Finding a Top Financial Advisor Firm in Arlington, Texas
It can be challenging to find the right financial advisor because there are many competing for your business. That’s why SmartAsset dug into the research to find the top financial advisor firms in Arlington, Texas. For this list of the top Arlington firms, we considered assets under management, services, disciplinary records and more. We lay out our findings below and explain what differentiates these firms from each other. If you want more help with your search, SmartAsset’s financial advisor matching tool can connect you with up to three vetted financial advisors who serve your area.
Find a Fiduciary Financial Advisor
We match nearly 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 | Baker Financial Services  Find an Advisor | $833,236,710 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 2 | Parkstone Wealth Management, LLC  Find an Advisor | $201,134,485 | $3 million |
| Minimum Assets$3 millionFinancial Services
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What We Use in Our Methodology
To find the top financial advisors in Arlington, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Baker Financial Services
Baker Financial Services (BFS), also known as Gerald Baker Financial Group, LLC, is a fee-based firm whose client base primarily consists of individuals and high-net-worth individuals. BFS also works with pensions and profit-sharing plans.
BFS provides clients with portfolio management services, financial planning services and consultation services. Portfolio management is available only to clients, but non-clients can receive investment advice on a limited basis for a fee. Financial planning includes everything from personal budgeting to managing a 401(k) to following a retirement plan. Consultation services include many of the same planning services that are available to clients.
The firm's investment philosophy revolves around preserving a client’s capital, taking a long-term view and using a passive investing approach over an active investing approach.
Advisors create client portfolios to be diversified across multiple asset classes. The classes commonly include large-, mid- and small-capitalization domestic stocks, international stocks, real estate and commodities, as well as mutual funds and exchange-traded funds (ETFs).
BFS does not impose a minimum for opening or maintaining an account.
Parkstone Wealth Management, LLC
Parkstone Wealth Management (PWM) is a fee-only firm that works mainly with professional athletes. PWM also serves both high-net-worth and non-high-net-worth individuals, as well as charities and businesses.
A minimum annual fee of $25,000 or a minimum account balance of $3 million is required to open and maintain an account.
PWM offers clients a number of financial planning services, including help with cash flow and budgeting, education funding, estate planning, retirement planning and business planning.
The firm creates client portfolios that are tailored to the specific goals and circumstances of each individual client. However, regardless of the client, PWM focuses on asset allocation and on diversification across multiple asset classes. Parkstone Wealth Management bases its investment philosophy on the idea that a diversified portfolio will help reduce risk.
Portfolio management is conducted on a discretionary basis -- advisors have the authority to make trades and other management decisions without first consulting the client. Advisors primarily allocate client assets among independent investment managers, mutual funds, ETFs and individual bonds.
