Waters, Parkerson & Co., LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$2,401,432,066
Clients
741
Advisors
7
across 2 offices
About
Waters, Parkerson & Co. serves individuals, business entities, trusts, estates and charitable organizations and offers discretionary and non-discretionary investment advisory services, financial planning, and related consulting and implementation. The firm’s brochure also describes engagements with ERISA retirement plans and trustee services, indicating it provides both individual and plan-level advisory work.
The firm manages assets on a fee-only, percentage-of-AUM basis and implements portfolios using fundamental analysis with both long- and short-term purchases, while treating cash as an asset class when appropriate. It typically recommends Schwab as custodian, conducts ongoing account reviews, and discloses use of technology — including governed AI tools — to support research and client service processes.
Compared with many peers, Waters, Parkerson combines a relatively small advisor team with more than $2 billion in reported AUM and offers trustee services that can trigger annual surprise CPA examination requirements for certain engagements. The brochure also details business-entity and plan-oriented operational arrangements (asset-transfer authorizations, proxy-voting processes, and class-action support options) and explicitly reports relationships consistent with serving banking or thrift institution clients.
Client services
Expertise
Fee options
Flat fees may be charged at Registrant's discretion based on criteria such as anticipated future earning capacity, complexity, negotiations, etc.
$0 - $1,000,000: 1.00% $1,000,000 - $5,000,000: 0.75% $5,000,000+: 0.50%
Account minimum: $10,000 Minimum fee: Minimum annual fee of $10,000, negotiable Fee-only: Fees are charged on a fee-only basis, no commissions
Main office
See office601 Poydras Street, Suite 2210
New Orleans LA 70130-6013
Advisors at this office
4
Offices (2)
Most active in
Alabama · Arizona · California · Colorado · Florida · Georgia · Louisiana · Mississippi · New York · North Carolina · South Carolina · Tennessee · Texas · Virginia · Washington
Also doing business as
Waters Parkerson & Co Inc. · Waters, Parkerson & Co Inc. · Waters, Parkerson & Co., Inc. · Waters, Parkerson & Co., 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 not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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.
Advisors at this firm
Todd J
Series 65
New Orleans, LA
Waters, Parkerson & Co., LLC
Todd Johnson is a financial advisor at Waters, Parkerson & Co., LLC in New Orleans, LA, holding a Series 65 designation with four years of industry experience. He previously worked at IberiaBank from 2015 to 2021 before joining his current firm in 2021. Waters, Parkerson & Co., LLC provides discretionary and non-discretionary investment advisory and portfolio management services to individuals, business entities, trusts, estates, and charitable organizations. The firm employs fundamental analysis with long- and short-term strategies across various asset classes and offers additional consulting on estate, tax, and insurance matters as well as trustee services.
John R
Series 65
New Orleans, LA
Waters, Parkerson & Co., LLC
John Rive III is a financial advisor with Waters, Parkerson & Co., LLC in New Orleans, LA. He holds a Series 65 designation and joined the firm in 2025. Prior to his advisory role, he was affiliated with the University of Alabama and the Isidore Newman School. Waters, Parkerson & Co. serves individuals, business entities, trusts, estates, and charitable organizations by providing discretionary and non-discretionary investment advisory services, financial planning, and related consulting. The firm manages assets on a fee-only basis, uses fundamental analysis for portfolio management, and offers trustee services and plan-level advisory work.
Jonathan M
CFA®, Series 66
New Orleans, LA
Waters, Parkerson & Co., LLC
Jonathan Montgomery is a CFA® charterholder with 22 years of industry experience. He has been with Waters, Parkerson & Co., LLC since 2001. The firm provides discretionary and non-discretionary investment advisory and portfolio management services to individuals, business entities, trusts, estates, and charitable organizations. Waters, Parkerson employs fundamental analysis and a mix of long- and short-term strategies across multiple asset classes while treating cash as an asset for defensive positioning.
Lee E
CFP®, Series 65
New Orleans, LA
Waters, Parkerson & Co., LLC
Lee Eagan is a CFP® certificant with 13 years of experience in financial advising. He has been with Waters, Parkerson & Co., LLC since 2013. Waters, Parkerson & Co. provides advisory services to individuals, business entities, trusts, estates, and charitable organizations, including ERISA retirement plans and trustee services. The firm employs fundamental analysis for portfolio management and uses technology, including AI tools, to support research and client service.
Michael W
Series 63, Series 65
New Orleans, LA
Waters, Parkerson & Co., LLC
Michael Whealdon is a financial advisor at Waters, Parkerson & Co., LLC with 34 years of industry experience. He holds the Series 63 and Series 65 designations and has been with Waters, Parkerson & Co., Inc. since 1983. Waters, Parkerson & Co., LLC provides discretionary and non-discretionary investment advisory and portfolio management services to individuals, business entities, trusts, estates, and charitable organizations. The firm’s investment approach combines fundamental analysis with long- and short-term strategies across multiple asset classes, including equities, fixed income, mutual funds, and ETFs, while treating cash as an asset class for defensive positioning.
Devin W
Series 65
New Orleans, LA
Waters, Parkerson & Co., LLC
Devin Wakeman is a financial advisor with Waters, Parkerson & Co., LLC in New Orleans, LA, holding a Series 65 credential and 19 years of industry experience. He has been with Waters, Parkerson & Co., Inc. since 2007. Waters, Parkerson & Co. provides investment advisory services, financial planning, and related consulting to individuals, business entities, trusts, estates, and charitable organizations. The firm offers both discretionary and non-discretionary management, including ERISA retirement plan and trustee services, and uses fundamental analysis in portfolio management while incorporating technology such as governed AI tools to support research and client service.
David P
Series 63, Series 65
New Orleans, LA
Waters, Parkerson & Co., LLC
David Pointer is a financial advisor at Waters, Parkerson & Co., LLC with 34 years of industry experience. He has been with Waters, Parkerson & Co., Inc. since 1982. He holds the Series 63 and Series 65 designations. Waters, Parkerson & Co., LLC provides discretionary and non-discretionary investment advisory and portfolio management services to individuals, business entities, trusts, estates, and charitable organizations. The firm employs fundamental analysis and a mix of long- and short-term strategies across multiple asset classes, while also offering related consulting on estate, tax, and insurance matters as well as trustee services.
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