Pelican Investment Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Pelican Investment Advisors reports 270 clients. They include 190 individual clients, 40 high-net-worth individuals, and 40 pension and profit-sharing plans. Of its assets, 99.8% ($128M across 264 accounts) are managed with discretion; $200K across 8 accounts are not. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 21% |
| High-net-worth individuals | 15% | 50% |
| Pension and profit-sharing plans | 15% | 28% |
| Charitable organizations | Fewer than 5 | 1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 190 | $26.8M | 20.9% | $141K |
| High-net-worth individuals | 40 | $64.2M | 50.0% | $1.61M |
| Pension and profit-sharing plans | 40 | $36.2M | 28.2% | $905K |
| Charitable organizations | Fewer than 5 | $1.3M | 1.0% | — |
| Total | 270 | $129M | 100% | — |
- Clients
- 190
- Regulatory AUM
- $26.8M
- AUM share
- 20.9%
- Avg. per client
- $141K
- Clients
- 40
- Regulatory AUM
- $64.2M
- AUM share
- 50.0%
- Avg. per client
- $1.61M
- Clients
- 40
- Regulatory AUM
- $36.2M
- AUM share
- 28.2%
- Avg. per client
- $905K
- Clients
- Fewer than 5
- Regulatory AUM
- $1.3M
- AUM share
- 1.0%
- Avg. per client
- —
Total
- Clients
- 270
- Regulatory AUM
- $129M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Pelican Investment Advisors charges up to 2.00% a year for its Asset Management. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed hourly at $150 to $350 per hour or as a fixed fee of $100 to $20,000 per project.
- Subscription Retainer Services
- Subscription retainer services are billed quarterly in advance at $750 to $1,200 per quarter.
Kathryn Davis owns 25% to 50% of Pelican Investment Advisors. It has 12 employees, 10 of them in advisory roles.
Staff
- 12 employees
- 10 in advisory functions
- 9 state-registered reps
- 2 broker-dealer reps
- 10 insurance agents
- 1 soliciting firm
- Owns 25% to 50% of Pelican Investment Advisors, LLC
Kathryn Davis
Control person · since April 2021
- Owns 25% to 50% of Pelican Investment Advisors, LLC
Sean Davis
Control person · since June 2021
- Owns 10% to 25% of Pelican Investment Advisors, LLC
Randall Richardson
Control person · since January 2021
- Owns 10% to 25% of Pelican Investment Advisors, LLC
Kevin Richardson
Control person · since January 2021
- Owns 10% to 25% of Pelican Investment Advisors, LLC
Michelle Owens
Control person · since January 2021
Pelican Investment Advisors’ regulatory assets grew Infinity× from $0 (June 2021) to $129M (June 2026); employees rose from 4 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $129M | 270 | 12 | 5 |
| Jun 2021June 2021 | $0 | 0 | 4 | 2 |
Besides its headquarters, Pelican Investment Advisors has 4 offices, with 5 listed addresses across 2 states.
Louisiana · 4 listed addresses
- 10307 Jefferson Highway, Suite A, Baton RougeHQ
- 1048 Canal Boulevard, Thibodaux
- 2140 8th Street, Mandeville
- 42431 Pelican Professional Park, Hammond
Texas · 1 listed address
- 8201 SW 34th Ave., Ste. B, Amarillo
Contact and registration details
- Legal name
- Pelican Investment Advisors, LLC
- Headquarters
- 10307 Jefferson Highway, Suite A, Baton Rouge, LA 70809
- Website
- piawealth.com
- Phone
- 225-293-9283
- SEC file
- 801-136209
- Structure
- Louisiana LLC
- Fiscal year end
- December
Pelican Investment Advisors’ named custodian for separately managed accounts is Charles Schwab ($99.8M). Pelican Investment Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab · San Francisco, CA · $99.8M100%
At year end, Pelican Investment Advisors’ separately managed accounts were mostly in funds (71%) and bonds (16%).
What the accounts hold
- Stocks3%
- Funds71%
- Bonds16%
- U.S. government and agency bonds10%
- Investment grade corporate bonds5%
- State and local bonds1%
- Cash10%
How many clients does Pelican Investment Advisors have?
Pelican Investment Advisors has 270 clients and manages $129 million for them, as of June 2026. They include 190 individual clients, 40 high-net-worth individuals, and 40 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026
What services does Pelican Investment Advisors offer?
Pelican Investment Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Pelican Investment Advisors charge?
Pelican Investment Advisors charges up to 2.00% a year for its Asset Management. The fee is billed in arrears and is negotiable.
Which custodians does Pelican Investment Advisors use?
Pelican Investment Advisors’ separately managed account assets are held at Charles Schwab (San Francisco, CA), with $99.8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 June 2026
How many financial advisors does Pelican Investment Advisors have?
Pelican Investment Advisors has 9 investment adviser representatives registered with state securities authorities, out of 12 employees, and 10 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 10 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Pelican Investment Advisors invest in?
At the end of its last fiscal year, Pelican Investment Advisors’ separately managed accounts held 71% registered funds (mutual funds, ETFs, BDCs), 10% U.S. government and agency bonds, 10% cash and equivalents, 5% investment grade corporate bonds, 3% exchange-traded equities and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Pelican Investment Advisors?
Pelican Investment Advisors’ direct owners are Kathryn Davis, Randall Richardson, Kevin Richardson, Michelle Owens and Sean Davis, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 June 2026
How does Pelican Investment Advisors get paid?
Pelican Investment Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Pelican Investment Advisors?
Pelican Investment Advisors’ main office is at 10307 Jefferson Highway, Suite A, Baton Rouge, LA 70809. Its phone number is 225-293-9283. Its website is piawealth.com.
