Finding a Top Financial Advisor Firm in New Orleans, Louisiana
Are you looking for a new financial advisor firm to work with in New Orleans? If so, SmartAsset has put together this list of the top firms in the city. Within each entry, you’ll 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 local advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Waters, Parkerson & Co., LLC Find an Advisor||$1,882,392,323||$10,000 minimum annual fee|| || |
Minimum Assets$10,000 minimum annual fee
|2||Stokes Family Office, LLC Find an Advisor||$1,104,915,861||$1,000,000|| || |
|3||Crescent Capital Consulting, LLC Find an Advisor||$757,293,145||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Delta Financial Advisors Find an Advisor||$461,869,327||$500,000|| || |
|5||Hubbell Strickland Wealth Management, LLC Find an Advisor||$397,878,575||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Montz Harcus Wealth Management Find an Advisor||$346,510,726||$250,000|| || |
|7||FreeGulliver, LLC Find an Advisor||$340,565,581||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||ThirtyNorth Investments, LLC Find an Advisor||$189,724,787||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Deane Retirement Strategies, Inc. Find an Advisor||$155,053,525||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|10||Dumaine Investments, LLC Find an Advisor||$112,101,573||$500,000|| || |
How We Found the Top Financial Advisor Firms in New Orleans, Louisiana
Only firms that are both registered with the U.S. Securities and Exchange Commission (SEC) and located in New Orleans, Louisiana were under consideration for this list. We limited our list to SEC-registered firms because such firms must abide by fiduciary duty. Next, we removed any firms that either don't offer financial planning services, don't manage individual accounts or have disclosures on their Form ADV. The remaining firms are ordered from the most assets under management (AUM) to the least. All information is accurate as of the writing of this article.
Waters, Parkerson & Co.
Waters, Parkerson & Co., LLC is the largest firm on our list. Despite the sizable amount of assets under management (AUM), the firm has just a handful of advisors on staff. This group includes one certified financial planner (CFP), one chartered financial analyst (CFA) and one certified public accountant (CPA).
Rather than impose a minimum initial investment, Waters, Parkerson & Co. adheres to a $10,000 minimum annual fee for most of its accounts. The firm states in its Form ADV that it reserves the right to waive this requirement under certain circumstances.
This fee-only firm works with non-high-net-worth individuals, high-net-worth individuals, charitable organizations, businesses and pension plans.
Waters, Parkerson & Co. Background
Founded in 1933, Waters, Parkerson & Co. is one of the oldest firms on this list. It was created by Arthur Waters and Godfrey R. Parkerson, who have both since passed away. Today, the firm is owned and operated by partners David Pointer and Michael Whealdon and co-managing partners J. Baldwin Montgomery and Devin Wakeman.
Waters, Parkerson & Co. has a plethora of investment management and financial planning services, such as retirement planning, cash flow management, estate planning, tax planning, portfolio customization, diversification and more.
Waters, Parkerson & Co. Investing Strategy
According to its website, Waters, Parkerson & Co. adheres to a conservative, long-term investment ideology that favors a well diversified asset allocation. To remain in line with this strategy, the firm attempts to invest in an entirely unemotional way so as to avoid the pitfalls of hasty investing.
Just because Waters, Parkerson & Co. prefers this style of investing doesn’t mean that it won’t customize your portfolio to your needs. In fact, your advisor will take into account multiple factors, such as your risk tolerance, time horizon and income needs.
Stokes Family Office
Stokes Family Office, LLC is a large financial advisor firm that mainly serves almost 400 individuals (including both high-net-worth and non-high-net-worth individuals). The firm also works with retirement plans, businesses and charitable organizations.
The firm has a $1 million minimum account size that's waivable under certain circumstances. Considering the complexion of its individual client base, the firm evidently waives the above requirement fairly often.
As a family office, this firm has a plethora of investment and financial planning services available for individuals, families and institutions. Financial planning services include tax planning, retirement planning, estate planning, charitable gift planning, cash flow forecasting and more. The firm also boasts a selection of retirement plan consulting services.
Certain members of Stokes Family Office's advisory team have the ability to earn commissions from the sale of insurance products to clients. Although this presents a potential conflict of interest, the fee-based firm is legally required to act in your best interest at all times.
Stokes Family Office Background
Stokes Family Office was founded in 2019 when a former New Orleans firm called Stokes & Hubbell split into two separate firms. The other firm is Hubbell Strickland Wealth Management, which also holds a spot on this list. Stokes Family Office is independent and family-owned, as its principals are David Stokes, Douglas Stokes and Gregory Stokes.
There are three certified financial planners (CFPs) and one chartered financial analyst (CFA) working at Stokes Family Office.
Stokes Family Office Investing Strategy
Stokes Family Office believes in building investment portfolios using a long-term philosophy. More specifically, the firm will work to create a personalized asset allocation plan for every client portfolio. These involve factors like the client's personal investment goals, time horizon, risk tolerance and income needs. Once your money is invested, the firm will work to evaluate the portfolio's performance and make adjustments when necessary.
This firm manages assets on both a discretionary and non-discretionary basis. The firm invests in individual equities and bonds, as well as mutual funds, exchange-traded funds (ETFs) and exchange-traded notes (ETNs).
Crescent Capital Consulting
Crescent Capital Consulting, LLC is a fee-only firm, which means all of its compensation comes from client-paid fees. The firm's team of advisors includes one certified financial planner (CFP) and one chartered financial analyst (CFA).
There are no minimum investment requirements at Crescent Capital. Despite this, the firm mostly works with high-net-worth individuals. Non-high-net-worth individuals, charitable organizations, businesses and pension plans also maintain accounts here.
Crescent Capital Consulting Background
Crescent Capital Consulting opened for business in 2010, making it one of the youngest firms on this list. Its leadership team includes president Andrew Wisdom, executive vice president of operations Luis Zervigon, executive vice president of finance and chief compliance officer (CCO) Sheridan Grace and executive vice president of business development Bryan Fitzpatrick. Wisdom, Zervigon and a separate company called Rampart Investments, LLC own Crescent Capital.
The firm provides private wealth management to individuals, as well as institutional investment management consulting. Private wealth management services include comprehensive financial planning, estate planning, tax planning and trust management. Institutional investment management consulting is focused on asset allocation planning, rebalancing analysis, investment style analysis and more.
Crescent Capital Consulting Investing Strategy
Rather than employ its own proprietary investment philosophy, Crescent Capital Consulting will create a personalized strategy based on your needs. This will principally include your need for liquidity, risk tolerance, time horizon and overall investing objectives.
Based on this information, the firm will put together an asset allocation that’s designed to help you reach your goals. Additionally, as your portfolio ages and your allocation inevitably shifts, the firm will rebalance your assets.
Delta Financial Advisors
Another fee-only firm, Delta Financial Advisors has one of the smallest advisory staffs on this list. The team here includes one chartered financial analyst (CFA).
Delta Financial Advisors has one of the highest account minimums on this list, at $500,000. It reserves the right to adjust this requirement at its own discretion, though. This firm manages around 250 accounts and primarily offers investment management and financial planning.
Delta Financial Advisors Background
Gerard Plauché co-founded Delta Financial Advisors in 2002 after serving as a principal of Fenner, Plauché and Williams Investment Management Company. Plauché’s co-founder Clifford Favrot also worked at Fenner, Plauché and Williams Investment Management Company as a financial advisor before opening Delta with his former colleague.
Favrot has since left Delta Financial Advisors to found Dumaine Investments, the last firm on this list. Today, the firm is owned by Plauché and partner Ainsley Bishop. Bishop has just under 20 years’ experience working in the financial services industry, including time spent at Charles Schwab as an investment manager.
Delta Financial Advisors Investing Strategy
Delta Financial Advisors uses fundamental, technical and charting securities analysis when formulating investment advice for clients. The firm mostly uses long-term purchases as an investment strategy. Occasionally, the firm will use short-term purchases, trading, short sales, margin purchases and option purchases. The firm keeps tax considerations in mind when making investment decisions.
This firm invests in individuals stocks, unlike some firms that tend to stick to exchange-traded funds (ETFs) or mutual funds that invest in equities. At Delta, if you chose an equity portfolio, your account would hold about 35 different stocks in an attempt to diversify. The fixed-income portion of your portfolio would consist of at least 10 different bond positions. Of course, this is all subject to your individual needs and objectives.
Hubbell Strickland Wealth Management
Hubbell Strickland Wealth Management, LLC has a wide variety of financial planning offerings for its clients. The firm provides services like tax planning, retirement planning, insurance planning, trust and estate planning, risk management, charitable gift planning, cash flow forecasting and more. The firm also has a wealth management service that's focused on investment portfolio services.
There are no minimum account size requirements for new clients of Hubbell Strickland. The firm works with a majority of non-high-net-worth individuals and families, though it also has advisory relationships with high-net-worth individuals, retirement plans, businesses and charitable organizations.
Some of the advisors at this fee-based firm can sell securities and insurance products and earn commissions for doing so. While this creates a potential conflict of interest, the firm's fiduciary duty legally requires it to act in clients' best interests, no matter what.
Hubbell Strickland Wealth Management Background
Hubbell Strickland Wealth Management opened in 2019 when Stokes & Hubbell, a former financial advisory firm in New Orleans, divided into Hubbell Strickland and Stokes Family Office, another firm on this list. Today, Hubbell Strickland is principally owned by Steven Hubbell, Todd Hubbell and Carson Strickland, three of the advisors at the firm.
If you work with Hubbell Strickland, you'll have access to three certified financial planners (CFPs) and one chartered financial analyst (CFA).
Hubbell Strickland Wealth Management Investing Strategy
Generally speaking, Hubbell Strickland Wealth Management tends to invest client assets in some combination of individual stocks, bonds, mutual funds, exchange-traded funds (ETFs) and exchange-traded notes (ETNs). When determining which investments are worth including in a portfolio, the firm uses fundamental analysis. This method of analysis utilizes a company's financial statements and quality of their management team to determine its financial strength, which is an indicator of its long-term investment potential.
This firm tailors every portfolio it creates to the client's specific needs and objectives. For example, your portfolio plan will account for your time horizon, risk tolerance, investment preferences, income needs and more.
Montz Harcus Wealth Management
Montz Harcus Wealth Management works with more than 350 clients, about 75% of them are individuals with less than a high net worth. High-net-worth individuals, retirement plans, charitable organizations and businesses all also have advisory relationships with the firms. The firm has a $250,000 minimum investment requirement, though this is negotiable.
Montz Harcus has an exceptionally wide variety of financial planning services. Some of these offerings include monthly cash flow management, investment analysis, debt management, executive compensation review, college savings planning, insurance review, retirement planning, tax planning, estate planning and more. The firm also offers investment management.
Some of the on-staff advisors at this fee-based firm can sell insurance products on a commission basis, which causes a potential conflict of interest. Despite this, the firm is legally bound to act in your best interest due to its fiduciary duty.
Montz Harcus Wealth Management Background
Established in just 2019, Montz Harcus Wealth Management is under the principal ownership of firm president Christine Montz. Montz has more than 35 years of experience in the financial services industry and she has a degree from Louisiana State University (LSU).
Despite being a mid-sized firm, Montz Harcus' team of advisors have a few certifications. These include three certified public accountants (CPAs), three certified financial planners (CFPs), one enrolled agent (EA) and one accredited financial counselor (AFC).
Montz Harcus Wealth Management Investing Strategy
Montz Harcus Wealth Management takes into account a number of personal factors when formulating an investment plan, such as risk tolerance, time horizon and long- and short-term goals. Once this information has been identified and agreed upon, the firm will create an appropriate tactical asset allocation plan for your portfolio.
At this firm, every asset allocation that's put into practice in the name of clients has been heavily diversified. This is done to ensure that your portfolio's performance isn't overly attached to a single area of the market, which could be detrimental if things go downhill. The firm generally invests in equities of all market capitalizations, no-load mutual funds, exchange-traded funds (ETFs), index funds, individual bonds and real estate investment trusts (REITs).
FreeGulliver, LLC works with non-high-net-worth and high-net-worth individuals, pension plans, pooled investment vehicles, charitable organizations and businesses. Of the on-staff advisors, there are two chartered financial analysts (CFAs), one chartered life underwriter (CLU), one chartered financial consultant (ChFC), one accredited estate planner (AEP), one certified financial planner (CFP), one certified public accountant (CPA) and one chartered retirement planning counselor (CRPC).
There is no minimum investment needed to open an account at this firm. However, clients with less than $1 million in investable assets will be charged an additional advisory fee.
FreeGulliver is a fee-based firm, meaning some of its advisors can sell insurance products and earn commissions for doing so. Although this is a potential conflict of interest, the firm has a fiduciary duty to act in your best interest no matter what.
Firm CEO Tripp Friedler founded FreeGulliver in 2001. Friedler has been employed in the financial services industry for about two decades. The firm is co-owned by Friedler and partner Michael Kirschman.
Wealth advisory services are the hallmark of FreeGulliver’s offerings. This suite includes family office services, comprehensive financial planning, asset allocation analysis, asset management, portfolio reporting and performance evaluation. The firm also offers 401(k) advisory and administration services, as well as consulting.
FreeGulliver Investing Strategy
FreeGulliver believes that a well-built asset allocation is the key to any portfolio’s long-term success. So rather than looking for specific securities to invest in, the firm formulates model allocation that are based on your personal risk tolerance, time horizon, investment objectives and need for liquidity. While mutual funds, exchange-traded funds (ETFs) and private pooled investment vehicles are its main investments, it may allocate a portion of your assets to third-party money managers.
ThirtyNorth Investments, LLC is largely focused on serving non-high-net-worth individuals, as 60% of its client base is made up of these accounts. The firm also maintains advisory relationships with high-net-worth individuals, pension plans and businesses. It does not have a minimum opening account size, so technically anyone can become a client of the firm.
Across the firm's advisory staff, there’s one certified investment management analyst (CIMA), one chartered financial analyst (CFA) and one analyst with a certificate in investment performance measurement (CIPM).
ThirtyNorth is a fee-based firm. This indicates that some of the firm’s advisory employees can sell insurance products for a commission. While this situation represents a potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.
ThirtyNorth Investments Background
ThirtyNorth Investments has been in business since 1997. Advisean Partners, LLC, a separate company, owns 95% of the firm’s shares and TNI Holdings, LLC, a holding company, owns the remaining 5%. Managing principal Suzanne Mestayer owns Advisean Partners and principal Fritz Gomila owns TNI Holdings.
If you become a client of ThirtyNorth, you’ll gain access to services like discretionary and non-discretionary investment management, general financial planning, qualified retirement plan consulting, institutional consulting and retirement plan benchmarking.
ThirtyNorth Investments Investing Strategy
ThirtyNorth Investments utilizes a strategic approach when creating clients’ investment portfolios, and believes in a long-term investing philosophy with a solid grounding in investment research. This is as opposed to a short-term mindset that looks to take advantage of more volatile trends in the market. For the most part, the firm invests in some combination of individual stocks, cash, exchange-traded funds (ETFs), exchange-traded notes (ETNs) and mutual funds.
Deane Retirement Strategies
Deane Retirement Strategies, Inc. is the only firm we profiled in New Orleans that is founded and owned by a woman. This is a fee-only firm, which means all of its compensation comes from client-paid charges. The firm works with a collection of high-net-worth individuals, non-high-net-worth individuals and pension plans.
The services at Deane Retirement Strategies, Inc. revolve around retirement planning and investment management. While the firm prefers to work with clients that have at least $1 million ready to invest, the firm does not have a strict minimum investment requirement. However, it does impose a $3,125 minimum quarterly fee, which may be cost-prohibitive for clients with smaller accounts.
Deane Retirement Strategies Background
Deane Retirement Strategies was founded in 1993 by Linda Deane, who currently serves as president, chief compliance officer (CCO) and sole owner. She’s a native of New Orleans and a graduate of Louisiana State University (LSU). Deane has been in the financial services industry for most of her professional life.
According to the firm’s website, Deane was the 100th certified financial planner (CFP) in the U.S. and has a number of additional credentials, including certified retirement counselor (CRC) and accredited investment fiduciary (AIF). Aside from Linda Deane’s advisory certifications, the rest of the firm’s advisory team includes two chartered financial analysts (CFAs), two AIFs, one CFP and one CRC.
Deane Retirement Strategies Investing Strategy
This firm specializes in balanced portfolio management. Deane Retirement says that its portfolio management is guided by four principles: “protect your principal,” “generate sustainable income,” “hedge against inflation” and “sleep at night” (feel comfortable with your investments). To adequately follow this strategy, the firm avoids investment extremes, so you won’t see your portfolio including stocks with high volatility.
Instead, the firm aims for high-quality stocks, bonds and cash. Multiple asset classes are used to build your portfolio to ensure ample diversification. The firm states, “we do not manage portfolios consisting of only stocks or only bonds.” This focus on blended portfolios helps the firm achieve predictable, sustainable income.
Dumaine Investments, LLC is a relatively small financial advisor firm that has about 75 clients to its name. All of these clients are individuals, with a nearly even split between those with and without a high net worth. The firm requires a minimum initial investment of $500,000, though it may waive this in certain situations.
Dumaine Investments' services consist of four main steps: client analysis, financial planning, investment process and ongoing wealth management. When it comes to financial planning services, the firm deals with common topics like taxes, estate planning, retirement cash needs and insurance planning.
As a fee-only firm, 100% of Dumaine Investments' compensation comes from client-paid fees as opposed to third-party commissions.
Dumaine Investments Background
Dumaine Investments is a young firm, as it was founded in 2019 by firm president and sole owner Clifford Favrot. Favrot also helped to found Delta Financial Advisors, another firm on this list.
The advisory staff at this firm includes one chartered financial analyst (CFA) and one certified financial planner (CFP).
Dumaine Investments Investing Strategy
Dumaine Investments uses the personal needs and goals of clients to determine what their investment portfolio will look like. To learn about clients, the firm will discuss topics like their risk tolerance, time horizon, liquidity needs, income needs and financial objectives. This information will directly inform the structure of the client's portfolio.
There are a number of different investments that this firm is willing to include in clients' investment plans. For example, they may invest in stocks, bonds, derivatives, certificates of deposit (CDs), commercial paper, exchange-traded funds (ETFs), mutual funds, money market funds, limited partnerships, municipal securities and options contracts.