Finding a Top Financial Advisor Firm in Baton Rouge, Lousiana
The process of finding the right financial advisor in Baton Rouge, Louisiana can be stressful and time consuming. But don’t worry. The research team at SmartAsset did the initial hard work for you, sifting through data from the Securities and Exchange Commission (SEC) and reading company materials. Read on to learn about the top financial advisor firms in Baton Rouge. We cover fee structures, staff experience, services and more.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||The Shobe Financial Group Find an Advisor||$449,049,600||$50,000|| || |
|2||Dent Wealth Advisors Find an Advisor||$356,886,978||$2 million|| || |
Minimum Assets$2 million
|3||Abel Hall, LLC Find an Advisor||$351,205,698||$2,000,000|| || |
|4||Evans Investment Advisors Find an Advisor||$240,573,816||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||JCN Financial & Tax Advisory Group, LLC Find an Advisor||$98,625,654||$25,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Baton Rouge, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. 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.
The Shobe Financial Group
The Shobe Financial Group's team includes such advisory certifications as certified financial planner (CFP), accredited investment fiduciary (AIF), chartered financial consultant (ChFC), chartered life underwriter (CLU), chartered investment management analyst (CIMA) and chartered retirement plan specialist (CRPS).
Some of these advisors are affiliated with external financial services firms such as insurance companies, making the firm fee-based. So they earn commissions by selling insurance products on top of collecting client fees. However, Shobe Financial has a fiduciary duty to provide advice solely in the best interest of its clients.
Most of the firm’s client base consists of non-high-net-worth individuals. It also includes investment companies, pension and profit-sharing plans, trusts, estates, charitable organizations and businesses. To work with Shobe Financial, you need a minimum investment of $50,000. But the firm may waive this requirement in certain cases.
Shobe Financial Group Background
Shobe Financial Group started operations in 1983. Its principal owner is Edward Louis Shobe, chairman of the board, who holds at least 70% of the company. The firm is also owned in part by firm president Jason Peter Windham and Susan Shobe Windham, vice president. The firm specializes in portfolio management and financial planning advice. Its advisors can offer guidance on the following topics:
- Insurance review
- Investment management
- Education funding
- Retirement planning
- Estate planning
Shobe Financial Group Investment Strategy
Shobe Financial Group makes investment decisions based on financial factors specific to each client. This includes the client’s risk tolerance, investment goals, time horizon and more. The firm uses this information to determine an asset allocation for investment portfolios. The practice primarily puts client assets in mutual funds and exchange-traded funds (ETFs).
Dent Wealth Advisors
Dent Wealth Advisors' advisory team has advisors on staff with such certifications as chartered financial analyst (CFA) and certified financial planner (CFP). They work with individuals, including high-net-worth ones, as well as businesses, charities and profit-sharing plans. More than half of the firm's individual clients have a high net worth, and there is a minimum account size of $2 million.
The firm is what is called "fee-only" in the industry. This means its only compensation is the fees it collects from clients. As a result, the firm's advisors have fewer conflicts of interest than firms that also collect commissions from third parties such as insurance companies and brokerages.
Dent Wealth Advisors Background
Dent Wealth Advisors opened in 1997. Its primary owners collectively have more than 60 years of experience in the financial services industry.
At Dent, advisors offer portfolio management and financial planning. They can also help with estate planning, retirement income strategies, saving for your child’s college education through tax-advantaged 529 plans and more.
Dent Wealth Advisors Investing Strategy
Dent Wealth Advisors builds portfolios tailored to clients' risk tolerance and investment needs. Not limiting itself to specific securities, it may invest, depending on your needs, in the following securities:
- Exchange-listed securities
- Securities traded over-the-counter
- Corporate debt securities (other than commercial paper)
- Certificates of deposit
- Municipal securities
- Mutual fund shares
- U.S. government securities
- Exchange-traded funds (ETFs)
- Money market funds and cash alternatives
Abel Hall is a fee-based firm that works mostly with individuals, slightly more of whom are not high-net-worth. Institutional clients at the firm include pension and profit-sharing plans, charitable organizations, other investment advisors and corporations.
The firm's team includes a certified financial planner (CFP) and a certified public accountant (CPA). Some advisors at the fee-based firm earn commissions, which is a potential conflict of interest. Advisors must act in the best interest of the client, though.
The minimum account size is $2 million, the highest on this list.
Abel Hall Background
Abel Hall was founded in 2019 and is owned by Andrew Hall and Leo Abel. It also became an SEC-registered investment advisor in 2019 and has been in business ever since.
Services offered include investment management, retirement plan advisory services and wrap fee programs.
Abel Hall Investment Strategy
Advisors at Abel Hall use fundamental analysis, asset allocation and mutual fund analysis to make decisions about how to invest client money. Mutual funds are the most common investment, with stocks also used extensively. Some bonds and cash holdings are also utilized. The firm and its advisors look to tailor investment advice and strategies to the needs of clients.
Evans Investment Advisors
Next up on our list is Evans Investment Advisors. This firm's advisors have such financial certifications as certified financial planner (CFP) and retirement income certified specialist (RICP).
You don’t need an investment minimum to become a client. In addition to individuals, the firm offers its services to pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities. Evans Investment works under a fee-based structure. This means the firm may earn commissions from vendors, though the firms' advisors must uphold their fiduciary duty to put clients' interests first.
Evans Investment Advisors Background
Gregory Wade Evans founded his namesake firm in 1987. He is the majority owner, while Bart Evans, who joined the firm in 2001, has a small stake. The firm has been registered as an investment advisor with the SEC since 2008.
The firm manages portfolios on behalf of individuals and advises on such financial topics as estate planning and retirement savings.
Evans Investment Advisors Investing Strategy
Evans Investment Advisors' strategy is based on the information it gathers from its clients. Its advisors hold meetings with clients in order to collect information about their risk tolerance, investment goals and more. They then use this to create a diversified portfolio, typically with no-load or low-load mutual funds and exchange-traded funds (ETFs). These funds are usually bought through discount brokers or fund companies.
JCN Financial & Tax Advisory Group, LLC
JCN Financial & Tax Advisory Group is a fee-based advisory firm - some of the advisors earn commissions for selling insurance products, which can present a potential conflict of interest. The firm only works with individuals, nearly all of whom do not qualify as high net worth.
There is a $25,000 minimum investment requirement. Fees for investment advisory services are based on a percentage of assets under management, while financial planning and consulting fees are charged a fixed fee, generally between $500 and $5,000.
The team includes one certified financial technician (CFTe ®) and one chartered market technician (CMT).
JCN Financial & Tax Advisory Group Background
JCN was founded in 2002 and is owned by founder John Neyland.
Services offered at JCN include investment advisory services, financial planning, consulting services, estate planning and insurance planning.
JCN Financial & Tax Advisory Group Investment Strategy
Around four-fifths of all money at the firm is invested in stocks, while most of the rest is held as cash. A small amount is invested in U.S. government bonds.