Finding a Top Financial Advisor Firm in Corpus Christi, Texas
Working with a financial advisor firm is supposed to make your life easier, but finding the right firm for you can be a stressful and confusing process. To make the process easier, SmartAsset compiled this list of Corpus Christi's top firms, including information on specialties, investment approaches and more. As only one firm ultimately made the cut according to our criteria, you might try SmartAsset's financial advisor matching tool, which can connect you with up to three advisors in your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Stonewater Wealth Management, Inc. Find an Advisor||$128,268,352||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Corpus Christi, 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.
Stonewater Wealth Management, Inc.
Stonewater Wealth Management, Inc. (SWM) is the sole firm on this list. The firm specializes in working with individuals with less than a high net worth, though it does have a significant number of pension plan clients as well. The firm does not have a minimum initial investment for new clients, so theoretically anyone could work with the firm.
This is a fee-based firm, as some of the on-staff advisors here can earn commissions when they sell certain insurance products to clients. While this creates a potential conflict of interest, the firm is bound by fiduciary duty to act in clients' best interests. The firm does not list any financial advisory certifications on its website.
Stonewater Wealth Management, Inc. Background
Stonewater Wealth Management was founded in 2012. Today, the firm is owned by CEO, chief compliance officer (CCO) and wealth manager Michael Sharp. Sharp, who has been working in the financial services industry since 2001, is also a licensed insurance agent.
Stonewater's advisory services can be divided into three general categories: financial planning, investment management and business retirement planning. Investment management services follow a top-down approach, as the firm does everything from formulating a personalized investment plan to implementing it within your portfolio.
Stonewater Wealth Management, Inc. Investment Strategy
The investment planning process at Stonewater Wealth Management begins with a holistic overview of the client's financial situation. This involves doing a deep dive into their short- and long-term financial goals, time horizon, risk tolerance and any other applicable factors. Based on these factors, the firm will formulate a suitable investment policy statement (IPS) that details how your portfolio will be built.
SWM utilizes a number of securities when fleshing out its clients' portfolios. These include stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs), hedge funds, annuities and other insurance products, private placements and more.