Freegulliver, L.L.C.
SEC-registered
Insurance-Affiliated · Small ($100M–$1B)
CRD 117040
· SEC file 801-65870
· New Orleans, LA
· WWW.FREEGULLIVER.COM
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ADV data as of Jul 14, 2026
- Regulatory AUM
- $837M
- Discretionary
- $549M
- Clients
- 221
- Avg AUM / client
- $3.8M
- Accounts
- 584
- Employees
- 17
AUM over time
$209M
$837M
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 14, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 83 | $20.4M | 2.44% |
| High net worth individuals | 87 | $507M | 60.6% |
| Pooled investment vehicles (non-investment companies) | 35 | $268M | 32.0% |
| Pension and profit sharing plans | 11 | $19.5M | 2.33% |
| Charitable organizations | 1 | $9.0M | 1.07% |
| Corporations and other businesses | 4 | $13.1M | 1.57% |
Private funds (35)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $197M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Laurel Pe Fund Ii Llc | Private Equity Fund | Louisiana | $51.8M | 79 |
| Laurel Pe Fund I Llc | Private Equity Fund | Louisiana | $44.5M | 68 |
| Gulliverone Limited Partnership | Hedge Fund | Delaware | $23.7M | 36 |
| Laurel Arbor I Llc | Private Equity Fund | Louisiana | $5.9M | 40 |
| Quotidian Investment Fund Llc | Hedge Fund | Delaware | $5.4M | 76 |
| Elcano Hedged Equity Fund, Llc | Hedge Fund | Delaware | $5.1M | 53 |
| Lemuel Two, L.L.C. | Private Equity Fund | Louisiana | $4.3M | 20 |
| Santa Rosa Investment Fund, Llc | Hedge Fund | Florida | $4.1M | 53 |
| Elcano Market Neutral Fund, Llc | Hedge Fund | Delaware | $4.0M | 53 |
| Laurel Bain Llc | Private Equity Fund | Louisiana | $4.0M | 41 |
| Fff15 Investments Llc | Private Equity Fund | Louisiana | $3.5M | 16 |
| Lemuel Vi, Llc | Venture Capital Fund | Louisiana | $3.4M | 30 |
| Lemuel Viii, Llc | Private Equity Fund | Louisiana | $3.2M | 31 |
| Octavia Acm Braselton Llc | Real Estate Fund | Louisiana | $3.0M | 16 |
| Fff16 Investments Llc | Private Equity Fund | Louisiana | $3.0M | 24 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Tsp Institute, Inc. 401(k) Plan Tsp Institute, Inc. | 2024 | |
| Open Pep 2 Plan Professionals Llc | Shrewsbury, NJ | 2024 |
| Associated Builders And Contractors, Inc. Retirement & Savings Plan Associated Builders And Contractors, Inc. | 2024 | |
| Schonberg & Associates Retirement Savings Plan D.C. Schonberg & Associates Llc | 2024 | |
| Tmc 401(k) Retirement Savings Plan Therapy Management Corporation | 2024 |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Frank Friedler | Managing Member/Chief Compliance Officer/Chief Executive Officer | Chartered Financial Consultant | Mar 2001 (25y) | 25% – 50% |
| Guttenberg, Denise, Anne | Member/Consultant | Mar 2007 (19y) | 5% – 10% | |
| Michael Allen Kirschman | Member, Co Owner, Investment Adviser Representative | Apr 2013 (13y) | 25% – 50% | |
| Eric Michael Deroche | Member | CFA | Nov 2016 (10y) | 5% – 10% |
| Clifford Strauss Mintz | Registered representative | Feb 2019 (7y) | ||
| Andrew Troy Hansel | Registered representative | CFA | Mar 2022 (4y) | |
| Amanda Marie Kiefer | Registered representative | Feb 2023 (3y) | ||
| John Walton Barton | Registered representative | Dec 2025 (1y) | ||
| Raymond Michel Rathle | Registered representative | Mar 2026 (0y) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (35, $197M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Laurel Pe Fund Ii Llc | Private Equity Fund | $51.8M | $50.0K | 79 |
| Laurel Pe Fund I Llc | Private Equity Fund | $44.5M | $100K | 68 |
| Gulliverone Limited Partnership | Hedge Fund | $23.7M | $100K | 36 |
| Laurel Arbor I Llc | Private Equity Fund | $5.9M | $50.0K | 40 |
| Quotidian Investment Fund Llc | Hedge Fund | $5.4M | $500K | 76 |
| Elcano Hedged Equity Fund, Llc | Hedge Fund | $5.1M | $250K | 53 |
| Lemuel Two, L.L.C. | Private Equity Fund | $4.3M | $10.0K | 20 |
| Santa Rosa Investment Fund, Llc | Hedge Fund | $4.1M | $100K | 53 |
| Elcano Market Neutral Fund, Llc | Hedge Fund | $4.0M | $100K | 53 |
| Laurel Bain Llc | Private Equity Fund | $4.0M | $50.0K | 41 |
| Fff15 Investments Llc | Private Equity Fund | $3.5M | $125K | 16 |
| Lemuel Vi, Llc | Venture Capital Fund | $3.4M | $50.0K | 30 |
| Lemuel Viii, Llc | Private Equity Fund | $3.2M | $50.0K | 31 |
| Octavia Acm Braselton Llc | Real Estate Fund | $3.0M | $25.0K | 16 |
| Fff16 Investments Llc | Private Equity Fund | $3.0M | $50.0K | 24 |
| Fffiv Investments, Llc | Private Equity Fund | $3.0M | $50.0K | 27 |
| Fff18 Investments, Llc | Private Equity Fund | $2.6M | $25.0K | 28 |
| Lemuel Xi, Llc | Private Equity Fund | $2.6M | $25.0K | 30 |
| Fff19 Investments Llc | Private Equity Fund | $2.2M | $25.0K | 23 |
| Lemuel X, Llc | Venture Capital Fund | $2.2M | $50.0K | 22 |
| Elcano Value Focus Fund, Llc | Hedge Fund | $2.1M | $250K | 53 |
| Fff21 Investments Llc | Private Equity Fund | $2.0M | $25.0K | 20 |
| Octavia Five Llc | Real Estate Fund | $1.7M | $10.0K | 25 |
| Gulliver Technology Opportunities Fund, Llc | Other Private Fund | $1.7M | $10.0K | 20 |
| Fff20 Investments Llc | Private Equity Fund | $1.4M | $100K | 10 |
Top 25 of 35 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (5)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Tsp Institute, Inc. 401(k) Plan | Tsp Institute, Inc. | 175 | $3.5M | 01/01/2024 |
| Open Pep 2 | Plan Professionals Llc | 3,035 | $145M | 01/01/2024 |
| Associated Builders And Contractors, Inc. Retirement & Savings Plan | Associated Builders And Contractors, Inc. | 1,367 | $83.6M | 01/01/2024 |
| Schonberg & Associates Retirement Savings Plan | D.C. Schonberg & Associates Llc | 55 | $1.3M | 01/01/2024 |
| Tmc 401(k) Retirement Savings Plan | Therapy Management Corporation | 1,297 | $46.5M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/14/2026 | 5.82 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Commissions
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $527M (63% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 14, 2026.
View current Form ADV (SEC/IAPD) ↗