Rice Hall James & Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions.
Rice Hall James & Associates reports 249 clients. They include 143 individual clients, 68 high-net-worth individuals, and 10 corporations and other businesses. Of its assets, 100.0% ($1.74B across 249 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $54M. Of its clients, 2% are outside the U.S. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 14% |
| High-net-worth individuals | 27% | 6% |
| Banking or thrift institutions | 0% | 0% |
| Investment companies | <1% | 5% |
| Pooled investment vehicles | <1% | 26% |
| Other client typesPension and profit-sharing plans; Charitable organizations; State or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | 14% | 49% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 143 | $246M | 14.1% | $1.72M |
| High-net-worth individuals | 68 | $101M | 5.8% | $1.48M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Investment companies | 1 | $90.6M | 5.2% | $90.6M |
| Pooled investment vehicles | 1 | $449M | 25.8% | $449M |
| Pension and profit-sharing plans | 3 | $273M | 15.7% | $91M |
| Charitable organizations | 9 | $40.3M | 2.3% | $4.47M |
| State or municipal government entities | 8 | $308M | 17.7% | $38.5M |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 10 | $179M | 10.3% | $17.9M |
| Other | 6 | $54M | 3.1% | $9M |
| Total | 249 | $1.74B | 100% | — |
- Clients
- 143
- Regulatory AUM
- $246M
- AUM share
- 14.1%
- Avg. per client
- $1.72M
- Clients
- 68
- Regulatory AUM
- $101M
- AUM share
- 5.8%
- Avg. per client
- $1.48M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 1
- Regulatory AUM
- $90.6M
- AUM share
- 5.2%
- Avg. per client
- $90.6M
- Clients
- 1
- Regulatory AUM
- $449M
- AUM share
- 25.8%
- Avg. per client
- $449M
- Clients
- 3
- Regulatory AUM
- $273M
- AUM share
- 15.7%
- Avg. per client
- $91M
- Clients
- 9
- Regulatory AUM
- $40.3M
- AUM share
- 2.3%
- Avg. per client
- $4.47M
- Clients
- 8
- Regulatory AUM
- $308M
- AUM share
- 17.7%
- Avg. per client
- $38.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 10
- Regulatory AUM
- $179M
- AUM share
- 10.3%
- Avg. per client
- $17.9M
- Clients
- 6
- Regulatory AUM
- $54M
- AUM share
- 3.1%
- Avg. per client
- $9M
Total
- Clients
- 249
- Regulatory AUM
- $1.74B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
Rice Hall James & Associates is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
The leadership team of Rice Hall James & Associates includes President Thuong-Thao Buu-Hoan, Chief Investment Officer Louis Holtz and Chief Financial Officer Carl Obeck. It has 23 employees, 13 of them in advisory roles.
Leadership
- Thuong-Thao Buu-HoanManaging Member, Chief Operating Officer, President
- Carl ObeckMember, Chief Financial Officer
- Janine MarquezChief Compliance Officer
- Louis HoltzManaging Member, Chief Investment Officer, Portfolio Manager
- Yossef LipskerManaging Member, Portfolio Manager
- Daniel SargenManaging Member, Chief Investment Officer, Portfolio Manager
- Timothy TodaroManaging Member, Portfolio Manager
- Gary RicePortfolio Manager
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Thuong-Thao Nguyen Buu-Hoan
- Louis Millett Holtz
- Gary Schuler Rice
- Anthon Horton Shaw
- Timothy Alan Todaro
Staff
- 23 employees
- 13 in advisory functions
- 6 state-registered reps
- Owns 10% to 25% of Rice Hall James & Associates LLC
Carl Obeck
Control person · since June 2009
- Owns 10% to 25% of Rice Hall James & Associates LLC
Thuong-Thao Buu-Hoan
Control person · since June 2009
- Owns 10% to 25% of Rice Hall James & Associates LLC
Timothy Todaro
Control person · since February 2003
- Owns 10% to 25% of Rice Hall James & Associates LLC
Gary Rice
since August 1987
- Owns 10% to 25% of Rice Hall James & Associates LLC
Louis Holtz
Control person · since October 2018
- Owns 10% to 25% of Rice Hall James & Associates LLC
Yossef Lipsker
Control person · since October 2018
- Owns 5% to 10% of Rice Hall James & Associates LLC
Daniel Sargen
Control person · since January 2025
Rice Hall James & Associates’ regulatory assets fell from $3.12B (March 2021) to $1.74B (May 2026); clients fell from 345 to 249 and employees from 32 to 23.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $1.74B | 249 | 23 | 2 |
| March 2025 | $1.78B | 265 | 25 | 2 |
| March 2024 | $1.74B | 286 | 27 | 2 |
| April 2023 | $1.8B | 303 | 27 | 2 |
| March 2022 | $2.95B | 321 | 31 | 3 |
| March 2021 | $3.12B | 345 | 32 | 3 |
Besides its headquarters, Rice Hall James & Associates has 1 office, with 2 listed addresses in California.
California · 2 listed addresses
- 600 West Broadway Suite 1000, San DiegoHQ
- 300 N. Lake Ave., Suite 929, Pasadena
Contact and registration details
- Legal name
- Rice Hall James & Associates LLC
- Headquarters
- 600 West Broadway Suite 1000, San Diego, CA 92101
- Website
- ricehalljames.com
- Phone
- 619-239-9005
- SEC file
- 801-61905
- Structure
- Delaware LLC
- Fiscal year end
- December
Rice Hall James & Associates uses Northern Trust Investments ($354M, 40%), State Street Bank and Trust ($296M, 34%) and The Bank of New York Mellon ($229M, 26%) as custodians for its separately managed accounts. Rice Hall James & Associates has custody of $34.7M in client assets for 15 clients.
- Northern Trust InvestmentsNorthern Trust Investments Incorporated · Chicago, IL · $354M40%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $296M34%
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $229M26%
At year end, Rice Hall James & Associates’ separately managed accounts were mostly in stocks (96%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.05B across 240 positions; the largest are Ligand Pharmaceuticals Inc. (4.2%), Aci Worldwide Inc. (2.5%) and Arlo Technologies Inc. (2.4%).
What the accounts hold
- Stocks96%
- Bonds1%
- Cash3%
Reported 13F holdings
- $2.05B
- Reported 13F value
- 240
- Positions
- 24.1%
- In the 10 largest
- +14.4%
- Value vs. prior quarter
- Ligand Pharmaceuticals Inc.4.2%
- Aci Worldwide Inc.2.5%
- Arlo Technologies Inc.2.4%
- Fabrinet2.4%
- Establishment Labs Hldgs Inc.2.3%
- Xpo Inc.2.2%
- Ziff Davis Inc.2.1%
- Shift4 Pmts Inc. · CL A2.1%
- Kiniksa Pharmaceuticals Intl · Ord Shs CL A1.9%
- Ascendis Pharma A/s1.9%
Together, the ten largest are 24.1% of reported value.
How many clients does Rice Hall James & Associates have?
Rice Hall James & Associates has 249 clients and manages $1.74 billion for them, as of May 2026. They include 143 individual clients, 68 high-net-worth individuals, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026
What services does Rice Hall James & Associates offer?
Rice Hall James & Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Rice Hall James & Associates use?
Rice Hall James & Associates’ separately managed account assets are held at Northern Trust Investments Incorporated (Chicago, IL), with $354M, State Street Bank and Trust Company (Boston, MA), with $296M and The Bank of New York Mellon (New York, NY), with $229M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026
How many financial advisors does Rice Hall James & Associates have?
Rice Hall James & Associates has 6 investment adviser representatives registered with state securities authorities, out of 23 employees, and 13 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 Rice Hall James & Associates invest in?
At the end of its last fiscal year, Rice Hall James & Associates’ separately managed accounts held 96% exchange-traded equities, 3% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Rice Hall James & Associates?
Rice Hall James & Associates’ direct owners are Carl Obeck, Thuong-Thao Buu-Hoan, Timothy Todaro, Gary Rice, Louis Holtz, Yossef Lipsker and Daniel Sargen, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 6 May 2026
How does Rice Hall James & Associates get paid?
Rice Hall James & Associates 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 Rice Hall James & Associates?
Rice Hall James & Associates’ main office is at 600 West Broadway Suite 1000, San Diego, CA 92101. Its phone number is 619-239-9005. Its website is ricehalljames.com.