David Thomas
David Thomas is a registered investment advisor at Equitas Capital Advisors,llc, based in New Orleans, LA, with 44 years of industry experience. David 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
Get directionsHistory
Regulatory History (4)
Regulatory
October 2013Customer Dispute
August 1998Customer Dispute
August 1997Customer Dispute
August 1992Other Business Activities
David is the CEO of Equitas Capital Advisors LLC, an RIA, and a managing partner at Equitas Partners LLC. He is also the managing member of the general partner for Equitas Evergreen Fund, LP, where he acts as portfolio advisor, investment committee member, marketer, and chief compliance officer.
Employment History
Current Registrations
Equitas Capital Advisors,llc
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Pan-American Investment Advisers, INC.
Pan-American Financial AdvisersBroker
Prudential Securities Incorporated
Prudential Securities IncorporatedBroker
Painewebber IncorporatedBroker
United Capital Securities, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.