{
  "crd_number": 122092,
  "slug": "delta-financial-advisors-l-l-c-metairie-la-122092",
  "primary_business_name": "DELTA FINANCIAL ADVISORS, L.L.C.",
  "legal_name": "DELTA FINANCIAL ADVISORS, L.L.C.",
  "dbas": [],
  "city": "Metairie",
  "state": "LA",
  "country": "United States",
  "cbsa_code": "35380",
  "metro": {
    "cbsa_code": "35380",
    "common_name": "New Orleans",
    "msa_name": "New Orleans-Metairie, LA",
    "path": "/advisors/la/new-orleans"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-02-03",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-07-23",
  "carried_forward": false,
  "raum_total": 592287336.0,
  "raum_discretionary": 531167011.0,
  "raum_non_discretionary": 61120325.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 5297960.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 46466802.0,
      "count": 113
    },
    "high_net_worth_individuals": {
      "raum": 466574851.0,
      "count": 98
    },
    "corporations_other_businesses": {
      "raum": 73947723.0,
      "count": 5
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "FL",
    "LA",
    "TN",
    "TX"
  ],
  "websites": [
    "https://deltafinad.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122092",
  "city_as_filed": "METAIRIE",
  "url": "https://advisorcensus.com/firm/delta-financial-advisors-l-l-c-metairie-la-122092",
  "display_name": "Delta Financial Advisors, L.L.C.",
  "summary": "Delta Financial Advisors, L.L.C. is an SEC-registered investment advisory firm in Metairie, LA, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 23, 2026.",
  "citation": "AdvisorCensus. Delta Financial Advisors, L.L.C. (CRD 122092): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Delta Financial Advisors, L.L.C. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Delta Financial Advisors, L.L.C. reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "Where is Delta Financial Advisors, L.L.C. located?",
      "a": "Delta Financial Advisors, L.L.C.'s principal office is in Metairie, LA, according to its Form ADV."
    },
    {
      "q": "Is Delta Financial Advisors, L.L.C. registered with the SEC or a state?",
      "a": "Delta Financial Advisors, L.L.C. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 122092."
    },
    {
      "q": "How much does Delta Financial Advisors, L.L.C. manage?",
      "a": "Delta Financial Advisors, L.L.C. reports $592,287,336 in regulatory assets under management in its Form ADV filing dated July 23, 2026 (90% discretionary)."
    },
    {
      "q": "How have Delta Financial Advisors, L.L.C.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Delta Financial Advisors, L.L.C.: Regulatory assets under management: $351,790,319 in the October 2021 data and $592,287,336 in the October 2026 data, up 68%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Delta Financial Advisors, L.L.C. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (113); high net worth individuals (98); corporations or other businesses not listed above (5)."
    },
    {
      "q": "Which custodians does Delta Financial Advisors, L.L.C. use?",
      "a": "Delta Financial Advisors, L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Delta Financial Advisors, L.L.C. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/122092"
    },
    {
      "q": "Does Delta Financial Advisors, L.L.C. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 21, 2026 says: \"Our minimum account size is $500,000.00 per client. You may meet this minimum by using one or more accounts. This minimum may be lowered if we believe that we may provide a proper level of service after reviewing your unique circumstances.\""
    },
    {
      "q": "What changed in Delta Financial Advisors, L.L.C.'s recent Form ADV filings?",
      "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 351790319.0,
      "total_employees": 4,
      "filing_date": "2021-05-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 402858900.0,
      "total_employees": 4,
      "filing_date": "2022-03-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 339033824.0,
      "total_employees": 4,
      "filing_date": "2023-03-14"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 381076526.0,
      "total_employees": 4,
      "filing_date": "2024-03-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 429701881.0,
      "total_employees": 4,
      "filing_date": "2025-05-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 592287336.0,
      "total_employees": 5,
      "filing_date": "2026-07-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 2 to 3.",
        "Regulatory assets under management went from $429,701,881 to $592,287,336 (+38%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 21, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000"
        ],
        "quotes": [
          "Our minimum account size is $500,000.00 per client. You may meet this minimum by using one or more accounts. This minimum may be lowered if we believe that we may provide a proper level of service after reviewing your unique circumstances."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Our minimum account size is $500,000.00 per client. You may meet this minimum by using one or more accounts. This minimum may be lowered if we believe that we may provide a proper level of service after reviewing your unique circumstances."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/delta-financial-advisors-l-l-c-metairie-la-122092.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 113,
      "fewer_than_5": false,
      "raum": 46466802.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 98,
      "fewer_than_5": false,
      "raum": 466574851.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 5297960.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 73947723.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122092",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}