CRS Form

Form CRS

Delta Financial Advisors, LLC
As of March 20, 2024

Delta Financial Advisors, LLC is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing. This document is a summary of the services and fees we offer to “retail” investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

What investment services and advice can you provide me?
We offer the following investment advisory services to retail investors: Portfolio Management Services; Asset Allocation Services, and; Financial Planning Services. 

Account Monitoring: If you open an investment account with our firm, as part of our standard service we will monitor your investments on at least a quarterly basis.

Investment Authority: We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. We may offer non-discretionary investment management services whereby we would provide advice, but you would ultimately decide which investments to buy and sell for your account. You would have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.

Investment Offerings: We offer advice on the following types of investments or products: equity securities, corporate debt securities (other than commercial paper), certificates of deposit, municipal securities, United States government securities, options contracts on securities, money market funds, REITs, ETFs, interests in partnerships investing in real estate and interests in partnerships investing in oil and gas interests.

Account Minimums and Requirements: In general, we require a minimum account size to open and maintain an advisory account, which may be waived in our discretion.

Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Items 4, 7, and 8 by clicking this link https://adviserinfo.sec.gov/firm/brochure/122092.

What fees will I pay?
The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services. 

• Asset Based Fees – Payable quarterly in advance. Since the fees we receive are asset-based (i.e. based on the value of your account), we have an incentive to increase your account value which could create a conflict.

Examples of the most common possible fees and costs applicable to our clients that could be in addition to our investment advisory fee but are not payable to us, include:

• Custodian fees;
• Account maintenance fees;
• Fees related to mutual funds and exchange-traded funds;
• Transaction charges when purchasing or selling securities; and
• Other product-level fees associated with your investments

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

For detailed information, refer to our Form ADV Part 2A, Items 5 and 6 by clicking this
link https://adviserinfo.sec.gov/firm/brochure/122092.

What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.

• Because our revenue is derived from asset-based fees, we have an incentive to grow your account as much as possible within the parameters set by you and your risk tolerance. This could cause us to take positions in conflict with your interests in an attempt to grow your account.

Refer to our Form ADV Part 2A by clicking this link https://adviserinfo.sec.gov/firm/brochure/122092 to help you
understand what conflicts exist.

How do your financial professionals make money?
The financial professionals servicing your account are the sole members of our firm which was organized as a LLC. As such, their compensation is in the form of the net income of the LLC after all operating expenses have been paid.

Do you or your financial professionals have legal or disciplinary history?
No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose. Visit Investor.gov/CRS for a free and simple research tool.

You can find additional information about your investment advisory services and request a copy of the relationship summary at 504-522-9019 or click the link https://www.deltafinad.com.