Second Line Capital, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$666,156,924
Clients
1,127
Advisors
24
across 3 offices
About
Second Line Capital serves individuals (including high‑net‑worth clients), trusts, estates, retirement plans, and business entities with investment and wealth management, financial planning, and retirement plan consulting. The firm provides discretionary and non‑discretionary portfolio management, directs allocations among mutual funds, ETFs, individual securities and Independent Managers, and advises on held‑away products such as variable insurance and retirement plan assets.
Advisers tailor client solutions through direct IAR recommendations, firm‑managed model portfolios, and third‑party managers, and make use of multiple sponsored advisory platforms (including LPL programs and an algorithm‑based Guided Wealth offering via a third party). Accounts are monitored on an ongoing basis with at least annual reviews, and the firm’s supervised persons may implement recommendations through both advisory arrangements and commissionable brokerage or insurance channels.
What is distinctive for a firm of this size is that Second Line operates from five or more offices, sponsors its own wrap‑fee program (SWM II), and has supervised persons who are licensed insurance agents and dually registered with a broker‑dealer—arrangements the brochure discloses can give rise to conflicts of interest. The firm’s ownership structure (wholly owned by First Line Capital LLC, which also owns another advisory brand), its rapid asset growth since launching in 2023 to over $1.3 billion, and custodial relationships with LPL, Charles Schwab and Raymond James are also highlighted as material business features in its disclosure.
Client services
Expertise
Occupation focus
Fee options
Fixed fees for financial planning and consulting services, up to $15,000, negotiable.
$0+: up to 2.00% annually, negotiable based on factors such as services, account size, and others (maximum 200 basis points) $50,000+: up to 3.0% annually for LPL Manager Access Select Program $10,000+: up to 2.5% annually for LPL Optimum Market Portfolios Program (OMP) $250,000+: up to 2.5% annually for LPL Personal Wealth Portfolios Program (PWP) $25,000+: up to 2.65% annually for LPL Model Wealth Portfolios Program (MWP) N/A+: 0.95% annually for LPL Small Market Solution (SMS) Program $5,000+: 1.35% annually for LPL Guided Wealth Portfolios (GWP)
Securities brokerage services offered by certain supervised persons as registered representatives with LPL under separate commission-based arrangements.
Up to $150 per hour for financial planning and consulting services.
Fee-only: Fixed fees up to $15,000 for financial planning; hourly fees up to $150/hour; fees are negotiable and can be for defined projects or ongoing services.
Main office
See office2800 Veterans Memorial Blvd., Suite 220
Metairie LA 70002
Advisors at this office
22
Offices (3)
Most active in
Alabama · California · Connecticut · Florida · Georgia · Louisiana · Michigan · Mississippi · Oklahoma · Texas · Virginia
Also doing business as
Atchley Wealth Management · Combest Financial Services · Elbridge Advisors, LLC · Faubourg Private Wealth · Musso Retirement Advisors · Second Line Capital, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
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