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Best Financial Advisors in New Orleans

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

New Orleans, LA
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Price: Free consultation

Besselman Wealth Planners logo
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Besselman Wealth Planners

111 Veterans Boulevard, Metairie, LA 70005
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  • Estate Planning
  • Retirement Planning

Business Description

Besselman Wealth Planners is a wealth management firm serving individuals and businesses in New Orleans. Its services include investment management and financial guidance for retirement, estate, insurance, and college funding. Additionally, its corporate investment advisor representatives offer help with business continuation planning and key man life insurance. Its president, Patricia Ann Besselman-Main, is a Certified Financial Planner and a recipient of the 2014 Gambit Magazine's 40 Under 40 award. She has been in the industry for over 15 years.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Bezou Financial Planning Group logo
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Bezou Financial Planning Group

422 Harrison Avenue, New Orleans, LA 70124
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  • Retirement Planning

Business Description

Bezou Financial Planning Group is a local investment firm that provides personalized financial planning services in New Orleans and nearby areas. Its team of financial advisors creates investment strategies tailored to clients' specific requirements. They offer retirement planning, lifestyle assessment, estate management, insurance strategy, and tax preparation. Jason Bezou, the firm's founder, decided to start his firm as he was handpicked by Capital One Investing and Woodbury Financial and other 33 advisors to continue handling their clients.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Bienvenue Wealth LLC logo
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Bienvenue Wealth LLC

1100 Poydras Street, New Orleans, LA 70163
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  • Certified Financial Planner (CFP)

Business Description

Bienvenue Wealth LLC is a registered investment advisor (RIA) firm that serves New Orleans and the surrounding communities. The company works closely with GenX investors — those in their 40s and 50s — to help them make informed financial decisions. Its broad spectrum of services includes executive compensation reviews, retirement and distribution planning, cash flow analysis, and risk and investment management. Michael G. Rivas founded the firm in 2010. He also previously served as vice president of BNP Securities USA.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Bill Hrapmann Wealth Advisor, Inc. logo
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Bill Hrapmann Wealth Advisor, Inc.

4012 Lonesome Road, Mandeville, LA 70448
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  • Certified Financial Planner (CFP)

Business Description

Bill Hrapmann Wealth Advisor, Inc., is a financial services firm that serves residents of New Orleans and the surrounding metro areas. It has over 38 years of experience in asset management, retirement planning, portfolio rebalancing, and estate planning. Its professional financial advisors work to grow, secure, and pass on clients' wealth through wills, trusts, and tax planning. William "Bill" Hrapmann Jr., the company's president, has been in the financial services industry since 1982.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Deane Retirement Strategies logo
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Deane Retirement Strategies

1100 Poydras Street, New Orleans, LA 70163
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Founded in New Orleans over 45 years ago, Deane Retirement Strategies has been providing clients with advice that helps them reach their financial goals. Its services include personalized retirement planning solutions, investment management, income management, and wealth accumulation strategies. In addition, the company's CFPs and CFAs manage over $200 million in assets. Deane Retirement Strategies also makes investment selections and rebalancing allocations in line with its clients' risk profiles, updating them through performance reports and review meetings.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Faubourg Private Wealth logo
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Faubourg Private Wealth

2800 Veterans Memorial Boulevard, Metairie, LA 70002
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Faubourg Private Wealth is a team of financial advisors serving clients in New Orleans and the surrounding areas. The team offers wealth management services, which include direct asset management, investment advisory services, and risk-conscious investing. They also provide fee-based financial planning, philanthropic planning, retirement planning, and tax planning services. Managing partner P. David Soliman is a Private Wealth Advisor and CPFA who has more than 15 years of experience in the financial services industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Ferro Financial logo
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Ferro Financial

Baton Rouge, LA 70809
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Business Description

Ferro Financial has been providing clients with outstanding comprehensive financial planning and investment advisory services for more than a decade. The New Orleans-area firm specializes in delivering objective, unbiased advice that helps clients discover the path to financial independence. Clients can rely on the team of financial professionals at Ferro Financial to provide the highest level of expertise while providing personalized service.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Financial Consulting Group, Inc logo
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Financial Consulting Group, Inc

111 Veterans Memorial Boulevard, Metairie, LA 70005
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  • Certified Financial Planner (CFP)

Business Description

Financial Consulting Group, Inc brings over 70 years of combined industry experience to provide financial guidance to individuals and business owners in New Orleans, Metairie, and nearby areas. Professionals assist clients in goal planning, executive solutions, and tax planning strategies, helping them prepare for future eventualities such as retirement, college, and charitable donations. It also designs investment portfolios according to each client's risk profile and financial goals. Financial Consulting Group, Inc manages over $260 million of assets for its clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
First Security Financial Wealth Manager, Inc. logo
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First Security Financial Wealth Manager, Inc.

3501 N Causeway Blvd Ste 101, Metairie, LA 70002
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  • Retirement Planning

Business Description

First Security Financial Wealth Manager, Inc., is a company that serves individuals and businesses throughout the Greater New Orleans metro. It helps clients obtain financial freedom by providing them with a myriad of services, including investment management, long-term care, income, social security, and retirement planning. Michael Binger, the agency's senior portfolio manager, holds the CFA designation. He has appeared on several media channels like Bloomberg TV and CNBC and has also been quoted in Business Week, The Wall Street Journal, and Reuters.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (7)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Gulf Point Advisors logo
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Gulf Point Advisors

639 Loyola Avenue, New Orleans, LA 70113
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  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

Gulf Point Advisors is a financial services company that assists New Orleans residents. Its team, which has more than 130 years of collective industry experience, customize financial plans for clients, whether to preserve family wealth and protect assets or to respond to life transitions such as career changes or retirement. Furthermore, the financial advisors create and implement investment strategies. Gulf Point Advisors gives back to the community by supporting multiple organizations, including Homes of Hope for Children and The Redeemer's School.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Next Choice Financial logo
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Next Choice Financial

New Orleans, LA
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Business Description

Next Choice Financial is a full-service credit education and building firm that serves the residents of New Orleans and the surrounding areas. Its team helps individuals build their credit accounts by disputing inaccurate or unverifiable information. It disputes items such as inquiries, late payments, charge-offs, collections, and medical bills. Clients are also provided with credit profile builder tools and services through the company's 24/7 client portal. Other services offered include credit monitoring. Next Choice Financial was established in 2020.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (30)
Google
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Plan Wisely logo
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Plan Wisely

3815 Macarthur Boulevard, New Orleans, LA 70114
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  • Estate Planning
  • Retirement Planning

Business Description

Plan Wisely is a financial advisory firm in New Orleans that offers assistance in various areas, including IRAs, 401(k)s, and tax planning. The company focuses on providing solutions such as investment management, financial and retirement planning, and life insurance to help clients grow and protect their wealth. Erik Garcia, the firm's principal, is a Certified Financial Planner. He hosts a podcast entitled, "Building Us," which talks about people's relationships with the community and with money.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Resource Management LLC logo
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Resource Management LLC

3330 West Esplanade Avenue, Metairie, LA 70002
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  • Certified Financial Planner (CFP)

Business Description

Resource Management LLC is an advisory firm that focuses on providing a wide range of financial services to the residents of New Orleans and the surrounding areas. It offers family enterprise advising, asset management, and financial planning services that adhere to fiduciary standards. The firm's professionals also help solve complicated estate, tax, and investment issues, applying technical strategies to produce the desired result. The company has been recognized by the Financial Times as one of the top financial advisors in the U.S. for 7 consecutive years.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Sloan Financial Services logo
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Sloan Financial Services

3421 North Causeway Boulevard, Metairie, LA 70002
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  • Retirement Planning
  • Insurance Products

Business Description

Since its establishment in 1994, Sloan Financial Services has been providing clients with financial advisory solutions for wealth protection and growth. The firm offers financial management and advice to individuals and businesses in various areas, including retirement and estate planning, insurance and investment planning, and employee and executive benefits. Founder Jack L. Sloan is a Certified Financial Planner and a tax accountant. He also currently serves on the board of the Jefferson Chamber of Commerce.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Planning Center logo
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The Planning Center

2727 Prytania Street, New Orleans, LA 70130
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

The Planning Center is a financial advisory firm with offices in various cities across the US, including New Orleans, Chicago, and Fresno. The company's certified financial planners provide various financial solutions, including asset and debt management, asset protection and preservation, investment management, and retirement planning. The Planning Center's professionals possess over 232 years of combined industry experience. Additionally, they provide tax planning and preparation, including corporate tax and trust tax returns.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Thirty North Investments, LLC logo
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Thirty North Investments, LLC

1100 Poydras Street, New Orleans, LA 70163
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  • Retirement Planning

Business Description

Since its formation over 20 years ago, Thirty North Investments, LLC has been providing high-net-worth individuals and their family members financial and investment guidance. The firm provides assistance in wealth management, retirement planning, and impact investing to maximize and protect wealth. Its investment professionals use evidence-based decision-making before allocating assets to specific investments. Managing principal, Suzanne T. Mestayer holds a CIMA certification. She also served on the board of the Federal Reserve of Atlanta.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
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TruWealth logo
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TruWealth

701 Poydras Street, New Orleans, LA 70139
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  • Certified Financial Planner (CFP)

Business Description

TruWealth is a financial planning and wealth advisory firm serving the New Orleans metro. Its services include fiduciary financial planning, asset management, and asset planning. It has a team of financial specialists who are dedicated to giving unbiased advice and helping clients achieve their financial goals. The firm's founder, Charles L. Simmons, began his financial services journey in 1991. Over the years, he has received national recognition from various organizations, such as the Financial Times, Forbes, and Barron's Magazine.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Back to Providers

Frequently Asked Questions

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.

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.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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