Second Line Capital, Llc
SEC-registered
Insurance-Affiliated · Mid-sized ($1B–$10B)
CRD 324386
· SEC file 801-127790
· Metairie, LA
· www.facebook.com
☆ Save with Pro
ADV data as of Jul 16, 2026
- Regulatory AUM
- $1.3B
- Discretionary
- $1.3B
- Clients
- 1,196
- Avg AUM / client
- $1.1M
- Accounts
- 1,199
- Employees
- 28
AUM over time
$0
$1.3B
Dec 2022
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 16, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 850 | $184M | 13.9% |
| High net worth individuals | 277 | $483M | 36.4% |
| Pension and profit sharing plans | 62 | $652M | 49.3% |
| Charitable organizations | Fewer than 5 clients | $534K | 0.04% |
| Corporations and other businesses | 7 | $5.2M | 0.39% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| D & G Support Services 401(k) Plan D & G Support Services, Llc | 2024 | |
| Res Contractors, Llc 401(k) Plan Res Contractors, Llc | 2024 | |
| Sunshine Quality Solutions 401(k) Plan Sunshine Quality Solutions, Llc | Donaldsonville, LA | 2024 |
| The National World War Ii Museum 401 K Plan The National World War Ii Museum, Inc. | 2024 | |
| Gulf Coast Social Services 403 B Gulf Coast Teaching Family Services Inc | 2024 | |
| Goldman & Associated Companies Employees Profit Sharing Plan & Trust Goldman Equipment L.L.C. | West Monroe, LA | 2024 |
| Creel Brothers 401(k) Plan Creel Brothers, Inc. | 2024 |
People (24)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| P David Soliman | Chief Compliance Officer, President, Chairman And Member | Mar 2015 (11y) | ≈ 18.75% – 50% via Faubourg Private Wealth Llc | |
| John Bordelon | Ceo, Member | Feb 2023 (4y) | ≈ 18.75% – 50% via Faubourg Private Wealth Llc | |
| Andrea Anne Romero | Registered representative | May 2023 (3y) | ||
| Connor Hunt Duplessis | Registered representative | CFP | May 2023 (3y) | |
| Jaron Blake Miller | Registered representative | May 2023 (3y) | ||
| Jason A Duplantis | Registered representative | May 2023 (3y) | ||
| Paige Leigh St. Martin | Registered representative | CFP | May 2023 (3y) | |
| Robert Valliant Brown | Registered representative | May 2023 (3y) | ||
| Stephen Brennan Browne | Registered representative | May 2023 (3y) | ||
| Timothy Kent Aubin | Registered representative | May 2023 (3y) | ||
| Alden Gerard Hagardorn | Registered representative | May 2023 (3y) | ||
| Daniel M Abraham | Registered representative | CFP | May 2023 (3y) | |
| Brentson Sanford Bowlin | Registered representative | Jun 2023 (3y) | ||
| Bryan Gerald Musso | Registered representative | Jun 2023 (3y) | ||
| John Ronald Atchley | Registered representative | Jun 2023 (3y) | ||
| Justin Blake Archote | Registered representative | Sep 2023 (3y) | ||
| Justin Thaddeus Ranger | Registered representative | Mar 2024 (2y) | ||
| Matthew David St. Martin | Registered representative | Apr 2024 (2y) | ||
| Joseph Houston Combest | Registered representative | CFP | Jan 2025 (2y) | |
| Christopher David Wanko | Registered representative | Mar 2025 (1y) | ||
| Bryant Charles Magee | Registered representative | Apr 2025 (1y) | ||
| Kyle Houston Combest | Registered representative | Feb 2026 (0y) | ||
| Dakota P Taylor | Registered representative | Mar 2026 (0y) | ||
| Kamran Mahmood | Registered representative | Mar 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Faubourg Private Wealth Llc | Owner | Apr 2023 | A | 75% or more |
Undisclosed: 0% – 5% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- P David Soliman: 25% – 50% of Faubourg Private Wealth Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- John Bordelon: 25% – 50% of Faubourg Private Wealth Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
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.
Retirement plans served (7)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| D & G Support Services 401(k) Plan | D & G Support Services, Llc | 199 | $6.0M | 01/01/2024 |
| Res Contractors, Llc 401(k) Plan | Res Contractors, Llc | 72 | $3.4M | 01/01/2024 |
| Sunshine Quality Solutions 401(k) Plan | Sunshine Quality Solutions, Llc | 277 | $18.5M | 01/01/2024 |
| The National World War Ii Museum 401 K Plan | The National World War Ii Museum, Inc. | 280 | $13.6M | 01/01/2024 |
| Gulf Coast Social Services 403 B | Gulf Coast Teaching Family Services Inc | 631 | $2.9M | 01/01/2024 |
| Goldman & Associated Companies Employees Profit Sharing Plan & Trust | Goldman Equipment L.L.C. | 186 | $16.3M | 01/01/2024 |
| Creel Brothers 401(k) Plan | Creel Brothers, Inc. | 154 | $1.8M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/16/2026 | 1.05 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
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- LPL Financial $314M (24% of AUM) Jul 2026
- Charles Schwab & Co. $289M (22% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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 16, 2026.
View current Form ADV (SEC/IAPD) ↗