Fpl Capital Management, LLC (Metairie)

Name: Fpl Capital Management, LLC
Address: 3525 North Causeway Boulevard, Metairie, LA, 70002
Telephone: 504-828-1969

Fpl Capital Management, LLC is a large advisory firm based in Metairie. It manages $434.33 million of regulatory assets for 954 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Louisiana, and 4 other states.

Fpl Capital Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as real estate holding company.

Fpl Capital Management: assets under management

The assets under management (AUM) of Fpl Capital Management, LLC is $434.33 million. The firm's AUM has grown by 242% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $237.11 million in discretionary accounts and $197.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $861.22 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fpl Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Michael David George serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael David George is high net worth individuals with 86 clients and $338.94 million of assets under management. Among the 11 most similar advisory firms, Fpl Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $434.33 million for 167 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.

Fpl Capital Management doesn't advise any private funds.

Careers at Fpl Capital 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. 3 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.

Michael David George has been acting as President since 1 Sep 1997. Virajith Yaminda Wijeweera joined the executive team most recently as the Director Of Operations/ Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael David George	President	1 Sep 1997	75% - 100%	2162546
Virajith Yaminda Wijeweera	Director of operations/ chief compliance officer	1 Dec 2004	Other	5611570

Based in Metairie

The principal office where Fpl Capital Management, LLC performs its advisory services is located at 3525 North Causeway Boulevard, Metairie, LA 70002, 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 504-828-1969 or by fax 504-828-1973. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at fplcapital.com and its LinkedIn profile.