The Top Financial Advisors in Texas

Find an Advisor

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 Background

Now a renowned figure in the investment world and author of 11 books, Ken Fisher founded Fisher Investments in 1979. Investment Advisor Magazine has named Fisher one of the 30 most influential figures in the investment advisory business for the last three decades.

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, each of which is aimed at maximizing returns within risk parameters:

• Equity accounts: mainly use common stock and cash equivalents
• Fixed-income accounts: mainly use various fixed income instruments and cash
• Balanced accounts: use a combination of stocks, fixed income instruments and cash

Ken Fisher is the majority owner (indirectly through his company Fisher Investments, Inc.) and serves as the firm's executive chairman and co-chief investment officer. Several other senior leaders have small stakes.

In addition to its place at No. 1 on SmartAsset's list of the top-rated financial advisors in Texas, Fisher Investments also ranks among the top advisory firms in the United States. 

Fisher Investments Investment Strategy

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. Furthermore, Fisher Investments engages in tax-loss harvesting for taxable accounts to potentially reduce tax burdens. In anticipation of a bear market, the firm may adopt a defensive strategy by increasing investments in fixed-income securities, money market instruments, derivatives, and other hedging techniques, although there is no guarantee that these strategies will avoid losses.

Meanwhile, short sales and structured notes may also be utilized, allowing for potential profits from declining asset prices, although they come with increased risks. Clients can request limitations on specific strategies, and Fisher ensures transparency and client collaboration throughout the investment process.

Find an Advisor

Located in Irving, United Capital Financial Advisors is a fee-based firm that serves corporate pension and profit-sharing plans, corporations, government entities, individuals and high-net-worth individuals.

United Capital typically requires a minimum of $500,000 in assets for discretionary account management, though exceptions can be made. For institutional clients, a minimum of $2 million in assets is generally required for investment management services, with potential waivers at the firm's discretion.

As a fee-based practice, United Capital’s advisors can receive additional compensation when advisory clients make certain transactions, like when they purchase insurance through them. This is a conflict of interest because third-party compensation, like sales commissions, incentivizes advisors to make certain recommendations over others. But as an SEC-registered investment advisor, United Capital is legally required to act in its clients’ best interests.

United Capital Financial Advisors Background

Founded in 2005, United Capital is principally owned by Creative Planning Holdco, LLC (CP Holdco), which serves as its corporate owner. While its headquarters are in Irving, United Capital operates numerous regional offices across the United States, ensuring a widespread presence to serve clients nationwide.

United Capital offers a wide range of services tailored to meet the diverse needs of their clients. They provide financial planning, which can be independent or part of a larger service package, focusing risk tolerance, retirement, investment and insurance planning. Clients can choose to engage United Capital solely for financial planning, which doesn’t obligate them to implement the firm's recommendations or allow United Capital discretion over their assets. The firm also delivers personalized portfolio management based on clients’ financial goals.

Additionally, United Capital provides sub-advisory services to other investment advisors and broker-dealers, which includes strategy development and management of client assets.

United Capital Financial Advisors Investement Strategy

United Capital employs a strategic approach that focuses on long-term goals while remaining adaptable to the evolving circumstances of their clients' lives. The firm aims to achieve capital growth through low volatility and diversified investments. Additionally, they incorporate alternative mutual funds that utilize non-traditional investments and complex trading strategies. When crafting investment plans, the firm considers several key client characteristics. These include the client's specific investment objectives, the impact on their portfolio diversification goals, alignment with their asset allocation model and investment program, the projected timing for implementing strategies, and the client's unique and personalized financial plan. United Capital’s typical investment options include mutual funds, separate accounts, alternative mutual funds, individual stock and bond positions and variable subaccounts.

Find an Advisor

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.

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.

There's no shortage of advisory certifications at Level Four, including Certified Financial Planners™ (CFPs®), several chartered life underwriters (CLU), chartered financial consultants (ChFC), chartered retirement planning counselors (CRPC), certified public accountants (CPA) and accredited investment fiduciaries (AIF). However, a majority of its advisors are also licensed insurance agents and representatives of a broker/dealer. In these additional roles, advisors may earn commissions on some transactions, which is considered a conflict of interest. This makes Level Four a fee-based firm, but it remains obligated to act in your best interests as a fiduciary. 

Level Four Advisory Services Background

Carr, Riggs & Ingram, LLC, a CPA firm in Alabama, owns Level Four Advisory Services through Level Four Group, a financial services holding company. Level Four Advisor Services was established in 2005.

Level Four prides itself on offering a robust set of services across financial planning, asset management, risk management, business services and wrap fee programs. 

Level Four Advisory Services Investment Strategy

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.

Find an Advisor

Tolleson Private Wealth Management is a fee-only firm headquartered in Dallas. Advisors at the firm hold a variety of financial certifications including the Certified Financial Planner™ (CFP®), certified public accountant (CPA), certified private wealth advisor (CPWA), chartered financial analyst (CFA) designations, among others. 

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. 

Tolleson Private Wealth Management Background

Tolleson Private Wealth Management was founded in 2000. Executive chairman John C. Tolleson decided to start the business following his retirement from First USA, a retail banking and financial services company that he also founded and grew into a multi-billion dollar public corporation. In total, John Tolleson has over 50 years of experience in finance.

While financial planning and strategic wealth management are integral offerings at Tolleson, the firm typically utilizes an investment-first strategy to achieve clients' goals. This involves a breadth of services, such as investment strategy development, asset allocation determination, performance monitoring, consulting and third-party investment manager analysis.

Tolleson Private Wealth Management Investment Strategy

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.

Find an Advisor

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.

Retirement Planners of America is also on SmartAsset’s list of the top financial advisor firms in Plano. It sports a large team of advisors who hold various professional credentials, including the Certified Financial Planner™ (CFP®), chartered financial consultant (ChFC), long-term care professional (LTCP) and chartered retirement planning counselor (CRPC) designations.

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.

Retirement Planners of America Background

Retirement Planners of America was founded in 2011 as Money Matters With Ken Moraif but changed its name in 2019. Moraif, who remains the firm's president and CEO, owns the business through the Moraif Family Exempt Irrevocable Trust. 

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.

The firm also offers educational seminars.

Retirement Planners of America Investment Strategy

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.

Find an Advisor

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.

This fee-based firm has a large team of advisors on staff, many of whom hold designations such as Certified Financial Planner™ (CFP®), certified investment management analyst (CIMA), chartered financial analyst (CFA) and chartered portfolio manager (CPM).

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 Background

Founded in 2010, U.S. Capital Wealth Advisors was formerly known as USCA RIA, a wholly owned subsidiary of financial services boutique U.S. Capital Advisors LLC, which also owns USCA Securities, LLC, USCA Asset Management, and USCA Management, LLC. In May 2021, USCA RIA's membership interests were transferred to U.S. Capital Advisors LLC, and its assets were transferred to a subsidiary named Legacy One, later renamed U.S. Capital Wealth Advisors. This consolidation allowed U.S. Capital Wealth Advisors to expand its advisory services to include external manager accounts and fee-based financial planning. Some of the firm's advisors are also registered with USCA Securities LLC, a registered broker-dealer.

In April 2024, USCW Holdco, LLC purchased the firm and was set to acquire its affiliates during the third quarter of 2024.

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 Advisors Investment Strategy

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.

Typically, client assets are invested in mutual funds, exchange-traded funds (ETFs), individual securities and bonds. With client approval, the firm may engage in options trading, such as selling covered calls or buying puts and calls. Their strategies can include selling uncovered puts, provided there are sufficient funds to purchase the equity in cash or cash equivalent securities in the account. The firm also considers alternative investments and private placements when suitable for the client.

While clients may choose to follow a wide range of investment advice, including higher-risk strategies, the firm's advisors are guided by each client's investment objectives and risk tolerance when making investment decisions.

Find an Advisor

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.

The team at BCM includes two chartered financial advisors (CFAs) and one certified private wealth advisor (CPWA). As a fee-only firm, Bowie advisors do not sell financial products or insurance for third-party compensation. Instead, the firm earns compensation solely from the fees that clients pay for investment management. 

While the firm's Form ADV states that it offers financial planning services, neither the firm brochure nor website appear to reference financial planning. 

Bowie Capital Management Background

The firm was founded in 2014 and is solely owned by Cory Whitaker, who also serves as chief investment officer.

Services include offering investment funds and investment management for high-net-worth clients, other investment advisors and a university endowment. The firm provides its investment management services through various private funds and separately managed accounts (SMAs), including the:

• Bowie Investment Fund, LP
• Bowie Capital Partners, LP
• Bowe Capital Offshore Partners, Ltd

Bowie Capital Management Investment Strategy

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.

Most investments comprise public equities, but Bowie occasionally pursues special situations and event-driven equity and debt opportunities. Bowie offers two types of SMAs: Active Asset Equity, focusing on publicly traded equity securities, and Base Asset, investing in fixed-income securities and other assets. The SMAs provide a client-specific approach to capitalize on investment opportunities, allowing clients to adapt Bowie's frameworks to their unique goals.

Find an Advisor

CH Investment Partners is a Dallas-based investment advisory firm managing billions in assets. With a $50 million account minimum, CH Investment Partners serves ultra-high-net-worth individuals, as well as pooled investmetn vehicles, charitable organizations and at least one business entity. 

The firm is fee-only, meaning it earns compensation solely from asset-based, fixed and performance-based fees. Unlike a fee-based firm, CH Investment Partners and its advisors do not earn third-party compensation for selling securities and/or insurance. 

CH Investment Partners Background

Established in 2019 and primarily owned by Michael Silverman and Kirk Rimer, CH Investment Partners employs a team of certified public accountants (CPAs) and chartered financial analysts (CFAs) to provide investment management, financial planning, advisor selection, and business consulting services to both individual and institutional clients. The firm primarily caters to separately managed accounts and affiliated pooled investment vehicles.

CH Investment Partners Investment Strategy

CH Investment Partners offers a diverse array of investment strategies, including global equities, hedge funds, private equity, direct investments, master limited partnerships, real estate and fixed income. It may also invest directly in financial instruments, securities, private investments,and other assets. The firm's investment approach takes into account diversification, the correlation between existing and potential investments, suitable liquidity terms, appropriate fee structures and the alignment of interests between the client and CH Investment Partners. 

Find an Advisor

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.

The firm's staff has earned numerous certifications including Certified Financial Plannerr™ (CFP®), accredited investment fiduciary (AIF) and chartered financial analyst (CFA). There is no set account minimum stated on this firm's Form ADV. HUB Investment Partners (HUB) is a fee-only firm, which means its advisors do not sell financial products for commissions. 

HUB Investment Partners Background

While the firm's predecessor was founded in 2002 by John Pesce (CEO) and Mike Cochran, the practice registered with the SEC as an investment advisor in 2020. HUB was previously owned by TCG Group Holdings, LLP and investment advisor Total Compensation Group Investment Advisory Services Management, LLC. However, the firm was acquired by HUB International Limited in 2021 and its name was changed from TCG Advisory Services to its current moniker in July 2024. 

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 Investment Partners Investment Strategy

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.

The firm may also employ third-party asset managers (TAMPs) at its discretion to manage client investments, with such accounts contributing to the firm's regulatory assets under management.

Find an Advisor

Americana Partners is a Houston advisory firm that operates on a fee-based model and manages billions in assets. Prospective clients will be pleased to know that the firm does not require a minimum initial investment, making its services accessible to a broad range of clients, including individuals above and below the high-net-worth threshold, retirement plans, businesses, and charities.

As a fee-based firm, some advisors at Americana Partners may earn sales commissions from specific transactions, such as when clients purchase securities or insurance products through them. This presents a potential conflict of interest because third-party compensation could incentivize advisors to recommend certain products to generate sales commissions. Despite this, the firm upholds a fiduciary duty to act in the best interests of its clients at all times.

Americana Partners Background

Established in 2019, Americana Partners is primarily owned by president Jason Fertitta. Collectively, the firm's advisory team brings over 100 years of experience in the wealth management industry. Americana Partners has additional office locations in Austin, Dallas, and Midland, Texas, and its advisors include Certified Financial Planners™ (CFPs®), certified investment management analysts (CIMAs), and chartered financial analysts (CFAs).

The firm offers a range of services, including investment and wealth management, and access to its own private funds.

Americana Partners Investment Strategy

Americana Partners customizes investment portfolios based on the specific needs of its clients. Beyond their ultimate financial objectives, the firm considers factors like risk tolerance, time horizon, liquidity needs, and investment preferences when creating these plans. Since these characteristics can evolve, Americana Partners regularly reassesses clients' portfolios to ensure alignment with their changing needs.

The firm typically invests in individual debt and equity securities, mutual funds, exchange-traded funds (ETFs), options, and structured products. Occasionally, they also utilize the expertise of independent managers. In evaluating potential investments, Americana Partners employs technical, fundamental, and charting analysis methods.