Finding a Top Financial Advisor Firm in Jackson, Mississippi
It can be challenging to find the right financial advisor because there are so many competing for your business. That’s why SmartAsset put in the work to help you find the top financial firms in Jackson, Mississippi. This list of the top Jackson financial advisor firms comes from hours of research into the city’s firms. We lay out our findings below and explain what differentiates these firms from each other. If you would like more guidance in your search, SmartAsset’s financial advisor matching tool can connect you with up to three financial advisors near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Ballew Advisors, Inc. Find an Advisor||$825,683,979||$100,000|| || |
|2||Mag Cap Find an Advisor||$752,463,182||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Wealthview Capital, LLC Find an Advisor||$254,047,319||No set account minimum|| || |
Minimum AssetsNo set account minimum
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How We Found the Top Financial Advisor Firms in Jackson, Mississippi
To find the top financial advisors in Jackson, Mississippi, 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:
Topping our list of firms in Jackson is Ballew Advisors, also known as Ballew Wealth Management. The firm offers portfolio management and financial planning services to individuals, corporations, pooled investment vehicles and charitable organizations. The vast majority of its individual clients do not have high net worths.
To open an account and receive investment advisory services, you’ll generally need a minimum initial investment of $100,000. The firm, though, may waive or reduce the amount at its discretion.
The firm’s founder, Matt Ballew, still works as an advisor for the company. The team he leads includes certified financial planners (CFPs), chartered retirement planning specialists (CRPSs), certified public accountants (CPAs), chartered financial consultants (ChFCs), chartered life underwriters (CLUs) and certified senior advisors (CSAs).
Ballew Advisors Background
Matt Ballew founded Ballew Advisors in 1991, making it the longest-running firm on our list. Today, Ballew serves as chairman of the board. The firm is owned by S B Holding Company, Inc.
Certain advisors at the firm can sell financial products on a commission basis. This arrangement may create a potential conflict of interest, though the firm's fiduciary duty means it must act in clients' best interests at all times.
Ballew Advisors Investment Strategy
Ballew Advisors constructs portfolios for its clients based on an asset allocation that adheres to their risk tolerance and investment objectives. It also considers other factors like tax implications. But unlike some firms, Ballew permits clients to make certain restrictions on investing in specific types of securities or industry sectors.
In addition, the firm engages in both long-term purchases and short-term purchasing strategies. The former involves holding onto securities for a year or longer when the firm believes these are currently undervalued. With short-term purchases, Ballew buys securities with the intent to sell within a year to take advantage of projected price swings.
Mag Cap, or Magnolia Capital Advisors, joins the list in the second spot. With no set account minimum at the firm, its clients are mostly individuals who do not have high net worths. The firm also works with high-net-worth individuals, pension plans, banks, charitable organizations and businesses.
At this fee-based firm, some advisors may conduct securities transactions and/or sell insurance products that generate commissions on top of the advisory fees you pay. These non-advisor roles may pose a potential conflict of interest, but as an SEC-registered firm, Mag Cap has a fiduciary duty to act in clients' best interests no matter what.
Mag Cap Background
Mag Cap was created in 2018, making it the youngest firm on this list. It’s principally owned by its managing directors, Vaiden Clark, Stephen Griner and Charles Marion. Among the three of them, they have eight designations, including accredited asset management specialist (AAMS), certified public accountant (CPA), certified financial planner (CFP), chartered financial analyst (CFA), accredited investment fiduciary (AIF), chartered retirement plans specialist (CRPS) and certified investment management analyst (CIMA).
This firm provides investment management, financial planning and consulting services.
Mag Cap Investment Philosophy
Mag Cap can provide guidance generally on money market funds and other cash instruments, exchange-listed securities, mutual funds, exchange-traded funds, closed-end fund shares, certificates of deposit (CDs), corporate debt securities, municipal securities, government securities, options, variable annuity products, private funds and private placements.
When analyzing potential funds to invest in, the firm looks at both the experience and track record of the fund manager, gauging if the manager has demonstrated an ability to invest over a period of time and in different economic conditions. Another important step is looking at the underlying assets in a fund to see if there is significant overlap in the underlying investments held in other funds in the client's portfolio. This helps to promote in-depth diversification.
Wealthview Capital is a fee-only advisor, which means it does not receive any sales commissions or other transaction-based fees. It has the smallest staff of advisors on this list, as well as the best clients-per-advisor ratio. It does not have a set account minimum, nor does it charge a minimum annual fee.
Founder Sam Taylor is a certified investment management analyst (CIMA), an accredited investment fiduciary (AIF) and a chartered retirement planning counselor (CRPC). The team includes one more CRPC, two certified financial planner (CFPs), one chartered retirement plans specialist (CRPS) and one chartered financial analyst (CFA).
Roughly two-thirds of Wealthview Capital's clients are non-high-net-worth individuals. The firm also works with high-net-worth individuals and retirement plans.
Wealthview Capital Background
Taylor founded Wealthview Capital in 2009 and remains the principal owner. The firm takes a holistic approach when managing portfolios. It believes investment decisions are about more than just looking at the numbers. It considers a client’s individual goals, risk tolerance and values. So if you're saving for retirement or you're investing to set the next generation up for success, Wealthview Capital aims to help you achieve all of those goals.
The firm offers a number of financial planning services including education planning, retirement planning, insurance planning and legacy planning. These are all in addition to investment and portfolio management services.
Wealthview Capital Investing Strategy
Wealthview Capital’s investing goals are to create diverse, low-cost and tax-efficient portfolios for clients. In line with that goal, the firm adheres to the efficient market theory. This theory states that it is not possible to “beat” the market. Instead, investors should take a more passive approach.