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||$6,878,346,390||$10,000,000|| || |
|2||Level Four Advisory Services Find an Advisor||$2,792,891,273||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||RGT Wealth Advisors Find an Advisor||$4,860,323,776||$3,000,000|| || |
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|4||CH Investment Partners, LLC Find an Advisor||$3,836,703,434||$40,000,000|| || |
|5||Southern Wealth Management, LLP Find an Advisor||$3,441,046,189||$1,000,000|| || |
|6||True North Advisors, LLC Find an Advisor||$2,338,099,413||$3,000,000|| || |
|7||Lee Financial Company, LLC Find an Advisor||$1,183,159,176||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Paratus Financial, Inc. Find an Advisor||$1,806,953,374||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Texas Capital Bank Private Wealth Advisors Find an Advisor||$1,653,309,422||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||View Capital RIA, LP Find an Advisor||$1,185,263,963||$1,000,000|| || |
How We Found the Top Financial Advisors in Dallas, Texas
To find the top financial advisors in Dallas, Texas, we first identified all firms registered with the SEC in the state. 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. All information is accurate as of the writing of this article. The qualifying firms were then ranked according to the following criteria:
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 includes three certified financial planners (CFPs), three certified public accountants (CPAs), two certified private wealth advisors (CPWAs), four chartered financial analysts (CFAs), one personal financial specialist (PFS) and one certified investment management analyst (CIMA).
While the firm has by far the most assets under management on our list, it requires clients have $10 million in investable assets to open an account. 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 also has the lowest client-to-advisor ratio on our list, helping propel the firm into the No. 1 spot.
As a fee-only firm, Tolleson only makes money from the fees it charges clients, not commissions on the sale of financial products and insurance.
Tolleson Private Wealth Management Background
John C. Tolleson, a 50-plus year veteran of the financial services industry, formed Tolleson Private Wealth Management in 2000. 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.
Level Four Advisory Services
Fee-based firm Level Four Advisory Services, serves a wide range of clients, including individuals, high-net-worth individuals, trusts, estates and pension and profit sharing plans. 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. A majority of its advisors are also licensed insurance agents and representatives of a broker/dealer, and may earn commissions on some transactions. This makes Level Four a fee-based firm, but it remains obligated to act in your best interests as a fiduciary.
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.
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. As a fee-only firm, RGT advisors do sell insurance or financial products and don't earn commissions. Instead, the firm's revenue comes solely from client fees.
In terms of expertise, RGT Wealth Advisors has an expansive staff that includes certified financial planners (CFPs), chartered financial analysts (CFAs), certified public accountants (CPAs), certified divorce financial analysts (CDFAs), and other accredited professionals.
RGT Wealth Advisors Background
RGT Wealth Advisors was founded in 1985 in response to clients’ demands for services beyond traditional tax accounting. CI US Holdings, Inc. owns a majority stake in the firm, while RGT-CI Holdings, LLC controls a minority stake.
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, ETFs and individual securities, including equities and fixed income securities.
CH Investment Partners, LLC
CH Investment Partners, a private investment advisory firm with billions in assets under management (AUM), is next on our list. 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.
CH Investment Partners has several certified public accountants and chartered financial analysts on staff. As for advisory fees, the firm generates compensation exclusively through asset-based fees, fixed fees and performance-based fees, making CH Investment Partners a fee-only firm.
CH Investment Partners 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
Southern Wealth Management 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 whose representatives can earn commissions on certain transactions.
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 still considerable. Southern Wealth Management features a host of certified financial planners (CFPs), certified public accountants (CPAs), certified investment management analysts (CIMAs) and other accredited professionals.
Southern Wealth Management Background
Southern Wealth Management has been in the business of investment advisory and financial planning since 2005. The firm, which is principally owned by Richard Jones, 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 Investment Strategy
A Southern Wealth portfolio may comprise 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.
True North Advisors
While True North Advisors’ client base is mostly 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, meaning it's compensated solely through client fees, not sales comissions. It has eight certified financial planners (CFPs) on staff, as well as three certified private wealth advisors (CPWAs), three chartered financial analysts (CFAs), one certified public accountant (CPA) and two chartered alternative investment analysts (CAIAs).
True North Advisors has been rated among the top independent wealth firms by authorities like Financial Times, AdvisoryHQ and D Magazine.
True North Advisors Background
True North Advisors, 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 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 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 ETFs or indexed mutual funds where necessary. The firm also says it values alternative investment and private investment strategies.
Lee Financial Company
Lee Financial Company, the next firm on our list, mainly works with individual investors, including high-net-worth individuals. The firm also has pensions and profit-sharing plans, charitable organizations and pooled investment vehicles as clients. Lee Financial does not have an account minimum for new clients.
As a fee-only firm, Lee Financial advisors do not earn commissions on financial products and insurance. Instead, the firm's revenue comes solely from the fees it charges clients. The advisory team features 13 certified financial planners (CFPs), five chartered financial analysts, one certified public accountant and one chartered alternative investment analyst.
Lee Financial Company Background
Founded in 1975, Lee Financial is by far the oldest firm on our list. Its founder Richard "Richie" Lee Jr. remains the firm's CEO and principal owner. Lee Financial offers personalized financial planning and investment management services. Lee Financial manages the vast majority of its clients' assets on a discretionary basis, meaning the firm has the authority to manage a client's portfolio without seeking their approval on individual decisions. However, the firm does also provide non-discretionary asset management to some clients.
Lee Financial Company Investment Strategy
Lee Financial's investment strategy is steered by its investment committee, which evaluates mutual funds, ETFs, separately managed accounts, structured notes, hedge funds, as well as individual stocks and bonds.
Client portfolios are designed based on a client's investment policy statement, which outlines the investment goals, objectives and strategies the portfolio manager will employ. Asset allocations are then based on indidividual clients' economic situations, liquidity needs, risk tolerances and other factors.
Paratus Financial is a fee-only financial advisory firm that mostly serves high-net-worth individuals. 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 and includes one certified financial planner (CFP), one chartered financial analyst (CFA) and one certified public accountant.
Paratus Financial 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 over 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 offerings. For example, you can get tax planning, investment management, estate planning, retirement planning and risk management.
Paratus Financial 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.
Texas Capital Bank Private Wealth Advisors
Texas Capital Bank Private Wealth Advisors, a fee-based advisory firm, primarily works with high-net-worth individuals, but also has charities and corporations as clients. The firm does not mandate a minimum account size.
TCBPWA's team of advisors includes two certified financial planners (CFPs), one chartered financial consultant (ChFC), a chartered life underwriter (CLU) and one chartered financial analyst (CFA). Because some advisors are registered to sell insurance and/or financial products -- and earn commissions on those transactions -- TCBPWA is considered a fee-based firm. However, the firm is bound by its fiduciary duty to act in its clients' best interests despite this potential conflict of interest.
Texas Capital Bank Private Wealth Advisors Background
TCBPWA, which formed in 2002, is a division of Texas Capital Bank. It offers clients wealth strategy and financial planning, investment management, trust and estate administration, and other services. Alan Miller heads the firm's executive team as president. In addition to Dallas, TCBPWA also has offices in San Antonio, Austin, Fort Worth and Houston.
Texas Capital Bank Private Wealth Advisors Investment Strategy
At the start of every client relationship, an advisor from the firm spends time with you, asking questions and discussing your investment experience and financial goals. The advisor will then prepare an investment plan that will guide the strategy of individual portfolios.
Advisors primarily invest client assets in common stock, fixed income securities, mutual funds, ETFs and convertible securities. Portfolios may also include options, real estate investment trusts, structured notes and other assets. Portfolio construction and asset allocation is determined by the firm's investment committee, which meets regularly and is led by the firm's chief investment officer.
View Capital RIA
View Capital RIA is a fee-only firm serving individuals, corporations, partnerships, limited liability companies, pooled investment vehicles, charitable institutions , trusts, employee benefit plans and Taft-Hartley plans. As a fee-only firm, View Capital RIA only collects client fees, not sales commissions.
The firm’s staff includes four chartered financial analysts (CFAs) and one certified financial planner (CFP). 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 Background
Owned by View Capital Advisors, LLC, View Capital began its operations in 2004. Its 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 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.