Thirtynorth Investments, LLC (New Orleans)

Name: Thirtynorth Investments, LLC
Address: 1460 Energy Centre, New Orleans, LA, 70163
Telephone: 504-528-3685

Thirtynorth Investments, LLC is a large advisory firm based in New Orleans. It manages $153.53 million of regulatory assets for 296 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, California, Louisiana, and Texas.

Thirtynorth Investments provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Thirtynorth Investments: assets under management

The assets under management (AUM) of Thirtynorth Investments, LLC is $153.53 million. The firm's AUM has grown by 105% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $113.74 million in discretionary accounts and $39.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $406.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.49 million.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thirtynorth Investments, 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.

What kind of clients Thirtynorth Investments serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thirtynorth Investments is pension and profit sharing plans with 13 clients and $90.36 million of assets under management. Among the 11 most similar advisory firms, Thirtynorth Investments has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $153.53 million for 145 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.

Thirtynorth Investments doesn't advise any private funds.

Careers at Thirtynorth Investments, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Advisean Partners	Managing member	1 Sep 2010	75% - 100%	26-2998297
Suzanne Trappey Mestayer	Managing principal	1 Sep 2010	Other	5845327
Marcel James Dupre	Cio chief compliance officer	1 Sep 2010	25% - 50%	2794551
Margaret Blair Duquesnay	Chief compliance officer	1 Aug 2013	Other	4823176
Llc Tni Holdings	Member	1 Jan 2015	Other	47-2924684
Llc Duquesnay Wealth Management	Member	1 Jan 2015	Other	46-1574712

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Suzanne Trappey Mestayer	Managing member	1 Jul 2008	75% - 100%	5845327
Margaret Blair Duquesnay	Managing member	1 Dec 2012	75% - 100%	4823176
Moylan Feild Gomila	Managing member	1 Oct 2014	75% - 100%	3071329

Based in New Orleans

The principal office where Thirtynorth Investments, LLC performs its advisory services is located at 1460 Energy Centre, New Orleans, LA 70163, which is also the mailing address of the firm. An additional office of the firm is in Baton Rouge, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 504-528-3685 or by fax 504-528-3690. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at thirtynorth.com.