Finding a Top Financial Advisor in Austin, Texas
Finding the best financial advisor in Austin means choosing between many different options. Whether you're looking for help with retirement, wealth management, tax planning or a combination of services, you'll find a variety of firms that offer both the skills and insight you need right in the state capital. We narrowed down your choices to the top 10 financial advisors in Austin to help you with your decision.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||TCG Advisory Services, LLC Find an Advisor||$4,601,946,387||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Venturi Private Wealth Find an Advisor||$1,777,200,000||$2,500,000|| || |
|3||Durbin Bennett Private Wealth Management, LLC Find an Advisor||$1,285,827,081||$1,000,000|| || |
|4||Austin Asset Find an Advisor||$1,176,798,438||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Legacy One Financial Advisors, LLC Find an Advisor||$1,359,597,037||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Century Management Financial Advisors Find an Advisor||$618,190,248||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||FMP Wealth Advisers Find an Advisor||$607,581,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Richard P. Slaughter Associates, Inc. Find an Advisor||$955,448,797||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||Austin Private Wealth, LLC Find an Advisor||$578,980,483||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Waterloo Capital Find an Advisor||$719,157,759||$1,000,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Austin, 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. 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.
TCG Advisory Services
With more assets under management than any other firm on our list, TCG Advisory Services is the top-rated firm in Austin. The firm's staff includes seven certified financial planners (CFPs), two accredited investment fiduciaries (AIFs) and a chartered financial analyst (CFA).
The firm, also known as TCG Advisors, does not have a set account minimum. Individual investors make up majority of TCG's client base.
This is a fee-only firm, meaning all of its income comes from client fees. Compared to other firms on our list, TCG has the most advisors and second-most individual clients.
TCG Advisory Services Background
TCG is a privately-held limited liability company owned by holding company TCG Group Holdings, LLP and investment advisor Total Compensation Group Investment Advisory Services Management, LLC. A forerunner of the firm was opened in 2001 by CEO John Pesce and chairman Mike Cochran. Pesce is TCG's principal owner, as he personally owns the largest stake in TCG Group Holdings.
TCG Advisory Services has operated since 2020. The main advisory offering is investment portfolio management, but it provides this service in several variations. In fact, you can choose from multiple portfolio models, management programs and robo-advisor services through Charles Schwab Intelligent Portfolios. Should you want it, TCG can offer some financial planning services.
TCG Advisory Services Investment Strategy
Because TCG's portfolio management services are model-centric, much of its investment philosophy revolves around how it builds and maintains those strategies. Portfolio model reviews occur regularly at TCG in the name of maximizing returns while mitigating volatility. If the firm sees an allocation shift of more than 5% within any one model, its advisors will rebalance it to the originally intended percentages.
Venturi Private Wealth
You’ll need a minimum of $1 million in investable assets to start a relationship with Venturi Private Wealth, the second highest-rated firm in Austin. The majority of the firm's clients are high-net-worth individuals. Unlike fee-only firms, Venturi Management is a fee-based company. This means that while Venturi is a fiduciary and obligated to work in the best interest of its clients, representatives of the firm may receive commissions for certain insurance product sales.
The firm employs several financially certified individuals, including certified financial planners (CFP), chartered financial analysts (CFA) and certified investment management analysts (CIMA). Venturi has the best client-per-advisor ratio of the firms on our list.
Venturi Private Wealth Background
Russell Norwood and George Clark, two advisors with a combined 41 years at Merrill Lynch, founded Venturi Private Wealth in 2015. With its goal to “deliver unbiased, objective advice you can trust,” Venturi Private Wealth offers a variety of services. You’ll have the option to choose from discretionary investment advisement, integrated financial planning, estate planning, business advisory services and more.
Venturi Private Wealth Investment Strategy
Venturi primarily relies on fundamental analysis when evaluating securities. The firm typically allocates client assets among mutual funds, ETFs, individual debt and equity securities, as well as options and independent investment managers.
When selecting independent managers, Venturi will assess the manager's investment strategies, past performance, risk profile, returns, pricing, research capabailities and other factors.
Durbin Bennett Private Wealth Management
Third on our list of top Austin advisors is Durbin Bennett Private Wealth Management. You’ll need at least $1 million for Durbin Bennett to consider you as a client. In addition to high-net-worth individuals, the firm also works with charitable organizations, pooled investment vehicles and corporations.
As a fee-only firm, Durbin Bennett's compensation comes from client fees, not commissions. Its advisory staff includes eight certified financial planners (CFPs), three chartered financial analysts (CFAs), two certified public accountants (CPAs), among other accredited professionals.
Durbin Bennett Private Wealth Management Background
Founded by Richard Bennett and Brent Durbin in 1987, the firm provides financial planning, portfolio management, selection of other advisors -- including private fund managers -- and consulting services. In addition to Bennett, the firm is owned by Matthew Jachimiak, Margaret Huang Casey, Paul Lueb Jr., Tylor Seaman and Chery Phan.
Durbin Bennett Private Wealth Management Investment Strategy
If you enjoy a healthy amount of market skepticism, you’ll likely agree with Durbin Bennett’s belief that markets can be irrational or inefficient. This belief informs the company’s portfolio strategy, which is based on a passive core and more active satellite components.
You’ll decide your ratio of passive-to-active investments when you speak to your advisor to discuss financial goals and planning. Rebalancing is another Durbin Bennett portfolio tenet. Portfolios are rebalanced as needed by adhering to predetermined tolerance ranges for various asset classes.
The firm's last core tenet prioritizes net returns over gross returns. This means your advisor will construct your portfolio with tax implications in mind. They will capture losses when possible, as well as long-term gains over short-term ones.
For broker-dealer services, Durbin Bennett recommends you use Schwab Advisor Services or Fidelity Investments.
Austin Asset, a fee-only advisor, is the fourth highest-rated financial advisory firm in Austin. Being fee-only means the company makes money solely from fees, rather than commissions via the sale of products. Austin Asset does not appear to have a minimum account size, however, it charges a $5,000 flat fee plus asset-based fees for wealth management.
Austin Asset works mostly serves high-net-worth individuals, but also works with charitable organizations and non-high-net-worth individuals. The firm's advisory team includes 13 certified financial planners, two certified public accountants and other accredited professionals.
Austin Asset Background
Austin Asset’s philosophy is that wealth planning is a journey, not a one-time exercise. The company started conducting business in 1986, making it the second-longest tenured firm on our list. Austin Asset claims to be one of the first to provide fee-only financial services. William Hehman, the firm's CEO, and Gregory Van Wyk, its executive vice president, are the principal owners of Austin Asset.
Austin Asset Investment Strategy
Austin Asset tailors investment portfolios to each client relationship. The firm generally assumes a long-term strategy based on holding securities for over a year. An investment advisory committee comprising 10 certified financial planners on staff meets monthly and steers the firm's investment philosophy.
Investment advice is typically given on a variety of securities, including mutual fund shares, foreign issuers, exchange-listed securities, securities traded over-the-counter and others.
Legacy One Financial Advisors, LLC
With the second most assets under management of the firms on our list, Legacy One Financial Advisors is the No. 5 firm in Austin. As a fee-based firm, some of Legacy One Financial Advisors' employees have the opportunity to earn commissions from the sale of insurance products. Legacy One does abide by a fiduciary duty, legally binding it to act in your best interest no matter what.
There is no specified account minimum at Legacy One. This has possibly been the catalyst for non-high-net-worth individuals occupying the largest portion of its client base. Legacy One also works with high-net-worth individuals, trusts, businesses, charitable organizations, retirement plans and family offices.
The firm's staff features four certified financial planners (CFPs), one certified public accountant (CPAs), one chartered life underwriter (CLU), a chartered financial consultants (ChFC) and one chartered financial analyst (CFA).
Legacy One Financial Advisors Background
Managing partners Kevin Lange and Bert Foster co-founded Legacy One in 2017. Today, the firm is wholly owned by Legacy One Financial Holdings, which is controlled by John Paul DeJoria.
The overarching category of wealth management at Legacy One affords clients the chance to access a multitude of services. In addition to financial planning and pension consulting services, the firm manages client portfolios on a discretionary and non-discretionary basis, meaning some clients give Legacy Once full control over their investments, while others prefer to have a say in how their portfolio is managed.
Legacy One Financial Advisors Investment Strategy
A long-term investment ideology is at the core of the advisory services of Legacy One. This, of course, can be shifted to fit the personal risk tolerance, time horizon and other needs of clients. In support of this style, the firm states that it tends to invest client assets in mutual funds and ETFs with individual equities, options and alternative investments sprinkled in.
Mutual funds and ETFs are favorites of Legacy One because of their inherent diversification. This allows the firm to ensure that your money is spread across a certain market without needing to spend much time or money on research.
Century Management Financial Advisors
Century Management Financial Advisors, the sixth highest-rated financial advisory firm in Austin, has been in business longer than any other firm on our list. Century Management, which mainly serves individual investors without high net worths, does not have an account minimum. The firm also works with high-net-worth individuals, one investment company, pensions, profit-sharing plans, charitable organizations and corporations.
Century Management is a fee-only firm, meaning it's compensated through client fees, not commissions. It's advisory team includes three certified financial planners (CFPs), four chartered financial analysts (CFAs), two accredited investment fiduciaries (AIFs) and other accredited professionals.
Century Management Financial Advisors Background
Century Management, whose legal name is Van Den Berg Management I, Inc., was founded in 1974. The firm, which also conducts business as Century Management Investment Advisors, is principally owned by Arnold Van Den Berg.
In addition to providing financial planning and investment management, Century Management also serves as the investment advisor to The CM Advisors Family of Funds.
Century Management Financial Advisors Investment Strategy
Century Management states that it invests based on the intrinsic value of a company and it strives to buy undervalued equities to ensure a higher reward-to-risk ratio. It also embraces volatility because of inefficiencies that present themselves in the market during those times. Lastly, Century Management says they focus on finding bargain or wholesale prices and playing the long game with your assets.
The firm provides three methods of investing. The first method primarily invests in mutual funds, ETFs and closed-end funds. The second relies individual stocks and bonds, while the last method may invest in any type of asset.
FMP Wealth Advisers
FMP Wealth Advisers, the No. 7 firm on our list, employs seven certified financial planners (CFPs), two chartered retirement planning counselors (CRPCs) and one chartered financial analyst (CFA).
More than 90% of clients at this fee-only firm are individuals, and around 43% of those have a high net worth. Retirement plans, estates, trusts, businesses, charitable organizations and corporations make up the rest of the firm's typical clientele.
Aside from its home office in Austin, FMP has an additional location in Lake Charles, Louisiana. As a fee-only firm, FMP advisors do not sell investment or insurance products, nor do they earn commissions. The firm does not have a minimum account size.
FMP Wealth Advisers Background
FMP Wealth Advisers is an employee-owned firm, as five of the firm's employees are principal owners. This list comprises Milton Hixson (founder and president), John Hixson (senior advisor), Kevin Hixson (director of client service team), Les Hixson (chief investment officer) and Adam Todd (senior advisor). None of these individuals own more than 50% of the company's shares. FMP opened its doors in 1987.
Personalized financial planning, wealth management and investment management make up the nucleus of FMP's client services.
FMP Wealth Advisers Investment Strategy
Like many of its contemporaries, FMP Wealth Advisers has a series of investment products that it usually sticks to: mutual funds and ETFs. The firm explicitly states in its Form ADV this is due to the fact that these securities are both managed by professionals and inherently diversified. These benefits, coupled with the investment experience of the firm's own advisors, gives FMP confidence in how its client portfolio's are structured.
Although long-term financial success is the goal of FMP, it will help clients meet their short-term needs if applicable. This could be satisfying an emergency fund or helping to pay for insurance costs.
Richard P. Slaughter Associates, Inc.
Richard P. Slaughter Associates is a fee-only advisory firm that primarily serves individual investors, both with and without high net worths. The firm also works with pensions and profit-sharing plans.
Its team of advisors includes seven certified financial planners (CFPs), five accredited investment fiduciaries (AIFs), two accredited wealth management advisors (AWMAs) and one chartered financial analyst (CFA). As a fee-only firm, Richard P. Slaughter advisors do not sell insurance or investment products, and do not collect commissions. Instead, the firm is compensated entirely through client fees.
Richard P. Slaughter Associates Background
Richard P. Slaughter Associates was founded in 1991 by the firm’s late namesake who set out to establish a fee-only advisory company. Today, the firm is principally owned by Brooks Slaughter, although it has 11 other shareholders.
Richard P. Slaughter Associates offers financial planning, wealth management and asset management on a discretionary and non-discretionary basis. The company also offers pension and 401(k) consulting, publishes periodicals, helps clients select other advisors -- including private fund managers -- and presents educational seminars.
Richard P. Slaughter Associates Investment Strategy
In formulating investment advice for clients, the firm uses both fundamental and technical analysis. "Fundamental analysis values securities by examining a company’s financials and operations and considering only those variables directly related to a company rather than the overall state of the market," the firm states in its Form ADV brochure. "Technical analysis uses past trends to predict future trends in security price movement."
The firm most commonly employs a long-term investing strategy built on holding assets for longer than a year, but advisors may use short-term purchases when necessary. Both tactics typically rely on stocks, mutual funds, ETFs, estates and bonds.
Austin Private Wealth
Austin Private Wealth, a fee-only firm, is the ninth highest-rated firm in Austin, according to our metrics. Clients are primarily individual investors, both with and without high net worths. The firm, which also works with pensions and profit-sharing plans, does not have a minimum account size.
The firm's advisory team includes six certified financial planners (CFPs), three chartered retirement planning counselors (CRPCs) and other accredited professionals. As a fee-only firm, Austin Private Wealth advisors do not charge commissions or collect other hidden forms of compensation. Instead, the firm is compensated through its asset-based advisory fees and other fixed charges.
Austin Private Wealth Background
Founded in 2010, Austin Private Wealth is currently owned by Dan Kraus, Raoul Celerier, Alex J. Wagner and Kieu Le. Celerier and Kraus co-founded the firm and have over 50 years of combined experience in financial services. The firm offers financial planning, investment management, pension consulting services and selection of other advisors, including private fund managers.
Austin Private Wealth Investment Strategy
Austin Private Wealth tailors its investment strategies to the needs of its individual clients, taking into acount their financial objectives, risk tolerance and time horizons. Client portfolios may consist of individual stocks, bonds, ETFs, options, mutual funds and other securities of both the public and private variety.
The firm employs an array of methods to evaluate securities, including fundamental analysis, duration constraints, cyclical analysis, quantitative analysis and sector analysis.
The 10th and final firm on our list of top financial advisors in Austin, is Waterloo Capital. Individuals and high-net-worth investors make up the vast majority of Waterloo's client base. However, the firm also works with pensions, profit-sharing plans and charities. Waterloo requires a minimum account size of $1 million.
Waterloo is a fee-based firm because some of its advisors can receive third-party commissions from the sale of insurance products, and thus may be subject to a potential conflict of interest. However, this conflict is mitigated by the fact that the firm is fiduciary and is bound to act in the best interests of clients at all times.
Waterloo employs several advisors, but only two have financial certifications. Chief investment officer Bennett Woodward is a chartered financial analyst and senior relationship manager Evette Mock-Hernandez is a chartered retirement planning counselor.
Waterloo Capital Background
Waterloo Capital has been in business since 2012, when CEO and owner John Chatmus acquired Virtus Private Wealth and rebranded it under this firm's current name. Part of Waterloo's business goes by the name of AMG Wealth Advisors.
Waterloo provides portfolio management as well as financial plannning rolled in with investment management services. The firm also provides a wrap-fee program and manages the vast majority of its assets on a discretionary basis.
Waterloo Capital Investment Strategy
The centerpiece of Waterloo's investment strategy relies on tailoring portfolios to fit the needs of each individual client. In order to create a proper intital asset allocation strategy, advisors take note of each client's tolerance for risk, time horzion, investment history, desired investment strategy and any other important information.
Portfolios may consist of a wide variety of investments, including equities, fixed income securities, mutual funds and alternative investments. The firm may also utilize third party money managers. The firm relies heavily on fundamental analysis.