Derek Fossier is a registered investment advisor at Equitas Capital Advisors,llc, based in New Orleans, LA, with 12 years of industry experience. Derek operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 45 clients with $200M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Equitas Capital Advisors does not directly manage investments for individual clients. Instead, they recommend third-party investment managers. Clients may participate in a managed account wrap-fee program (MAP) through Pershing Advisor Solutions, LLC, where fees range from 0.70% to 2.15% of assets, paid quarterly in advance. Equitas receives a portion of this wrap fee, which is used to offset the client's consulting fees. If the offset is greater than the consulting fee, Equitas retains the remaining balance at the end of the year.
Location
365 Canal Street, Suite 3050, New Orleans, LA, 70130
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Derek is a partial owner in Crescent City Clearing, a real estate development company. He spends a few hours per week on property research, management, and bill payment.
Employment History
Current Registrations
Equitas Capital Advisors,llc
State Registrations2 states
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