AdvisorCensus / Financial advisors / Louisiana / New Orleans / Waters, Parkerson & Co., LLC
Waters, Parkerson & Co., LLC is an SEC-registered investment advisory firm in New Orleans, LA, registered since 1972, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 26, 2026.
Quick answers
From the filingHow is Waters, Parkerson & Co., LLC compensated?
On its Form ADV (Item 5.E, October 2026), Waters, Parkerson & Co., LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
How much does Waters, Parkerson & Co., LLC charge?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $1,000,000: 1% a year; $1,000,000 to $5,000,000: 0.75% a year; Above $5,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Waters, Parkerson & Co., LLC located?
Waters, Parkerson & Co., LLC's principal office is in New Orleans, LA, according to its Form ADV.
Is Waters, Parkerson & Co., LLC registered with the SEC or a state?
Waters, Parkerson & Co., LLC is an SEC-registered investment advisory firm, registered since 1972. Status as filed: Approved. CRD 3711.
How much does Waters, Parkerson & Co., LLC manage?
Waters, Parkerson & Co., LLC reports $2,859,829,975 in regulatory assets under management in its Form ADV filing dated May 26, 2026 (96% discretionary).
How have Waters, Parkerson & Co., LLC's assets and staff changed since 2021?
In the Form ADV data for Waters, Parkerson & Co., LLC: Regulatory assets under management: $2,108,496,468 in the October 2021 data and $2,859,829,975 in the October 2026 data, up 36%. Total employees: 12 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Waters, Parkerson & Co., LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (471); individuals (other than high net worth individuals) (270); corporations or other businesses not listed above (28).
Which custodians does Waters, Parkerson & Co., LLC use?
Waters, Parkerson & Co., LLC'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.
Does Waters, Parkerson & Co., LLC report any disciplinary disclosures?
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/3711
What changed in Waters, Parkerson & Co., LLC's recent Form ADV filings?
In the March 2026 filing data: Registered or notice-filed in WA.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $1,000,000 | 1% |
| $1,000,000 to $5,000,000 | 0.75% |
| Above $5,000,000 | 0.5% |
The brochure's wording
The Registrant’s annual investment advisory fee is based upon a percentage (%) of the market value of the assets placed under the Registrant’s management (between negotiable and 1.00%) as follows: Market Value of Portfolio % of Assets Initial $1,000,000 1.00% From $1,000,000 to $5,000,000 0.75% Amounts over $5,000,000 0.50%
Minimum annual fee: $10,000
The brochure's wording
*The above fee schedule is subject to a minimum annual fee of $10,000-see disclosure at Item 5 below
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$2,859,829,975 as of October 2026, filing dated May 26, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1972 (54 years)
- Employees
- Total: 12. Performing investment advisory functions: 6.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
15 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,859,829,975 | 12 | May 26, 2026 |
| October 2025 | $2,685,703,913 | 12 | March 31, 2025 |
| October 2024 | $2,489,088,707 | 12 | September 20, 2024 |
| October 2023 | $2,302,559,870 | 12 | March 28, 2023 |
| October 2022 | $2,593,356,993 | 12 | June 14, 2022 |
| October 2021 | $2,108,496,468 | 12 | July 29, 2021 |
Regulatory assets under management: $2,108,496,468 in the October 2021 data and $2,859,829,975 in the October 2026 data, up 36%.
Total employees: 12 in October 2021 and 12 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Registered or notice-filed in WA.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Waters, Parkerson & Co., LLC (CRD 3711): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/waters-parkerson-and-co-llc-new-orleans-la-3711