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Best Financial Advisors in Lake Charles, LA

Our Recommended Top 7

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Lake Charles Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

24Reviewed

17Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Lake Charles, LA
Free Consultation

Expertise.com Rating

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Lake Charles, LA

Expertise.com Rating

Why choose this provider?

Need help contacting a Financial Advisor in Lake Charles? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

2201 Lake St Ste 104, Lake Charles, LA 70601

Why choose this provider?

Abate & Eckard Financial Advisors is a firm that has been serving individuals in Lake Charles and surrounding locations since 2016. It assists in creating financial plans and providing appropriate strategies based on clients' vision and goals. It also offers other financial services such as retirement planning, investment management, insurance, and tax management. One of its co-founders, Eva Abate, is a Certified Financial Planner that has been in the financial services and banking industry for more than 28 years.

  • Certified Financial Planner (CFP)

4965 Elliott Road, Lake Charles, LA 70605

Why choose this provider?

Oak Grove Wealth Partners serves clients in the Lake Charles metro. It creates personalized strategies that use a combination of financial products and services to address the needs of its clients under its comprehensive wealth management service. It also provides legacy planning services and helps clients prepare to bequeath their assets to their descendants after death. In addition, it conducts tax planning to assist clients in reducing their tax liability. Oak Grove Wealth Partners offers philanthropy services for successful families, professionals, and business owners.

  • Certified Financial Planner (CFP)

2356 East McNeese Street Suite 100, Lake Charles, LA 70607

Why choose this provider?

Ferdinandsen Financial Group is a financial advisory firm that serves the needs of clients in and around Lake Charles. The firm offers financial planning, financial assessment, goal setting, and insurance planning services for clients who want to be able to manage their wealth well. Additionally, financial advisors assist clients with retirement planning, investment management, estate and charitable planning, and Social Security analysis to help clients prepare for their future. Founder and principal Butch Ferdinandsen is a Certified Financial Planner who has been in the industry for over 20 years.

  • Certified Financial Planner (CFP)

4841 Ihles Road, Lake Charles, LA 70605

Expertise.com Rating

Why choose this provider?

FMP - Lake Charles has been offering financial advice since 1987. An affiliate of the FMP Wealth Advisors group, it provides wealth management services such as settling cash flow, selecting insurance coverage, and preparing for retirement with a stable income even after leaving the workforce. Its team also advises clients on creating investment portfolios that suit their risk tolerance. Managing partner Adam Todd is a Certified Financial Planner with more than 20 years of industry experience.

  • Certified Financial Planner (CFP)

P.O. Box 188, Lake Charles, LA 70602

Expertise.com Rating

Why choose this provider?

Toujours Planning serves individuals, families, and business owners in Lake Charles. The firm offers a comprehensive financial planning service that involves risk, loan, and debt assessments, retirement and insurance planning, and investment and asset management. Its financial advisors design each plan to sustain the kind of lifestyle the client envisions, whether the client wants to have a work-optional life or be able to build their dream house in a few years. The Toujours team includes Certified Financial Planners, Dustin R. Granger, and Danielle Granger Nava.

  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
SmartAdvisor by SmartAsset
Lake Charles, LAFree Consultation
Abate & Eckard Financial Advisors
2201 Lake St Ste 104, Lake Charles, LA 70601
Oak Grove Wealth Partners
4965 Elliott Road, Lake Charles, LA 70605
Ferdinandsen Financial Group
2356 East McNeese Street Suite 100, Lake Charles, LA 70607
FMP - Lake Charles
4841 Ihles Road, Lake Charles, LA 70605
Toujours Planning
P.O. Box 188, Lake Charles, LA 70602

FAQs

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • What constitutes a bear market, and what can investors in Lake Charles do to protect their assets from it?

    A broad market index typically experiences a bear market when it declines by 20% or more from its most recent high. Bear markets are characterized by a sustained decline in investment prices. Investors in Lake Charles can seek the help of a financial advisor and look for ways to diversify their assets, such as dividend-paying stocks and bonds. They can also invest in industries that perform well during recessions.

  • What should individuals in Lake Charles do if they receive an inheritance?

    People in Lake Charles should first evaluate their short-term and long-term financial goals when they receive an inheritance. This includes paying off outstanding debts, boosting retirement savings, funding their children's college education, and minimizing estate and income taxes. They should review their present insurance coverage and, if necessary, purchase umbrella liability insurance to protect themselves against legal action. Additionally, those who receive inheritances must re-assess their estate plans.

  • What are the different ways for people in Lake Charles to withdraw their retirement savings?

    There are three retirement plan distribution options for individuals in Lake Charles: systematic withdrawals, lifetime annuities, and lump-sum distributions. Systematic withdrawals are a kind of retirement distribution in which account holders can take a set amount or percentage of their account value on a regular basis. Conversely, lifetime annuities transform the retirees' account balance into secured monthly payments determined by their life expectancy. Lastly, a lump-sum distribution refers to taking out the entire balance in one payment.

  • Are there tax-free investments in Lake Charles?

    People in Lake Charles can invest in municipal bonds, which are issued by the state government to pay for capital costs such as highway development, schools, and bridges. In general, these are free from federal taxes. They are also exempt from state taxes if the investors reside in the state. Municipal bonds in Lake Charles can enjoy state tax exemptions because Louisiana provides interest and dividend exemptions to state obligations.

  • How can military families in Lake Charles manage their personal finances?

    Military families in Lake Charles can manage their personal finances by utilizing government services. The Savings Deposit Program, for example, allows personnel serving in specified war zones to deposit up to $10,000 and get a maximum return of 10%. They can also contribute to a Roth IRA, which allows them to make tax-free contributions and withdrawals in retirement. The Louisiana Department of Veterans Affairs (LDVA) has programs that can help veterans with their finances, such as MFA and long-term care.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.