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 put in the work to help you find the top financial advisor firms in Arlington, Texas. This list of the top Arlington financial advisor firms comes from hours of research into the city’s firms. 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 pair you with a financial advisor near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Baker Financial Services Find an Advisor||$398,444,000||No set account minimum|| |
Minimum AssetsNo set account minimum
|2||Trinity Fiduciary Partners, LLC Find an Advisor||$128,389,100||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Parkstone Wealth Management, LLC Find an Advisor||$121,030,900||$25,000 minimum annual fee|| || |
Minimum Assets$25,000 minimum annual fee
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|4||Paladini Financial Advisors, LLC Find an Advisor||$115,917,000||$5,000 minimum annual fee|| || |
Minimum Assets$5,000 minimum annual fee
How We Found the Top Financial Advisor Firms in Arlington, Texas
To create this list of top financial advisor firms, SmartAsset considered all firms in Arlington, Texas registered with the U.S. Securities and Exchange Commission (SEC). We specifically looked at SEC-registered firms because of their fiduciary duty to put clients’ best interests ahead of their own. We eliminated firms with disciplinary issues so only firms with clean records made it to our final list for consideration. We also eliminated firms that did not manage individual accounts or did not have financial planners on staff. The remaining firms were sorted according to assets under management (AUM), from highest AUM to lowest.
Baker Financial Services
Baker Financial Services is a fee-based financial advisor firm with $398 million in assets under management (AUM). The firm is fee-based because, in addition to portfolio management fees, advisors can earn commissions from selling insurance products like life insurance and fixed annuities. Baker Financial abides by fiduciary duty, though, legally binding it to act in clients' best interests.
Baker Financial Services has four financial advisors on staff. Two of them hold the certified financial planner (CFP) designation. Aside from this, the firm also boasts one chartered life underwriter (CLU) and one chartered financial consultant (ChFC).
More than three-quarters of the firm’s clients are individuals. The firm also works with high-net-worth individuals, pension and profit sharing plans, IRAs, 401(k) participants, trusts, estates, charitable organizations, corporations and other business entities. There is no set minimum for opening or maintaining an account with Baker Financial Services.
Baker Financial Services Background
Baker Financial Services became a registered investment advisory firm with the SEC in 1999. Firm president Gerald Baker is the sole owner of the firm to this day.
Baker Financial Services 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.
Baker Financial Services Investing Strategy
Baker Financial Services’ investment philosophy revolves around preserving a client’s capital, taking a long-term investing 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 used include large, mid and small capitalization domestic stocks, international stocks, real estate and commodities.
Trinity Fiduciary Partners, LLC
Trinity Fiduciary Partners, LLC has a small advisory team that features a lone certified financial planner (CFP). There is no minimum account size requirement to join this firm that manages $128 million in assets. Out of Trinity's 80-plus clients, more than 60 are individuals. High-net-worth individuals, trusts, estates, charitable organizations, retirement plans and businesses are also typical members of its client base.
Trinity's most distinctive quality is its introduction of religion into investing. This firm looks to "preserve and grow your wealth without violating your social and religious values," according to a statement on its website.
Some of the advisors at Trinity can sell insurance or brokerage products for additional compensation. The firm does abide by fiduciary duty, though, legally binding it to act in your best interests no matter what.
Trinity Fiduciary Partners, LLC Background
Trinity Fiduciary Partners is owned by a combination of seven individuals and holding company IWP Holdings, LLC. IWP holds the highest percentage of the firm's shares, though it is owned by Trinity CEO Sam Saladino. Saladino also founded the firm in 2005 after working at Ameriprise Financial Planning for nine years.
Rather than approach client relationships with both financial planning and investing services, Trinity is fully focused on investment management. However, the firm uses the creation and management of your portfolio to help you reach your stated financial goals.
Trinity Fiduciary Partners, LLC Investing Strategy
New clients' first introduction to Trinity Fiduciary Partners will be a one-on-one meeting with an advisor to determine their risk tolerance, personal financial goals and cash flow needs. These characteristics are then condensed into a succinct investment policy statement (IPS) that will guide the firm in the creation stage of your portfolio. Trinity manages its own mutual fund strategies that will be considered during this process.
Once your money is invested, the firm will manage your portfolio on either a discretionary or non-discretionary basis depending on what you prefer. As your investments age, you'll have quarterly performance reports and annual meetings to make sure your portfolio is up to date and progressing.
When it comes to specific asset allocations, Trinity has produced five separate, risk-adjusted strategies: FFV Income, FFV Conservative, FFV Balanced, FFV Growth and FFV Aggressive.
Parkstone Wealth Management, LLC
Parkstone Wealth Management is a fee-only financial advisor firm that primarily serves professional athletes. The firm does also serve other individuals, as well as trusts, estates, charitable organizations and businesses.
A small staff of three advisors, at least one of whom is a certified financial planner (CFP), manages the firm’s $121 million in assets under management (AUM). A minimum annual fee of $25,000 is required to open and maintain an account with Parkstone Wealth Management.
Parkstone Wealth Management, LLC Background
Parkstone Wealth Management was founded in 2013 by managing directors Cheryl F. Quisenberry and Chester A. Straily. Both are the firm’s sole owners.
The firm offers clients a number of financial planning services. These include help with cash flow and budgeting, education funding, mortgages, charitable planning, estate planning, retirement planning and business planning.
Many of these services are available to clients through the firm’s online tools, which are accessible through clients’ personalized online accounts. For example, you can create a personalized budget and track your spending across multiple categories. You can also link investment accounts as well as other accounts to see your full financial picture, and you can set financial priorities, create goals and then receive constant feedback on how you are tracking toward your goals. These tools update daily to ensure that clients are always looking at the most up-to-date information.
Parkstone Wealth Management, LLC Investing Strategy
Parkstone Wealth Management creates client portfolios that are tailored to the specific goals and circumstances of each individual client. However, regardless of the client, the firm 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.
The three major asset classes used in portfolios are stocks, bonds and cash equivalents. Parkstone Wealth Management does not advocate attempting to time the market, because it believes that the markets are too difficult to predict.
Paladini Financial Advisors, LLC
Despite having just three financial advisors at its offices, Paladini Financial Advisors, LLC (PFA) manages $115 million for over 700 clients. The vast majority of these clients are high-net-worth individuals, though individuals and retirement plans also hold a significant stake. Rather than impose the oft-seen minimum investment requirement, Paladini calls for a minimum annual fee of $5,000. It is a fee-only firm.
Each member of the financial advisor trio at Paladini holds a certified financial planner (CFP) designation. Partner and financial advisor John Line is also a certified public accountant (CPA) and a certified valuation analyst (CVA).
Paladini Financial Advisors, LLC Background
Prior to its transformation in 2015, Paladini Financial Advisors operated under the name Paladini Financial Management, Inc. since 2006. Matthew Paladini, the lead advisor at PFA, founded both firms and remains Paladini's principal owner to this day. John Line owns about a third of PFA through his own company, John Line, CPA, Inc.
Personal financial planning and investment and wealth management are the core advisory offerings available through Paladini. These are further broken down into options like retirement planning, income tax planning, risk management, estate planning and more. Rather uniquely, Paladini has business planning and transition services specifically for dental practices.
Paladini Financial Advisors, LLC Investing Strategy
Paladini Financial Advisors hands each new client an investment questionnaire that is meant to help decipher his or her investor characteristics. Ultimately, this series of questions will enlighten you and your advisor as to your exact risk tolerance, time horizon, income needs and investment goals.
Based on these elements, the firm constructs a portfolio plan that will look to maximize your return potential for your risk level. There are a number of different investments that your money could end up in, like large and small domestic stock funds, international stock funds, bond funds, commodity funds, money market funds, exchange-traded funds (ETFs) and mutual funds.