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Top Financial Advisors in Jackson, MS

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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 who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Ballew Advisors Inc. Ballew Advisors Inc. logo Find an Advisor

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$900,308,805 $100,000
  • Financial planning
  • Portfolio management
  • Publication of periodicals or newsletters

Minimum Assets


Financial Services

  • Financial planning
  • Portfolio management
  • Publication of periodicals or newsletters
2 Mag Cap Mag Cap logo Find an Advisor

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$1,130,198,212 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
3 EFP Advisors EFP Advisors logo Find an Advisor

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$283,531,276 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
4 Wealthview Capital, LLC Wealthview Capital, LLC logo Find an Advisor

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$264,077,733 No set account minimum
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

What We Use in Our Methodology

To find the top financial advisors in Jackson, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

Ballew Advisors Inc.

Topping our list of financial advisory 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.

Since most advisors on staff at Ballew Advisors sell financial products and/or insurance for commissions, the firm is considered fee-based. While this form of compensation creates a potential conflict of interest, Ballew Advisors has a fiduciary duty to always act in its clients' best interests. 

The team at Ballew Advisors includes advisors with the following financial certifications: certified financial planner (CFP), chartered retirement planning specialist (CRPS), certified public accountant (CPA), chartered financial consultant (ChFC), chartered life underwriter (CLU) and retirement income certified professional (RICP). 

Ballew Advisors Background

Matt Ballew founded Ballew Advisors in 1991, making it the oldest firm on our list. Today, Ballew serves as chairman of the board. The firm is owned by S B Holding Company, Inc.

In addition to investment advice and portfolio management, the firm offers financial planning and Social Security consulting services, as well as retirement plan advisory services. Ballew Advisors also publishes a monthly newsletter that provides information on various financial topics, including the state of the economy and market trends.

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.

The firm offers investment advice on the following securities:

  • Mutual fund
  • Exchange-traded funds
  • Exchange-listed securities
  • Securities traded over-the-counter
  • Foreign issuers
  • Warrants
  • Corporate debt securities (other than commercial paper)
  • Commercial paper
  • Certificates of deposit
  • U.S. governmental securities

Mag Cap

Mag Cap, or Magnolia Capital Advisors, is the No. 2 firm on our list. 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.

Clients pay an asset-based fee for portfolio management, which will also include financial planning services. Other clients who retain the services of the firm solely for financial planning will pay a flat fee that ranges from $2,500 to $25,000 per engagement. 

Mag Cap's advisory team holds a variety of financial certifications, including the following designations: accredited asset management specialist (AAMS), certified public accountant (CPA), certified financial planner (CFP), chartered financial analyst (CFA), accredited investment fiduciary (AIF) and chartered life underwriter (CLU).

Mag Cap Background

Mag Cap was created in 2018, making it the youngest firm on this list. The firm's legal name is Magnolia Capital Advisors LLC. It’s principally owned by its managing directors: Vaiden Clark, Stephen Griner and Charles Marion. The firm also has offices in Birmingham, Alabama, Columbus, Mississippi, and Calabasas, California. 

Mag Cap provides portfolio management, as well as financial planning and consulting services that may include the following:

  • Investment planning
  • Personal tax planning
  • Retiremetn planning
  • Credit planning
  • Insurance planning and risk management
  • Estate planning
  • Education planning
  • Charitable giving
  • Mortgage/debt analysis
  • Business consulting
  • Review of employee benefit plans

Mag Cap Investment Strategy

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.

EFP Advisors

EFP Advisors is a fee-based advisor working with a large pool of individual clients. The firm also serves some high-net-worth individuals and offers services to businesses, retirement plans, trust, estates and charitable organizations. 

There is no required minimum for opening an account with EFP Advisors. Fees for portfolio management are based on percentage of a client's assets under management, while certain services may be provided at a hourly or fixed rate. 

In addition to these fees, the firm's advisors may also collect commissions from third parties when selling insurance or securities. This type of compensation creates potential conflict of interest, as advisors have a financial incentive to recommend certain products and services over others. However, EFP Advisors is a fiduciary firm and must always act in the best interests of its clients. 

EFP Advisors does not list any financial certifications, like the certified financial planner (CFP) designation, on its website. 

EFP Advisors Background

EFP Advisors was founded in 2012 by Douglas McDaniel and Christopher Register. They are still the principal owners, with McDaniel serving as president and Register serving as vice president. The firm also does business under the names McDaniel & Register Inc., R. Lenoir & Associates, W. O. Stone Advisors and Collaborative Advice.

EFP Advisors offers clients general financial planning services in addition to portfolio management services. Portfolio management also includes assistance with creating and maintaining a portfolio for a 401(k) plan.

EFP Advisors Investment Strategy

According to EFP Advisors, minimizing risk is a priority for all client portfolios. The firm does this by using a globally diverse asset allocation. The firm invests in mutual funds and exchange-traded funds, in addition to individual securities.

The firm generally uses traditional technical, fundamental and cyclical methods of analysis when researching and reviewing securities for client portfolios. 

Wealthview Capital, LLC

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 but no set account minimum.

As for fees, Wealthview Capital charges asset-based fees for portfolio management, and either hourly or flat fees for consulting or planning services. 

Founder Sam Taylor is a certified investment management analyst (CIMA), an accredited investment fiduciary (AIF) and a chartered retirement planning counselor (CRPC). Other members of the Wealthview Capital team hold the CRPC designation, as well as the certified financial planner (CFP) and chartered retirement plans specialist (CRPS) certifications. 

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, which also has an office in New Orleans, 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 Investment 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.

Wealthview Capital’s approach is active indexing. The firm uses an index fund to create a baseline asset allocation and then adjusts from the index to incorporate other profitable securities.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.