Delta Financial Advisors, L.L.C
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Overview
Delta Financial Advisors, L.L.C is a financial advisor company headquartered in New Orleans, Louisiana. Delta Financial Advisors, L.L.C controls $339.0 million in assets under management throughout 456 client accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The company has a small team, including 2 financial advisors. Delta Financial Advisors, L.L.C is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like stocks, bonds and options.
Delta Financial Advisors, L.L.C manages most of the firm's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments without requiring client consent. It also has six non-discretionary accounts totaling $47.5 million in assets under management. Delta Financial Advisors, L.L.C administers about $743,495 in assets for each client account. The average financial advisor at Delta Financial Advisors, L.L.C oversees around 228 client accounts.
The company's main office is at 701 Poydras Street, New Orleans, Louisiana 70139. The firm is legally permitted to serve customers across a number of states, including Alabama, Florida, Georgia, Mississippi, Tennessee, Texas and Louisiana.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Delta Financial Advisors, L.L.C by the Numbers
$339.0 million
4
456
$743.5 thousand
Products and Services
Delta Financial Advisors, L.L.C offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the past fiscal year, Delta Financial Advisors, L.L.C provided 26-50 of its customers with financial planning services. The firm is not involved in selling products or offering services aside from investment advisory services to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management typically are based on the financial services offered. However, fees billed by Delta Financial Advisors, L.L.C likely are comprised of any blend of the following fee types: asset-based or hourly. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Delta Financial Advisors, L.L.C caters to retail investors, high net worth investors and corporations. Out of its 456 customers, Delta Financial Advisors, L.L.C's biggest client by number of accounts is retail investors, but it also caters to 71 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 40.8%
- Other Individuals - 58.62%
- Corporations - 0.57%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Delta Financial Advisors, L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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