Investment Advisers provide financial advice and perform securities transactions for an annual flat-fee from their clients. This is designed to make it so advisers do not hold a personal stake in performing transactions and therefore give their clients the best possible advice. Still, the federal government licenses and monitors investment advisers as do state regulators.
Houston is open for business. The coastal Texas city tries to make it simple for entrepreneurs to set up shop and has no general business license. In fact, Houston and Bexar County keep local regulation at a minimum and leave most of the licensing to the state. Therefore, Houston residents have relatively few forms and relatively few costs to get their enterprises up and running. Houston's position on the Gulf of Mexico make it a major port for oil and gas. Accordingly, it has a powerful energy industry as well biomedical research and aeronautics sectors. Houston's ship canal and port drive important shipping and maritime industries.