Financial Advisor in Shreveport, LA

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Financial Advisor in Shreveport, LA. Your hard-earned money deserves attention, and you need to be confident about how it's being managed and how it's being used. Many Shreveport residents lack the financial literacy to feel like they can handle their investments and finances by themselves, while others are too busy or interest to stay informed on market trends along with new laws, rules, and different events happening around the world. That's when you need a dependable, seasoned, and knowledgeable financial advisor. A Correct Capital financial advisor in Shreveport, LA will help your finances grow. We employ in-depth research along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Shreveport, LA and beyond. Reach out to us today at 877-930-4015 or contact us through our website to see if Correct Capital is a good fit for you.

Wondering if you're ready to work with a financial advisor in Shreveport, LA? Take a look at our process page to see how easy we make it to ascertain if we would make a good team.


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Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.

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A 2018 study by FINRA found that 53 percent of American adults are nervous about their finances. A source of that concern is frequently simply not being sure they're managing their money correctly. Once our Shreveport, LA financial advisor team gets to know you, your finances and your financial goals, we'll design a road map to help you achieve them. As a fiduciary and an independent firm, every Correct Capital financial advisor is legally and ethically required to act in your best interest and we are not limited in the solutions we can put forward. Our financial advisors in Shreveport, LA have certifications that can only be obtained through rigorous testing and by meeting strict education requirements.

What Is a Financial Advisor?

A financial advisor is a specialist who assists individuals oversee their money, budget, put enough money away, and plan for their financial future. This comprehensive definition covers a variety of services, from portfolio management and retirement planning to tax planning and generational wealth transfers. Financial advisors take a holistic view of your financial situation to advise on strategies that align with your goals, risk tolerance, and time horizon. While technically anyone can be called a financial advisor or financial planner, credible and professional advisors will have qualifications from regulatory bodies such as FINRA and the CFP Board that can only be obtained through rigorous education and exams.

Types of Financial Advisors in Shreveport, LA

There are various types of advisors that differ based on the services they provide, how they're paid, their areas of expertise, and their legal obligations to customers:

  • Investment Advisors or Portfolio Managers: These advisors offer advice on securities and oversee investment portfolios. They often work in RIAs and are required to act in a fiduciary capacity, meaning they must act within a client's best interest. Investment advisors are certified with either the Securities and Exchange Commission (SEC) or state regulators, based on the size of the assets they manage.
  • Broker-Dealers and Brokers: Broker-dealers trade securities like stocks, bonds, and mutual funds on behalf of their clients or for their own accounts. They must be registered by the SEC and are generally members of FINRA. The financial products they can sell depend on their specific licenses, such as Series 6 or Series 7. For instance, a broker who holds a Series 7 license is qualified to sell general securities, including mutual funds and exchange-traded funds (ETFs).
  • CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Advisors holding the CFP certification have undergone extensive education and adhere to high ethical standards, including a fiduciary duty to their clients. CFPs offer a wide array of financial advisory services, such as debt management to retirement planning, and tax optimization strategies. Their methodology is holistic, designed to address all aspects of a client's financial life.
  • Financial Consultants: This term can be widely applied, but chartered financial consultants (ChFCs) have undergone education comparable with CERTIFIED FINANCIAL PLANNER™ Professionals and are also required to hold their clients' interests above their own. Like CFPs, ChFCs specialize in providing holistic financial advice, covering everything from investment management to retirement strategies, guaranteeing that clients' financial goals are achieved through the highest ethical standards.
  • Financial Coaches: Focus on boosting clients' financial literacy, guiding with basics such as saving money and budgeting. They are perfect for clients who are not yet wealthy enough to work with most financial advisors. Their services delivers a strong basis for managing personal finances wisely, especially for those just starting out.
  • Wealth Managers: Serve high-net-worth individuals, offering comprehensive services that include estate planning, tax help, and investment management. They collaborate intimately with their clients to handle complex financial situations and implement wealth preservation strategies. This expertise is geared towards enhancing the financial health and future of wealthy individuals, ensuring that their clients' goals and aspirations are met through tailored advice and solutions.

Each type of financial advisor serves different needs, and the best choice depends on an individual's or organization's specific financial situation and goals. At Correct Capital, our group of advisors features CFPs and other qualified professionals who embody the highest standards of fiduciary responsibility and personalized service, guaranteeing that we act solely in the best interest of our clients across all our engagements.

What Does a Financial Advisor Do?

A financial advisor will analyze your current finances, pinpoint ways to improve it, and help you achieve your future financial goals. Many Shreveport, LA residents frequently immediately think of investing when they think of wealth management services and financial advisors. While that is a principal feature of any financial plan, a certified financial advisor will be able to provide you with all-encompassing financial advice that takes into consideration the whole of your finances. The following are some of the services your Correct Capital financial advisor in Shreveport, LA will utilize to help you meet your objectives.

  • Financial Planning

    Our finances are integral to almost everything we do, from making sure we're prepared for retirement, to paying for college, real estate deals, choosing insurance policies, and putting food on the table each night. The best financial advisors in Shreveport, LA offer holistic services and bespoke guidance by taking into account your entire financial situation.

  • Tax Planning

    Tax considerations play a role almost any time money is exchanged or used. According to the IRS's own data, more than 7 out of 10 of Americans overpay in taxes every year. The United States tax code is notoriously complex, yet it offers perfectly legal ways to reduce your tax liability. A professional and trustworthy Shreveport, LA financial advisor will assist you in navigating your tax implications to ensure keeping more money in your hands than in Uncle Sam's.

  • Portfolio Management and Asset Management

    Your financial portfolio is the assembly of your financial assets. They can include stocks, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or other investments such as real estate. A financial advisor in Shreveport, LA will assist in allocating and diversify your assets to mitigate risk and strategically position your money for long-term growth.

  • Retirement Planning

    Depending on where you stand in life and your aspired lifestyle when you hang up your cape, your Shreveport, LA financial advisor will assist with tax implications, considering the best age to retire, when to withdraw money and how much to take out. A financial advisor will help you formulate a budget and plan for where your income will come from in retirement so you can live out your golden years just how you want to.

  • 401(k) Services

    We offer 401(k) services to individuals and families as well as Shreveport, LA businesses and business owners. Setting up a 401(k) plan is a great way to retain your best employees and keep them motivated and happy. Our retirement consultants manage over $218 million in plan assets and thousands of plan participants nationwide. Our Shreveport, LA financial advisor team offers thorough 401(k) planning for companies as well as personalized benefits for their employees.

  • 401(k) Rollover

    When transitioning to a new job, it can be tough to know the best way to handle the money you've already saved in a previous Shreveport, LA employer's 401(k) plan. You have a number of options, including keeping the money in the account it is in now, transferring it to a new 401(k), or investing the money in one of a selection of IRA accounts. A financial advisor will know how to best manage managing your 401(k) funds.

  • Generational Wealth Transfers

    You work hard for your money, and it's common to wish to leave a legacy and bequeath some wealth to the people you care about the most. Wealth transfers are separate from simply leaving gifts behind in estate planning. A financial advisor in Shreveport, LA can strategically plan your money for not only your children but for future generations to come, even ones you haven't met yet.

  • Fiduciary Advising

    Anyone can give themselves the title of "financial advisor," so it's paramount to choose one who has received accreditations and certifications from regulatory boards such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Shreveport, LA financial advisor at Correct Capital is bound by a "Code of Ethics and Standards of Conduct" to:

    1. Act with honesty, integrity, competence, and diligence.
    2. Act in the client's best interest.
    3. Exercise due care.
    4. Avoid conflicts of interest, disclose them when they arise, and manage them in the client's best interest.
    5. Maintain confidentiality and protect the privacy of client information.
    6. Act in a manner that reflects positively on the financial planning profession and CFP® certification.
  • Debt Management

    Financial advisors offer personalized debt management plans that focus on managing debt, achieving lower interest rates if feasible, and structuring repayments. The goal is to create a manageable path forward that suits your financial situation and goals, eventually leading to financial freedom.

  • Budgeting

    Creating and staying compliant with a budget is crucial to having the financial health and life you want. Financial advisors in Shreveport, LA can assist clients understand your income level, find areas for savings, and set realistic spending limits that encourage wealth accumulation. By providing tools and strategies for efficient budgeting, advisors ensure that clients can meet their current financial obligations while also planning for future goals.

When you hire a Shreveport, LA financial advisor at Correct Capital, we start by getting to know you personally and your aims. We will assess your current income, assets, investments, debts, and expenses. Next we've accomplished that, we'll work in concert with you to ascertain your preferred risk tolerance and how we can best help you realize your goals. As an independent advisory firm, our only responsibility is to act in your best interest. There is no restrictions to the services, products, and investment opportunities our financial advisor team can suggest, and we will never try to sell you on something we do not believe in ourselves.

Do I Need to Hire a Financial Advisor in Shreveport, LA?

Seeking the advice of a financial advisor can be a critical step towards achieving financial health, peace of mind, and wealth. While the optimal timing can vary widely from person to person, certain life events and circumstances often signal the need for expert financial advice.

  • Major Life Changes: Life is a long line of changes, and many of them have major financial implications. Whether you're buying a home or changing careers, these milestones can profoundly affect your financial landscape. A financial advisor can assist you navigate these changes, ensuring that your financial plan grows to meet your new situation and goals.
  • Lack of Experience, Time, Knowledge, or Interest to Manage Your Finances Alone: Managing personal finances can be complex, demanding, and, frankly, daunting for many. If you lack the experience to effectively manage your investments, or simply choose to focus your energy elsewhere, a financial advisor can be crucial. They bring experience and perspective to your financial decisions, assisting to optimize your portfolio, prevent costly mistakes, and set up your investments for future success.
  • Getting Close to Retirement: Retirement planning is one of the most common reasons individuals seek out financial advice. An advisor can aid you review your current financial situation, calculate your retirement needs, and devise a plan to ensure you can live comfortably during your retirement years without worry. This includes strategies for Social Security benefits, pension management, and withdrawal plans from retirement accounts.
  • Complex Financial Products: The financial market offers a wide array of investment options, many of which come with their own challenges. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's knowledge can be vital. They can assist you grasp the risks and benefits, ensuring that any investment matches your overall financial strategy and goals.

Questions to Ask a Financial Advisor Before Hiring Them

Trust is paramount whenever you hire someone to do something, but particularly so when it comes to your hard-earned money. In addition to finding a dependable advisor, you need one who best meets your needs. It's important to inquire properly during your initial meetings. Here are key questions to consider:

  • What is your experience in the financial advisory field?

    Understanding an advisor's background, including their years in the industry, the varieties of clients they've collaborated with, and their areas of expertise, can give you a sense of their expertise and whether they're prepared to handle your specific financial circumstances.

  • What are your qualifications and certifications?

    Ask them to mention any certifications (e.g., CFP®, CFA, ChFC) the advisor holds. These credentials often require adhering to strict educational, experience, and ethical standards, signifying a high level of professionalism and expertise.

  • Can you describe your investment philosophy?

    An advisor's investment philosophy should complement your risk tolerance and financial goals. Whether they favor a cautious approach with a focus on long-term growth or a more dynamic strategy, their philosophy should resonate with your goals and expectations.

  • How do you prefer to communicate with clients?

    Communication style and frequency are essential to a fruitful client-advisor relationship. Discuss how often you'll have meetings, whether they'll be in person or online, and how the advisor intends to keep you updated about how your investments are going and if you need any updates to your plan.

  • What's your fee structure?

    Advisors can be fee-only, commission-based, or a mixture thereof. Understanding how an advisor is compensated will assist you in identifying potential conflicts of interest and make certain that their advice is offered with your best interests in mind.

  • Are you a fiduciary financial advisor?

    Confirming that an advisor is a fiduciary is essential. This means they are legally required to put your interests ahead of their own, offering advice that is in the best interest of your financial goals and needs.

  • What services do you offer beyond investment management?

    Many advisors provide holistic financial planning services, including retirement planning, tax strategies, estate planning, and more. Additionally, some financial advisory firms offer more in the way of educational resources and portfolio reviews. Knowing the full scope of services offered can help you gauge whether the advisor can meet all your financial needs.

  • How do you handle conflicts of interest?

    An honest advisor will openly discuss potential conflicts of interest and how they address them to ensure they don't negatively impact their clients' financial plans. Fiduciary advisors must disclose conflicts of interest, and are required to manage them in their client's best interest.

Asking these questions will not only provide you with essential information about the financial advisor's qualifications and approach but also help you gauge whether there is a good personal fit. Remember, a strong relationship with your financial advisor is built on transparency, trust, and mutual understanding.

You can find many of these questions answered on our FAQ page.

How Much Does a Financial Advisor Cost in Shreveport, LA?

In general, there are three common ways for financial advisors to be compensated:

  1. Commission-Based: Commission-based advisors earn their income through commissions on the products they sell, such as insurance policies. This fee structure can lead to a possible conflict, as the advisor could be motivated to suggest products that generate higher commissions rather than those that best meet your needs. These advisors are typically held to the suitability standard as opposed to the fiduciary standard, which means they have to recommend products that can help you achieve your goals, but not necessarily the ones most appropriate to your needs.
  2. Fee-Only: Advisors on a fee-only basis are compensated straightforwardly by clients for the guidance and assistance they provide and do not receive any commissions from product sales. This compensation can take several forms, including hourly rates assets under management (AUM). This model is often seen as more transparent and aligned with the client's best interests, as it minimizes conflicts of interest related to product sales.
  3. Fee-Based: Fee-based advisors use a combination of fees paid by the client and commissions from selling financial products. While this model offers a mix of the fee-only and commission-based structures, such advisors generally also have a fiduciary duty, which means that even if they get commission from certain products, they must reveal this to the client and cannot recommend those products unless they sincerely believe they are in the client's best interests.

Correct Capital's Financial Advisory Services in Shreveport, LA

Correct Capital stands out in the Shreveport, LA financial advisory landscape for its customized approach to wealth management and financial planning. Understanding that not all clients have the same starting point or the same goals, we offer three different service models to our clients in Shreveport, LA:


One-Time Financial Plan (best for validators)

This service model is ideal for those who are seeking the insights and advice a financial advisor can offer without the continuous oversight. This service is great for individuals who are largely confident in managing their finances but are looking for professional validation to confirm they're on the right track. Our team performs a thorough review of your current financial situation, providing you with a detailed plan that addresses your specific goals, concerns, and opportunities for growth.


Subscription (best for collaborators)

Our subscription service is designed for people who value ongoing guidance and advice as their financial situation evolves, or when they have specific questions about something related to their finances. This model offers monthly insights from our financial advisors, regular check-ins every quarter, and open availability if the need ever arises. While we won't manage your investments for you, we'll strive to look for opportunities to help you save and grow your wealth.


Wealth Management (best for delegators)

Our wealth management service model is for clients who prefer to hand over the management of their investments and financial planning to professionals. This includes active investment management, comprehensive financial strategizing, and proactive advice on a wide range of financial matters — from tax strategies and retirement planning to estate planning and beyond. Our wealth management clients enjoy peace of mind, knowing that every aspect of their financial well-being is being overseen by a dedicated team of professionals dedicated to maximizing their wealth and achieving their long-term goals.


Why Choose Correct Capital as Your Shreveport, LA Financial Advisor?

Correct Capital is a premier choice for individuals and families in Shreveport, LA looking for trusted, professional financial guidance. Here's why choosing Correct Capital can make a profound difference in your financial journey:

  • We're Fiduciary Advisors: As fiduciaries, Correct Capital are legally obligated to act in your best interests. This commitment guarantees that each piece of advice, each investment recommendation, and each strategic move we make on your behalf is done with your best interests at heart.
  • Our I.O.U. Promise: All the advice we offer is independent, objective, and unbiased. Being independent signifies we aren't tied to any specific financial institution or product, enabling us the freedom to choose the best investments and strategies for you.
  • Professional Credentials: We are a Registered Investment Advisor (RIA), which gives us the ability access to a wide variety of investment solutions and research. Our advisor team includes two CERTIFIED FINANCIAL PLANNER™ professionals, an Accredited Investment Fiduciary (AIF®), an Enrolled Agent, and a CPA. Moreover, our retirement consultants and financial portfolio managers boast over 100 years of combined experience.
  • Proactivity is Our Approach: Our advisors believe that the most valuable way to create long-term financial security is to stay ahead of trends and lead, rather than follow. Leveraging the latest data and software to analyze trends, our aim is to craft the most appropriate strategy for your needs.
  • Continuous Learning Opportunities: Correct Capital offers quarterly webinars and workshops to keep you informed and engaged with your financial health. Our dedication to client education guarantees that you are fully prepared to make informed decisions alongside your advisor.

Choosing Correct Capital as your financial advisor in Shreveport, LA means partnering with a team committed to your financial success. Our experience, fiduciary commitment, and custom-tailored approach to financial planning and investment management make us the ideal partner for individuals and families looking to achieve their financial goals and secure their future.

Other services we offer in Shreveport, LA include:

Call Correct Capital's Shreveport, LA Financial Advisor Team Today

The decisions you make about your finances and the decisions you make with it are deeply personal. At Correct Capital, we strongly believe in the relationship between a person, household, or entrepreneur in Shreveport, LA and their financial advisor is based on trust. Dedicating our lives to helping our clients realize their personal and financial goals, whether it's sending your children to college or making the dream purchase of that dream car during your retirement years. Reach out to our Shreveport, LA financial advisor team today at 877-930-4015 or start a conversation with us online to begin growing your wealth how you've always wanted.


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