# 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.

- CRD: 3711
- Filed as: WATERS, PARKERSON & CO., LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New Orleans, LA
- Filing period: October 2026
- Form ADV filing dated: May 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/3711
- AdvisorCensus page: https://advisorcensus.com/firm/waters-parkerson-and-co-llc-new-orleans-la-3711

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- 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

> 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 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,859,829,975
- Discretionary: $2,733,616,832
- Non-discretionary: $126,213,143

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 270 | $141,365,991 |
| High net worth individuals | 471 | $2,260,066,075 |
| Banking or thrift institutions | Fewer than 5 | $115,070,167 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $9,654,279 |
| Charitable organizations | 25 | $185,876,805 |
| Corporations or other businesses not listed above | 28 | $147,796,658 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1972 (54 years)
- Employees: 12 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, CO, FL, GA, LA, MS, NC, NY, SC, TN, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [watersparkerson.com](https://watersparkerson.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,108,496,468 | 12 | July 29, 2021 |
| October 2022 | $2,593,356,993 | 12 | June 14, 2022 |
| October 2023 | $2,302,559,870 | 12 | March 28, 2023 |
| October 2024 | $2,489,088,707 | 12 | September 20, 2024 |
| October 2025 | $2,685,703,913 | 12 | March 31, 2025 |
| October 2026 | $2,859,829,975 | 12 | May 26, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Registered or notice-filed in WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Waters, Parkerson & Co., LLC (CRD 3711): Form ADV filing data as of October 2026.