{"url":"https://nivawealth.com/firms/pelican-investment-advisors-313227","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/313227","regulatoryAum":128500000,"crd":"313227","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4043639","suffix":null,"lastName":"BOUDREAUX","firstName":"BRET","middleName":"PATRICK"},{"crd":"5024914","suffix":null,"lastName":"COMER","firstName":"ALAN","middleName":"Bryant"},{"crd":"5120392","suffix":null,"lastName":"Davis","firstName":"Kathryn","middleName":"V"},{"crd":"4840930","suffix":null,"lastName":"DAVIS","firstName":"SEAN","middleName":"E"},{"crd":"1201520","suffix":null,"lastName":"Detlefs","firstName":"Philip","middleName":"Frank"},{"crd":"8348118","suffix":null,"lastName":"FORET","firstName":"BENTON","middleName":"ARDRE'"},{"crd":"4941962","suffix":"Jr.","lastName":"HARLEAUX","firstName":"LESLEY","middleName":"PAUL"},{"crd":"7587737","suffix":null,"lastName":"ONeill","firstName":"Sean","middleName":"Patrick"},{"crd":"5038681","suffix":null,"lastName":"RICHARDSON","firstName":"KEVIN","middleName":"BERNARD"},{"crd":"2340374","suffix":null,"lastName":"RICHARDSON","firstName":"RANDALL","middleName":"BERNARD"},{"crd":"3062026","suffix":null,"lastName":"ROBINSON-BIDWELL","firstName":"FRANCES","middleName":"A"},{"crd":"7626612","suffix":null,"lastName":"Taylor","firstName":"Russell","middleName":"Clay"}],"total":12,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-06-28","regulatoryAum":0,"clients":0,"employees":4,"offices":2},{"filedOn":"2026-06-30","regulatoryAum":128500000,"clients":270,"employees":12,"offices":5}],"secFileNumber":"801-136209","legalName":"Pelican 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quarter.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1040866","versionId":1040866,"submittedOn":"2026-04-09","documentName":"ADV II SUPPLEMENT"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:55:57.860818+00:00","documents":[{"name":"ADV II SUPPLEMENT","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1040866","versionId":1040866,"submittedOn":"2026-04-09"}]},"custodians":[{"name":"Charles Schwab","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":99800000}],"custodyNote":"Pelican Investment Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kathryn Davis","title":"Co-Managing Member/CCO","crd":"5120392"},{"name":"Sean Davis","title":"Co-Managing Member","crd":"4840930"},{"name":"Michelle Owens","title":"Co-Managing Member","crd":"6126748"},{"name":"Randall Richardson","title":"Co-Managing Member","crd":"2340374"},{"name":"Kevin Richardson","title":"Co-Managing Member","crd":"5038681"}],"ownership":[{"label":"Kathryn Davis","detail":"Co-managing member/cco in the 25% to 50% ownership band and a control person, since April 2021."},{"label":"Randall Richardson","detail":"Co-managing member in the 10% to 25% ownership band and a control person, since January 2021."},{"label":"Kevin Richardson","detail":"Co-managing member in the 10% to 25% ownership band and a control person, since January 2021."},{"label":"Michelle Owens","detail":"Co-managing member in the 10% to 25% ownership band and a control person, since January 2021."},{"label":"Sean Davis","detail":"Co-managing member in the 25% to 50% ownership band and a control person, since June 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":0},"listedOfficeAddresses":5,"foreignOffices":[],"officesByState":[{"state":"Louisiana","offices":4,"addresses":[{"street":"10307 Jefferson Highway, Suite A","city":"Baton Rouge","headquarters":true},{"street":"1048 Canal Boulevard","city":"Thibodaux"},{"street":"2140 8th Street","city":"Mandeville"},{"street":"42431 Pelican Professional Park","city":"Hammond"}]},{"state":"Texas","offices":1,"addresses":[{"street":"8201 SW 34th Ave., Ste. B","city":"Amarillo"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"225-293-9283","stateRegisteredReps":9,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Commissions"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":3},{"label":"U.S. government/agency bonds","percent":10},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":71},{"label":"Cash and cash equivalents","percent":10}],"privateFunds":0},"sources":{"adv1FilingDate":"30 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/313227/PDF/313227.pdf","brochureDate":"9 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1040866","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pelican Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pelican Investment Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Pelican Investment Advisors charge?","answer":"Pelican Investment Advisors charges up to 2.00% a year for its Asset Management. The fee is billed in arrears and is negotiable.","source":"ADV II SUPPLEMENT, filed 9 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Pelican Investment Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pelican Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Pelican Investment Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pelican Investment Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pelican Investment Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Pelican Investment Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}