EXHIBIT 21--  SUBSIDIARIES OF THE COMPANY,  JURISDICTION OF  INCORPORATION,  AND
PERCENTAGE OF OWNERSHIP

1. United Shareholder Services, Inc. - incorporated in Texas and wholly owned by
   the Company

2. A & B Mailers, Inc. - incorporated in Texas and wholly owned by the Company

3. Security Trust & Financial  Company - incorporated  in Texas and wholly owned
   by the Company

4. U.S. Advisors (Guernsey) Limited - incorporated in Guernsey,  Channel Islands
   and wholly owned by the Company

5. U.S. Global  Brokerage,  Inc. - incorporated in Texas and wholly owned by the
   Company

6. U.S. Global Administrators,  Inc. - incorporated in Texas and wholly owned by
   the Company

7. iWeblabs, Inc. - incorporated in Texas and wholly owned by the Company