Waters, Parkerson & Co., LLC is a large advisory firm based in New Orleans. It manages $1.53 billion of regulatory assets for 1,675 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, California, Colorado, and 9 other states.
Waters, Parkerson & Co. provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Waters, Parkerson & Co., LLC is $1.53 billion. The firm's AUM has grown by 53% 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 Waters, Parkerson & Co., LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Griswold is high net worth individuals with 340 clients and $1.12 billion of assets under management. Among the 12 most similar advisory firms, Waters, Parkerson & Co. has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.53 billion for 785 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.
Waters, Parkerson & Co. doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 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.
George Griswold has been acting as President since 1 Jan 2000. Devin John Wakeman joined the executive team most recently as the Partner.
The principal office where Waters, Parkerson & Co., LLC performs its advisory services is located at 601 Poydras Street, New Orleans, LA 70130 6013, 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 504-581-2022 or by fax 504-525-9320. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at watersparkerson.com.