Hammond, LA Financial Advisors and Resources

Financial Advisor Firms in Hammond, LA



(985) 345-7114

1607 Sw Railroad Ave.

Hammond, LA 70403

SEC#: 801-117306
Years in Business: 2 years



(985) 542-7133

700 Sw Railroad Avenue

Hammond, LA 70403

SEC#: 801-68420
Years in Business: 14 years

How Retirement-Friendly is Hammond, LA?

  • Population: 20,668
  • % of Population 62 Years and Over: 15.1%
  • Average Home Value: $189,000
  • Average Monthly Housing Cost: $774
  • Average Household Income: $59,111
  • Louisiana Total Tax Burden: 8.82% (19th Highest in U.S.)
  • Louisiana Property Tax: 1.93% (6th Lowest in U.S.)
  • Louisiana Individual Income Tax: 1.51% (13th Lowest in U.S.)
  • Louisiana Sales and Excise Tax: 5.38% (4th Highest in U.S.)

Hammond, LA Financial Advisor FAQs

You should be able to expect an advisor to explain their theory of investing with your money in clear, straightforward ways. An advisor should ensure that they will act in your best interests; they are legally bound by this duty. Choose an advisor who you trust and is compatible with your needs.
Financial advisors are professional money managers with the academic credentials and the qualifications to make financial decisions on your behalf. They can help you set realistic goals, develop a plan for meeting those goals, and monitor your progress.
Basically, the role of a financial advisor is to take the lead on investing. They help create and implement an investment plan that's tailored to your specific financial goals, needs, and risk tolerance. More importantly though, they're there for you to sound board during times of indecision. Their education in finance enables them to make thoughtful recommendations for your next steps; it also helps form trust with their clients by helping answer questions quickly or foresee potential problems before they arise.
The cost for a financial advisor varies depending on the complexity of your situation. Complex situations require more time with an advisor, which results in higher fees. For most people, the typical charge for an hour of financial advising is around $150-$200 per hour.