Top Financial Advisors in Jackson, MS

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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

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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.

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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. 

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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.