Montz Harcus Wealth Management LLC (New Orleans)

Montz Harcus Wealth Management LLC is a large advisory firm based in New Orleans. It manages $271.31 million of regulatory assets for 457 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.

Montz Harcus Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and project consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Montz Harcus Wealth Management: assets under management

The assets under management (AUM) of Montz Harcus Wealth Management LLC is $271.31 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 $230.69 million in discretionary accounts and $40.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $508.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.54 million.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is state and local bonds, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Montz Harcus Wealth 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 Christine Champagne Montz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Christine Champagne Montz is high net worth individuals with 78 clients and $174.81 million of assets under management. Among the 13 most similar advisory firms, Montz Harcus Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.78 million for 237 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.

Montz Harcus Wealth Management doesn't advise any private funds.

Careers at Montz Harcus Wealth Management LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Christine Champagne Montz has been acting as President since 1 Apr 2019. Alexander Bruce Harcus joined the executive team most recently as the Member/Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christine Champagne Montz	Managing member/president	1 Apr 2019	75% - 100%	xxx-xx-xxxx
Alexander Bruce Harcus	Member/vice president/chief compliance officer	1 Apr 2019	Other	xxx-xx-xxxx

Based in New Orleans

The principal office where Montz Harcus Wealth Management LLC performs its advisory services is located at 610 City Park Avenue, New Orleans, LA 70119, 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 504-488-3700 or by fax 504-483-0398. The normal business hours are 8am-5pm on Monday - Friday.