{
  "crd_number": 313227,
  "slug": "pelican-investment-advisors-llc-baton-rouge-la-313227",
  "primary_business_name": "PELICAN INVESTMENT ADVISORS, LLC",
  "legal_name": "PELICAN INVESTMENT ADVISORS, LLC",
  "dbas": [],
  "city": "Baton Rouge",
  "state": "LA",
  "country": "United States",
  "cbsa_code": "12940",
  "metro": {
    "cbsa_code": "12940",
    "common_name": "Baton Rouge",
    "msa_name": "Baton Rouge, LA",
    "path": "/advisors/la/baton-rouge"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-05-07",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-06-30",
  "carried_forward": false,
  "raum_total": 128500000.0,
  "raum_discretionary": 128300000.0,
  "raum_non_discretionary": 200000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 12,
  "advisory_employees": 10,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 1300000.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 26800000.0,
      "count": 190
    },
    "pension_profit_sharing": {
      "raum": 36200000.0,
      "count": 40
    },
    "high_net_worth_individuals": {
      "raum": 64200000.0,
      "count": 40
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "LA",
    "NM",
    "TX"
  ],
  "websites": [
    "https://pelicanadvisory.com",
    "https://piawealth.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313227",
  "city_as_filed": "BATON ROUGE",
  "url": "https://advisorcensus.com/firm/pelican-investment-advisors-llc-baton-rouge-la-313227",
  "display_name": "Pelican Investment Advisors, LLC",
  "summary": "Pelican Investment Advisors, LLC is an SEC-registered investment advisory firm in Baton Rouge, LA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 30, 2026.",
  "citation": "AdvisorCensus. Pelican Investment Advisors, LLC (CRD 313227): 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",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Pelican Investment Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pelican Investment Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "How much does Pelican Investment Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated April 9, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states); Hourly rate: $150 to $350 an hour (Financial planning services); Flat fee: $100 to $20,000 (longer-term consulting projects); Subscription: $750 to $1,200 a quarter (ongoing retainer services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Pelican Investment Advisors, LLC located?",
      "a": "Pelican Investment Advisors, LLC's principal office is in Baton Rouge, LA, according to its Form ADV; the July 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Pelican Investment Advisors, LLC registered with the SEC or a state?",
      "a": "Pelican Investment Advisors, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 313227."
    },
    {
      "q": "How much does Pelican Investment Advisors, LLC manage?",
      "a": "Pelican Investment Advisors, LLC reports $128,500,000 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Pelican Investment Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Pelican Investment Advisors, LLC: Regulatory assets under management: $0 in the October 2021 data and $128,500,000 in the October 2026 data. Total employees: 4 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Pelican Investment Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (190); high net worth individuals (40); pension and profit sharing plans (but not the plan participants or government pension plans) (40)."
    },
    {
      "q": "Which custodians does Pelican Investment Advisors, LLC use?",
      "a": "Pelican Investment Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Pelican Investment Advisors, LLC 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/313227"
    },
    {
      "q": "What changed in Pelican Investment Advisors, LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Registered or notice-filed in NM."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 4,
      "filing_date": "2021-06-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 128500000.0,
      "total_employees": 12,
      "filing_date": "2026-06-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in NM."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Added an office in Amarillo, TX.",
        "Added an office in Hammond, LA.",
        "Added an office in Mandeville, LA.",
        "Added an office in Thibodaux, LA.",
        "No longer lists an office in Baton Rouge, LA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 9, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $150 to $350 an hour (Financial planning services)",
      "Flat fee: $100 to $20,000 (longer-term consulting projects)",
      "Subscription: $750 to $1,200 a quarter (ongoing retainer services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Annual fees are a maximum of 2.00%.",
          "Fees are charged quarterly in arrears and are based primarily on asset size and the level of complexity of the services provided."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 to $350 an hour (Financial planning services)"
        ],
        "quotes": [
          "Hourly fees range from $150 - $350 per hour, depending on what is negotiated between PIA and the client."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $100 to $20,000 (longer-term consulting projects)"
        ],
        "quotes": [
          "Fixed fees for longer-term consulting projects range from $100 to $20,000 per project."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $750 to $1,200 a quarter (ongoing retainer services)"
        ],
        "quotes": [
          "The quarterly subscription fee is between $750 - $1200 per quarter for ongoing retainer services, depending on the level of service needed by the client."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 2.0,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 150.0,
          "max": 350.0,
          "period": "hour",
          "service": "Financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 100.0,
          "max": 20000.0,
          "period": "one_time",
          "service": "longer-term consulting projects"
        },
        {
          "kind": "subscription",
          "amount": null,
          "min": 750.0,
          "max": 1200.0,
          "period": "quarterly",
          "service": "ongoing retainer services"
        }
      ]
    },
    "quotes": [
      "Annual fees are a maximum of 2.00%.",
      "Fees are charged quarterly in arrears and are based primarily on asset size and the level of complexity of the services provided.",
      "Hourly fees range from $150 - $350 per hour, depending on what is negotiated between PIA and the client.",
      "Fixed fees for longer-term consulting projects range from $100 to $20,000 per project.",
      "The quarterly subscription fee is between $750 - $1200 per quarter for ongoing retainer services, depending on the level of service needed by the client."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab",
      "name_as_filed": "CHARLES SCHWAB",
      "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/pelican-investment-advisors-llc-baton-rouge-la-313227.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 190,
      "fewer_than_5": false,
      "raum": 26800000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 40,
      "fewer_than_5": false,
      "raum": 64200000.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 40,
      "fewer_than_5": false,
      "raum": 36200000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 1300000.0
    }
  ],
  "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/313227",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}