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Independent RIAs in Louisiana

As of October 2, 2026, 161 independent wealth management RIAs based in Louisiana reported $34.7 billion in regulatory assets under management; the largest by assets was Stokes Family Office LLC, with $3.4 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
161
SEC-registered
66
State-registered
95
Regulatory assets under management
$34.7 billion
Client accounts
63,975
Median firm size
$70.5 million
Broker-dealer affiliated firms, not included
7, with $44.0 billion

Louisiana has not adopted IAR continuing education. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Louisiana.

Top firms in Louisiana

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Stokes Family Office LLC New Orleans $3.4 billion
2 Waters, Parkerson & Co., LLC New Orleans $2.9 billion
3 Summit Financial Wealth Advisors Lafayette $1.8 billion
4 Argent Advisors, Inc. Ruston $1.7 billion
5 Beam Wealth Advisors, Inc. Covington $1.6 billion
6 Second Line Capital, LLC Metairie $1.3 billion
7 FPL Capital Management, LLC Metairie $1.1 billion
8 Cullen Investment Group Lafayette $910.0 million
9 Montz Harcus Wealth Management New Orleans $876.3 million
10 Freegulliver, LLC New Orleans $836.6 million

Top 100 in Louisiana

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Abel Hall, LLC Baton Rouge 104.7% $400.1 million
2 HMV Wealth Advisors, LLC Shreveport 85.9% $305.2 million
3 Second Line Capital, LLC Metairie 83.1% $723.0 million
4 Delta Financial Advisors, L.L.C. Metairie 37.8% $429.7 million
5 Thirtynorth Investments, LLC New Orleans 36.2% $343.5 million
6 Stokes Family Office LLC New Orleans 35.4% $2.5 billion
7 Brian Low Financial Group, LLC Baton Rouge 29.9% $184.2 million
8 Plum Street Advisors, LLC New Orleans 28.8% $359.4 million
9 Summit Financial Wealth Advisors Lafayette 26.6% $1.4 billion
10 Fortune 45, LLC. Gonzales 25.9% $188.7 million

Top 100 in Louisiana

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 HMV Wealth Advisors, LLC Shreveport 68.8% $117.9 million
2 Second Line Capital, LLC Metairie 67.9% $279.9 million
3 Beam Wealth Advisors, Inc. Covington 47.5% $499.2 million
4 Abel Hall, LLC Baton Rouge 42.0% $285.8 million
5 Plum Street Advisors, LLC New Orleans 36.7% $181.1 million
6 Stokes Family Office LLC New Orleans 29.1% $1.6 billion
7 Thirtynorth Investments, LLC New Orleans 25.6% $236.3 million
8 Montz Harcus Wealth Management New Orleans 24.8% $450.6 million
9 FPL Capital Management, LLC Metairie 24.4% $563.0 million
10 Brian Low Financial Group, LLC Baton Rouge 24.0% $125.6 million

Top 100 in Louisiana

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Plum Street Advisors, LLC New Orleans 34.6% $104.9 million
2 Abel Hall, LLC Baton Rouge 27.0% $248.4 million
3 Beam Wealth Advisors, Inc. Covington 21.7% $599.9 million
4 Stokes Family Office LLC New Orleans 20.3% $1.3 billion
5 Fortune 45, LLC. Gonzales 18.5% $101.5 million
6 Thirtynorth Investments, LLC New Orleans 16.5% $217.6 million
7 Freegulliver, LLC New Orleans 16.3% $393.5 million
8 Montz Harcus Wealth Management New Orleans 15.0% $436.4 million
9 Hassell Wealth Management Houma 13.8% $202.8 million
10 Walter C. Flower & Co., Inc New Orleans 13.5% $313.6 million

Top 100 in Louisiana

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Stokes Family Office LLC New Orleans $876.5 million
2 Second Line Capital, LLC Metairie $601.1 million
3 Abel Hall, LLC Baton Rouge $419.0 million
4 Summit Financial Wealth Advisors Lafayette $378.0 million
5 Beam Wealth Advisors, Inc. Covington $286.2 million
6 HMV Wealth Advisors, LLC Shreveport $262.2 million
7 Argent Advisors, Inc. Ruston $251.4 million
8 FPL Capital Management, LLC Metairie $197.5 million
9 Waters, Parkerson & Co., LLC New Orleans $174.1 million
10 Lyons Capital Group Shreveport $165.9 million

Top 100 in Louisiana

Independent RIAs with the most clients

Rank Firm City Most clients
1 Beam Wealth Advisors, Inc. Covington 2,258
2 Argent Advisors, Inc. Ruston 1,503
3 Summit Financial Wealth Advisors Lafayette 1,265
4 Second Line Capital, LLC Metairie 1,251
5 Evans Investment Advisors, L.L.C. Baton Rouge 1,016
6 Crescent City Retirement Group Metairie 933
7 Brian Low Financial Group, LLC Baton Rouge 874
8 Stokes Family Office LLC New Orleans 815
9 Waters, Parkerson & Co., LLC New Orleans 794
10 Montz Harcus Wealth Management New Orleans 707

Top 100 in Louisiana

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 Thirtynorth Investments, LLC New Orleans 53.5% 155
2 Delta Financial Advisors, L.L.C. Metairie 27.6% 170
3 FPL Capital Management, LLC Metairie 25.6% 258
4 Graham, Bordelon, Golson & Gilbert, Inc. Monroe 24.7% 178
5 Vines Capital Management, LLC Monroe 21.7% 189
6 Regatta Research & Money Management L.L.C. Metairie 19.4% 464
7 Colomb Investment Management Company, LLC Metairie 19.1% 493
8 The Archer Consulting Group, LLC Thibodaux 15.0% 100
9 Stokes Family Office LLC New Orleans 14.3% 713
10 Summit Financial Wealth Advisors Lafayette 13.5% 1,115

Top 100 in Louisiana

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 Beam Wealth Advisors, Inc. Covington 5,324
2 Summit Financial Wealth Advisors Lafayette 3,011
3 Argent Advisors, Inc. Ruston 2,888
4 Stokes Family Office LLC New Orleans 2,486
5 Waters, Parkerson & Co., LLC New Orleans 1,916
6 Adg Wealth Management Group, LLC Metairie 1,553
7 Montz Harcus Wealth Management New Orleans 1,531
8 Cullen Investment Group Lafayette 1,499
9 Meriwether Wealth & Planning, LLC Minden 1,381
10 Regatta Research & Money Management L.L.C. Metairie 1,371

Top 100 in Louisiana

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Beam Wealth Advisors, Inc. Covington 27
2 Second Line Capital, LLC Metairie 24
3 Summit Financial Wealth Advisors Lafayette 17
4 Argent Advisors, Inc. Ruston 12
4 Stokes Family Office LLC New Orleans 12
6 Pelican Investment Advisors, LLC Baton Rouge 10
7 Freegulliver, LLC New Orleans 9
7 Going CPAS & Wealth Advisors, LLP Opelousas 9
9 Colomb Investment Management Company, LLC Metairie 8
10 Abel Hall, LLC Baton Rouge 7

Top 100 in Louisiana

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 Waters, Parkerson & Co., LLC New Orleans 471
2 Beam Wealth Advisors, Inc. Covington 445
3 Stokes Family Office LLC New Orleans 383
4 Evans Investment Advisors, L.L.C. Baton Rouge 281
5 Second Line Capital, LLC Metairie 277
6 Argent Advisors, Inc. Ruston 271
7 Summit Financial Wealth Advisors Lafayette 268
8 Cullen Investment Group Lafayette 236
9 Hibernia Wealth Partners, LLC Baton Rouge 230
10 Montz Harcus Wealth Management New Orleans 220

Top 100 in Louisiana

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 Beam Wealth Advisors, Inc. Covington 11
2 Stokes Family Office LLC New Orleans 8
3 Argent Advisors, Inc. Ruston 5
4 Hassell Wealth Management Houma 4
4 Second Line Capital, LLC Metairie 4
6 Cullen Investment Group Lafayette 3
6 BCM Advisors, LLC Lafayette 3
6 CHF Wealth Management, LLC Lafayette 3
6 Kropog Financial Group, LLC Mandeville 3
6 Plum Street Advisors, LLC New Orleans 3

Top 100 in Louisiana

Newest independent RIAs

Rank Firm City Amount
1 Fletcher Financial Group West Monroe $133.0 million
2 JCN Financial & Tax Advisory Group, LLC Baton Rouge $130.5 million
3 Pelican Investment Advisors, LLC Baton Rouge $128.5 million
4 WMS Group LLC Folsom $125.3 million
5 Pelican Advisory LLC Covington $119.0 million
6 Advocacy Financial LLC Covington $103.4 million
7 Schayot Financial LLC Metairie $72.8 million
8 Cavanaugh Wealth Management LLC Baton Rouge $16.4 million
9 Horizon Capital Management, Inc. Lafayette $2.6 million
10 Rainier Wealth Planning, LLC Baton Rouge $0

Top 100 in Louisiana

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Louisiana, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
02040608020182020202120232024202666October 1, 2018: 32October 1, 2019: 36October 1, 2020: 39October 4, 2021: 40October 3, 2022: 44October 5, 2023: 46October 1, 2024: 50September 2, 2025: 52October 2, 2026: 66
Data table
As ofFirms
October 1, 201832
October 1, 201936
October 1, 202039
October 4, 202140
October 3, 202244
October 5, 202346
October 1, 202450
September 2, 202552
October 2, 202666
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$10B$20B$30B$40B201820202021202320242026$31.9BOctober 1, 2018: $12.3 billionOctober 1, 2019: $13.9 billionOctober 1, 2020: $18.7 billionOctober 4, 2021: $17.8 billionOctober 3, 2022: $18.5 billionOctober 5, 2023: $17.9 billionOctober 1, 2024: $39.4 billionSeptember 2, 2025: $26.0 billionOctober 2, 2026: $31.9 billion
Data table
As ofRegulatory assets under management
October 1, 2018$12.3 billion
October 1, 2019$13.9 billion
October 1, 2020$18.7 billion
October 4, 2021$17.8 billion
October 3, 2022$18.5 billion
October 5, 2023$17.9 billion
October 1, 2024$39.4 billion
September 2, 2025$26.0 billion
October 2, 2026$31.9 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
050K100K150K20182020202120232024202653.7KOctober 1, 2018: 29,197October 1, 2019: 35,535October 1, 2020: 46,555October 4, 2021: 35,639October 3, 2022: 35,801October 5, 2023: 42,429October 1, 2024: 109,010September 2, 2025: 55,473October 2, 2026: 53,666
Data table
As ofClient accounts
October 1, 201829,197
October 1, 201935,535
October 1, 202046,555
October 4, 202135,639
October 3, 202235,801
October 5, 202342,429
October 1, 2024109,010
September 2, 202555,473
October 2, 202653,666
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M$400M201820202021202320242026$248MOctober 1, 2018: $249.9 millionOctober 1, 2019: $252.0 millionOctober 1, 2020: $266.8 millionOctober 4, 2021: $283.1 millionOctober 3, 2022: $293.5 millionOctober 5, 2023: $238.6 millionOctober 1, 2024: $284.1 millionSeptember 2, 2025: $313.5 millionOctober 2, 2026: $248.4 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$249.9 million
October 1, 2019$252.0 million
October 1, 2020$266.8 million
October 4, 2021$283.1 million
October 3, 2022$293.5 million
October 5, 2023$238.6 million
October 1, 2024$284.1 million
September 2, 2025$313.5 million
October 2, 2026$248.4 million

The market in Louisiana now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms1616695
Regulatory assets under management$34.7 billion$31.9 billion$2.8 billion
Accounts63,97553,66610,309
Clients35,17827,0978,081
Employees650485165
Advisory employees459321138
Investment adviser representatives486331155
Median RAUM$70.5 million$248.4 million$21.9 million
Average RAUM$234.2 million$498.4 million$33.0 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million85283
RAUM of firms under $100 million$2.7 billion$62.0 million$2.7 billion
Firms $100 million to $250 million31301
RAUM of firms $100 million to $250 million$5.2 billion$5.1 billion$113.3 million
Firms $250 million to $500 million15150
RAUM of firms $250 million to $500 million$5.7 billion$5.7 billion$0
Firms $500 million to $1 billion10100
RAUM of firms $500 million to $1 billion$7.3 billion$7.3 billion$0
Firms $1 billion to $5 billion770
RAUM of firms $1 billion to $5 billion$13.7 billion$13.7 billion$0
Firms $5 billion to $10 billion000
RAUM of firms $5 billion to $10 billion$0$0$0
Firms $10 billion and up000
RAUM of firms $10 billion and up$0$0$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 47.2%
Top 100 share of RAUM 98.3%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM47.2%51.3%32.4%
Top 100 share of RAUM98.3%No dataNo data

How advisers are paid

Share of advisers reporting each form of compensation on Form ADV Item 5.E. A firm can report several.

How advisers are paid: independent RIAsAs of October 2, 2026.
Charge a percentage of assets 94.4%
Charge hourly fees 52.8%
Charge subscription fees 0.6%
Charge fixed fees 67.7%
Receive commissions 4.3%
Charge performance-based fees 3.7%
Other compensation 23.6%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets94.4%100.0%90.5%
Charge hourly fees52.8%57.6%49.5%
Charge subscription fees0.6%0.0%1.1%
Charge fixed fees67.7%71.2%65.3%
Receive commissions4.3%6.1%3.2%
Charge performance-based fees3.7%6.1%2.1%
Other compensation23.6%12.1%31.6%

Custody

Advisers reporting custody of client cash or securities on Form ADV Item 9.

MeasureIndependent RIAsSEC-registeredState-registered
Have custody25.5%54.5%5.3%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated0.6%1.5%0.0%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

MeasureIndependent RIAsSEC-registeredState-registered
New registrations1385
SuccessionsNo data0No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM1486484
Discretionary RAUM$32.4 billion$30.0 billion$2.4 billion
CFP professionals1178334
25th percentile RAUM$18.9 million$159.5 million$11.9 million
75th percentile RAUM$214.9 million$573.4 million$51.3 million
90th percentile RAUM$591.6 million$1.0 billion$78.4 million
Average account size$541,902$594,350$268,869
Offer financial planning78.3%90.9%69.5%
RAUM growth, one yearNo data22.8%No data

As of October 2, 2026. Definitions of every measure are on the methodology page.

Cities

Cities with at least five independent RIAs.

Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.