Finding a Top Financial Advisor Firm in New Orleans, Louisiana
Are you a New Orleans, Louisiana resident looking for a new financial advisor firm to work with? 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. SmartAsset’s financial advisor matching tool offers a more personalized touch, as it takes your answers to a short questionnaire and pairs you 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||$1,532,189,675||$10,000 minimum annual fee|| || |
Minimum Assets$10,000 minimum annual fee
|2||Crescent Capital Consulting, LLC Find an Advisor||$617,575,329||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Delta Financial Advisors Find an Advisor||$408,242,502||$500,000|| || |
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|4||FreeGulliver, LLC Find an Advisor||$260,621,291||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||ThirtyNorth Investments, LLC Find an Advisor||$153,533,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Deane Retirement Strategies, Inc. Find an Advisor||$133,073,485||Varies based on account type|| || |
Minimum AssetsVaries based on account type
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 didn’t offer financial planning services, didn’t manage individual accounts or had disclosures on their Form ADV. The remaining firms are listed below, ordered from the most assets under management (AUM) to the least.
Waters, Parkerson & Co., LLC
Waters, Parkerson & Co., LLC is the largest firm on our list, and it isn’t even close. In fact, the firm has $1.53 billion in assets under management (AUM), which more than doubles the AUM of second-place Crescent Capital Consulting, LLC. Despite the large amount of assets under management, the firm has just five 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 individuals, high-net-worth individuals, charitable organizations, businesses and pension plans.
Waters, Parkerson & Co., LLC Background
Founded in 1933, Waters, Parkerson & Co. is far and away the oldest firm 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 managing partner David Pointer and partners Michael Whealdon, 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., LLC 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.
Crescent Capital Consulting, LLC
With 13 advisors to its name, fee-only Crescent Capital Consulting, LLC can offer more advisors than any other firm on this list. However, this team includes just one certified financial planner (CFP) and one chartered financial analyst (CFA). In total, the firm boasts $617 million in assets under management (AUM).
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, LLC Background
Crescent Capital Consulting opened for business in 2010, making it the youngest firm on this list. Its leadership team includes president Andrew Wisdom, executive VP of operations Luis Zervigon, executive VP and chief compliance officer (CCO) Sheridan Grace and executive VP of business development Bryan Fitzpatrick.
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, LLC 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 the all-important information above, 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 $408 million in assets under management (AUM). The firm has the fewest number of advisors on this list, with just three advisors on staff.
Delta Financial Advisors has the highest minimum on this list, at $500,000. It reserves the right to adjust this requirement at its own discretion. This firm manages just over 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. Plauché is a chartered financial analyst (CFA), and Favrot is a certified financial planner (CFP) and a CFA.
Delta’s third principal owner, Ainsley Bishop, has 16 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.
FreeGulliver, LLC has $260 million in assets under management (AUM). There are eight financial advisors on staff, including one chartered life underwriter (CLU), one chartered financial consultant (ChFC), one accredited estate planner (AEP), one chartered financial analyst (CFA) and one chartered retirement planning counselor (CRPC).
The firm works with individuals, high-net-worth individuals, pension plans, pooled investment vehicles, charitable organizations and businesses. There is no minimum needed to open an account at this firm.
FreeGulliver is a fee-based firm, meaning some of its advisors can sell insurance policies 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.
This is the only firm on this list that charges performance-based fees as part of its fee schedule.
FreeGulliver, LLC Background
Firm CEO Tripp Friedler founded FreeGulliver, LLC 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, LLC 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
ThirtyNorth Investments, LLC is largely focused on non-high-net-worth individuals, as 70% 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.
Four financial advisors manage ThirtyNorth’s $153 million in client assets under management (AUM). Across this staff, there’s just one certified investment management analyst (CIMA).
ThirtyNorth is a fee-based firm. This indicates that some of the firm’s advisory employees can sell insurance policies for a commission. While this represents a potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in your best interest.
ThirtyNorth Investments, LLC Background
ThirtyNorth Investments has been in business since 1997. Advisean Partners, LLC owns 95% of the firm’s shares and TNI Holdings, LLC holds the remaining 5%. Managing principal Suzanne Mestayer owns Advisean 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, LLC 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, Inc.
Deane Retirement Strategies, Inc. is the only firm we profiled in New Orleans that is founded and owned by a woman. This fee-only firm employs five financial advisors that manage $133 million in clients’ investable assets. The firm works with a collection of high-net-worth individuals, 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 amount. However, it does impose the following minimum fees, which may be cost-prohibitive for clients with smaller account sizes:
- Standard Platform: $3,750 minimum quarterly fee
- Wealth Accumulation Platform: $2,000 minimum quarterly fee
Deane Retirement Strategies, Inc. Background
Deane Retirement Strategies, Inc. was founded in 1993 by Linda Deane, who currently serves as president 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 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, Inc. 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.