With more than 15 years of experience in the financial services industry, Larry Carara helps investors cut through a crowded field of options with a high level of service and a personal commitment to every client relationship.
As a partner at Baker & Carara Private Wealth Partners, Larry practices a different kind of wealth management: rules based, documented, and designed to endure through all market environments.
Every investment decision is guided by a written philosophy with defined triggers and predetermined actions. No guesswork. No emotional reactions. No changing course when markets become volatile. Rather than relying on predictions or responding to headlines, Larry follows a simple, repeatable six step process that helps clients move from where they are today to a plan they understand, believe in, and can confidently follow.
His approach is grounded in a core belief: disciplined asset allocation drives the majority of long term investment outcomes. Larry teaches clients the difference between risk and volatility so they can avoid making permanent decisions based on temporary conditions. He also structures near term income needs separately from long term growth assets, allowing portfolios to remain invested and continue compounding through every market cycle.
This philosophy extends beyond investing. In 2024, determined to overcome a lifelong fear of flying, Larry earned his private pilot's license. Rather than allowing fear to dictate his decisions, he chose to better understand it. Through training, education, and repetition, he learned that knowledge and preparation often reduce uncertainty. It is the same principle he applies when helping clients navigate market volatility: understand the risks, build a process, and trust the plan.
Through Raymond James, Larry has access to the resources of one of the largest independent full service financial services firms not headquartered on Wall Street. Clients can expect timely, transparent communication and straightforward advice that empowers them to make informed decisions about their financial lives.
Larry joined Raymond James in 2022 after spending more than a decade with Edward Jones. He graduated from Johnson & Wales University with a degree in Financial Services Management.
Larry lives in Allen, Texas, with his wife, Caite, whom he married in 2019, and their two children, Lawrence and Makena.
Outside the office, Larry is a Brazilian jiu jitsu black belt, No Gi world champion, and multiple time world medalist. Today, he has shifted much of his focus to coaching at his Brazilian jiu jitsu academy and the Allen Wrestling Club, helping the next generation develop discipline, resilience, and confidence.
He is also the founder of Grapple & Grow, a nonprofit organization dedicated to helping children gain access to wrestling and Brazilian jiu jitsu programs regardless of financial circumstances.
When he is not working with clients or coaching, Larry enjoys spending time with his family, cooking, chess, powerlifting, golf, bow hunting, and flying. Larry's wife often jokes that his hobby is picking up hobbies.