Finding a Top Financial Advisor Firm in Louisiana
Finding a financial advisor in Louisiana doesn't have to be a hassle. To help you in your search, SmartAsset has compiled a list of the top 10 financial advisory firms in the state. Read about these top firms below, including their investment strategies, the types of clients they serve and more. If you'd prefer us to find you an advisor to potentially work with, SmartAsset's financial advisor matching tool will pair you with up to three professionals who serve your area.
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We match nearly 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 | TruWealth Advisors, LLC  Find an Advisor | $2,535,697,292 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 2 | Waters, Parkerson & Co., LLC  Find an Advisor | $2,685,703,913 | $10,000 minimum annual fee |
| Minimum Assets$10,000 minimum annual feeFinancial Services
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| 3 | Stokes Family Office LLC  Find an Advisor | $2,475,148,256 | $1,000,000 |
| Minimum Assets$1,000,000Financial Services
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| 4 | Argent Advisors, Inc.  Find an Advisor | $1,461,903,002 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 5 | Summit Financial Wealth Advisors  Find an Advisor | $1,421,450,420 | $50,000 |
| Minimum Assets$50,000Financial Services
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| 6 | Second Line Capital, LLC  Find an Advisor | $723,038,061 | Varies based on account type |
| Minimum AssetsVaries based on account typeFinancial Services
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| 7 | Montz Harcus Wealth Management  Find an Advisor | $713,694,816 | $250,000 |
| Minimum Assets$250,000Financial Services
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| 8 | Paradiem, LLC  Find an Advisor | $466,197,031 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 9 | FPL Capital Management, LLC  Find an Advisor | $885,155,184 | $500,000 |
| Minimum Assets$500,000Financial Services
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| 10 | BCM Advisors, LLC  Find an Advisor | $666,235,191 | Varies based on account type |
| Minimum AssetsVaries based on account typeFinancial Services
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What We Use in Our Methodology
All information is obtained through public records and is updated once per year following the firms' filing of their amendment to Form ADV at the end of March. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
TruWealth Advisors
The top-rated financial advisory firm in Louisiana, TruWealth Advisors, primarily works with individual investors, both with and without high net worths. Clients also include trusts, estates, retirement plans, charitable organizations, businesses and corporations. TruWealth is considered a fee-based firm, as some of its representatives can earn commissions on certain transactions. However, the firm maintains a fiduciary responsibility to act in clients’ best interests despite this potential conflict on interest.
TruWealth’s investment strategy is “long-term in nature, based on research, principles and experience rather than short-term trends,” according to the firm’s Form ADV brochure. The firm relies on asset allocation strategies to optimize a portfolio’s risk and reward.
TruWealth uses several types of analysis in generating an investment plan for clients, including top-down and macroeconomic analysis, fundamental analysis and technical analysis. The firm typically allocates client assets among mutual funds, exchange-traded funds (ETFs), exchange-traded notes, individual debt and equity securities, custom structured products and independent investment managers. Portfolios are designed with a client’s risk tolerance, financial objectives and time horizon all in mind.
Waters, Parkerson & Co.
With more assets under management than any firm on this list, Waters, Parkerson & Co. is the state’s second-highest-rated firm according to our metrics. The firm mainly works with individual investors, both with and without high net worths, but its clients also include pensions and profit-sharing plans, trusts, estates, charitable organizations, businesses and corporations. There is no minimum account size, but the firm does charge a minimum annual fee of $10,000.
Waters, Parkerson & Co. follows a disciplined investment philosophy that emphasizes long-term growth through a balanced approach to both equity and fixed income investments. For the equity portion, the firm focuses on bottom-up stock selection, identifying undervalued companies with strong fundamentals and the potential for long-term growth.
Their equity strategy emphasizes diversification across industries and companies, reducing the risk of concentration, while holding stocks with growth, value and yield characteristics. The firm’s Investment Committee oversees ongoing research and analysis to separate short-term market volatility from fundamental changes.
For fixed income, the firm prioritizes generating current income while preserving principal. Their fixed income strategy involves diversifying holdings across the intermediate-term yield curve and staggering bond maturities to allow for annual reinvestment opportunities. They invest in corporate, agency and municipal bonds.
Stokes Family Office
Stokes Family Office (SFO) is a fee-based advisory firm located in New Orleans. Stokes Family Office primarily works with individual investors, both with and without high net worths, as well as pensions and profit-sharing plans, charitable organizations and corporations. Clients must have at $1 million in investable assets to open an maintain an account.
Because certain members of the staff are licensed insurance agents and may earn commissions on products sold to clients, SFO is considered a fee-only advisor. Despite this potential conflict of interest, the firm is a fiduciary and is obligated to act in a clients' best interests.
SFO typically invests client assets in mutual funds, ETFs, exchange-traded notes, as well as individual debt and equity securities and options. Some clients may have access to private investment funds through SFO. The firm’s investment strategy is long-term in nature and relies on research and experience instead of short-term market trends. SFO employs asset allocation strategies to diversify client portfolios, but customizes a portfolio to the client’s specific needs.
Argent Advisors
Located in Monroe, Argent Advisors is a fee-based firm that works with individual investors, pensions, profit-sharing plans, trusts, estates, government entities, charitable organizations and corporations. Argent’s team includes advisors with the Certified Financial Planner™ (CFP®), certified retirement plan specialist (CRPS) and chartered financial analyst (CFA) designations.
The firm does not have an account minimum. Clients may pay advisors commissions when purchasing certain investment products, as several employees are also representatives of a broker/dealer and licensed to sell insurance. While this qualifies Argent Advisors as a fee-based firm, Argent Advisors maintains a fiduciary responsibility to act in its clients’ best interests.
Argent Advisors may use several methods of analysis to evaluate securities and choose investments, including charting, fundamental analysis, technical analysis and cyclical analysis. While the firm’s investment strategies may be tailored to an individual client's needs, the firm primarily invests client assets in individual equity and fixed-income securities, as well as mutual funds and ETFs.
Summit Financial Wealth Advisors
Summit Financial Wealth Advisors, a fee-based firm, is the fifth-highest-rated advisor on our list. Across its offices in Lafayette, Monroe, Shreveport and Ruston, the firm has advisors on staff who hold the Certified Financial Planner™ (CFP®), chartered retirement planning counselor (CRPC) and certified divorce financial analyst (CDFA) designations, among others.
Summit Financial mainly works with individual investors, including high-net-worth individuals. The firm, which has a $50,000 minimum account balance, also counts pensions, profit-sharing plans, trusts, estates, charitable organizations and corporations among its clients. Summit Financial also charges a minimum annual fee of $500 per account.
Summit Financial invests client assets in individual equity securities, equity and fixed income mutual funds, ETFs and individual bonds. The firm also has an investment committee that meets around four times a year. The committee also selects the contents of the firm’s asset allocation models.
The firm uses a variety of investment strategies and methods of analysis to research securities and manage portfolios. Charting, fundamental analysis, technical analysis, cyclical analysis all may factor into the investment advice given to clients.
Second Line Capital
Montz Harcus Wealth Management
Montz Harcus Wealth Management is a fee-based financial advisory firm located in New Orleans. The firm’s client base comprises individuals, high-net-worth individuals, pension and profit-sharing plans, charitable organizations, as well as corporations or business entities. There is a $250,000 minimum account size requirement for opening and maintaining an account. In addition to client-paid fees, advisors on staff may receive third-party compensation for selling financial products, which is a conflict of interest. Despite this fee-based compensation structure, the firm is legally required to act in your best interests as a fiduciary.
In addition to portfolio management, the firm offers comprehensive financial planning services that may include investment analysis, employee benefits optimization, financial goal planning, insurance review, retirement planning and help in other areas. Clients with over $250,000 under management receive complimentary financial planning services. The firm also offers private alternative investment management services, which are separate from its regular portfolio management.
Like most firms, Montz Harcus tailors its investment strategies to align with individual client profiles, which include considerations such as age, income, tax levels, risk tolerance, financial goals, objectives and time horizons.
Montz Harcus focuses on long-term trading and offers private alternative investment opportunities. Client portfolios typically include exchange-listed securities, over-the-counter securities, corporate debt, commercial paper, and certificates of deposit. Additionally, the firm invests in municipal securities, variable annuities, mutual funds, U.S. government securities, options contracts on securities, and interests in partnerships related to real estate or oil and gas.
Paradiem
Fee-based firm Paradiem is the final firm on our list of the top advisors in the state of Louisiana. Paradiem works with individuals, including both high-net-worth clients and non-high-net-worth investors. The firm also works with some charitable organizations, coporations and businesses.
Investment management fees are based on percentage under management, and some advisors may earn commissions for selling insurance. There are also hourly fees for financial planning and consulting services.
Paradiem does not generally impose a minimum account size requirement. However, the firm's wrap fee program does have a $350,000 minimum relationship requirement per household, but it may waive this requirement in some situations.
Paradiem Background
Paradiem, which conducts business as Intentional Ownership, was founded in 2011 and is a wholly owned subsidiary of Paradiem Holding Company. Eric L. Dunavant, the firm's president, owns Paradiem Holding Company.
Services offered by the firm include asset management through a wrap fee program, financial planning and insurance services.
Paradiem Investment Strategy
Paradiem's investment strategy primarily relies on fundamental analysis to develop long-term strategies for clients, focusing on economic and business indicators like financial ratios and trends to assess the strength and value of potential investments.
While they generally hold investments for over a year, Paradiem may make short-term adjustments based on market conditions or client needs. The firm emphasizes understanding each client’s financial goals, risk tolerance and time horizon to create tailored strategies, though they acknowledge that investing carries inherent risks, including the potential loss of value.
FPL Capital Management
FPL Capital Management is a fee-only financial advisory firm located in Metairie. The firm works with individuals, high-net-worth individuals, corporate pension and profit-sharing plans, trusts and business entities. The standard minimum investment requirement is $500,000, which can be met by aggregating household accounts. In certain cases, the firm may choose to lower or waive this minimum requirement for specific clients.
For asset management and wealth planning services, clients can pay an annual fee or a percentage of their assets under management until the annual fee caps at $15,000. Financial planning and consulting services are also available at an hourly rate.
The firm offers comprehensive wealth and asset management services, which include financial planning and consulting. More specifically, the firm can help clients with investment planning, retirement planning, risk management through insurance planning, tax planning and estate planning.
FPL Capital Management focuses on long-term buy and hold strategies, emphasizing passive investment approaches and global diversification. The firm primarily invests in mutual funds, ETFs, passively managed index funds, value stocks and securities from smaller companies. The firm tailors its investment strategies to align with each client's unique goals, timeline, financial situation and risk tolerance.
BCM Advisors
BCM Advisors is a fee-only advisory firm located in Layafette whose clients include individual investors, pensions and profit-sharing plans, as well as corporations and businesses. The majority of the firm's assets under management are owned by high-net-worth individuals and business entities. BCM primarily focuses on financial planning and portfolio management. Advisory accounts are managed on a discretionary basis.
BCM offers a variety of investment portfolios based on the strategy of investing in stocks, bonds, precious metals and cash. “BCM’s approach within the Portfolios is to invest in broad-based asset classes rather than in individual securities," the firm states in its Form ADV brochure. "An asset class approach can be realized by owning indexed mutual funds or ETFs that reflect the composition and risk profile of the target asset class."
BCM evaluates individual mutual funds and ETFs based on their managers’ track record of investing through different economic conditions, as well as their underlying assets.
