Whitney Bank (New Orleans)

Whitney Bank is a large advisory firm based in New Orleans. It manages $1.3 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2015.

Whitney Bank provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Whitney Bank: assets under management

The assets under management (AUM) of Whitney Bank is $1.3 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $129.66 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whitney Bank for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Whitney Bank serves?

The only and largest group of clients of Whitney Bank is investment companies with 10 clients and $1.3 billion of assets under management. Among the 10 most similar advisory firms, Whitney Bank has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.3 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.

Whitney Bank doesn't advise any private funds.

Careers at Whitney Bank

The company employs 37 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David John Lundgren has served as the Chief Investment Officer since 1 Aug 2016. John Mario Rigney joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hancock Holding Company	Holding company	1 Apr 1984	75% - 100%	64-0693170
Clifton Joseph Saik	Executive vice president	1 Jun 1998	Other	2577012
John Cecil Portwood	Senior vice president	1 Oct 1998	Other	4377026
William Montague Eden	Chief compliance officer	1 Oct 2010	Other	5136536
Miles Stuart Milton	Executive vice president	1 Oct 2014	Other	1518016
Henry Sanchez	Chief compliance officer	1 Jun 2015	Other	4711576
John Mario Rigney	Chief compliance officer	1 Jan 2016	Other	2032572
David John Lundgren	Chief investment officer	1 Aug 2016	Other	3268428

Based in New Orleans

The principal office where Whitney Bank performs its advisory services is located at 228 St. Charles Avenue, New Orleans, LA 70130, which is also the mailing address of the firm. An additional office of the firm is in Gulfport, MS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (504) 299-5168 or by fax 504-299-5081. The normal business hours are 8:00 am to 5:00 pm cst on Monday - Friday.