CARRIAGE SERVICES INVESTMENT ADVISORS, INC.

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Adviser Profile
As of Date 09/09/2024
Adviser Type - Large advisory firm
Number of Employees 6 20.00%
of those in investment advisory functions 4
Registration SEC, Approved, 07/18/2012
AUM* 272,694,075 9.78%
of that, discretionary 271,738,499 10.93%
Private Fund GAV* 254,723,185 11.12%
Avg Account Size 1,947,815 3.51%
SMA’s Yes
Private Funds 1
Contact Info 713 xxxxxxx

Client Types

- Pooled investment vehicles
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
267M 229M 190M 152M 114M 76M 38M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count1 GAV$254,723,185

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Brochure Summary

Overview

Carriage Services Investment Advisors, Inc. (Carriage Services Advisors) was formed in 2012 as a registered investment adviser (RIA). The firm is a wholly-owned subsidiary of Carriage Services, Inc., a publicly-held company headquartered in Houston, Texas, which is a leading provider of death care services and merchandise in the United States. Those services and merchandise are provided through entities that are directly or indirectly owned and/or controlled by Carriage Services, Inc. As used herein, “CSI” refers to Carriage Services, Inc. and its subsidiaries and affiliates. The business of Carriage Services Advisors is to provide investment advisory and other services to a private fund, Styx Private Fund LLP, a Florida limited liability partnership (the ”Fund”) and to deathcare trusts of CSI. The Fund is organized for the purpose of pooling funds from certain affiliated deathcare trusts created by CSI and making collective investments of such pooled funds. The Fund and deathcare trusts contract with Carriage Services Advisors to provide investment advisory services, fund accounting services, fund oversight and investment performance monitoring and other
ancillary functions covering investment assets. The composition of the investments is dependent upon the investment guidelines of the Fund, and in certain circumstances state law mandating investment of the deathcare trusts, and may be comprised of one or more of the following security types: Equity Securities (exchange listed and OTC, including preferred securities) Certificates of Deposit/Money Market Instruments Municipal Securities Partnerships Corporate Debt Publicly Traded Master Limited Partnerships United States Government Securities Commercial Paper Mutual Funds/Exchange Traded Funds Closed-End Funds As of December 31, 2023, the Fund and deathcare trust assets managed by Carriage Services Advisors on a discretionary basis were equal to approximately $271 million and $1 million on a non-discretionary basis. Carriage Services Advisors follows investment guidelines established by Carriage Services, Inc. and the officer of the Fund, Megan Bartels, which set forth investment objectives, permitted investments, target asset allocations, diversification guidelines, asset quality and other investment standards for the investment of the Fund and deathcare trust assets.