Wealth manager, independent · New Orleans, LA
Waters, Parkerson & Co., LLC
SEC-registered investment adviser · CRD 3711 · SEC 801-8754
At a glance
Waters, Parkerson & Co., LLC is an SEC-registered investment adviser based in New Orleans, Louisiana, with $2.9B in regulatory assets under management as of its Form ADV filed May 26, 2026. It reports 741 individual clients, 471 of them high-net-worth, holding an average of about $3.2 million each, and 12 employees. That ranks it 387th among the nation’s 5,657 independent wealth management RIAs and 2nd of 46 in Louisiana. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 504-581-2022watersparkerson.comAs filed on Form ADV
- Regulatory AUM
- $2.9B
- Rank among independent wealth managers
- #387 of 5,657
- Rank among all SEC RIAs
- #2,914 of 17,210
- Rank in Louisiana
- #2 of 46
- Individual clients
- 741
- High-net-worth clients
- 471
- Accounts
- 1,916
- Discretionary
- 96% of AUM
- Employees
- 12
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- David T. PointerPartner
- Michael B. WhealdonPartner
- Julia W. BurlingameChief Compliance Officer
- Jonathan B. MontgomeryCo-Managing Partner
- Devin J. WakemanCo-Managing Partner
- Lee R. EaganPartner
Custody and brokerage
Broker-dealer
No broker-dealer ties
Waters, Parkerson & Co., LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 471 | $2.3B | 79% |
| Charitable organizations | 25 | $186M | 6% |
| Corporations or other businesses | 28 | $148M | 5% |
| Individuals | 270 | $141M | 5% |
| Banking or thrift institutions | – | $115M | 4% |
| Pension and profit sharing plans | – | $10M | <1% |
Disciplinary disclosures
Waters, Parkerson & Co., LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗watersparkerson.com ↗
AtlasMembers
The full record on Waters, Parkerson & Co., LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,408 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Louisiana
All of Louisiana →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Stokes Family Office LLCNew Orleans | $3.4B | 724 |
| Summit Financial Wealth AdvisorsLafayette | $1.8B | 1,208 |
| Argent Advisors, Inc.Ruston | $1.7B | 1,410 |
| Beam Wealth Advisors, Inc.Covington | $1.6B | 2,207 |
| FPL Capital Management, LLCMetairie | $1.1B | 268 |
Background
Questions
How much does Waters, Parkerson & Co., LLC manage?
Waters, Parkerson & Co., LLC reports $2.9B in regulatory assets under management across 1,916 accounts, 96% of it on a discretionary basis, on its Form ADV filed May 26, 2026.
How many clients does Waters, Parkerson & Co., LLC have?
It reports 741 individual clients: 471 high-net-worth individuals and 270 other individuals. Individuals account for about 84% of its regulatory assets.
Where is Waters, Parkerson & Co., LLC headquartered?
Its main office is in New Orleans, Louisiana. It reports 1 office in total and 12 employees, 6 of whom perform investment advisory functions.
How does Waters, Parkerson & Co., LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Waters, Parkerson & Co., LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed May 26, 2026, it reports these amounts held: Charles Schwab ($2.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Waters, Parkerson & Co., LLC a hybrid RIA with a broker-dealer?
Waters, Parkerson & Co., LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Waters, Parkerson & Co., LLC a fiduciary?
As an SEC-registered investment adviser, Waters, Parkerson & Co., LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Waters, Parkerson & Co., LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-26), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →