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Top Financial Advisors in Addison, TX

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Addison, Texas

If you’re on the hunt for a financial advisor in Addison, Texas, we can help. The SmartAsset team did some serious digging into registered investment advisors (RIAs) in the city to find the top ones. We compared and contrasted key details like fee structures, account minimums, investment philosophies and more. SmartAsset also provides a free financial advisor matching tool that can set you up with as many as three advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Spectrum Advisors, Inc. Spectrum Advisors, Inc. logo Find an Advisor

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$118,000,000 $50,000
  • Investment management
  • Retirement planning
  • Tax planning
  • Asset protection
  • Insurance
  • Estate planning

Minimum Assets


Financial Services

  • Investment management
  • Retirement planning
  • Tax planning
  • Asset protection
  • Insurance
  • Estate planning

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What We Use in Our Methodology

To find the top financial advisors in Addison, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

Spectrum Advisors, Inc.

Spectrum Advisors, Inc. is a fee-based firm based in Addison, Texas, which is just north of Dallas. The practice generally requires a minimum account size of $50,000 for investment advisory services. It should be noted that as a fee-based firm, Spectrum may receive a commission from third parties for advising certain investments. However, the firm has a fiduciary duty to each client in order to always put their needs first. 

Spectrum Advisors Background

Spectrum Advisors was founded in May 1996 by Jon Michael Reppert. He and David Faulkner are the sole shareholders of the firm. The team consists of four advisors, including Managing Partner Toni Rabroker, who is a certified senior advisor. In addition to portfolio management services, Spectrum offers advice on such financial topics as: 

Spectrum Advisors Investment Strategy

Advisors with Spectrum Advisors build portfolios based on the long-term financial goals and risk tolerance of the individual client. To meet these goals, the firm generally invests client assets across mutual funds, warrants, preferred stocks, options, government bonds, cash equivalents and more. 

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research