Resource Management, LLC (Metairie)

Name: Resource Management, LLC
Address: 3330 West Esplanade Ave, Metairie, LA, 70002
Telephone: 504-833-5378

Resource Management, LLC is a large advisory firm based in Metairie. It manages $1.15 billion of regulatory assets for 484 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Louisiana, North Carolina, and Texas.

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

Resource Management: assets under management

The assets under management (AUM) of Resource Management, LLC is $1.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 40% since the beginning of its operation, and $3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.15 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.38 million each.

Resource Management has custody of $21.97 million in cash and securities for 7 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 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resource 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 Resource Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Resource Management is high net worth individuals with 398 clients and $1.05 billion of assets under management. Among the 8 most similar advisory firms, Resource Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.14 billion for 483 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Resource Management doesn't advise any private funds.

Careers at Resource 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Randolph Waesche	Managing member, chief compliance officer	1 Jun 1980	Other	713589
Michael Nash Zabalaoui	Officer	1 Jun 2005	Other	1281467
Llc Family Wealth Management	Owner	1 Jun 2005	75% - 100%	72-1439087

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Waesche Fun Trust	Megan, beatrice, and rachel waesche co-trustees	1 Jun 2005	75% - 100%	72-1439087

Based in Metairie

The principal office where Resource Management, LLC performs its advisory services is located at 3330 West Esplanade Ave, 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 504-833-5378 or by fax 504-833-5951. The normal business hours are 9:00 am - 5:00 pm cdst on Monday - Friday. You can find more information about the New York firm at rmiadvisors.com.