Finding a Top Financial Advisor Firm in Fort Worth, Texas
Financial advisors can play a key part in every aspect of your finances, from planning your retirement to managing your estate and investments. You'll have a lot of choices when it comes time to find a firm, so SmartAsset researched all the financial advisors in Fort Worth to help you decide. Below, we present what makes each top firm unique, including fees, investment approaches and more. You can also use SmartAsset’s financial advisor matching tool to get connected with financial advisors near you, or explore SmartAdvisor Match for information on every advisor in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Diesslin Group, Inc. Find an Advisor||$726,883,840||$1,000,000|| || |
|2||WPWealth LLP Find an Advisor||$726,013,914||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Omega Wealth Partners, Inc. Find an Advisor||$617,483,400||Varies based on account type|| || |
Minimum AssetsVaries based on account type
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|4||Dean, Jacobson Financial Services Find an Advisor||$345,373,359||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||SWMG, LLC Find an Advisor||$158,853,913||$250,000|| || |
|6||OverRidge Wealth Advisors Find an Advisor||$194,016,026||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Keene & Associates, Inc. Find an Advisor||$124,486,680||$250,000|| || |
|8||Aspen Wealth Management Find an Advisor||$186,305,048||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||The Rudd Company, LLC Find an Advisor||$151,467,582||$500,000|| || |
How We Found the Top Financial Advisor Firms in Fort Worth, Texas
To find the top financial advisors in Fort Worth 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:
Diesslin Group, Inc.
Diesslin Group, a fee-only firm that works primarily with individuals and high-net-worth investors, is the top-rated financial advisor in Fort Worth. As a fee-only firm, Disslin Group advisors cannot accept compensation for selling you certain securities or insurance products. Fee-only is a stricter standard to meet than the other common compensation model, fee-based.
To become a client, you'll need at least $1 million in investable assets. In turn, the majority of Diesslin's client base is made up of high-net-worth individuals. The firm also has services for trusts, estates, charitable organizations, businesses, retirement plans and investment companies.
Diesslin Group Background
David Diesslin, chairman, founded the firm in 1980, making it the oldest firm on our list. He’s had his certified financial planner (CFP) designation since 1983. Diesslin has an MBA from University of Dallas and has been named one of the “Best Financial Advisors” in Worth Magazine, Medical Economics and Money Magazine.
The firm offers financial planning, asset management, retirement planning, tax planning and more.
Diesslin Group Investment Strategy
Advisors will build you a globally diversified portfolio that will be monitored and rebalanced as necessary. The firm generally creates portfolios that have no-load stock mutual funds and bond mutual funds. While the firm does have some accounts that have individual stocks and other securities, for the most part, if you invest with Diesslin, your money will go invested in mutual funds.
For clients who are also accredited investors, the firm may offer alternative investments. Client portfolios may also include real estate investment trusts (REITs) and indexed or passive mutual funds/exchange-traded funds (ETFs).
WPWealth is a fee-only firm that serves individuals, high-net-worth individuals, partnerships, trusts, estates, charitable organizations, corporations and pension and profit sharing plans.
The firm’s staff of advisors offers an array of specialties, with professional designations that include the accredited investment fiduciary (AIF), certified financial planner (CFP), certified public accountant (CPA), chartered retirement plan specialist (CRPS), personal financial specialist (PFS), chartered life underwriter (CLU) and certified plan fiduciary advisor (CPFA).
For advisory fees, WPWealth charges asset-based fees and fixed fees. The firm doesn’t have a set account minimum.
WPWealth was established in 2000, offering portfolio management, financial planning, pension consulting services and newsletters/periodicals. The firm is owned by its 15 limited partners and one general partner -- all of whom own less than 10% of the business.
WPW Wealth also has offices in Dallas, Austin, Houston, Plano, Hobbs, Odessa and Midland.
WPWealth Investment Strategy
WPWealth applies an asset class-based investment strategy, which the firm says is designed to reduce portfolio risk through global diversification. Advisors look to match the asset allocation of a portfolio with the client's risk tolerance.
The firm utilizes a variety of investments, including exchange-listed stocks, corporate and municipal bonds, United States government and or government agency securities, no-load mutual funds, closed-end mutual funds, load-waived mutual funds, certificates of deposit (CDs), exchange traded funds (ETFs) and variable insurance products and/or their sub-accounts
Omega Wealth Partners
Omega Wealth Partners is a fee-based firm whose clients are primarily individual investors, both with and without high net worths. The firm will also work with charitable organizations, retirement plans and businesses. Omega requires a $1 million portfolio minimum for its institutional platform and a $500,000 minimum for its mutual fund platform.
The firm has a small staff that includes one certified financial planner (CFP). Because Omega is fee-based, advisors may earn commissions for selling financial products or insurance. This creates a potential conflict of interest, but advisors are bound to act in the best interest of the client as fiduciaries.
Omega Wealth Partners Background
Omega was founded in 2010, but it traces its roots back to 1964 when Joe Hardgrove founded Hardgrove Cos. Today, Tom Hardgrove, John Dickens and Tammy Bryant each own one third of the business, which provides clients financial planning services and portfolio management.
While Tom Hardgrove has worked in the wealth management industry since 2001, Dickens joined Omega in 2000 after a professional baseball career with the Kansas City Royals. Bryant has overseen operations after Omega since joining the firm in 1994.
Omega Wealth Partners Investment Strategy
Omega employs a top down investment allocation strategy between fixed income, common stock and money market instruments. A top down approach takes into account the economic, market and industry trends when investments are selected. When filling out the rest of a client's asset allocation, the firm will rely on a bottom up fundamental approach that identifies best companies and stocks regardless of the state of the economy or market.
Dean, Jacobson Financial Services
Dean, Jacobson Financial Services offers financial planning, asset management, risk management and retirement plan consulting. It is a fee-based firm, because some advisors can earn commissions for selling certain insurance and financial products. However, the firm is a fiduciary and must act in its clients' best interests despite the potential conflict of interest that commission-based compensation may create.
The firm has three certified financial planners (CFPs) and three chartered financial consultants (ChFCs) on staff, as well as two chartered life underwriters (CLUs) and one accredited investment fiduciary (AIF).
The minimum investments at Dean, Jacobson vary depending on the type of portfolio you want to open. These requirements go as follows:
- Optimum Market Portfolios Program: $10,000
- Personal Wealth Portfolios Program: $250,000
- Model Wealth Portfolios Program: $25,000
- Manager Access Select/Manager Access Network: $100,000
Dean, Jacobson Financial Services Background
Dean, Jacobson Financial Services has been a registered financial advisor since 1997, but has been in operation since 1967. Don Jacobson, Jeffrey Schmeltekopf, Timothy Lowry and Jonathan Dumas own the firm. Jacobson, a veteran of the firm since 1980, holds the chartered life underwriter (CLU) and chartered financial consultant (ChFC) credentials. He got his start in financial services in 1975.
Schmeltekopf has a handful of credentials, including CLU, ChFC, certified financial planner (CFP) and accredited investment fiduciary (AIF). He’s been at Dean, Jacobson since 1989 and currently serves as partner, advisor and chief compliance officer.
Lowry, the third owner, joined the firm in 2002. Before Dean, Jacobson, he was an associate planner at an investment management firm in Nashville, Tennessee. He is a CFP and ChFC. Dumas, the most recent to join the ownership group, has worked at the firm since 2012. A graduate of the University of North Texas, Dumas holds the CFP designation and has been recognized as a "Five Star Wealth Manager" by Texas Monthly magazine.
Dean, Jacobson Financial Services Investment Strategy
Dean, Jacobson uses LPL Financial, a large corporation, for portfolio management. The firm uses seven model portfolios. The portfolio your advisor chooses for you will be based on your specific needs. This includes the basics, like your financial goals and objectives, plus factors such as risk tolerance, time horizon, cash flow needs and liabilities.
The optimum market portfolios program (OMP) has the lowest minimum, set at $10,000. The personal wealth portfolios program (PWP) requires $250,000. The model wealth portfolio (MWP) requires $25,000 and consists of mutual funds and ETFs.
Strittmatter Wealth Management Group
Strittmatter Wealth Management Group (SWMG) is a fee-only firm managing an array of individual and institutional clients. The firm is solely compensated for the services it provides and not for the products it sells. Specifically, SWMG charges asset-based fees, hourly fees and fixed fees for its advisory services.
The firm's client base is made up of non-high-net-worth and high-net-worth individuals, trusts, estates, 401ks, IRAs, and business entities, including sole proprietorships.
SWMG’s minimum account size requirement is $250,000.
Formed in 2012 and owned by its president and CEO Josh Strittmatter, SWMG mainly provides investment management, financial planning and consulting and education seminar services. The firm also offers tax overlay management services.
SWMG provides asset management on both a discretionary and non-discretionary basis, meaning some clients give their advisors full discretion or authority to manage their accounts and make trades without their consent.
SWMG Investment Strategy
SWMG uses a number of analysis methods when making investment decisions. These include fundamental analysis, technical analysis and modern portfolio theory (MPT).
The firm’s investment strategies include strategic asset allocation, constant-weighting asset allocation, tactical asset allocation, dynamic asset allocation, long/short investment strategy.
OverRidge Wealth Advisors
OverRidge Wealth Advisors, formerly known as Lee Johnson Capital Management, LLC, is a fee-based financial advisor. The firm can trace its roots all the way back to 1970 when it was titled Lee Johnson & Associates.
As a fee-based firm, some of OverRidge's advisors sell insurance policies and financial products on a commission basis. However, regardless of the possible conflict of interest that could arise from this, the firm is a fiduciary and therefore must act in clients' best interests no matter what.
This is the first firm on the list without any certified financial planners (CFPs), chartered financial analysts (CFAs) or certified public accountants (CPAs). OverRidge focuses most of its business on investment management, retirement and insurance.
OverRidge Wealth Advisors Background
Andrew Heinz is the owner, president and CEO of OverRidge Wealth Advisors. He’s worked at the firm since 1995, when he started as an intern. Heinz has a degree in finance from the University of Texas at Arlington.
OverRidge specializes in investment and portfolio management, insurance planning and retirement planning. Financial planning, while offered, is not emphasized at this firm. There are no specified asset minimums.
OverRidge Wealth Advisors Investment Strategy
Advisors at OverRidge use proprietary software called BigFoot investments to help guide portfolio management. The firm typically allocates client assets among individual stocks, bonds and fixed income securities, as well as mutual funds and/or ETFs, independent investment managers and investment subdivisions of variable annuity products. OverRidge Wealth engages in long-term purchasing (holding assets for over a year), short-term purchasing (holding assets less than a year) and trading (selling assets within 30 days).
As for analysis, the firm uses three primary methods: charting, fundamental and technical. Each type of analysis gives advisors insight to a particular aspect of a security, which helps guide investment decisions.
Keene & Associates, Inc.
Keene & Associates, a fee-only firm, is next on our list of the top financial advisors in Fort Worth. While each client must meet a minimum account size requirement of $250,000, the firm’s advisory fees are asset-based and fixed.
Keene & Associates typically works with individuals, high-net-worth individuals, banking or thrift institutions, corporations and other business entities. Its small staff of advisors features three chartered financial analysts (CFAs).
Keene & Associates Background
Owned by John Keene, the firm began its operations in 1994. Keene, who has been in the financial services industry for over 30 years, remains the firm's president, chief investment officer and chief compliance officer. Keene & Associates specializes in investment management and financial planning services.
Keene & Associates, Inc. Investment Strategy
The firm’s primary investment strategies are long-term purchases, trading and short-term purchases. Keene & Associates, which invests in equities, fixed income and mutual funds, offers two distict investment strategies: its core value strategy and select equity strategy. The firm's core value approach is a value-based model with an emphasis on risk control and diversification. The select equity strategy, meanwhile, features above average risk parameters with higher portfolio volatility and an emphasis on smaller companies.
When evaluating securities, Keene uses fundamental analysis to make financial forecasts. The firm also says it employs technical analysis to predict price movements.
Aspen Wealth Management
Aspen Wealth Management, a fee-based firm, is also among the top-rated advisors in Fort Worth. While a majority of its clients are high-net-worth individuals, the firm does not have a minimum investable asset requirement for new accounts. Aspen also works with individuals, families, businesses and retirement plans.
Even though the firm is considerably smaller than its competition towards the top of this list, there are three certified financial planners (CFPs), one chartered financial analyst, and an enrolled agent (EA) working at Aspen.
Aspen Wealth Management Background
Aspen Wealth Management is an independent, woman-owned firm led by its founder and president Helen Stephens. Stephens has held her CFP designation since 1993 and has been active in the investment management and financial planning businesses for over 30 years.
Financial planning is the premier offering for clients of Aspen Wealth. Variations of this service include planning for retirement, education, taxes, business, budgets, cash flow, investment, real estate and insurance. The firm unqiuely provides financial planning for women, as well. Asset and wealth management are also available through Aspen.
Aspen Wealth Management Investment Research
While some firms outsource this work or use the prebuilt research tools of a larger firm like Charles Schwab, many of the investment decisions that Aspen Wealth Management makes are based in its proprietary market and economic analyses. The factors taken into account during this process are the sales, assets, management, financial structure, earnings and products of companies.
In evaluating mutual funds and ETFs, the firm's investment committee considers a variety of factors, including manager tenure, fund performance compared to its benchmark, fees and expenses.
The Rudd Company
The Rudd Company, a fee-based firm, rounds out our list of the top financial advisors in Fort Worth. The company primarily serves individuals and high-net-worth individuals, and requires a minimum of $500,000 in investable assets. Only one member of The Rudd Company's small staff has a financial certification.
As a fee-based firm, The Rudd Company's advisors may earn commissions for the sale of insurance products, creating a potential conflict of interest. However, the firm is a fiduciary and must act in its clients' best interests.
The Rudd Company Background
Founded in 2009, The Rudd Company has been an investment advisor since 2017. Its founder and president, Joshua Rudd, has worked in the financial services industry since 1999 and holds the accredited asset management specialist (AAMS) designation. Rudd, who also serves as the chief compliance officer, remains the firm's sole owner.
The Rudd Company manages client assets on a discretionary basis. In addition to portfolio management, firm offers retirement planning, estate plan consulting, business consulting, periodicals and newsletters, as well as the selection of other advisors, including private fund managers.
The Rudd Company Investment Strategy
The Rudd Company uses individual equities, fixed income investments, mutual funds and ETFs -- all with the primary goal of maximizing returns and minimizing risk. After a series of meetings or phone conversations, advisors will recommend specific investment strategies based on your goals, risk tolerance, investment experience and long-term resources.
The firm uses both qualitative and quantitative tools to evaluate potential investments and market trends, while modern portfolio theory is used for diversification and asset allocation. Depending on market conditions, The Rudd Company may take a defensive posture in its accounts from time to time and increase allocations to treasuries, cash and other conservative investments.