About Magnolia Wealth Strategies - New Orleans Financial Consultants

Magnolia Wealth Strategies is a wealth management company that offers a full-range of financial solutions serving the needs of individuals, families, and businesses. We work with you to integrate your entire financial life into a comprehensive plan giving you confidence that all your assets are working towards your goal. With more than 100 financial professionals, we provide customized financial solutions to clients across LA, MS, AL, & the FL panhandle.

Pivotal life events often occur without warning. At Magnolia Wealth Strategies, we take great pride in knowing that we have helped our neighbors, friends, families and business owners make good decisions when it comes to being financially prepared for the unexpected. We put the needs of our clients first and hold the strong belief that doing business the right way leads to long-lasting relationships with the communities we serve.

Our Leadership Team

Richard Schega, Managing Partner Magnolia Wealth Strategies
  • U.S. Military Academy at West Point, Bachelor of Science Chemistry & Life Sciences
  • University of Texas at San Antonio, MBA, Finance
  • Certified Financial Planner (CFP®)
  • FINRA Series 7, 24, and 63
  • Life, Health and Accident licensed
  • Member of the Financial Planning Association (FPA)

Richard A. Schega, CFP®, MBA
General Agent

Office: 504-613-2100

Rich’s goal as Managing Partner of Magnolia Wealth Strategies, a member of MassMutual Financial Group, is to continue to shape and fulfill the company’s strategic vision by attracting and developing top talent and providing elite support and service to our financial services representatives and their clients.

As an officer in the U.S. Army, Rich spent five years in the 101’st Airborne Division. He served in various positions, ranging from artillery platoon leader to brigade operations. In 2003, he deployed for 10 months in support of Operation Iraqi Freedom, where he was awarded the Bronze Star for actions during combat.

A graduate of the U.S. Military Academy at West Point, Rich earned a Bachelor of Science degree in chemistry and life sciences with a concentration in nuclear engineering. He completed an MBA at the University of Texas at San Antonio in 2012.

Rich has served in key community leadership positions, such as the West Point Admissions Field Force Officer for Texas’ 23rd Congressional District, board member of the West Point Society of South Texas, & a board member of the St. Francisville Chamber of Commerce Scholarship Committee. He also volunteers with several community and faith-based charities.

He is a CERTIFIED FINANCIAL PLANNER™ practitioner, holds FINRA Series 7, 24 and 63 registrations, and is licensed to sell life insurance in LA. Rich is licensed to sell securities in AL, AK, AZ, AR,CA,CO,FL,GA, HI, IL, IN, IA, KY, LA, MD, MI, MN, MS, MO, NE, NV, NJ, NM, NY, NC, ND, OH, OK, OR, PA, SC, SD, TN, TX, VA, WA.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.  Richard Schega is a registered representative of and offers securities and investment advisory services through MML Investor Services, LLC, Member SIPC.  3838 North Causeway Boulevard, Suite 3400, Metairie, LA 70002. (504) 613-2000. CRN201806-213531

Tera Wiggins

• University of Mobile, BS Organizational Management/ Finance

• Certified Financial Planner (CFP®)

• Chartered Life Underwriter (CLU®)

• Chartered Financial Consultant (ChFC®)

• Management America’s Council, 1 Time

• Management Leaders Conference, 1 Time

• Management Development Award W inner

Tera S. Wiggins, CLU®, ChFC®, CFP®
Managing Consultant

Office: 205-440-4606

Tera Wiggins became the Managing Partner of Wealth Solutions Group in Birmingham, AL, in 2008. In 2010 she was named Developing Manager of the Year and received the America’s Council Award. Tera was an Agency Sales Director at MetLife from 2006 to 2008.

Prior to joining MetLife, Tera was a Financial Advisor and Advanced Market Manager for AXA/Equitable in Mobile, AL.

Tera volunteers for Relay for Life and Prodisee Pantry and attends Double Oak Community Church.

Registered representative of and offers securities and investment advisory services through MML Investor Services, LLC, Member SIPC, 3800 Colonnade Parkway, Suite 600, Birmingham, AL 35243-2304, Tel: (205) 970-9782. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Local sales agencies are not subsidiaries of MassMutual or its affiliated companies. Agency officers are not officers of MassMutual.

• Member of GAMA, Society of Financial Services Professionals, Estate Planning Council of Mobile, AL

• Member/Board Member, NAIFA

• Member, LAMP

Tera Wiggins

Michael Christy
Managing Director (Metairie)

Office: (504) 613-2122

Tera Wiggins

Rick Zachry
Managing Director (Shreveport)

Office: (318) 227-4211

Tera Wiggins

Scott Shunnarah
Managing Director (Birmingham)

Office: (205) 440-4608

Tera Wiggins

Robert Brune
Chief Operating Officer

Office: (504) 613-2200