Matthew Larochelle is a registered investment advisor at Bankplus Wealth Advisors, based in Jackson, MS, with 5 years of industry experience. Matthew operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 500 clients with $190M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
BankPlus Wealth Advisors (BWA) and BankPlus Digital Advisor (BDA) charge a percentage of your portfolio each year. The rate decreases as the amount you invest increases. Fees may be negotiable for larger accounts.
Securities Account AUM
- First $1,000,000: 1.00% per year
- Next $1,000,000: 0.80% per year
- Next $3,000,000: 0.70% per year
- Over $5,000,000: Negotiated
Fixed Income Securities Only AUM
- First $1,000,000: 0.60% per year
- Next $1,000,000: 0.50% per year
- Next $3,000,000: 0.40% per year
- Over $5,000,000: Negotiated
Brokered CDs/Treasury/Agency Securities Only AUM
- First $2,000,000: 0.40% per year
- Next $3,000,000: 0.35% per year
- Over $5,000,000: Negotiated
Custody Account Assets
- First $1,000,000: 0.50% per year
- Next $1,000,000: 0.40% per year
- Next $3,000,000: 0.30% per year
- Over $5,000,000: Negotiated
BWA occasionally directs clients to third-party money managers through a managed account program. Fees for these services are in addition to BPWM's advisory fees.
Location
1200 Eastover Drive, Suite 300, Jackson, MS, 39211
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Matthew is a Maritime Enforcement Specialist in the United States Coast Guard Reserve since 2012, dedicating a few hours per week to this role. This activity is not investment-related.
Employment History
Current Registrations
Bankplus Wealth Advisors
Previous Registrations
First Command Advisory Services
First Command Brokerage Services, INC.Broker
State Registrations2 states
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