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SECOND LINE CAPITAL, LLC
CRD 324386File 801-127790
APPROVED
Retail clients
Filing as of Jul 16, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.32B
Above cohort median (national)
Discretionary AUM
$1.32B
Clients
1,196
1,199 accounts
Employees
28
Top 25% of cohort in LA
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- MIRO
- Registration date
- Sep 19, 2023
- Principal office
- 2800 VETERANS MEMORIAL BLVD., SUITE 220, METAIRIE, LA, 70002
- Phone
- 504-321-0923
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.32B
- Discretionary AUM
- $1.32B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 1,199
- Non-discretionary accounts
- 0
- Total accounts
- 1,199
- AUM per client
- $1.1M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 7 | $5.2M |
| Charitable organizations | Fewer than 5 | $534K |
| High net worth individuals | 277 | $482.6M |
| Pension and profit sharing plans | 62 | $652.2M |
| Individuals (other than high net worth individuals) | 850 | $183.5M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 23 | 28 | increased by5 |
| Apr 1, 2026 | Clients | 1,385 | 1,196 | decreased by189 |
| Apr 1, 2026 | AUM | $723,038,061 | $1,324,089,165 | increased by$601,051,104 |
| Apr 1, 2026 | Accounts | 2,502 | 1,199 | decreased by1,303 |
| May 1, 2025 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “SECOND LINE” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“SECOND LINE” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.