{ "crd_number": 124471, "slug": "equitas-capital-advisors-llc-new-orleans-la-124471", "primary_business_name": "EQUITAS CAPITAL ADVISORS,LLC", "legal_name": "EQUITAS CAPITAL ADVISORS,LLC", "dbas": [], "city": "New Orleans", "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": "2003-04-17", "years_registered": 23, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 214236183.0, "raum_discretionary": 98120779.0, "raum_non_discretionary": 116115404.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 6, "advisory_employees": 5, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 129060779.0, "count": 8 }, "individuals": { "raum": 9467874.0, "count": 13 }, "banking_thrift": { "raum": null, "count": 0 }, "state_municipal": { "raum": null, "count": 0 }, "insurance_companies": { "raum": null, "count": 0 }, "investment_companies": { "raum": null, "count": 0 }, "pension_profit_sharing": { "raum": null, "count": 0 }, "other_investment_advisers": { "raum": null, "count": 0 }, "high_net_worth_individuals": { "raum": 68864562.0, "count": 24 }, "pooled_investment_vehicles": { "raum": 6842968.0, "count": 1 }, "business_development_companies": { "raum": null, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": null, "count": 0 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "other", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 5, "states_registered": [ "LA", "TX" ], "websites": [ "https://equitas-capital.com", "https://facebook.com/profile.php?id=100057343305162", "https://linkedin.com/company/equitas-capital-advisors-llc" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124471", "disclosure_items": [ { "item": "11.C(1)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "NEW ORLEANS", "url": "https://advisorcensus.com/firm/equitas-capital-advisors-llc-new-orleans-la-124471", "display_name": "Equitas Capital Advisors,llc", "summary": "Equitas Capital Advisors,llc is an SEC-registered investment advisory firm in New Orleans, LA, registered since 2003, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. Equitas Capital Advisors,llc (CRD 124471): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)", "Other" ], "quick_answers": [ { "q": "How is Equitas Capital Advisors,llc compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Equitas Capital Advisors,llc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)." }, { "q": "Where is Equitas Capital Advisors,llc located?", "a": "Equitas Capital Advisors,llc's principal office is in New Orleans, LA, according to its Form ADV." }, { "q": "Is Equitas Capital Advisors,llc registered with the SEC or a state?", "a": "Equitas Capital Advisors,llc is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124471." }, { "q": "How much does Equitas Capital Advisors,llc manage?", "a": "Equitas Capital Advisors,llc reports $214,236,183 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (46% discretionary)." }, { "q": "How have Equitas Capital Advisors,llc's assets and staff changed since 2021?", "a": "In the Form ADV data for Equitas Capital Advisors,llc: Regulatory assets under management: $416,888,482 in the October 2021 data and $214,236,183 in the October 2026 data, down 49%. Total employees: 10 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Equitas Capital Advisors,llc serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (24); individuals (other than high net worth individuals) (13); charitable organizations (8)." }, { "q": "Which custodians does Equitas Capital Advisors,llc use?", "a": "Equitas Capital Advisors,llc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Equitas Capital Advisors,llc report any disciplinary disclosures?", "a": "Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124471" }, { "q": "What changed in Equitas Capital Advisors,llc's recent Form ADV filings?", "a": "In the January 2026 filing data: No longer registered or notice-filed in PA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 416888482.0, "total_employees": 10, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 459296476.0, "total_employees": 9, "filing_date": "2022-04-01" }, { "period": "2023-10-01", "regulatory_assets_under_management": 392963144.0, "total_employees": 10, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 217124577.0, "total_employees": 6, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 201430863.0, "total_employees": 6, "filing_date": "2025-03-26" }, { "period": "2026-10-01", "regulatory_assets_under_management": 214236183.0, "total_employees": 6, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in PA." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Pershing LLC", "name_as_filed": "PERSHING LLC", "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/equitas-capital-advisors-llc-new-orleans-la-124471.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 13, "fewer_than_5": false, "raum": 9467874.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 24, "fewer_than_5": false, "raum": 68864562.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "investment_companies", "label": "Investment companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 6842968.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "charitable", "label": "Charitable organizations", "count": 8, "fewer_than_5": false, "raum": 129060779.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "insurance_companies", "label": "Insurance companies", "count": 0, "fewer_than_5": false, "raum": null }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 0, "fewer_than_5": false, "raum": null } ], "disclosure_line": "Reports 5 disclosure items on Form ADV Item 11.", "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/124471", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }