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The Top Financial Advisors in Monroe, LA

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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 the Top Financial Advisor Firm in Monroe, Louisiana

Are you looking for a new financial advisor firm to work with in Monroe? If so, SmartAsset has identified the top firm in the city. You'll find find information about the firm’s typical services, account minimums, client base, investing strategies and more. You can also use SmartAsset’s financial advisor matching tool to get directly connected with up to three advisors who serve your area.

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

Read Review

$1,017,413,137 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
2 Vines Capital Management Vines Capital Management logo Find an Advisor

Read Review

2 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

What We Use in Our Methodology

To find the top financial advisors in Monroe, 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.

Argent Advisors, Inc.

Argent Advisors oversees hundreds of millions in assets. The investment team includes two chartered financial analysts (CFAs). The firm doesn’t require a minimum investment to open an account. 

Argent Advisors is a fee-based firm. This means advisors collect commissions from vendors in addition to client fees. In some cases, they may recommend investing in the products of affiliated investment companies. This arrangement may create a potential conflict of interest. That said, as an investment advisor registered with the Securities and Exchange Commission (SEC), Argent Advisors and its representatives have a legal fiduciary duty to provide advice in the best interests of their clients. 

Argent Advisors Background 

Argent Advisors was founded in 1996. It is owned by Argent Financial Group, Inc. Its founder and CEO Kyle McDonald has worked in the financial services industry since the early '80s. 

The firm provides investment advisory services on discretionary or non-discretionary basis. The latter means the firm will give you some control over investment decisions. For instance, you can place restrictions on investing in certain securities. 

Argent Advisors Investment Strategy

The team at Argent Advisors makes investing decisions based on your risk tolerance and long-term financial goals. The firm aims to diversify client portfolios by investing across multiple asset classes. 

When evaluating securities, it may engage in fundamental, cyclical and technical analysis.

Vines Capital Management

Vines Capital Management is a fee-only firm where there is no minimum account size -- but there is a minimum fee of $500 to open an account.

Clients of Vines are mostly individuals, the majority of whom do not have a high net worth. Institutional clients of the firm include pension and profit sharing plans, charitable organizations, corporations and trusts.

Fees for portfolio management are based on a percentage of assets under management. Financial planning services are charged a fixed fee of between $1,000 and $10,000. The firm does not have a full list of certifications, but founder Ken Vines is a certified investment management analyst (CIMA) and an accredited investment fiduciary (AIF).

Vines Capital Management Background

Vines was founded by Ken Vines in 2018. Vines still owns the firm.

Services include portfolio management, financial planning, pension consulting services and selection of other advisors.

Vines Capital Management Investment Strategy

Just under half of the investments at Vines are in stocks, and a bit more than a third is invested in mutual funds, with bonds and cash holdings making up the rest.

How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research