New Orleans runs on tourism, healthcare, and the port. It’s an economy built on industries that have been around for generations, with a culture that doesn’t chase trends the way coastal cities do.
The metro has 399,000 households with a median income of $61,000. About 8% earn over $200k, which translates to roughly 32,000 households.
Around 15,000 of those high-earning households manage their finances without an advisor.
Crypto Ownership in New Orleans #
Crypto ownership here probably tracks around the national average. The city isn’t a tech hub or a finance center, so there’s no outsized adoption. But there’s no particular resistance either.
The high earners in New Orleans include healthcare executives, attorneys, business owners, and professionals who’ve built wealth over time. Some of them have explored crypto as part of their Diversification strategy. They’re typically holding, not actively trading.
The 15,000 unadvised high-income households include people with crypto positions that exist alongside traditional investments. They bought because it seemed prudent to have exposure. Now they’ve got holdings that need attention they may not be giving them.
The Holding Pattern Problem #
“I bought some Bitcoin and I’m just holding it” is a common approach. It’s not a bad strategy for investment purposes. But it doesn’t eliminate the planning needs.
Your cost basis doesn’t track itself. If you bought over multiple years on different platforms, you’ve got documentation work to do eventually.
Tax Planning still matters. When you do sell, how you handle it affects what you owe. Knowing your Options before you need to make decisions is valuable.
Estate Planning can’t wait forever. If you’re in self-Custody, your family needs to know where your holdings are and how to access them. That documentation matters whenever you die, not just when you’re actively trading.
The holding pattern can feel like nothing is happening. But obligations and complexity build up over time.
Finding Digital Asset Wealth Management Expertise #
New Orleans has financial advisors. Most of them specialize in traditional wealth management appropriate for the local economy. Finding one with deep crypto expertise is difficult.
The advisors who specialize in digital assets work remotely. They serve clients nationally. For someone in New Orleans with meaningful crypto holdings, this opens up Options that don’t exist locally.
Remote advisory works well for crypto:
- You get access to specialists who focus on digital assets
- Secure communication handles sensitive conversations
- The relationship fits busy schedules without requiring travel
- Expertise isn’t limited by geography
What matters is whether the advisor can handle your specific situation. Cost basis tracking, tax optimization, Custody planning, estate considerations.
Getting Started with Crypto Custody and Planning #
Digital Wealth Partners focuses on crypto holders and works entirely remotely. If you’re in New Orleans with digital assets as part of your financial picture, they’re set up for exactly this kind of situation. Check them out at digitalwealthpartners.net.
The 15,000 high-income households here without advisors include people in a holding pattern who haven’t thought about what their crypto position requires. Holding is a strategy, but it’s not a plan.
