New Orleans is the most populous city in the state of Louisiana, so finding a financial advisor can bring endless options.
Benzinga narrowed the top advisors in the city to help you choose the right firm today.
Best Financial Advisors in New Orleans, Louisiana Near You:
- Best for High-Net-Worth Individuals: Waters, Parkerson & Co., LLC
- Best Robo-Advisor: M1 Finance
- Best for Range of Financial Services: Horizon Financial Planning, LLC
- Best for Gen X Investors: Bienvenue Wealth, LLC
- Best Portfolio Analysis: Personal Capital
- Best for Women Impact Investing: ThirtyNorth Investments, LLC
- Best for Individuals and Nonprofits: Plum Street Advisors
Best for High-Net-Worth Individuals: Waters, Parkerson & Co., LLC
Waters, Parkerson & Co. is a fee-only, independent, employee-owned advisor located in downtown New Orleans.
The firm has been around for over 80 years and specializes in personalized investment advice and financial planning for high-net-worth individuals and institutions.
The firm provides financial planning for multi-generational clients in more than 35 states. It uses a disciplined and conservative investment approach and actively manages equity and fixed-income investments.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance is an excellent robo-advisor that has a DIY approach to managing your finances. It gives you complete control of your finances to save and invest your money. M1 boasts over 14,000 5-star ratings and 150,000 users.
M1 lets you do the following for free:
- Build a personalized investment portfolio
- Automate investment scheduling
- Access a portfolio line of credit when your portfolio value reaches $10,000
- Open a checking account to repay loans and set up direct deposits
You can also upgrade to an M1 Plus account for more perks. Borrow at 2% and receive 1% cash back. You can also invest with a 2nd daily trade window. M1 Plus is $125 annually.
Best for Range of Financial Services: Horizon Financial Planning, LLC
Horizon Financial Planning is a financial advisory firm that was founded by William Nunn in 2019. Nunn is a Certified Financial Planner™ (CFP®) — the highest designation in the field.
The firm specializes in transparent advice for a variety of financial services. Services include:
- Asset and debt management
- Cash flow and income
- Tax management
- Charitable giving
- Accumulation and retirement planning
- Insurance and investments
The firm doesn’t provide a 1-size-fits-all solution. It offers advice tailored to your needs and goals.
Best for Gen X Investors: Bienvenue Wealth, LLC
Bienvenue Wealth is a fee-only advisory firm located in the heart of New Orleans. The firm works closely with young professionals — Gen X investors in their 40s and 50s.
The firm specializes in helping you leverage assets today to support your lifestyle tomorrow. Some of its services include tax planning, college funding, retirement planning and real estate investing. It offers its services on a fee-only basis and receives no compensation from any 3rd party.
While the firm does not have a minimum account size, its services are best suited for clients with investable assets in excess of $500,000.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital is a digital money management service that lets you link all your accounts and track your spending patterns. You can use its free investment tools for budgeting, retirement planning, education planning and much more.
Personal Capital offers managed services if you have at least $100,000 in investable assets. Its advisors can help you with tax optimization strategies and create avenues to meet your long- and short-term goals. There’s a 0.89% account management fee, which can go as low as 0.49% if your account balance is larger.
Best for Women Impact Investing: ThirtyNorth Investments, LLC
ThirtyNorth is a majority-women owned firm with offices in New Orleans and Baton Rouge, Louisiana. The firm’s clients are typically high-net-worth individuals and families, retirement plan sponsors and non-profit endowments and foundations. It specializes in offering retirement planning and wealth management services.
ThirtyNorth offers a unique account known as Women Impact Strategy Separately Managed Accounts. This is a carefully-crafted portfolio of 50 companies that lead in gender representation within boards of directors and executive teams.
Best for Individuals and Nonprofits: Plum Street Advisors
Plum Street Advisors is an independent registered advisory firm that offers its services to individuals and nonprofits. The firm adopts a personal approach to planning and an institutional approach to investing. Its Lifetime Financial Model is a tool that projects the rest of your life in terms of income and spending.
The firm helps non-profits with endowment and cash reserves management, fundraising and stewardship of resources. It can assist the board in navigating its fiduciary obligations. Its focus areas for nonprofits include religious institutions, social services and schools.
Frequently Asked Questions
Can financial advisors help mitigate debt?
Yes. A good financial advisor is equipped to help you get rid of your debt. Your advisor can offer tax-optimization strategies, smart investment allocations and other relevant advice to help you bounce back quickly.
Do financial advisors check your credit?
Advisors typically don’t check your credit unless it is required.
Which certifications should my financial planner have?
There are multiple certifications that qualify a financial planner. The top designations for financial planners are Certified Financial Planner™ (CFP®) and Chartered Financial Analyst® (CFA®).
Choose a Financial Advisor in New Orleans
A professional advisor can help you boost your returns by implementing strategies to make the most of your money. Start with our recommendations to find a New Orleans advisor to help you meet your financial goals.
Methodology
To determine the top financial advisors in New Orleans, we pored through all SEC-registered advisory firms who have an office in New Orleans. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.
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