State market data

Wealth management firms in Louisiana

As of October 2, 2026, 168 wealth management firms, including broker-dealer firms, based in Louisiana reported $78.7 billion in regulatory assets under management; the largest by assets was Newedge Advisors, with $43.2 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 168
SEC-registered: 70
State-registered: 98
Regulatory assets under management: $78.7 billion
Client accounts: 169,499
Median firm size: $72.8 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	RAUM
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	$43.2 billion
2	Stokes Family Office LLC	New Orleans	$3.4 billion
3	Waters, Parkerson & Co., LLC	New Orleans	$2.9 billion
4	Summit Financial Wealth Advisors	Lafayette	$1.8 billion
5	Argent Advisors, Inc.	Ruston	$1.7 billion
6	Beam Wealth Advisors, Inc.	Covington	$1.6 billion
7	Second Line Capital, LLC	Metairie	$1.3 billion
8	FPL Capital Management, LLC	Metairie	$1.1 billion
9	Cullen Investment Group	Lafayette	$910.0 million
10	Montz Harcus Wealth Management	New Orleans	$876.3 million

Top 100 in Louisiana

Fastest-growing wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Louisiana, top 10
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	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	57.8%	$27.4 billion
5	Hancock Whitney Investment Services Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	45.3%	$210.6 million
6	Delta Financial Advisors, L.L.C.	Metairie	37.8%	$429.7 million
7	Thirtynorth Investments, LLC	New Orleans	36.2%	$343.5 million
8	Stokes Family Office LLC	New Orleans	35.4%	$2.5 billion
9	Brian Low Financial Group, LLC	Baton Rouge	29.9%	$184.2 million
10	Plum Street Advisors, LLC	New Orleans	28.8%	$359.4 million

Top 100 in Louisiana

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Louisiana, top 10
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	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	50.5%	$12.7 billion
4	Beam Wealth Advisors, Inc.	Covington	47.5%	$499.2 million
5	Abel Hall, LLC	Baton Rouge	42.0%	$285.8 million
6	Plum Street Advisors, LLC	New Orleans	36.7%	$181.1 million
7	Stokes Family Office LLC	New Orleans	29.1%	$1.6 billion
8	Thirtynorth Investments, LLC	New Orleans	25.6%	$236.3 million
9	Montz Harcus Wealth Management	New Orleans	24.8%	$450.6 million
10	FPL Capital Management, LLC	Metairie	24.4%	$563.0 million

Top 100 in Louisiana

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Growth	Starting value
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	50.0%	$5.7 billion
2	Plum Street Advisors, LLC	New Orleans	34.6%	$104.9 million
3	Abel Hall, LLC	Baton Rouge	27.0%	$248.4 million
4	Beam Wealth Advisors, Inc.	Covington	21.7%	$599.9 million
5	Stokes Family Office LLC	New Orleans	20.3%	$1.3 billion
6	Fortune 45, LLC.	Gonzales	18.5%	$101.5 million
7	Thirtynorth Investments, LLC	New Orleans	16.5%	$217.6 million
8	Freegulliver, LLC	New Orleans	16.3%	$393.5 million
9	Montz Harcus Wealth Management	New Orleans	15.0%	$436.4 million
10	Hassell Wealth Management	Houma	13.8%	$202.8 million

Top 100 in Louisiana

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Increase
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	$15.8 billion
2	Stokes Family Office LLC	New Orleans	$876.5 million
3	Second Line Capital, LLC	Metairie	$601.1 million
4	Abel Hall, LLC	Baton Rouge	$419.0 million
5	Summit Financial Wealth Advisors	Lafayette	$378.0 million
6	Beam Wealth Advisors, Inc.	Covington	$286.2 million
7	HMV Wealth Advisors, LLC	Shreveport	$262.2 million
8	Argent Advisors, Inc.	Ruston	$251.4 million
9	FPL Capital Management, LLC	Metairie	$197.5 million
10	Bellingrath Wealth Management, L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	$196.1 million

Top 100 in Louisiana

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Most clients
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	50,020
2	Beam Wealth Advisors, Inc.	Covington	2,258
3	Argent Advisors, Inc.	Ruston	1,503
4	Summit Financial Wealth Advisors	Lafayette	1,265
5	Second Line Capital, LLC	Metairie	1,251
6	Evans Investment Advisors, L.L.C.	Baton Rouge	1,016
7	Crescent City Retirement Group	Metairie	933
8	Hancock Whitney Investment Services Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	912
9	Brian Low Financial Group, LLC	Baton Rouge	874
10	Stokes Family Office LLC	New Orleans	815

Top 100 in Louisiana

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms in Louisiana, top 10
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	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	16.0%	43,106
9	The Archer Consulting Group, LLC	Thibodaux	15.0%	100
10	Stokes Family Office LLC	New Orleans	14.3%	713

Top 100 in Louisiana

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Most accounts
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	103,000
2	Beam Wealth Advisors, Inc.	Covington	5,324
3	Summit Financial Wealth Advisors	Lafayette	3,011
4	Argent Advisors, Inc.	Ruston	2,888
5	Stokes Family Office LLC	New Orleans	2,486
6	Waters, Parkerson & Co., LLC	New Orleans	1,916
7	Adg Wealth Management Group, LLC	Metairie	1,553
8	Montz Harcus Wealth Management	New Orleans	1,531
9	Cullen Investment Group	Lafayette	1,499
10	Meriwether Wealth & Planning, LLC	Minden	1,381

Top 100 in Louisiana

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Most advisory staff
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	515
2	Hancock Whitney Investment Services Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	49
3	Beam Wealth Advisors, Inc.	Covington	27
4	Second Line Capital, LLC	Metairie	24
5	Summit Financial Wealth Advisors	Lafayette	17
6	Argent Advisors, Inc.	Ruston	12
6	Stokes Family Office LLC	New Orleans	12
8	Pelican Investment Advisors, LLC	Baton Rouge	10
9	Freegulliver, LLC	New Orleans	9
9	Going CPAS & Wealth Advisors, LLP	Opelousas	9

Top 100 in Louisiana

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Most high net worth clients
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	13,112
2	Waters, Parkerson & Co., LLC	New Orleans	471
3	Beam Wealth Advisors, Inc.	Covington	445
4	Stokes Family Office LLC	New Orleans	383
5	Evans Investment Advisors, L.L.C.	Baton Rouge	281
6	Second Line Capital, LLC	Metairie	277
7	Argent Advisors, Inc.	Ruston	271
8	Summit Financial Wealth Advisors	Lafayette	268
9	Cullen Investment Group	Lafayette	236
10	Hibernia Wealth Partners, LLC	Baton Rouge	230

Top 100 in Louisiana

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms in Louisiana, top 10
Rank	Firm	City	Most CFP professionals
1	Newedge Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	New Orleans	126
2	Beam Wealth Advisors, Inc.	Covington	11
3	Stokes Family Office LLC	New Orleans	8
4	Argent Advisors, Inc.	Ruston	5
5	Hassell Wealth Management	Houma	4
5	Second Line Capital, LLC	Metairie	4
7	Cullen Investment Group	Lafayette	3
7	BCM Advisors, LLC	Lafayette	3
7	CHF Wealth Management, LLC	Lafayette	3
7	Kropog Financial Group, LLC	Mandeville	3

Top 100 in Louisiana

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Louisiana, top 10
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 wealth firms based in Louisiana, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	35
October 1, 2019	39
October 1, 2020	41
October 4, 2021	44
October 3, 2022	48
October 5, 2023	49
October 1, 2024	53
September 2, 2025	55
October 2, 2026	70

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$14.0 billion
October 1, 2019	$15.7 billion
October 1, 2020	$19.7 billion
October 4, 2021	$24.8 billion
October 3, 2022	$33.3 billion
October 5, 2023	$31.4 billion
October 1, 2024	$40.4 billion
September 2, 2025	$53.7 billion
October 2, 2026	$75.8 billion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	33,348
October 1, 2019	40,254
October 1, 2020	49,562
October 4, 2021	60,255
October 3, 2022	80,699
October 5, 2023	92,899
October 1, 2024	111,765
September 2, 2025	139,338
October 2, 2026	158,460

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$263.3 million
October 1, 2019	$258.6 million
October 1, 2020	$272.8 million
October 4, 2021	$294.5 million
October 3, 2022	$324.0 million
October 5, 2023	$240.4 million
October 1, 2024	$279.1 million
September 2, 2025	$309.6 million
October 2, 2026	$248.4 million

The market in Louisiana now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	168	70	98
Regulatory assets under management	$78.7 billion	$75.8 billion	$2.9 billion
Accounts	169,499	158,460	11,039
Clients	87,288	78,519	8,769
Employees	1,786	1,616	170
Advisory employees	1,034	892	142
Investment adviser representatives	1,108	948	160
Median RAUM	$72.8 million	$248.4 million	$22.7 million
Average RAUM	$507.7 million	$1.1 billion	$33.9 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	88	2	86
RAUM of firms under $100 million	$2.9 billion	$62.0 million	$2.8 billion
Firms $100 million to $250 million	33	32	1
RAUM of firms $100 million to $250 million	$5.5 billion	$5.4 billion	$113.3 million
Firms $250 million to $500 million	16	16	0
RAUM of firms $250 million to $500 million	$6.0 billion	$6.0 billion	$0
Firms $500 million to $1 billion	10	10	0
RAUM of firms $500 million to $1 billion	$7.3 billion	$7.3 billion	$0
Firms $1 billion to $5 billion	7	7	0
RAUM of firms $1 billion to $5 billion	$13.7 billion	$13.7 billion	$0
Firms $5 billion to $10 billion	0	0	0
RAUM of firms $5 billion to $10 billion	$0	$0	$0
Firms $10 billion and up	1	1	0
RAUM of firms $10 billion and up	$43.2 billion	$43.2 billion	$0

Concentration

How much of the market the largest advisers hold.

Concentration: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Top 10 share of RAUM		74.6%
Top 100 share of RAUM		99.0%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	74.6%	77.5%	30.5%
Top 100 share of RAUM	99.0%	No data	No 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: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		94.6%
Charge hourly fees		52.4%
Charge subscription fees		0.6%
Charge fixed fees		67.3%
Receive commissions		4.8%
Charge performance-based fees		3.6%
Other compensation		23.2%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	94.6%	100.0%	90.8%
Charge hourly fees	52.4%	57.1%	49.0%
Charge subscription fees	0.6%	0.0%	1.0%
Charge fixed fees	67.3%	70.0%	65.3%
Receive commissions	4.8%	7.1%	3.1%
Charge performance-based fees	3.6%	5.7%	2.0%
Other compensation	23.2%	11.4%	31.6%

Custody

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

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	25.6%	54.3%	5.1%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Broker-dealer affiliated	3.0%	4.3%	2.0%

New firms and successions

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

New firms and successions, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
New registrations	13	8	5
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	155	68	87
Discretionary RAUM	$74.7 billion	$72.3 billion	$2.4 billion
CFP professionals	247	210	37
25th percentile RAUM	$19.2 million	$159.5 million	$12.5 million
75th percentile RAUM	$218.3 million	$573.4 million	$56.5 million
90th percentile RAUM	$591.9 million	$1.2 billion	$78.9 million
Average account size	$464,284	$478,041	$266,817
Offer financial planning	78.0%	88.6%	70.4%
RAUM growth, one year	No data	41.1%	No data

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

Cities

New Orleans 26 independent RIAs, $11.0 billion
Metairie 20 independent RIAs, $4.5 billion
Lafayette 17 independent RIAs, $4.4 billion
Baton Rouge 29 independent RIAs, $3.2 billion
Covington 7 independent RIAs, $2.7 billion
Shreveport 11 independent RIAs, $2.3 billion
Mandeville 9 independent RIAs, $1.1 billion

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.