Walter C. Flower & Co., Inc (New Orleans)

Walter C. Flower & Co., Inc is a large advisory firm based in New Orleans. It manages $465.86 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Louisiana.

Walter C. Flower & Co. provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Walter C. Flower & Co.: assets under management

The assets under management (AUM) of Walter C. Flower & Co., Inc is $465.86 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $462.64 million in discretionary accounts and $3.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.61 million.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Walter C. Flower & Co., Inc for their services and products based on a percentage of assets under management. 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.

What kind of clients Walter C Flower serves?

The only and largest group of clients of Walter C Flower is high net worth individuals with 42 clients and $465.86 million of assets under management. Among the 12 most similar advisory firms, Walter C. Flower & Co. has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $465.86 million for 42 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Walter C. Flower & Co. doesn't advise any private funds.

Careers at Walter C. Flower & Co., Inc

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Walter C Flower has been acting as President since 1 Aug 1978. Samuel P Schwing joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Walter C Flower	President	1 Aug 1978	50% - 75%	5241154
Peter Schwing Howard	Vice president	1 Sep 2004	25% - 50%	820015
Samuel P Schwing	Chief compliance officer	1 Oct 2011	Other	2341072

Based in New Orleans

The principal office where Walter C. Flower & Co., Inc performs its advisory services is located at 408 Magazine Street, New Orleans, LA 70130 2435, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 504-524-8276 or by fax 504-524-8657. The normal business hours are 8:30am-4;30pm on Monday - Friday.