Texan holding co. says name better reflects brokerage subsidiary's mission. Financial-service holding company Sanders Morris Harris Group (SMHG) has re-named broker-dealer subsidiary, previously Sanders Morris Harris, as SMH Capital Internal Revenue.

Re-alignment

"The new name better communicates what our largest subsidiary does and reflects the primary interest bonding our clients, our firm, and our shareholders - capital," says SMHG chairman George Ball.

The name change comes as a result of re-alignment of its businesses into a capital-markets unit and an asset- and wealth-management unit.

Adds Ball: "We will continue to commit the firm's capital, as well as our own personal assets, to the innovative investment opportunities we recommend to our clients, wherever suitable and appropriate."

Houston-based SMHG manages about $13 billion. It has 550 employees in 20 states. -FWR

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