Whitney Bank is a large advisory firm based in New Orleans. It manages $1.3 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2015.
Whitney Bank provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Whitney Bank is $1.3 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Whitney Bank for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Whitney Bank is investment companies with 10 clients and $1.3 billion of assets under management. Among the 10 most similar advisory firms, Whitney Bank has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $1.3 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.
Whitney Bank doesn't advise any private funds.
The company employs 37 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
David John Lundgren has served as the Chief Investment Officer since 1 Aug 2016. John Mario Rigney joined the executive team most recently as the Chief Compliance Officer.
The principal office where Whitney Bank performs its advisory services is located at 228 St. Charles Avenue, New Orleans, LA 70130, which is also the mailing address of the firm. An additional office of the firm is in Gulfport, MS. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (504) 299-5168 or by fax 504-299-5081. The normal business hours are 8:00 am to 5:00 pm cst on Monday - Friday.