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. Find an Advisor||$1,017,413,137||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Vines Capital Management Find an Advisor||2||No set account minimum|| || |
Minimum AssetsNo set account minimum
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:
- 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 obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
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.
Vines Capital Management
Vines Capital Management is a fee-only firm where there is no minimum account size, but there is a fee of at least $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.