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 or explore SmartAdvisor Match for information on every advisor who serves your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||WPWealth LLP Find an Advisor||$914,564,129||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Diesslin Group, Inc. Find an Advisor||$730,185,764||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Omega Wealth Partners, Inc. Find an Advisor||$732,000,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|4||Dean, Jacobson Financial Services Find an Advisor||$359,420,979||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||Aspen Wealth Management Find an Advisor||$292,212,943||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||OverRidge Wealth Advisors Find an Advisor||$228,189,388||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Storehouse Financial LLC Find an Advisor||$119,576,759||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Keene & Dorchak Find an Advisor||$167,784,926||$250,000|| || |
|9||Shelton Wealth Management, LLC Find an Advisor||$276,679,581||$500,000|| || |
|10||SWMG, LLC Find an Advisor||$221,723,470||$250,000|| || |
What We Use in Our Methodology
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:
- 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.
WPWealth is a fee-based 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. If you request an insurance-based product, the firm may receive a commission. 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.
WPWealth 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.
Diesslin Group, a fee-only firm that works primarily with individuals and high-net-worth investors, is the second-highest-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, there is no set account minimum. However, the majority of Diesslin's client base is made up of high-net-worth individuals and the firm charges less in fees for managed assets over $1 million. 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 be 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).
Omega Wealth Partners
Omega Wealth Partners is a fee-only firm whose clients are primarily individual investors, both with and without high net worths. The firm also works 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.
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.
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 four 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.
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 firm on the list has no 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.
Storehouse Financial is a fee-only, Christian investment and asset management firm based in Fort Worth, Texas. New to the Top 10 list this year, the firm is employee owned and boasts two certified financial planners and one certified public accountant.
Storehouse Financial Background
Stephen Stull is founding partner and the CEO of Storehouse Financial. His other founding partner, David Stull, is president of the company and has over 23 years of experience in investing and financial advisory.
Storehouse Financial specializes in financial planning and portfolio management. The firm emphasizes its Christian roots and aims to provide timely and meaningful advice to its clients.
Storehouse Financial Investment Strategy
Storehouse Financial guides portfolio management using cyclical, fundamental and technical analysis. As fee-only fiduciaries, the company does not receive commissions for recommended investment strategies and its has no set account minimum for asset management. The firm typically allocates client assets among mutual funds, stocks, bonds, exchange-traded funds (ETFs), Real Estate Investment Trusts (REITs) and options.
Keene & Dorchak
Keene & Dorchak (previously known as Keene & Associates) is a fee-only firm and 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 & Dorchak 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 & Dorchak 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 & Dorchak specializes in investment management and financial planning services.
Keene & Dorchak Investment Strategy
The firm’s primary investment strategies are long-term purchases, trading and short-term purchases. Keene & Dorchak, which invests in equities, fixed income and mutual funds, offers two distinct 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.
Shelton Wealth Management
Shelton Wealth Management is a fee-only firm that works primarily with individuals and high-net-worth investors. As a fee-only firm, Shelton Wealth advisors cannot accept compensation for selling you certain securities or insurance products.
The firm requires a minimum of $500,000 in order to open an account. Services offered also include customized plans for trusts, estates, charitable organizations, corporations and business.
Shelton Wealth Management Background
Father and son team, Keith and Sam Shelton, founded the firm in May 2021, making Shelton Wealth Management the youngest firm on our list. Keith Shelton spent the last 27 years as a Senior Financial Advisor at a large financial services firm and left the company to found a Registered Investment Advisory (RIA) to better serve his clients.
Shelton Wealth Management Investment Strategy
The Sheltons will construct a risk-adjusted, tax-efficient and cost-effective asset allocation strategy based on a client’s unique cash flow needs, stated return and risk profile. The firm generally utilizes a combination of active and passive strategies for its clients, allocating among individual stocks, bonds, exchange-traded funds (ETFs), mutual funds and occasionally separately management portfolios.
Strittmatter Wealth Management Group
Strittmatter Wealth Management Group (SWMG) is a fee-based firm managing an array of individual and institutional clients. 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 asset management account size requirement is $250,000.
As a fee-based firm, some of the advisors at SWMG can receive third-party sales commissions. While this presents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests.
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.