with $4.66M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Carriage Services Investment Advisors have?
Carriage Services Investment Advisors has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Carriage Services Investment Advisors invest in?
At the end of its last fiscal year, Carriage Services Investment Advisors’ separately managed accounts held 40% other, 31% non-exchange-traded equities, 18% exchange-traded equities, 10% cash and equivalents and 2% registered funds (mutual funds, ETFs, BDCs). The 40% other category is described as: Other Closed-End Funds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Carriage Services Investment Advisors?
Carriage Services Investment Advisors’ direct owner is Carriage Services, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Carriage Services Investment Advisors get paid?
Carriage Services Investment Advisors is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Carriage Services Investment Advisors?
Carriage Services Investment Advisors’ main office is at 3040 Post Oak BLVD., Suite 300, Houston, TX 77056. Its phone number is 713-332-8400.