Finding a Top Financial Advisor in Dallas, Texas
Selecting the right financial advisor in Dallas, Texas, means combing through many advisory firms with impressive credentials. After dozens of hours of research, SmartAsset has narrowed down the list to help you find the Dallas firm that best meets your needs, whether that's getting ready for retirement or getting investment advice. We've determined exactly what sets these standout firms apart from the thousands of options out there and from one another in the chart and reviews below.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Tolleson Private Wealth Management Find an Advisor||$6,630,904,897||$10,000,000|| || |
|2||RGT Wealth Advisors Find an Advisor||$4,335,439,040||$3,000,000|| || |
|3||CH Investment Partners, LLC Find an Advisor||$3,575,237,572||$40,000,000|| || |
|4||Southern Wealth Management, LLP Find an Advisor||$3,118,522,059||$1,000,000|| || |
|5||Level Four Advisory Services Find an Advisor||$2,812,483,913||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||360 Wealth Management, LLC Find an Advisor||$1,721,897,130||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|7||True North Advisors, LLC Find an Advisor||$1,601,357,679||$1,000,000|| || |
|8||Paratus Financial, Inc. Find an Advisor||$1,525,088,358||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||View Capital RIA, LP Find an Advisor||$1,184,835,648||$1,000,000|| || |
How We Found the Top Financial Advisors in Dallas
To determine the top 10 financial advisor firms in Dallas, SmartAsset first compiled all firms in the city that are registered with the U.S. Securities and Exchange Commission (SEC), as these firms all have a fiduciary duty. From that list, we removed any firms with disciplinary or regulatory problems. We also eliminated firms that don’t have financial planners or that don’t manage individual or high-net-worth individual accounts.
The remaining firms were sorted from highest assets under management to lowest. All information is accurate as of the writing of this article.
Tolleson Private Wealth Management
Tolleson Private Wealth Management is a fee-only firm that has many advisory certifications on its large staff of financial advisors. This list entails four certified financial planners (CFPs), six certified public accountants (CPAs), two certified private wealth advisors (CPWAs), two chartered financial analysts (CFAs), one personal financial specialist (PFS) and one certified investment management analyst (CIMA). The firm is located in northern Dallas and manages billions in assets under management (AUM).
$10 million in investable assets is necessary to begin a client relationships with Tolleson. Such a requirement has likely led the firm's client base to heavily consist of high-net-worth individuals. Beyond this client type, Tolleson commonly works with estates, trusts, foundations, funds, banks and philanthropic trusts.
Tolleson Private Wealth Management Background
John C. Tolleson, a 50-plus year veteran of the financial services industry, formed Tolleson Private Wealth Management in 1997. Prior to his time as the executive chairman of Tolleson, John Tolleson founded First USA, a retail banking and financial services company that he grew into a multi-billion dollar public corporation.
Investment management is the key offering of Tolleson Private Wealth Management. The firm divvies this service into subsections like investment strategy development, asset allocation determination, consulting, performance monitoring and third-party investment manager analysis.
Tolleson Private Wealth Management Investment Strategy
Tolleson works with clients to meet the needs specified within their investment policy statements, but the firm also creates additional asset allocations that strictly focus on fixed income securities. The firm mainly invests in stocks, mutual funds, options and alternative investments.
For individual and family clients of Tolleson Private Wealth Management, the firm has a whole team specifically devoted to holistically managing your financial life. The firm states that this consists of multiple parts financial planning, investment management and wealth management, as well as tax efficient investing strategies and large purchase planning.
RGT Wealth Advisors
To become a client of RGT Wealth Advisors, you’ll need at least $3 million in investable assets. Unsurprisingly, more than three-quarters of the firm's clients are high-net-worth individuals.
In terms of expertise, RGT Wealth Advisors has a sizable 16 certified financial planners (CFPs), giving it more than just about any other firm in our top 10. In addition to that, the independent, fee-only firm has nine chartered financial analysts (CFAs), six certified public accountants (CPAs), two certified divorce financial analysts (CDFAs) and one chartered financial consultant (ChFC).
It was recently recognized as one of the top 10 registered investment advisory firms in the country by Financial Planning magazine.
RGT Wealth Advisors Background
RGT Wealth Advisors was founded in 1985 in response to clients’ demands for services beyond traditional tax accounting. It is largely employee-owned, as it has a total of 16 managing directors.
The firm offers financial planning, portfolio management, wealth advisory and family office services and places an emphasis on customizing its services to clients' individual needs. RGT Wealth Advisors advertises that its advisors take a collaborative approach, working as a team to help clients. It recommends investments in no-load and low-load mutual funds, hedge funds and other private pooled investment vehicles.
Alongside its wealth advisory services to individuals and families, RGT Wealth Advisors also offers divorce consulting.
RGT Wealth Advisors Investment Strategy
RGT Wealth believes in a long-term approach when it comes to investing. The firm's investment strategies include short sales, margin transactions, currency trading and options strategies.
RGT says on its firm brochure that it aims to create diversified portfolios comprised of mutual funds, exchange-traded funds (ETFs) and individual securities, including equities and fixed income securities.
CH Investment Partners, LLC
CH Investment Partners, LLC is a private investment advisory firm with billions in assets under management (AUM). The fee-only firm generally requires a minimum account size requirement of $40 million for its client base of high-net-worth individuals, affiliated private pooled investment vehicles, foundations, endowments, trusts, estates, charitable organizations, corporations and families.
As for advisory fees, the firm generates compensation through asset-based fees, fixed fees and performance-based fees.
CH Investment Partners, LLC Background
Principally owned by Michael Silverman and Kirk Rimer, CH Investment Partners was established in 2019. The firm offers investment management, financial planning, advisor selection and business consulting services to a range of individual and institutional clients.
CH Investment Partners mainly serves separately managed accounts and affiliated pooled investment vehicles.
CH Investment Partners, LLC Investment Strategy
CH Investment Partners offers a range of investment strategies, including global equities, hedge funds, private equity and direct investments, master limited partnerships, real estate and fixed income. The firm may also invest directly in financial instruments, securities, private investments and other assets.
When making investment decisions, the firm considers factors such as diversification and correlation among current and prospective investments, suitable liquidity terms for the investment strategy, appropriate fee structures and appropriate alignment of interests between the client and CH Investment Partners, according to the firm’s brochure.
Southern Wealth Management, LLP
Southern Wealth Management, LLP is a fee-based financial advisor firm that caters to the wealthy. It’s also one of the only firms on this list that’s an insurance broker / agent.
Southern Wealth Management was formed in 2005 with the purpose of advising wealthy individuals and families. The firm has a $1 million account minimum, which is significantly lower than the top firm on this list, but it's still hefty.
Southern Wealth Management, LLP Background
Southern Wealth Management has been in the business of investment advisory and financial planning for over a decade. The firm is a multi-family office operation that extends to Dallas, San Antonio and New Orleans.
Southern Wealth Management states that advisors combine resources and skills from across its offices to provide clients with more access to investments and services. The company offers a variety of services from financial planning, estate planning and investment consulting to tax planning and business valuation.
Southern Wealth Management, LLP Investment Strategy
A Southern Wealth portfolio may be comprised of individual equities, bonds and/or no-load and load-waived mutual funds. The percentage that each of these investment types occupies within your portfolio will be dependent on your investor profile. This takes into account factors such as your risk tolerance, investment objectives, liquidity needs, time horizon and any investment restrictions you may have.
Level Four Advisory Services
Fee-only firm Level Four Advisory Services, LLC serves a wide range of clients, including individuals, high-net-worth individuals, trusts, estates and pension and profit sharing plans. When it comes to advisory fees, the firm charges asset-based fees, hourly charges, fixed fees and solicitor fees.
Level Four also has an exceptionally large staff of advisors, with qualifications including the certified financial planner (CFP), chartered life underwriter (CLU), accredited domestic partnership advisor (ADPA), retirement income certified professional (RICP, chartered retirement planning counselor (CRPC) and chartered financial analyst (CFA) designations.
The firm’s minimum account size requirement varies based on account type.
Level Four Advisory Services Background
Level Four Advisory Services began its operations in 2005, providing portfolio management, financial planning, pension consulting, advisory selection and educational seminars. The firm is owned by Level Four Group, a financial services holding company.
Carr, Riggs & Ingram, LLC owns Level Four Group.
Level Four Advisory Services Investment Strategy
Level Four says on its website that its investment strategy employs a blend of internal, proprietary investment portfolios and externally sourced investment solutions that cater to a client’s asset allocations.
The firm designs portfolios based on the following objectives: Income with capital preservation, income with moderate growth, growth with income, growth and aggressive growth. Level Four’s Form ADV shows that most of its investments were in exchange-traded equity securities and securities issued by registered investment companies.
360 Wealth Management, LLC
360 Wealth Management, also known as Advisor Resource Council, is a fee-based firm serving individuals, retirement plans, corporations and charitable organizations. With billions in assets under management (AUM), the firm offers a wide selection of advisory services.
360 Wealth mainly charges asset-based fees, fixed fees and hourly fees, but certain advisors can also earn commissions from securities and insurance sales. Though this can create a conflict of interest, the firm says it honors a fiduciary duty to serve each client’s best interests.
The firm’s minimum account sizes vary based on account type.
360 Wealth Management, LLC Background
360 Wealth was founded in 2012 by the following three principals: Chad Atkins and Brandon Day and chief compliance officer (CCO) Sarah Pais. The firm primarily offers portfolio management, financial planning, advisor selection and pension consulting services.
360 Wealth Management, LLC Investment Strategy
360 Wealth implements multiple tactics when providing investment advice. The firm evaluates securities using fundamental analysis, technical analysis, charting analysis and cyclical analysis.
The firm also utilizes long- and short-term purchases, margin transactions and option writing.
True North Advisors, LLC
While True North Advisors’ client base is comprised of a majority of high-net-worth individuals, it also serves a number of individuals without a high net worth, retirement plans and charitable organizations. That being said, for True North Advisors to take you on as a client, you’ll need a minimum of $1 million in investable assets.
True North Advisors is a fee-only firm. It has just two certified financial planners (CFPs), which is on the lower side compared to many of the other firms on this list. Aside from its CFPs, the firm boasts three certified private wealth advisors (CPWAs), two chartered financial analysts (CFAs), one certified public accountant (CPA), one chartered alternative investment analyst (CAIA) and one certified divorce financial analyst (CDFA).
True North Advisors has been rated among the top independent wealth firms by authorities like Financial Times, AdvisoryHQ and D Magazine.
True North Advisors, LLC Background
True North Advisors, LLC, an employee-owned firm, was founded in 2000. The firm's co-founder and CEO, Scott Wood, formed the firm on the belief that fee-only fee structures produce more impartial advice than commission-based fee structures.
The firm’s approach is team-based. Notably, employees at True North are personally invested in the same strategies that they recommend to clients.
True North gives prospective clients the chance to get a feel for the firm before making a commitment or paying any fees. The firm starts out with what it calls a “Three-Sixty Process,” which is essentially a four-meeting-long opportunity for the firm to better understand a client’s needs and goals before crafting a financial plan.
The firm’s portfolios tend to adhere to the philosophy of value investing. According to the company information, it considers niche opportunistic strategies within traditional and non-traditional asset classes.
True North Advisors, LLC Investment Strategy
True North says on its firm brochure that it believes in active management but will allocate portions of the portfolio to passive investments such as indexed exchange-traded funds (ETFs) or indexed mutual funds where necessary. The firm also says it values alternative investment and private investment strategies.
Paratus Financial, Inc.
Paratus Financial, Inc. is a fee-only financial advisor firm that serves an even amount of individuals with and without a high net worth. Families, estates, trusts, corporations, endowments and charitable foundations round out its typical clientele. There is no minimum account size requirement at this firm.
The advisory team at Paratus offers various specialties. The firm has two certified financial planners (CFPs), two chartered financial analysts (CFAs) and two certified public accountants (CPAs).
Paratus Financial, Inc. Background
Managing director Bonnie Free Grisz created Paratus Financial in 2003. While Grisz remains the firm’s principal owner, Kyle Grisz, Olivia Smith and Paige Boyer were all appointed directors as well in 2017. Bonnie Grisz has spent 35 years working in finance and is currently an adjunct professor at the University of Dallas Graduate Management School.
Paratus Financial’s calling card is financial planning, but it breaks this service down into different versions. For example, you can get tax planning, investment management, estate planning, retirement planning and risk management.
Paratus Financial, Inc. Investment Strategy
The investment portfolios Paratus Financial creates adhere to a strong, long-term philosophy that means the firm looks to hold securities in a client’s account for at least one year at a time. Although this overarching theme remains constant, each portfolio’s asset allocation will be customized to your liquidity needs, risk tolerance, tax situation, investment goals and any other applicable considerations.
View Capital RIA, LP
View Capital RIA, LP is a fee-only firm serving more than 140 individuals, corporations, partnerships, limited liability companies, pooled investment vehicles, charitable institutions , trusts, employee benefit plans and Taft-Hartley plans.
The firm’s staff presents various industry credentials, including the certified financial planner (CFP) and chartered financial analyst (CFA) designations.
As for prospective clients, View Capital requires an account minimum of $1 million. The firm charges asset-based fees, hourly charges and fixed fees for its advisory services.
View Capital RIA, LP Background
Owned by View Capital Advisors, LLC, View Capital began its operations in 2004. It’s key services include portfolio management, financial planning, pension consulting and advisor selection services.
The firm manages clients’ portfolios in one of the two following investment management programs: the View Capital Advisory Program (VCAP) or the View Capital Consulting Program (VCCP).
View Capital RIA, LP Investment Strategy
View Capital says on its website that it delivers superior investment performance by reviewing the latest macroeconomic analysis and academic research. The firm also uses specialized research databases to identify asset managers.
VCAP accounts utilize several different types of securities, including listed and over-the-counter equity securities, mutual funds, exchange-traded funds, hedge funds, fund-of-funds, private equity investments, corporate debt, offshore mutual funds, U.S. government securities and more.