Waters, Parkerson & Co. provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Waters, Parkerson & Co. reports 794 clients. They include 471 high-net-worth individuals, 270 individual clients, and 28 corporations and other businesses. Of its assets, 95.6% ($2.73B across 1,862 accounts) are managed with discretion; $126M across 54 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 34% | 5% |
| High-net-worth individuals | 59% | 79% |
| Banking or thrift institutions | Fewer than 5 | 4% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | 3% | 6% |
| Other client typesCorporations and other businesses | 4% | 5% |
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) | 270 | $141M | 4.9% | $524K |
| High-net-worth individuals | 471 | $2.26B | 79.0% | $4.8M |
| Banking or thrift institutions | Fewer than 5 | $115M | 4.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $9.65M | 0.3% | — |
| Charitable organizations | 25 | $186M | 6.5% | $7.44M |
| Corporations and other businesses | 28 | $148M | 5.2% | $5.28M |
| Total | 794 | $2.86B | 100% | — |
- Clients
- 270
- Regulatory AUM
- $141M
- AUM share
- 4.9%
- Avg. per client
- $524K
- Clients
- 471
- Regulatory AUM
- $2.26B
- AUM share
- 79.0%
- Avg. per client
- $4.8M
- Clients
- Fewer than 5
- Regulatory AUM
- $115M
- AUM share
- 4.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $9.65M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 25
- Regulatory AUM
- $186M
- AUM share
- 6.5%
- Avg. per client
- $7.44M
- Clients
- 28
- Regulatory AUM
- $148M
- AUM share
- 5.2%
- Avg. per client
- $5.28M
Total
- Clients
- 794
- Regulatory AUM
- $2.86B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Waters, Parkerson & Co. charges 0.50%–1.00% a year for its Investment Advisory Services. The fee is billed in arrears and has a $10,000 annual minimum.
Fee details and sources
Jonathan Montgomery owns 25% to 50% of Waters, Parkerson & Co.. The leadership team of Waters, Parkerson & Co. includes Chief Compliance Officer Julia Burlingame. It has 12 employees, 6 of them in advisory roles.
Leadership
- Julia BurlingameChief Compliance Officer
- David PointerPartner
- Michael WhealdonPartner
- Jonathan MontgomeryCo-Managing Partner
- Devin WakemanCo-Managing Partner
- Lee EaganPartner
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Lee Reiss Eagan
- Todd Bennett Johnson JR.
- Jonathan Baldwin Montgomery
- David Taylor Pointer
- John Sanford Rive III
- Devin John Wakeman
- Michael Burton Whealdon
Staff
- 12 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 25% to 50% of Waters, Parkerson & Co., LLC
Jonathan Montgomery
Control person · since January 2020
- Owns 25% to 50% of Waters, Parkerson & Co., LLC
Devin Wakeman
Control person · since January 2020
- Owns 10% to 25% of Waters, Parkerson & Co., LLC
David Pointer
Control person · since January 2000
- Owns 10% to 25% of Waters, Parkerson & Co., LLC
Michael Whealdon
Control person · since January 2000
- Owns 10% to 25% of Waters, Parkerson & Co., LLC
Lee Eagan
Control person · since January 2022
Waters, Parkerson & Co.’s regulatory assets grew from $2.11B (July 2021) to $2.86B (May 2026); clients were 794 in both filings and employees were 12 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $2.86B | 794 | 12 | 1 |
| March 2025 | $2.69B | 801 | 12 | 1 |
| March 2024 | $2.49B | 831 | 12 | 1 |
| March 2023 | $2.3B | 825 | 12 | 1 |
| June 2022 | $2.59B | 806 | 12 | 1 |
| July 2021 | $2.11B | 791 | 12 | 1 |
Besides its headquarters, Waters, Parkerson & Co. has 0 offices, with 1 listed address in Louisiana.
Louisiana · 1 listed address
- 601 Poydras Street, Suite 2210, New OrleansHQ
Contact and registration details
- Legal name
- Waters, Parkerson & Co., LLC
- Headquarters
- 601 Poydras Street, Suite 2210, New Orleans, LA 70130-6013
- Website
- watersparkerson.com
- Phone
- 504-581-2022
- SEC file
- 801-8754
- Founded
- 1933
- Structure
- Delaware LLC
- Fiscal year end
- December
Waters, Parkerson & Co. uses Charles Schwab ($2.69B) as custodian for its separately managed accounts. Waters, Parkerson & Co. has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.69B100%
At year end, Waters, Parkerson & Co.’s separately managed accounts were mostly in stocks (70%) and bonds (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.03B across 200 positions; the largest are Coherent Corp. (6.2%), JPMORGAN Chase & CO (5.3%) and Visa Inc. (5.0%).
What the accounts hold
- Stocks70%
- Funds5%
- Bonds18%
- Investment grade corporate bonds11%
- State and local bonds5%
- U.S. government and agency bonds2%
- Cash7%
Reported 13F holdings
- $2.03B
- Reported 13F value
- 200
- Positions
- 42.5%
- In the 10 largest
- +4.2%
- Value vs. prior quarter
- Coherent Corp.6.2%
- JPMORGAN Chase & CO5.3%
- Visa Inc. · Com CL A5.0%
- Meta Platforms Inc. · CL A4.2%
- Rockwell Automation Inc.4.0%
- Microsoft Corp.3.9%
- Thermo Fisher Scientific Inc.3.9%
- Exxon Mobil Corp.3.6%
- Home Depot Inc.3.3%
- Bank OF Amer Corp.3.1%
Together, the ten largest are 42.5% of reported value.
How many clients does Waters, Parkerson & Co. have?
Waters, Parkerson & Co. has 794 clients and manages $2.86 billion for them, as of May 2026. They include 471 high-net-worth individuals, 270 individual clients, and 28 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 May 2026
What services does Waters, Parkerson & Co. offer?
Waters, Parkerson & Co. provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Waters, Parkerson & Co. charge?
Waters, Parkerson & Co. charges 0.50%–1.00% a year for its Investment Advisory Services. The fee is billed in arrears and has a $10,000 annual minimum.
Which custodians does Waters, Parkerson & Co. use?
Waters, Parkerson & Co.’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.69B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 May 2026
How many financial advisors does Waters, Parkerson & Co. have?
Waters, Parkerson & Co. has 6 investment adviser representatives registered with state securities authorities, out of 12 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Waters, Parkerson & Co. invest in?
At the end of its last fiscal year, Waters, Parkerson & Co.’s separately managed accounts held 70% exchange-traded equities, 11% investment grade corporate bonds, 7% cash and equivalents, 5% state and local bonds, 5% registered funds (mutual funds, ETFs, BDCs) and 2% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Waters, Parkerson & Co.?
Waters, Parkerson & Co.’s direct owners are David Pointer, Michael Whealdon, Jonathan Montgomery, Devin Wakeman and Lee Eagan, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 26 May 2026
How does Waters, Parkerson & Co. get paid?
Waters, Parkerson & Co. is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or 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
Is Waters, Parkerson & Co. registered with the SEC?
Yes, Waters, Parkerson & Co. has been registered with the SEC as an investment adviser since 29 June 1972. Its CRD number is 3711 and its SEC file number is 801-8754.
Source: Form ADV Part 1A, Item 1, filed 26 May 2026; IAPD firm record
How do I contact Waters, Parkerson & Co.?
Waters, Parkerson & Co.’s main office is at 601 Poydras Street, Suite 2210, New Orleans, LA 70130-6013. Its phone number is 504-581-2022. Its website is watersparkerson.com.