Crescent Capital Consulting, LLC (New Orleans)


Crescent Capital Consulting, LLC is a large advisory firm based in New Orleans. It manages $617.58 million of regulatory assets for 648 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Louisiana and Texas.

Crescent Capital Consulting provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crescent Capital Consulting: assets under management

The assets under management (AUM) of Crescent Capital Consulting, LLC is $617.58 million. The firm's AUM has grown by 103% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $326.36 million in discretionary accounts and $291.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $771.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.29 million.
Crescent Capital Consulting has custody of $65.05 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in pooled investment vehicles form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crescent Capital Consulting, 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 Crescent Capital Consulting serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Crescent Capital Consulting is charitable organizations with 28 clients and $325.89 million of assets under management. Among the 10 most similar advisory firms, Crescent Capital Consulting has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $611.49 million for 142 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.

Crescent Capital Consulting doesn't advise any private funds.

Careers at Crescent Capital Consulting, LLC

The company employs 15 people that are either part- or full-time employees. 87 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 doesn’t compensate 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
Andrew Bell Wisdom Director & president 1 Aug 2010 50% - 75% 4897018
Luis Charles Zervigon Vice president, chief operating officer & chief compliance officer 1 Aug 2010 25% - 50% 5361572
Stephen Derby Gisclair Chief compliance officer 1 Aug 2010 25% - 50% 1040641
Luis Charles Zervigon Chief compliance officer 1 Jan 2013 Other 5361572
Bryan W Fitzpatrick Director & vice president 1 Feb 2014 Other 6314904
Llc Rampart Investments Interest holder 1 Jan 2017 Other xxx-xx-xxxx
Sheridan Barnes Grace Chief compliance officer 1 May 2018 Other 5720868

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Bryan W Fitzpatrick Interest holder, managing member 1 Jan 2017 75% - 100% 6314904

Based in New Orleans

The principal office where Crescent Capital Consulting, LLC performs its advisory services is located at 1100 Poydras Street, New Orleans, LA 70163, 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 504-207-8555 or by fax 504-207-8525. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at crescentcapitalconsulting.com.