Hubbell Strickland Wealth Management, LLC (New Orleans)

Hubbell Strickland Wealth Management, LLC is a large advisory firm based in New Orleans. It manages $363.24 million of regulatory assets for 830 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, Louisiana, Mississippi, Tennessee, and Texas.

Hubbell Strickland Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hubbell Strickland Wealth Management: assets under management

The assets under management (AUM) of Hubbell Strickland Wealth Management, LLC is $363.24 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $334.03 million in discretionary accounts and $29.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $406.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.25 million.

Hubbell Strickland Wealth Management has custody of $62.75 million in cash and securities for 101 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hubbell Strickland Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hubbell Strickland Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Hubbell Strickland Wealth Management is high net worth individuals with 93 clients and $255.14 million of assets under management. Among the 10 most similar advisory firms, Hubbell Strickland Wealth Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $363.24 million for 353 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hubbell Strickland Wealth Management doesn't advise any private funds.

Careers at Hubbell Strickland Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Todd Steven Hubbell	Chief compliance officer	1 Apr 2019	Other	5787522
Llc Tsh Capital Management	Owner	1 Apr 2019	Other	83-3883571
Llc Strickland Capital Management	Owner	1 Apr 2019	Other	83-3900132
Llc Hubbell Capital Management	Owner	1 Apr 2019	50% - 75%	47-2633309
Carson Wayne Strickland	Chief compliance officer	1 Jul 2019	Other	5909996

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Carson Wayne Strickland	Sole member	1 Apr 2019	75% - 100%	5909996
Steven John Hubbell	Managing member	1 Apr 2019	75% - 100%	1238914

Based in New Orleans

The principal office where Hubbell Strickland Wealth Management, LLC performs its advisory services is located at 1100 Poydras Street, New Orleans, LA 70163, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 504-832-3921. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.