# 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.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/louisiana/

## Facts

- state: Louisiana
- code: LA
- population: Independent wealth management RIAs: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. Asset managers, private fund managers and pension consultants are not in the directory.
- latest: independent: accounts: 63975, firms: 161, median_raum: 70532969, raum: 34668173713, advisory_employees: 459, avg_account: 541901.89469324, band_100m_250m: 31, band_100m_250m_raum: 5210139778, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 7, band_1b_5b_raum: 13731518797, band_250m_500m: 15, band_250m_500m_raum: 5738254717, band_500m_1b: 10, band_500m_1b_raum: 7267768256, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 85, band_lt100m_raum: 2720492165, bd_affiliated_share: 0.0062111801242236, cfp_professionals: 117, clients: 35178, custody_share: 0.254658385093168, employees: 650, fee_aum_pct_share: 0.944099378881988, fee_commissions_share: 0.0434782608695652, fee_fixed_share: 0.677018633540373, fee_hourly_share: 0.527950310559006, fee_other_share: 0.236024844720497, fee_performance_share: 0.0372670807453416, fee_subscription_share: 0.0062111801242236, financial_planning_share: 0.782608695652174, firms_with_raum: 148, iars: 486, mean_raum: 234244416.97973, new_firms: 13, p25_raum: 18857673, p75_raum: 214905461, p90_raum: 591621340.6, raum_discretionary: 32363106296, top100_share: 0.983357461809889, top10_share: 0.471740675594555, independent_sec: accounts: 53666, firms: 66, median_raum: 248388015.5, raum: 31896406569, advisory_employees: 321, avg_account: 594350.362780904, band_100m_250m: 30, band_100m_250m_raum: 5096820778, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 7, band_1b_5b_raum: 13731518797, band_250m_500m: 15, band_250m_500m_raum: 5738254717, band_500m_1b: 10, band_500m_1b_raum: 7267768256, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 2, band_lt100m_raum: 62044021, bd_affiliated_share: 0.0151515151515152, cfp_professionals: 83, clients: 27097, custody_share: 0.545454545454545, employees: 485, fee_aum_pct_share: 1, fee_commissions_share: 0.0606060606060606, fee_fixed_share: 0.712121212121212, fee_hourly_share: 0.575757575757576, fee_other_share: 0.121212121212121, fee_performance_share: 0.0606060606060606, fee_subscription_share: 0, financial_planning_share: 0.909090909090909, firms_with_raum: 64, iars: 331, mean_raum: 498381352.640625, new_firms: 8, p25_raum: 159461601.75, p75_raum: 573387224.5, p90_raum: 1030851602.4, raum_discretionary: 29993406405, raum_growth_1y: 0.227721722416309, successions: 0, top10_share: 0.512734487931151, state: accounts: 10309, firms: 95, median_raum: 21945065.5, raum: 2771767144, advisory_employees: 138, avg_account: 268868.672422155, band_100m_250m: 1, band_100m_250m_raum: 113319000, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 0, band_1b_5b_raum: 0, band_250m_500m: 0, band_250m_500m_raum: 0, band_500m_1b: 0, band_500m_1b_raum: 0, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 83, band_lt100m_raum: 2658448144, bd_affiliated_share: 0, cfp_professionals: 34, clients: 8081, custody_share: 0.0526315789473684, employees: 165, fee_aum_pct_share: 0.905263157894737, fee_commissions_share: 0.0315789473684211, fee_fixed_share: 0.652631578947368, fee_hourly_share: 0.494736842105263, fee_other_share: 0.315789473684211, fee_performance_share: 0.0210526315789474, fee_subscription_share: 0.0105263157894737, financial_planning_share: 0.694736842105263, firms_with_raum: 84, iars: 155, mean_raum: 32997227.9047619, new_firms: 5, p25_raum: 11878372, p75_raum: 51281021.25, p90_raum: 78354101.8, raum_discretionary: 2369699891, top10_share: 0.323874415260043
- broker_dealer_affiliated_not_included: firms: 7, raum: 44027545279
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 32; as_of: 2019-10-01, value: 36; as_of: 2020-10-01, value: 39; as_of: 2021-10-04, value: 40; as_of: 2022-10-03, value: 44; as_of: 2023-10-05, value: 46; as_of: 2024-10-01, value: 50; as_of: 2025-09-02, value: 52; as_of: 2026-10-02, value: 66, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 12292187073; as_of: 2019-10-01, value: 13852131642; as_of: 2020-10-01, value: 18685154442; as_of: 2021-10-04, value: 17767964708; as_of: 2022-10-03, value: 18465120482; as_of: 2023-10-05, value: 17908676646; as_of: 2024-10-01, value: 39397906995; as_of: 2025-09-02, value: 25980159825; as_of: 2026-10-02, value: 31896406569, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 29197; as_of: 2019-10-01, value: 35535; as_of: 2020-10-01, value: 46555; as_of: 2021-10-04, value: 35639; as_of: 2022-10-03, value: 35801; as_of: 2023-10-05, value: 42429; as_of: 2024-10-01, value: 109010; as_of: 2025-09-02, value: 55473; as_of: 2026-10-02, value: 53666, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 249867941; as_of: 2019-10-01, value: 251971862.5; as_of: 2020-10-01, value: 266833427; as_of: 2021-10-04, value: 283099698.5; as_of: 2022-10-03, value: 293469118; as_of: 2023-10-05, value: 238593420; as_of: 2024-10-01, value: 284079271.5; as_of: 2025-09-02, value: 313536150; as_of: 2026-10-02, value: 248388015.5
- top_10: largest: rank: 1, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 3351688868; rank: 2, crd: 3711, firm: Waters, Parkerson & Co., LLC, city: New Orleans, value: 2859829975; rank: 3, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 1799431900; rank: 4, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 1713265623; rank: 5, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 1600547274; rank: 6, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 1324089165; rank: 7, crd: 117499, firm: FPL Capital Management, LLC, city: Metairie, value: 1082665992; rank: 8, crd: 18266, firm: Cullen Investment Group, city: Lafayette, value: 909951360; rank: 9, crd: 301963, firm: Montz Harcus Wealth Management, city: New Orleans, value: 876333177; rank: 10, crd: 117040, firm: Freegulliver, LLC, city: New Orleans, value: 836584355, fastest-growing: rank: 1, crd: 302076, firm: Abel Hall, LLC, city: Baton Rouge, value: 1.04719060000877; rank: 2, crd: 297747, firm: HMV Wealth Advisors, LLC, city: Shreveport, value: 0.859161637671159; rank: 3, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 0.831285566307138; rank: 4, crd: 122092, firm: Delta Financial Advisors, L.L.C., city: Metairie, value: 0.378368031858813; rank: 5, crd: 155355, firm: Thirtynorth Investments, LLC, city: New Orleans, value: 0.361719593738993; rank: 6, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 0.35413660974658; rank: 7, crd: 306346, firm: Brian Low Financial Group, LLC, city: Baton Rouge, value: 0.299305811019683; rank: 8, crd: 283917, firm: Plum Street Advisors, LLC, city: New Orleans, value: 0.287886730349722; rank: 9, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 0.265912531792702; rank: 10, crd: 170693, firm: Fortune 45, LLC., city: Gonzales, value: 0.25931751372933, fastest-growing-3-year: rank: 1, crd: 297747, firm: HMV Wealth Advisors, LLC, city: Shreveport, value: 0.688236398197148; rank: 2, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 0.678649452566293; rank: 3, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 0.474527730238318; rank: 4, crd: 302076, firm: Abel Hall, LLC, city: Baton Rouge, value: 0.420398512639973; rank: 5, crd: 283917, firm: Plum Street Advisors, LLC, city: New Orleans, value: 0.367194607449979; rank: 6, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 0.291384757205983; rank: 7, crd: 155355, firm: Thirtynorth Investments, LLC, city: New Orleans, value: 0.255660351877671; rank: 8, crd: 301963, firm: Montz Harcus Wealth Management, city: New Orleans, value: 0.24822434962541; rank: 9, crd: 117499, firm: FPL Capital Management, LLC, city: Metairie, value: 0.243576399091917; rank: 10, crd: 306346, firm: Brian Low Financial Group, LLC, city: Baton Rouge, value: 0.239708668594013, fastest-growing-5-year: rank: 1, crd: 283917, firm: Plum Street Advisors, LLC, city: New Orleans, value: 0.345653874607041; rank: 2, crd: 302076, firm: Abel Hall, LLC, city: Baton Rouge, value: 0.269513256639949; rank: 3, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 0.216860199582169; rank: 4, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 0.202815990938239; rank: 5, crd: 170693, firm: Fortune 45, LLC., city: Gonzales, value: 0.185480067025115; rank: 6, crd: 155355, firm: Thirtynorth Investments, LLC, city: New Orleans, value: 0.165374062827584; rank: 7, crd: 117040, firm: Freegulliver, LLC, city: New Orleans, value: 0.162842823986438; rank: 8, crd: 301963, firm: Montz Harcus Wealth Management, city: New Orleans, value: 0.149603097217966; rank: 9, crd: 297892, firm: Hassell Wealth Management, city: Houma, value: 0.138166184201139; rank: 10, crd: 110775, firm: Walter C. Flower & Co., Inc, city: New Orleans, value: 0.135248312915768, biggest-asset-gains: rank: 1, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 876540612; rank: 2, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 601051104; rank: 3, crd: 302076, firm: Abel Hall, LLC, city: Baton Rouge, value: 418999620; rank: 4, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 377981480; rank: 5, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 286230917; rank: 6, crd: 297747, firm: HMV Wealth Advisors, LLC, city: Shreveport, value: 262210677; rank: 7, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 251362621; rank: 8, crd: 117499, firm: FPL Capital Management, LLC, city: Metairie, value: 197510808; rank: 9, crd: 3711, firm: Waters, Parkerson & Co., LLC, city: New Orleans, value: 174126062; rank: 10, crd: 335733, firm: Lyons Capital Group, city: Shreveport, value: 165937224, most-clients: rank: 1, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 2258; rank: 2, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 1503; rank: 3, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 1265; rank: 4, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 1251; rank: 5, crd: 147000, firm: Evans Investment Advisors, L.L.C., city: Baton Rouge, value: 1016; rank: 6, crd: 146666, firm: Crescent City Retirement Group, city: Metairie, value: 933; rank: 7, crd: 306346, firm: Brian Low Financial Group, LLC, city: Baton Rouge, value: 874; rank: 8, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 815; rank: 9, crd: 3711, firm: Waters, Parkerson & Co., LLC, city: New Orleans, value: 794; rank: 10, crd: 301963, firm: Montz Harcus Wealth Management, city: New Orleans, value: 707, client-growth: rank: 1, crd: 155355, firm: Thirtynorth Investments, LLC, city: New Orleans, value: 0.535483870967742; rank: 2, crd: 122092, firm: Delta Financial Advisors, L.L.C., city: Metairie, value: 0.276470588235294; rank: 3, crd: 117499, firm: FPL Capital Management, LLC, city: Metairie, value: 0.255813953488372; rank: 4, crd: 104612, firm: Graham, Bordelon, Golson & Gilbert, Inc., city: Monroe, value: 0.247191011235955; rank: 5, crd: 298727, firm: Vines Capital Management, LLC, city: Monroe, value: 0.216931216931217; rank: 6, crd: 113181, firm: Regatta Research & Money Management L.L.C., city: Metairie, value: 0.193965517241379; rank: 7, crd: 140088, firm: Colomb Investment Management Company, LLC, city: Metairie, value: 0.190669371196755; rank: 8, crd: 156062, firm: The Archer Consulting Group, LLC, city: Thibodaux, value: 0.15; rank: 9, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 0.143057503506311; rank: 10, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 0.134529147982063, most-accounts: rank: 1, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 5324; rank: 2, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 3011; rank: 3, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 2888; rank: 4, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 2486; rank: 5, crd: 3711, firm: Waters, Parkerson & Co., LLC, city: New Orleans, value: 1916; rank: 6, crd: 132341, firm: Adg Wealth Management Group, LLC, city: Metairie, value: 1553; rank: 7, crd: 301963, firm: Montz Harcus Wealth Management, city: New Orleans, value: 1531; rank: 8, crd: 18266, firm: Cullen Investment Group, city: Lafayette, value: 1499; rank: 9, crd: 310713, firm: Meriwether Wealth & Planning, LLC, city: Minden, value: 1381; rank: 10, crd: 113181, firm: Regatta Research & Money Management L.L.C., city: Metairie, value: 1371, most-advisory-staff: rank: 1, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 27; rank: 2, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 24; rank: 3, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 17; rank: 4, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 12; rank: 4, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 12; rank: 6, crd: 313227, firm: Pelican Investment Advisors, LLC, city: Baton Rouge, value: 10; rank: 7, crd: 117040, firm: Freegulliver, LLC, city: New Orleans, value: 9; rank: 7, crd: 117104, firm: Going CPAS & Wealth Advisors, LLP, city: Opelousas, value: 9; rank: 9, crd: 140088, firm: Colomb Investment Management Company, LLC, city: Metairie, value: 8; rank: 10, crd: 302076, firm: Abel Hall, LLC, city: Baton Rouge, value: 7, most-hnw-clients: rank: 1, crd: 3711, firm: Waters, Parkerson & Co., LLC, city: New Orleans, value: 471; rank: 2, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 445; rank: 3, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 383; rank: 4, crd: 147000, firm: Evans Investment Advisors, L.L.C., city: Baton Rouge, value: 281; rank: 5, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 277; rank: 6, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 271; rank: 7, crd: 171278, firm: Summit Financial Wealth Advisors, city: Lafayette, value: 268; rank: 8, crd: 18266, firm: Cullen Investment Group, city: Lafayette, value: 236; rank: 9, crd: 319509, firm: Hibernia Wealth Partners, LLC, city: Baton Rouge, value: 230; rank: 10, crd: 301963, firm: Montz Harcus Wealth Management, city: New Orleans, value: 220, most-cfp-professionals: rank: 1, crd: 109867, firm: Beam Wealth Advisors, Inc., city: Covington, value: 11; rank: 2, crd: 300899, firm: Stokes Family Office LLC, city: New Orleans, value: 8; rank: 3, crd: 112028, firm: Argent Advisors, Inc., city: Ruston, value: 5; rank: 4, crd: 297892, firm: Hassell Wealth Management, city: Houma, value: 4; rank: 4, crd: 324386, firm: Second Line Capital, LLC, city: Metairie, value: 4; rank: 6, crd: 18266, firm: Cullen Investment Group, city: Lafayette, value: 3; rank: 6, crd: 107946, firm: BCM Advisors, LLC, city: Lafayette, value: 3; rank: 6, crd: 139331, firm: CHF Wealth Management, LLC, city: Lafayette, value: 3; rank: 6, crd: 282747, firm: Kropog Financial Group, LLC, city: Mandeville, value: 3; rank: 6, crd: 283917, firm: Plum Street Advisors, LLC, city: New Orleans, value: 3, newest: rank: 1, crd: 152609, firm: Fletcher Financial Group, city: West Monroe, value: 133000000; rank: 2, crd: 174358, firm: JCN Financial & Tax Advisory Group, LLC, city: Baton Rouge, value: 130490896; rank: 3, crd: 313227, firm: Pelican Investment Advisors, LLC, city: Baton Rouge, value: 128500000; rank: 4, crd: 164327, firm: WMS Group LLC, city: Folsom, value: 125258865; rank: 5, crd: 330658, firm: Pelican Advisory LLC, city: Covington, value: 119006151; rank: 6, crd: 305954, firm: Advocacy Financial LLC, city: Covington, value: 103416660; rank: 7, crd: 337315, firm: Schayot Financial LLC, city: Metairie, value: 72835891; rank: 8, crd: 339348, firm: Cavanaugh Wealth Management LLC, city: Baton Rouge, value: 16400000; rank: 9, crd: 110400, firm: Horizon Capital Management, Inc., city: Lafayette, value: 2600000; rank: 10, crd: 338645, firm: Rainier Wealth Planning, LLC, city: Baton Rouge, value: 0
- cities: name: New Orleans, independent_rias: 26, raum: 10996383164, url: https://advisoriq.com/ria/states/louisiana/new-orleans/; name: Metairie, independent_rias: 20, raum: 4487707247, url: https://advisoriq.com/ria/states/louisiana/metairie/; name: Lafayette, independent_rias: 17, raum: 4418377159, url: https://advisoriq.com/ria/states/louisiana/lafayette/; name: Baton Rouge, independent_rias: 29, raum: 3232842953, url: https://advisoriq.com/ria/states/louisiana/baton-rouge/; name: Covington, independent_rias: 7, raum: 2728969859, url: https://advisoriq.com/ria/states/louisiana/covington/; name: Shreveport, independent_rias: 11, raum: 2273401110, url: https://advisoriq.com/ria/states/louisiana/shreveport/; name: Mandeville, independent_rias: 9, raum: 1119139748, url: https://advisoriq.com/ria/states/louisiana/mandeville/
- iar_ce_status: not adopted

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in Louisiana](https://advisoriq.com/ria/rankings/largest/louisiana/)
- [Fastest-growing independent RIAs over one year in Louisiana](https://advisoriq.com/ria/rankings/fastest-growing/louisiana/)
- [Fastest-growing independent RIAs over three years in Louisiana](https://advisoriq.com/ria/rankings/fastest-growing-3-year/louisiana/)
- [Fastest-growing independent RIAs over five years in Louisiana](https://advisoriq.com/ria/rankings/fastest-growing-5-year/louisiana/)
- [IAR CE in Louisiana](https://advisoriq.com/ce/iar/louisiana/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/louisiana/

License: https://advisoriq.com/license/