The Top Financial Advisors in Texas

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Fisher Investments, a global money management firm headquartered in Plano, Texas, is the top-rated advisory firm in the Lone Star State. The fee-only financial advisor has the largest amount in assets under management (AUM) of any firm on this list. The firm's AUM is on a discretionary basis only. With clients spread across the U.S., Europe, Canada, Asia and the Middle East, the firm serves more than 160,000 individual clients and hundreds of institutional clients.

Though it generally calls for a $500,000 account minimum, the firm may selectively accept a lower minimum of $200,000 for its WealthBuilder accounts. High-net-worth clients still comprise the largest percentage of its client base, though Fisher Investments also works with pooled investment vehicles, charitable organizations, state or municipal government entities and other investment advisors.

Fisher Investments' services for private clients include portfolio management, annuity conversion, financial planning and retirement planning. Its portfolio management services are divided into three categories, that include equity accounts, fixed-income accounts and balanced accounts. 

Fisher Investments takes a flexible and forward-looking approach to investing, tailoring portfolios to client needs and adjusting strategies based on market conditions. The firm seeks global opportunities across asset classes, including equities, fixed-income securities, structured products, and derivatives. The firm uses investment benchmarks to help construct portfolios, manage risk and monitor performance.

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Luthor King Capital Management is a fee-based firm that offers services to a variety of clients that includes individuals, trusts, estates, charitable organizations, government entitites, corporations and other business entities. Its advisors provide investment management, financial planning, separately managed portfolios and other services. 

Depending on what type of product or services you're interested in, there might be a variety of minimum required assets and fees. The firm charges a management fee at a specified annual percentage rate of each portfolio’s assets under management (AUM). This typically ranges from 0.25% - 1%. 

The firm offers clients several equity, fixed income and alternative investment strategies. These investment strategies are generally available through separately managed portfolios, the LKCM Funds, the LKCM Partnerships and/or the Single-Investment Partnerships. 

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Level Four Advisory Services, a fee-based firm in Dallas, is next on our list. Depending on the type of account you're trying to open, your account minimum will range between $10,000 and $500,000. Level Four prides itself on offering a robust set of services across financial planning, asset management, risk management, business services and wrap fee programs. 

The vast majority of Level Four's clients are individuals who do not have a high net worth. The firm also works with hundreds of high-net-worth individuals and institutional clients, including pooled investment vehicles, pensions, profit-sharing plans, government entities, insurance companies and other businesses.

Level Four Advisory Services has five different portfolio strategies that it has prebuilt to suit certain client archetypes. These model portfolios are aggressive growth, growth, growth with income, income with moderate growth and income with capital preservation. What will ultimately lead to the strategy you're paired with is the risk tolerance that you and your advisor decide on at the outset of your relationship. In order to satisfy this wide range of risk levels, the firm may invest in stocks, mutual funds, bonds, exchange-traded funds (ETFs) and options.

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Tolleson Private Wealth Management is a fee-only firm headquartered in Dallas. Most of Tolleson's client base is made up of high-net-worth individuals. The firm does work with some institutions as well, like banks, pooled investment vehicles and charities. To become a client of Tolleson, you'll need a $20 million minimum investment.

The firm charges its fees as a percentage of assets under management. As a fee-only practice, Tolleson's advisors do not sell financial products or insurance for additional compensation. As a result, the firm does not face the same conflicts of interest that a fee-based advisor may. 

As a client, the opening step in your relationship with Tolleson Private Wealth Management is a complete review of your needs, which culminates in the creation of an investment policy statement. This all-important document will eventually help to inform the asset allocation of your portfolio, as it details your risk tolerance, income or liquidity requirements, investment goals and more.

What's unique about Tolleson's advisory process is that, in addition to your original investment policy statement, the firm will develop another allocation plan that's based entirely on fixed-income securities. It does this in case you suddenly would prefer a safer, bond-centric strategy. Beyond this, Tolleson invests in stocks, options, mutual funds and alternative investments, too.

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Bowie Capital Management is a fee-only firm based in Richardson, a suburb of Dallas. The firm has a $5 million minimum investment and the only individuals it works with are less than a dozen high-net-worth clients. Most of the firm’s assets under management are from institutional clients such as pooled investment vehicles, insurance companies, other investment advisors and a university endowment.

Services include offering investment funds and investment management for high-net-worth clients, other investment advisors and a university endowment. 

Bowie's investment strategy focuses on maintaining a concentrated portfolio of high-quality, industry-leading companies with strong, enduring cash flows. Utilizing proprietary frameworks, Bowie identifies companies with sustainable competitive advantages that are integral to society and possess economically superior business models with above-market growth potential. By purchasing these quality companies at sensible prices, Bowie aims to protect capital on the downside while capturing potential upside, offering an attractive risk/reward balance.

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HUB Investment Partners, formerly known as TCG Advisory Services, takes the next spot on our list of the top financial advisory firms in Texas. The Austin-based firm and its advisors work with a variety of clients, but primariyl focus on individuals and high-net-worth individuals. HUB also serves banks, investment companies, pensions and profit sharing plans, charities, government entities, corporations and other business entities.

HUB specializes in portfolio management, but it provides a few different kinds of portfolio management. Clients can take advantage of model portfolios, management programs and robo-advisor services. HUB also offers financial planning and retirement planning services.

HUB offers a range of portfolio management options for both retail clients and high-net-worth individuals, tailoring cash, equity and fixed-income allocations to meet specific client objectives and risk tolerance. Their strategies involve various investments, such as individual securities, ETFs, mutual funds, and closed-end funds, and can be customized as needed. Regular portfolio reviews ensure alignment with client goals.

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U.S. Capital Wealth Advisors is the top-rated firm in Houston and one of the highest-rated advisors in the Lone Star State. U.S. Capital Wealth requires clients to have a minimum of $50,000 in investable assets. As a result, the majority of its clients are individuals below the high-net-worth threshold. Previously operating under the name USCA RIA, LLC, the firm also serves high-net-worth individuals, pensions, profit-sharing plans, charities and corporations.

U.S. Capital Wealth is considered a fee-based advisory firm because its advisors, who are also licensed insurance agents and representatives of a broker/dealer, can earn commissions on specific transactions. However, as a fiduciary, the firm is obligated to act in its clients' best interests despite these potential conflicts of interest.

U.S. Capital Wealth Advisors offers financial planning and portfolio management services, managing assets on both a discretionary and non-discretionary basis. While the firm previously offered a wrap fee program that charged a single fee for a suite of services, it no longer appears to provide this program. U.S. Capital Wealth tailors its investment strategies based on clients’ needs, goals and objectives. The firm utilizes fundamental, technical and quantitative methods of analysis, along with statistical tools and valuation methodologies, to develop investment advice.

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Retirement Planners of America is a fee-based firm located in the Dallas suburb of Plano. In addition to client fees, advisors at the firm may earn commissions from selling insurance products or securities. While this form of compensation represents a conflict of interest, they are still bound by fiduciary duty requiring them to always act in the best interest of the client.

The firm’s business mainly comes from individual accounts, though it also manages money for high-net-worth individuals. The firm also provides advice for pension and profit sharing plans. It has no set account minimum. The firm’s services include financial planning, investment management, retirement advice, family legacy planning, Medicare and long-term planning, income tax planning and education. Moraif hosts the “Money Matters with Ken Moraif” radio show.

Retirement Planners of America designs a personalized portfolio for each client based on his or her financial situation and investment preferences. It meets frequently with clients to go over results and check in on goals. The firm regularly rebalances portfolios to cut down on volatility. Investments include mutual funds, fixed and variable annuities, insurance products, exchange-traded funds (ETFs) and individual securities. The firm has both buy and sell strategies.

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While True North Advisors’ client base is mostly high-net-worth individuals, it also serves a number of individuals without a high net worth, retirement plans and charitable organizations. That being said, for True North Advisors to take you on as a client, you’ll need a minimum of $5 million in investable assets.

True North Advisors is a fee-only firm, meaning it's compensated solely through client fees, not sales comissions. It has nine Certified Financial Planner™ (CFP®) on staff, as well as four certified private wealth advisors (CPWAs), three chartered financial analysts (CFAs), one certified public accountant (CPA) and two chartered alternative investment analysts (CAIAs).

True North says on its firm brochure that it believes in active management but will allocate portions of the portfolio to passive investments such as indexed ETFs or indexed mutual funds where necessary. The firm also says it values alternative investment and private investment strategies. The firm’s portfolios tend to adhere to the philosophy of value investing. According to the company information, it considers niche opportunistic strategies within traditional and non-traditional asset classes.

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Cain, Waters & Associates is a fee-based frim in Frisco offering the services of financial planning, business planning, retirement planning and other advisory services. The firm charges fixed fees, hourly charges and a percentage of assets under management for its advisory services. The AUM fees often fall between 0.50% - 1%. 

The firm works with individuals, professional entities and trustees/plan sponsors of pension and profit-sharing plans. You'll need at least $100k of investable assets to work with the firm's advisors. 

Cain, Waters & Associates offers investment management services by referring clients to Pooled Investment, UMA, SMA, and Participant Directed programs. We will assist our clients in selecting an appropriate allocation and determining an investor profile. The investor profile and the entire financial planning process will help us recommend an asset allocation strategy.