Equitas Capital Advisors,LLC is a large advisory firm based in New Orleans. It manages $335.48 million of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Louisiana and Texas.
Equitas Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and wrap fee program. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Equitas Capital Advisors,LLC is $335.48 million. The firm's AUM has gone down by -77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Equitas Capital Advisors,LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Equitas Capital Advisors is charitable organizations with 10 clients and $261.74 million of assets under management. Among the 9 most similar advisory firms, Equitas Capital Advisors has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $335.48 million for 46 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Equitas Capital Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 2 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 receive compensation from other entities for client referrals.
Derek Louis Fossier joined the executive team most recently as the Chief Compliance Officer.
The principal office where Equitas Capital Advisors,LLC performs its advisory services is located at 365 Canal Street, New Orleans, LA 70130, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 504-569-9600 or by fax 504-569-9650. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at equitas-capital.com/.