Stokes Family Office LLC (New Orleans)

Stokes Family Office LLC is a large advisory firm based in New Orleans. It manages $997.13 million of regulatory assets for 1,038 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Florida, Louisiana, Mississippi, and Texas.

Stokes Family Office provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stokes Family Office: assets under management

The assets under management (AUM) of Stokes Family Office LLC is $997.13 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $997.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $960.63 thousand each.

Stokes Family Office has custody of $350.39 million in cash and securities for 76 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stokes Family Office LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stokes Family Office serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Stokes Family Office is high net worth individuals with 170 clients and $696.14 million of assets under management. Among the 9 most similar advisory firms, Stokes Family Office has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $997.13 million for 448 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.

Stokes Family Office doesn't advise any private funds.

Careers at Stokes Family Office LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
L.L.C. David C. Stokes	Member	1 Feb 2019	75% - 100%	83-3656874
Douglas Matthew Stokes	Partner	1 Feb 2019	Other	5974369
Gregory John Stokes	Partner & chief compliance officer	1 Feb 2019	Other	5884268
David Carl Stokes	Partner	1 Feb 2019	Other	1206789

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Carl Stokes	Member	1 Oct 2014	50% - 75%	1206789
Gregory John Stokes	Member	1 Jan 2018	25% - 50%	5884268
Douglas Matthew Stokes	Member	1 Jan 2018	25% - 50%	5974369

Based in New Orleans

The principal office where Stokes Family Office LLC performs its advisory services is located at 1100 Poydras St, New Orleans, LA 70163, 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) 399-4100 or by fax (504) 399-8415. The normal business hours are 8am - 5pm ct on Monday - Friday.