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 the Fort Worth area 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||$805,020,524||$1,000,000|| || |
|2||WPWEALTH LLP Find an Advisor||$621,232,999||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Teak Tree Capital Management, LLC Find an Advisor||$599,276,491||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Dean, Jacobson Financial Services Find an Advisor||$321,261,105||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||SMH Capital Advisors, LLC Find an Advisor||$303,104,326||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||OverRidge Wealth Advisors Find an Advisor||$173,080,031||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Rosenthal Advisory Services, L.P. Find an Advisor||$166,321,151||$500,000|| || |
|8||Aspen Wealth Management Find an Advisor||$140,112,650||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||SWMG, LLC Find an Advisor||$135,051,352||$250,000|| || |
|10||Keene & Associates, Inc. Find an Advisor||$95,522,440||$250,000|| || |
How We Found the Top Financial Advisor Firms in Fort Worth, Texas
The list only contains firms registered with the U.S. Securities and Exchange Commission (SEC). SEC-registered financial advisors follow rules and regulations, including adhering to fiduciary duty standards. If a firm had a disclosure or disciplinary issue, it didn’t make the list. Neither did financial advisors that didn’t manage individual accounts.
The firms left after our filtering process are arranged from most assets under management to least. All information is accurate as of the writing of this article.
Diesslin Group, Inc.
Diesslin Group, Inc. has multiple advisors and the highest amount in assets under management (AUM) on this list. The firm offers financial planning, asset management, retirement planning, tax planning and more. Diesslin Group is fee-only, which means 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, nearly two-thirds 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, Inc. Background
David Diesslin, chairman, founded the firm in 1980, making it one of the oldest firms 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 seven-person team includes two additional CFPs, an enrolled agent (EA), a chartered financial analyst (CFA) and an accredited tax advisor (ATA).
Diesslin Group, Inc. Investment Strategy
Diesslin has three foundations it rests on for investments: a conservative approach that’s fundamentals-based and purpose-oriented. Those three tenets help guide the firm’s investment strategy.
Advisors will build you a globally diversified portfolio that will be monitored a 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.
WPWealth LLP is a fee-only firm with millions in assets under management (AUM) and more than 2,000 clients. The investment advisory firm 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, including 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), certified plan fiduciary advisor (CPFA) designations.
For advisory fees, WPWealth charges asset-based fees and fixed fees. The firm doesn’t have a set account minimum.
WPWEALTH LLP Background
WPWealth was established in 2000, offering portfolio management, financial planning and newsletters/periodicals. The firm is owned by its 15 limited partners and one general partner.
WPW Wealth also has offices in Dallas, Austin, Houston, Plano and Texas City.
WPWEALTH LLP Investment Strategy
WPWealth applies an asset class-based strategy in its investment selection process, and the firm says these strategies are designed to reduce portfolio risk through global diversification.
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
Teak Tree Capital Management, LLC
Teak Tree Capital Management, LLC, another fee-based company, has been in operation since 2009. About a quarter of the firm's client base is made up of high-net-worth individuals. Teak Tree is also known to work with individuals, families, estates, trusts, businesses and charitable organizations.
Teak Tree has millions in assets under management (AUM) and offers financial planning, consulting and investment management services.
Because the firm is fee-based, advisors may earn commissions for selling financial products. This is a conflict of interest, but advisors are bound to act in the best interest of the client.
Teak Tree Capital Management, LLC Background
Partners Adam Deem and Stephen Kaye own the firm. Deem is a certified financial planner (CFP) and has an MBA from Texas Christian University. He got his start in financial services working for Merrill Lynch. Kaye earned his CFP in 2003. Before his financial advisor career, he was a newspaper reporter and editor.
Eight people total work for the firm, including another CFP, a certified public accountant (CPA) and a chartered retirement planning counselor (CRPC).
Teak Tree Capital Management, LLC Investment Strategy
Teak Tree has three main investment strategies: income-based, income and growth-based and growth-based. The first strategy aims to give you a steady income with the least possible fluctuation. Income and growth-based portfolios have the goal to provide a rising income and portfolio growth. This strategy expects moderate fluctuation in value. The last strategy, growth-based, is a moderately aggressive portfolio that will have the highest fluctuation out of the three.
If you have less than $250,000, your portfolio will consist of mutual funds and possibly ETFs. Invest more than $250,000, and your portfolio will contain individual stocks, bonds, mutual funds and ETFs. The reason behind the difference is cost effectiveness for the size of your account. You’ll find a similar structure at most financial advisor firms.
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. The firm has been a registered financial advisor since 1997, but has been in operation since 1967.
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 is owned by Don Jacobson, Jeffrey Schmeltekopf and Timothy Lowry. 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, is the newest, having joined in 2002. Before Dean, Jacobson, he was an associate planner at an investment management firm in Nashville, Tennessee. He is a CFP and ChFC. The firm has six other employees, including one additional CFP.
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.
SMH Capital Advisors, LLC
A full 96% of the client base at SMH Capital Advisors, LLC consists of individuals beneath the high net worth threshold. While this client type is undoubtedly the main focus of SMH, it also works with high-net-worth individuals, trusts, estates, foundations, endowments, corporate pension and profit-sharing plans, Taft-Hartley plans, charitable institutions, insurance companies and private investment funds. The minimum needed to become a client of this firm varies from $200,000 to $5 million.
The staff at SMH Capital does not hold any advisory certifications.
Note that as a fee-based firm, a few of SMH's advisors have the opportunity to earn additional income from the sale of certain securities or insurance products. As a firm, though, SMH Capital Advisors is a fiduciary, and is required by law to act in your best interest at all times.
SMH Capital Advisors, LLC Background
President and chief investment officer Dwayne Moyers founded SMH Capital Advisors back in 1996, making this firm one of the oldest on this list. Moyers is also the managing member and principal owner of SMH and has been employed in the financial industry for around 30 years.
SMH Capital is known for its general wealth management services, but this includes much more than a traditional management service would. More specifically, this is broken down into three offerings: the Advisor Platform Programs, the SMH Capital Investments Program and the Institutional Program. Financial planning is typically provided on a complimentary basis to clients.
SMH Capital Advisors, LLC Investment Strategy
Perhaps the most highly developed area of SMH Capital Advisors' services is its set of in-depth, proprietary investment portfolio models. These are essentially divided up based on the relation between your risk tolerance and desired return level. Take a look over these five examples below:
- High income strategy - This is the most liquid model that SMH offers, as it consists of 100% high-yield convertible and corporate bonds, with a bit of leftover cash.
- Diversified income strategy - Half of this model includes the aforementioned high-yield bonds, with the latter 50% being comprised of investment grade or AAA bonds.
- Core plus intermediate term strategy - This model takes things a step further by introducing 75% investment grade or AAA bonds and 25% high-yield bonds.
- Absolute income strategy - This model looks to achieve a high-level of income by investing in real estate investment trusts (REITs), high-yield corporate bonds, high-dividend equities and closed-end mutual funds.
- Municipal income strategy - This portfolio is fully packed with municipal closed-end mutual funds and exchange-traded funds (ETFs) in an effort to produce tax-advantaged income.
OverRidge Wealth Advisors
OverRidge Wealth Advisors, formerly known as Lee Johnson Capital Management, LLC, is a fee-based financial advisor with millions in assets under management. 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 on a commission basis. However, irregardless 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.
Nine additional professionals work at OverRidge. 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 and there are four advisors at OverRidge.
OverRidge Wealth Advisors Investment Strategy
Advisors at OverRidge use proprietary software called BigFoot investments to help guide portfolio management. Two main questions are constantly asked at the firm, “What should we be investing in?” and “When should we be invested?” Those two questions guide the big picture for the team.
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.
Rosenthal Advisory Services, L.P.
Fee-based firm Rosenthal Advisory Services, L.P. serves more than 300 clients, including individuals, high-net-worth individuals, trusts, estates, corporations, charitable organizations and other business entities. The firm requires each client to have at least $500,000 in order to establish an advisory relationship.
As for advisory fees, Rosenthal charges asset-based fees and commissions. Since some firm representatives are licensed insurance agents, this can create a conflict of interest if advisors neglect clients’ needs by choosing products based on the compensation received. However, Rosenthal says it honors a fiduciary duty to act in each client’s best interest.
The firm’s team includes four certified financial planners (CFPs), two certified retirement counselors (CRCs), two certified fund specialists (CFSs) and one chartered financial consultant (ChFC).
Rosenthal Advisory Services, L.P. Background
Formed in 1996, Rosenthal specializes in portfolio management and financial planning services. The firm’s services also feature investment planning, retirement planning, tax planning, estate planning and risk management.
Founded as a sole proprietorship, the firm converted to a limited partnership in 2005. Rosenthal’s general partner and control entity is Rosenthal Management Services, LLC.
Rosenthal Advisory Services, L.P. Investment Strategy
Rosenthal says on its website that it believes a sound investment strategy is based upon financial science and that broad diversification within and across asset classes helps to reduce overall portfolio risk. The firm also holds that strategic asset allocation emphasizes exposure to risk which pays off over the long-term.
The firm’s investment strategies consist of long-term purchases, short-term purchases and tactical asset allocation.
Aspen Wealth Management
Despite around 40% of Aspen Wealth Management's client base being high-net-worth individuals, the fee-only firm does not have a minimum investable asset requirement for new accounts. Aspen also works with individuals, families, businesses and retirement plans.
The advisory team at Aspen Wealth Management handles millions in client assets. Even though the firm is considerably smaller than its competition towards the top of this list, there are three certified financial planners (CFPs) and an enrolled agent (EA) working at Aspen.
Aspen Wealth Management Background
Aspen Wealth Management is an independent female-owned firm, as it is led and under the sole ownership of 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 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
Many of the investment decisions that Aspen Wealth Management makes are based in its proprietary market and economic analyses. Contrary to this, some firms outsource this work or use the prebuilt research tools of a larger firm like Charles Schwab. The factors taken into account during this process are the sales, assets, management, financial structure, earnings and products as they relate to a certain security. To complete this and other technical analysis, Aspen utilizes computer software.
SWMG, LLC 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 serves more than 800 clients, including 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.
SWMG, LLC Background
Formed in 2012 and owned by Josh Strittmatter, SWMG mainly provides investment management, financial planning and consulting and education seminar services. The firm also offers tax overlay management services.
SWMG, LLC Investment Strategy
SWMG employs a number of analyses 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.
Keene & Associates, Inc.
Keene & Associates, Inc. is a fee-only firm managing close to 300 clients. Each client must meet a minimum account size requirement of $250,000, and the firm’s advisory fees are asset-based fees and fixed fees.
Keene’s clients are individuals, high-net-worth individuals, banking or thrift institutions, corporations and other business entities.
Keene & Associates, Inc. Background
Owned by John Keene, Keene began its operations in 1994. The firm specializes in investment management and financial planning services.
Keene & Associates, Inc. Investment Strategy
When evaluating securities, Keene uses fundamental analysis to make financial forecasts. The firm also says it employs technical analysis to predict price movements.
The firm’s primary investment strategies are long-term purchases, trading and short-term purchases.