Top 5 financial advisor firms in Covington

5 SEC-registered financial advisor firms are headquartered in Covington, LA, with $2.67B in combined regulatory assets under management. The largest by assets are Beam Wealth Advisors ($1.6B), Paradiem ($483M) and Asset Planning Services ($366M).

5
Financial advisor firms: $2.67B
Their combined AUM: $366M
Median firm AUM: 2,877
Clients of the top 5

The 5 largest by assets

1
Beam Wealth Advisors
RIA
$1.6B
Up to 3.00% a year
2
Paradiem
RIA
$483M
0.50% to 1.50% a year
3
Asset Planning Services
RIA
$366M
Up to 1.50% a year
4
Pelican Advisory
RIA
$119M
Regulatory AUM
5
Advocacy Financial
RIA
$103M
0.75% to 2.00% a year

Profiles of the top 5

No. 1 · RIA

Beam Wealth Advisors

Beam Wealth Advisors is an investment adviser based in Covington, LA, registered with the SEC since 2001. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $1.6 billion, as filed on 13 August 2026.

Beam Wealth Advisors charges up to 3.00% a year for its Investment Management Fees.

Regulatory AUM: $1.6B
Clients: 2,258
Advisory staff: 27
Fee schedule: Up to 3.00% a year
Custodians: Fidelity, Charles Schwab, Raymond James
Headquarters: 72096 Ramos Avenue, Suite D, Covington, LA 70433
Phone: 985-893-1440
Website: beamwealth.com

No. 2 · RIA

Paradiem

Paradiem is an investment adviser based in Covington, LA, registered with the SEC since 2017. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $483 million, as filed on 15 September 2026.

Paradiem charges 0.50%–1.50% a year for its Investment Management Services.

Regulatory AUM: $483M
Clients: 140
Advisory staff: 6
Founded: 2011
Fee schedule: 0.50% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 510 N Jefferson Ave, Covington, LA 70433-2640
Phone: 985-727-0770
Website: paradiem.org

No. 3 · RIA

Asset Planning Services

Asset Planning Services is an investment adviser based in Covington, LA, registered with the SEC since 1987. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $366 million, as filed on 24 February 2026.

Asset Planning Services charges up to 1.50% a year for its Ongoing investment management.

Regulatory AUM: $366M
Clients: 148
Advisory staff: 2
Founded: 1979
Fee schedule: Up to 1.50% a year
Custodians: Charles Schwab
Headquarters: 509 W. 21st Avenue, Covington, LA 70433
Phone: 985-867-8679

No. 4 · RIA

Pelican Advisory

Pelican Advisory is an investment adviser based in Covington, LA, registered with the SEC since 2026. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $119 million, as filed on 25 August 2026.

Regulatory AUM: $119M
Clients: 207
Advisory staff: 4
Headquarters: 681 River Highland BLVD., Covington, LA 70433
Phone: 985-237-4033
Website: pelicanfo.com

No. 5 · RIA

Advocacy Financial

Advocacy Financial is an investment adviser based in Covington, LA, registered with the SEC since 2026. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $103 million, as filed on 28 April 2026.

Advocacy Financial charges 0.75%–2.00% a year for its Investment Management Fees.

Regulatory AUM: $103M
Clients: 124
Advisory staff: 2
Fee schedule: 0.75% to 2.00% a year
Custodians: Fidelity
Headquarters: 212 Park Place, Covington, LA 70433
Phone: 888-787-4590
Website: advocacyfinancial.com

Questions about financial advisors in Covington

How many financial advisor firms are headquartered in Covington?

5 SEC-registered financial advisor firms report their principal office in Covington, LA, managing $2.67B in regulatory assets between them.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Covington?

Beam Wealth Advisors, with $1.6B in regulatory assets under management on its latest Form ADV. The next largest are Paradiem ($483M) and Asset Planning Services ($366M).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Covington?

The median firm manages $366M in regulatory assets. That is the midpoint of the 5 firms headquartered in Covington.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Covington charge?

Of the 5 largest firms, 4 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.50% to 3.00% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Covington?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Covington has 5 financial advisor firms; see every adviser in the city →