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Rhame & Gorrell Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Rhame & Gorrell Wealth Management is one of the top financial advisory firms in The Woodlands, Texas, according to SmartAsset's research. This firm is a registered investment advisor (RIA) specializing in financial planning and wealth management services.

Rhame & Gorrell has been recognized as a "Five Star Wealth Manager" by Five Star Professional for eight years. In 2019, Houston Business Journal ranked the advisory among its list of the largest Houston-area money management firms. That same year, CityWire put the firm on its list of its RIA Future 50 firms. This list recognizes RIAs expected to make major accomplishments in the near future.  

The firm also has an office in Santa Barbara, California.

Rhame & Gorrell Wealth Management Background

Rhame & Gorrell Wealth Management formed in 2016. It’s owned by co-founder and president Jeffrey Rhame. As adjunct professors, Rhame taught classes on investment management and estate/insurance planning in the University of Houston and Lone Star College Systems. 

The team at Rhame & Gorrell features six certified financial planners (CFPs), five certified investment management analysts (CIMAs), an accredited investment fiduciary (AIF) and two certified public accountants (CPAs).

Rhame & Gorrell Wealth Management Client Types and Minimum Account Sizes

Rhame & Gorrell Wealth Management advises individuals, corporations and business entities. It does not have a minimum account size. 

Services Offered by Rhame & Gorrell Wealth Management 

Rhame & Gorrell Wealth Management’s advisors meet with clients to create advisor agreements. These documents detail various financial planning and investment management services requested by the client. In addition to investing help, the firm’s team can offer advice on the following topics: 

  • Cash flow forecasting
  • Trust and estate planning
  • Financial reporting
  • Insurance planning
  • Retirement planning
  • Risk management
  • Charitable giving
  • Distribution planning
  • Tax planning
  • Manager due diligence

Rhame & Gorrell Wealth Management Investment Philosophy

Rhame & Gorrell aims to build diversified investment portfolios that capture strong returns while reducing risk. When weighing investment products, the firm may engage in the following analytical strategies:

  • Charting - projecting price movements by analyzing current market patterns and other trends 
  • Fundamental - measuring a security's intrinsic value by analyzing the financial health and potential of the company 
  • Technical - forecasting price movements by studying historical data on price and trade volume 
  • Cyclical - predicting the direction of prices by examining the historical relationship between price and market trends

The firm primarily invests in mutual funds, exchange-traded funds (ETFs), individual debt and equity securities as well as options. Rhame & Gorrell, which may manage client assets through its Tactical Asset Allocation Program (TAAP), may also use independent investment managers outside of the firm. 

Fees Under Rhame & Gorrell Wealth Management

For investment management services, Rhame & Gorrell charges annual fees based on a percentage of assets under management (AUM). These fees don’t include transaction-based fees, mutual fund or exchange-traded fund (ETF) fees and other charges imposed by third-party financial institutions involved in the management of your account.

The firm imposes a minimum quarterly management fee of $1,000. This means that accounts smaller than $325,000 will pay more than the firm's stated fee of 1.35% for accounts that have $1 million or less. That said, Rhame & Gorrell may waive the minimum fee at its discretion.  

Below is the firm’s current tiered fee schedule:

Rhame & Gorrell Wealth Management Fee Schedule
Portfolio Value Base Fee
First $1MM 1.30%
$1M - $1.5MM 1.05%
$1.5MM - $2.5MM 0.95%
$2.5MM - $3.5MM 0.85%
$3.5MM - $5MM 0.80%
$5MM - $7MM 0.70%
$7MM - $15MM 0.65%
More than $15MM 0.55%

Here's an overview of how much you might pay in advisory fees as a client of Rhame & Gorrell:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Rhame & Gorrell Wealth Management*
Your Assets Rhame & Gorrell Wealth Management Fee Amount
$500K $6,500
$1MM $13,000
$5MM $48,250
$10MM $76,750

What to Watch Out For

Rhame & Gorrell Wealth Management has not been subject to any disciplinary actions deemed material to a potential client's evaluation of the firm's business practices.

Some of the firm’s advisors are also licensed insurance agents. These dual roles can create potential conflicts of interest, as advisors can earn commissions from these insurance sales. Despite this, the firm and its advisors are bound by fiduciary duty to act in clients' best interests at all times.

Opening an Account with Rhame & Gorrell Wealth Management

If you're interested in opening an account with Rhame & Gorrell Wealth Management, you can go online to the firm's website and submit a contact form. You can also call, email or even visit the firm in person at its The Woodlands office or its Santa Barbara office.

All information is accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Check out our list of the top financial advisors in Houston. They've all been vetted for disclosures. If you’d like to expand your search even more, see the top financial advisor firms in the state of Texas.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research