Top Financial Advisors in Plano, TX

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Fisher Investments is a massive, fee-only advisory firm that tops our list of the top financial advisors in Plano. One of the most recognizable brands in wealth management, Fisher also ranks No. 2 on SmartAsset's list of the top financial advisors in the U.S.

The firm has approximately 200,000 individual clients, over 60% of whom have a high net worth. The firm primarily focuses on investment management, but may provide some clients with a separate no-cost financial plan. 

In addition to its headquarters in Plano, Fisher has offices and advisors Arizona, California, Colorado, Florida, Houston, Texas, Illinois and Washington.  

If you're an individual interested in working with Fisher, you'll generally need at least $1 million in investable assets, though this minimum is waivable. As a fee-only firm, neither Fisher nor its advisors sell securities or insurance products. Instead, the firm's compensation comes from client-paid fees. Those fees are charged as a percentage of assets under management (AUM), ranging from 1.25% to 0.28%. Accounts that fall below $900,000 are charged an annual management fee of 1.50%.

Depending on your long- or short-term goals, risk tolerance and time horizon, the firm will recommend a distinct set of investments. For example, riskier investors will have portfolios centered around common stock and cash equivalents. Risk-averse investors will have their assets invested more in fixed-income securities, such as bonds and cash. For those in between those two extremes, Fisher may recommend a blended portfolio that features some proportionate allocation of stocks, fixed-income and cash.

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Retirement Planners of America, formerly known as Money Matters With Ken Moraif, is next on our Plano, Texas list. The firm’s sizable team includes advisors who hold the Certified Financial Planner™ (CFP®) and chartered retirement planning counselor (CRPC) designations, among others. 

Retirement Planners of America, which is fee-based, does not require a set account minimum. Its clients include individuals, high-net-worth individuals and corporations. The firm charges an asset-based fee for portfolio management, which may be higher for clients with less than $275,000 in assets under management (AUM). 

All of Retirement Planners of America's investment advisor representatives are required to be licensed insurance agents and will earn commissions from sales. While this may present a potential conflict of interest, the firm is a fiduciary, which means it must act in clients' best interests at all times.

The firm works with individual clients to determine an appropriate investment strategy and asset allocation model. The firm allocates clients' assets based on their investment strategy, goal or model, and clients are free to adjust their asset allocations. Typically, Retirement Planners of America recommends mutual funds, variable annuities and fixed annuities.

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SFMG Wealth Advisors, a large fee-only firm with billions in assets under management, is next on our list of the top financial advisory firms in Plano. SFMG provides a range of financial advisory services to a client base composed almost exclusively of individuals and high-net-worth individuals. The firm also works with a small number of charitable organizations and businesses. It imposes a $1 million minimum account size.

Founded in 1992, SFMG provides its clients with financial planning, wealth management and investment advisory services. Financial planning services span a variety of topics and may include estate planning, retirement and other needs. Advisors and other members of the SFMG team hold a range of professional certifications, including the CFP®, chartered financial analyst (CFA), retirement income certified professional (RICP) and certified public accountant (CPA) designations, among others. 

SFMG, like many other financial advisory firms that offer investment management services, tailors its investment strategies to the individual needs of clients. Clients are permitted to place restrictions on the management of their money. Advisors also work with clients to determine their specific goals and objectives when it comes to investing. A large element of this process is determining risk tolerance.

SFMG looks to centralize their investment decision-making process among its advisors and its investment team. Advisors do not look to time the market, instead focusing on long-term investing. Specific investments include stocks, bonds, cash, mutual funds, exchange-traded funds (ETFs), private equity, real estate, commodities, hedge funds and third-party subadvisors.

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Parkway Wealth Management Group is a fee-based advisory firm that works with individuals, families, trusts, estates, retirement plans, charitable organizations, small businesses and other institutional investors. Parkway does not have a set account minimum, though it may decline or terminate accounts it determines are too small to manage.

As a fee-based firm, Parkway may receive commissions or third-party compensation in addition to advisory fees paid by clients. While this may present a potential conflict of interest, the firm is a fiduciary, which means it must act in clients' best interests at all times.

The firm offers wrap fee portfolio management through the Parkway Management Program, financial planning, 401(k) plan advisory services, financial consulting, non-managed account services and retirement account rollover advice. Financial planning services may cover areas like insurance planning, employee benefits, college planning, investment management, tax planning, retirement planning, estate planning, trust services, business planning and charitable planning.

The firm has several credentialed advisors on staff, including CFP® professionals and others who hold the certified investment management analyst (CIMA) and certified private wealth advisor (CPWA) designations.

Parkway uses a range of investment approaches, including fundamental, technical, charting and cyclical analysis, as well as modern portfolio theory. Client portfolios may include equities, fixed income, mutual funds, ETFs, annuity sub-accounts, alternatives, structured products, managed futures, commodities and other investment types. The firm may use both long-term and short-term purchases, depending on the client’s objectives and account needs.

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Astra Wealth Management Group is a fee-based firm that works with individuals, high-net-worth individuals, trusts, estates and businesses. The firm, which requires a minimum account balance of $100,000, charges an asset-based fee for wealth management and hourly fees for financial planning services.

Advisors on staff can earn sales commissions for selling securities or insurance policies, in addition to the client-paid fees for advisory services. While this is a conflict of interest because advisors have a financial incentive to recommend certain products and services over others, the firm has a fiduciary duty to act in its clients’ best interests.

The firm offers a comprehensive suite of services tailored to individual financial needs, including investment planning, retirement planning, personal savings and education savings. Additionally, the firm provides assessments of insurance needs, support for charitable giving programs, as well as referrals to accountants, attorneys or other specialists as needed. 

Members of the Astra team hold several professional certifications, including the CFP®, CPWA, CRPC and CIMA designations.

Astra Wealth Management Group uses a multifaceted approach to investing, incorporating fundamental, technical, cyclical and charting analysis, with a strong emphasis on long-term investing. The firm tailors its investment strategies to align with each client's unique set of circumstances, including their investment goals, financial situation, time horizon and risk tolerance. Their typical investment vehicles include low-cost, diversified mutual funds, exchange-traded funds (ETFs), selected alternative investments, individual stocks, bonds and options contracts.

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Insight Wealth Partners primarily works with individuals and high-net-worth individuals. In addition, the firm has charitable organizations, corporations and businesses as clients. Insight Wealth Partners does not require a minimum account balance for its asset management services, but it does require a minimum annual fee of $1,000. For its financial planning services, the firm usually charges a minimum first-year fee of $2,500.

This is a fee-based firm, so a few of its advisors may earn commissions from the sale of insurance products, in addition to the fees that advisory clients pay. While this form of compensation is considered a conflict of interest, the firm is a fiduciary, and must act in clients' best interest at all times.

Advisors on staff hold a variety of professional designations, including the CFP®, ChFC, CRPC, CPA and certified kingdom advisor (CKA) credentials. 

Insight Wealth Partners takes a team approach to financial management and says it collaborates closely with its clients and their other advisors. The firm's services include asset management and comprehensive financial advice. The latter may encompass retirement planning, education planning, estate planning, tax planning, real estate analysis, insurance analysis, charitable planning and employer stock option planning. For certain clients, the firm may review their 401(k), 403(b) or 457 plans.

Insight Wealth Partners offers two different types of portfolio management: traditional portfolio management and synthetic portfolio management. Its investment strategy for its traditional portfolios is based on modern portfolio theory, with an emphasis on strategic and tactical asset allocation. The synthetic strategy aims to "mirror the upside momentum of the major market indices while preserving the downside risk exposure by using a heavily weighted fixed-income portfolio combined with advanced options strategies such as puts, calls and LEAPs," the firm states in its Form ADV brochure. 

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Moss, Luse & Womble is up next on our list. The firm, which doesn't require a minimum account size for investment advisory services, works with individuals, high-net-worth individuals and retirement plans. Advisors provide the following services: financial planning, portfolio management and pension consulting services. 

Founded in 2010, Moss, Luse & Womble is a fee-only firm, which means means its only compensation comes from fees charged to clients. It also indicates that advisors don't earn commissions from third-party financial institutions for selling their products or services. 

The team at Moss, Luse & Womble is made up of advisors and other representatives who hold the CFP®, CPA and enrolled agent (EA) designations. 

Moss, Luse & Womble uses fundamental analysis to evaluate investments, focusing on factors such as company financials, management, competitive advantages and market conditions. The firm offers eight proprietary investment models, ranging from capital preservation to ultra aggressive, with allocations based on each client’s risk tolerance, time horizon and goals. Portfolios may be adjusted as market conditions change, and clients can place restrictions on certain investments or request a customized portfolio.

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The Watchman Group (TWG) is a fee-only firm that serves individuals and high-net-worth individuals, as well as charitable organizations and other investment advisors. Unlike some of the firms on this list, TWG does require an account minimum. To be a client of this firm, you'll need a minimum of $2 million in investable assets.

TWG offers investment management, financial planning, tax analysis and strategy and family office services. The firm manages portfolios on a discretionary basis, and its portfolios are customized to meet each client's needs, objectives and risk tolerance.  

TWG has advisors and other representatives on staff who hold the CFP®, CPA and chartered alternative investment analyst (CAIA) designations.

TWG uses several methods of analysis when developing investment advice and managing client portfolios, including fundamental, technical, cyclical, quantitative and qualitative analysis. The firm evaluates factors such as financial conditions, industry trends, economic data, management quality, price and volume patterns and other measurable and non-measurable inputs.

TWG also places significant emphasis on asset allocation, seeking an appropriate mix of equities, fixed income and cash based on each client’s goals and risk tolerance. The firm may recommend a wide range of securities, including stocks, ETFs, mutual funds, corporate debt, government securities, CDs, variable annuities, life insurance products and options.

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Nexus One Financial Advisors is a fee-based advisory practice that works with high-net-worth individuals, families, trusts, estates, businesses and retirement plans. The team includes professionals with the CFP®, ChFC, CRPC and chartered life underwriter (CLU) designations.

Nexus One generally does not impose a minimum relationship size, though its services are tailored to high-net-worth families. The firm provides wealth management, financial planning, retirement plan advisory services, family office services and oversight of independent managers.

Certain representatives of the firm may also earn commissions as registered representatives or licensed insurance professionals, in addition to the fees that advisory clients pay. While this may present a potential conflict of interest, the firm is a fiduciary, which means it must act in clients' best interests at all times.

The firm’s financial planning services may be comprehensive or ad hoc. Its retirement plan services may include vendor analysis, investment policy statement support, participant education tracking, investment oversight, performance reporting and ERISA 404(c) assistance.

Nexus One generally uses a long-term investment approach, with short-term buying and selling as needed for rebalancing, cash needs or tax-loss and gain harvesting. Portfolios may include mutual funds, ETFs, individual stocks, individual bonds, structured notes, cash positions and independent managers. The firm may use both fundamental and technical analysis when evaluating investments.

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Our list of the top financial advisors in Plano concludes with Lifeway Financial Corporation. This fee-only firm works with individuals, high-net-worth individuals and family groups, and does not list a minimum account size. As a fee-only practice, advisors do not earn commissions from third-party financial institutions for selling securities or insurance products.

The firm offers initial and ongoing financial planning, discretionary investment management and hourly consultations. Financial planning services may cover areas like financial goals, cash flow, tax reports, education planning, retirement planning, estate and survivor planning, investment strategy and portfolio analysis.

The Lifeway team features advisors who hold the CFP®, CFA, EA and certified divorce financial analyst (CDFA) designations. 

Lifeway generally builds portfolios using asset allocation and diversification, with a balance of growth and income assets based on each client’s objectives. The firm also uses a customized investment policy statement for each client, which may address return requirements, risk management, time horizon, liquidity needs, tax considerations and other constraints. Investment recommendations may include equities, municipal securities, corporate debt, certificates of deposit, partnership interests, private placements, illiquid securities and distressed securities.