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Top Financial Advisors in San Antonio, TX

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by Derek Silva Updated

Finding a Top Financial Advisor Firm in San Antonio, Texas

It can be challenging to find the right financial advisor because there are so many vying for your business. That’s why SmartAsset has put in the work to help you find the top financial firms in San Antonio. This list of the top San Antonio financial advisor firms comes from dozens of hours of research into the city’s numerous firms. We lay out our findings below about these firms and what differentiates them from each other. If you would like more guidance in your search, SmartAsset’s financial advisor matching tool can pair you with an advisor near you.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1

South Texas Money Management, Ltd.

South Texas Money Management, Ltd. logo

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$3,315,927,425

$1,000,000

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

$1,000,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
2

Covenant Multi-Family Offices, LLC

Covenant Multi-Family Offices, LLC logo

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$1,393,917,200

No set account minimum

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
3

Titleist Asset Management, Ltd.

Titleist Asset Management, Ltd. logo

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$280,000,000

No set account minimum

  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services

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4

Brent Forrest & Associates, LLC

Brent Forrest & Associates, LLC logo

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$273,356,500

$500,000

  • Financial planning services
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
5

Monticello Wealth Management, LLC

Monticello Wealth Management, LLC logo

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$256,392,500

No set account minimum

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
6

Pax Financial Group

Pax Financial Group logo

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$255,000,000

No set account minimum

  • Portfolio management
  • Group retirement plan consulting

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Group retirement plan consulting
7

Texas Legacy Wealth Management

Texas Legacy Wealth Management logo

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$160,420,800

Varies by account option

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

Varies by account option

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
8

Strategic Financial Concepts, LLC

Strategic Financial Concepts, LLC logo

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$155,609,000

$250,000

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops
  • General consulting and business planning services

Minimum Assets

$250,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops
  • General consulting and business planning services
9

One Advocate Group

One Advocate Group logo

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$147,100,000

No set account minimum

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors (including private fund managers)
10

Kercheville Advisors LLC

Kercheville Advisors LLC logo

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$132,162,600

$250,000

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops

Minimum Assets

$250,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops

How We Found the Top Financial Advisor Firms in San Antonio, Texas

To create this list of top financial firms, SmartAsset considered all U.S. Securities and Exchange Commission (SEC)-registered firms in San Antonio. We looked specifically at SEC-registered firms because they have a fiduciary duty to put their clients’ best interests ahead of their own. From there, we eliminated any firm with disciplinary issues. Only firms with a clean record made it to our final list for consideration. We also eliminated firms that did not manage individual accounts or did not have financial planners on staff. The remaining firms were sorted according to assets under management (AUM), from highest AUM to lowest.

South Texas Money Management, Ltd.

South Texas Money Management, Ltd.

South Texas Money Management has the most assets under management (AUM) of any firm on this list with $3.32 billion. It’s also the largest firm with 61 employees, 30 of whom work in an advisory function. It has the most certified financial planners (CFPs) with six and it has the most chartered financial analysts (CFAs) with eight.

South Texas Money Management has the highest account minimum on this list at $1 milion. The firm does serve more than just high-net-worth individuals though. As many as half of its clients are individuals. The firm’s other client types include pension and profit-sharing plans (but not the plan participants), charitable organizations and corporations.

South Texas Money Management is a fee-based firm. That means the firm or advisors may earn commission from selling certain products or services. Don’t forget though that the firm is a fiduciary and has to put a client’s best interests before its own.

South Texas Money Management, Ltd. Background

South Texas Money Management was founded in December of 2000 by Jeanie Wyatt, who is one of the company’s eight CFAs. The firm is a limited partnership that is controlled by the parent company Baruch Management, LLC. Wyatt owns Baruch Management, LLC.

The firm’s primary services involve providing individualized investing advice and management for clients, including portfolio construction. The firm also offers its clients quarterly and annual reports with account analysis and performance reviews

South Texas Money Management, Ltd. Investing Strategy

When deciding which stocks to use in a portfolio, South Texas Money Management’s core philosophy is to buy two types of stocks: value and growth. According to the firm, high value stocks are those that have a high price-to-cash-flow ratio. This ratio looks at the price of a company’s shares relative to its cash flow. High growth stocks, on the other hand, are stocks that have accelerating earnings and revenue rates. The company believes that investing in these two types of stocks will set a client’s portfolio up for success no matter the market cycle.

South Texas Money Management will also include fixed-income securities, like bonds, in some client portfolios. The company focuses on using diverse fixed-income securities, but only uses those that hold a rating of A or higher. That means the firm avoids high-risk securities like junk bonds, which have the potential for high returns but also come with high risk.

Client money that is not invested in other options will be put into money market funds. Money market funds typically offer better interest rates than savings accounts but it’s important to remember that a money market fund is not insured by the FDIC.

Covenant Multi-Family Offices, LLC

Covenant Multi-Family Offices, LLC

Covenant Multi-Family Offices, LLC is the second of two financial advisors on this list with more than $1 billion in assets under management (AUM). The firm has firm has $1.39 billion in AUM. It is the only firm with any certified public accountants (CPAs) on staff. It has eight CPAs, as well as three chartered financial analysts (CFAs) and three certified financial planners (CFPs). The firm's founder, John D. Eadie, holds all three of the aforementioned certifications.

Covenant Multi-Family Offices primarily serves corporate executives and business owners, but it also works with individuals and institutions. The firm has no account minimum.

Covenant Multi-Family Offices, LLC Background

Covenant Multi-Family Offices, LLC was founded in 2009 by John D. Eadie. Eadie remains the principal owner of the firm.

The firm offers many planning services like retirement, estate and business planning. These planning services may or may not include advice on managing an investment portfolio. As eight of the firm’s 18 advisors are CPAs, it is no surprise that Covenant also offers tax preparation and bookkeeping services.

Covenant Multi-Family Offices, LLC Investing Strategy

Covenant Multi-Family Offices uses a few common analyses when choosing which securities to invest clients’ money in. These includes charting, fundamental analysis and technical analysis. These techniques look at a company from multiple angles to try and forecast how the company will perform in the larger market.

Covenant invests in securities in multiple ways. For example, a client’s portfolio may have some long-term purchases (securities held at least one year) and short-term purchases (securities held less than one year). Clients have the option to trade stocks (securities bought and sold within 30 days) or make margin transactions (borrowing money from the broker in order to buy more securities).

Titleist Asset Management, Ltd.

Titleist Asset Management, Ltd.

Titleist Asset Management has $280 million in assets under management (AUM). The firm has no account minimum and the majority of its clients are individuals. However, it also serves high-net-worth individuals, trusts, estates, corporate retirement plans, charitable organizations, corporations and businesses. Notably, 8% of the firm’s clients are non-U.S. persons, which is the highest percentage for any firm on this list.

While Titleist Asset Management has 10 advisors on staff, none hold any advanced certifications. The firm is fee-based, so individual advisors may receive a commission for selling certain securities and insurance products. The firm is still a fiduciary so it has to put its clients’ best interests before its own.

Titleist Asset Management, Ltd. Background

Titleist Asset Management, Ltd. was founded in 2003 by Byron L. Fields and Joe-Ben O’Banion, who both still serve as managing partners for the firm. Together, the two own Fields and O’Banion Investments, LLC, which in turn owns Titleist Asset Management, Ltd.

Titleist provides financial planning and advisory services to help clients manage their investments. The firm also partners with other financial institutions to allow clients to trade a range of securities.

Titleist Asset Management, Ltd. Investing Strategy

Titleist Asset Management says its investing style could be called “style agnostic.” The firm does not place an emphasis on choosing value stocks versus growth stocks. Titleist uses both active and passive management strategies. Instead of adhering to one particular investing style, the firm simply tries to choose stocks that it believes have the best risk-adjusted return profile.

To decide which securities have the lowest investment risk, Titleist uses common analytical techniques like fundamental analysis and technical analysis. These involve studying the individual company as well as how it compares to similar companies and how it fits into the overall economy. Quantitative analysis, another technique the Titleist uses, involves looking at a company’s financial information like income statements and balance sheets.

Brent Forrest & Associates, LLC

Brent Forrest & Associates, LLC

Brent Forrest & Associates, LLC is another small firm with only two financial advisors on staff. Those advisors help manage the firm’s $273.4 million in assets under management (AUM). The firm only serves individual clients and requires the second-highest account minimum on this list at $500,000.

Brent Forrest & Associates is a fee-based firm, so it may accept a commission for selling certain securities and insurance products. Being a fee-based advisor does not change the fact that the firm is a fiduciary, however. Like the previous two firms on this list, none of the advisors at Brent Forrest & Associates hold any advanced certifications.

Brent Forrest & Associates, LLC Background

Brent Forrest & Associates was founded in 1995 by Brent Forrest. Forrest serves as the firm’s president and he shares ownership with Priscilla McKinley, the firm’s vice president.

The firm says it takes a three-step approach with clients. Step one involves getting to know a client’s financial situation. An initial consultation is free for prospective clients. Step two comes after the client agrees to work with the firm. Brent Forrest & Associates will create recommendations for how the client’s assets should be invested and managed. Assuming everyone is happy with the plan, the firm will then execute the plan and begin managing the client’s assets in step three of the process.

Brent Forrest & Associates’ services include assessing your overall financial situation, planning for retirement, planning an estate, determining life insurance needs and minimizing tax obligations.

Brent Forrest & Associates, LLC Investing Strategy

When investing a client’s money, Brent Forrest & Associates believes that asset allocation is one of the key factors factor affecting the long-term rate of return on an investment portfolio. It looks to create client portfolios that are diversified across multiple asset classes. That includes both domestic and foreign securities. It also includes a balance of growth and value stocks.

Brent Forrest & Associates actively manages its clients’ portfolios. The firm explains on its website that it believes an active approach is better - both logically and according to “overwhelming historical evidence” - than a passive, index investing approach.

Monticello Wealth Management, LLC

Monticello Wealth Management, LLC

Monticello Wealth Management has the smallest staff on our list. There is only one financial advisor and he does not hold any advanced certifications. The firm handles relatively few clients, but it still has $256.39 million in assets under management (AUM).

There is no account minimum at Monticello Wealth Management. More than three-quarters of the firm’s clients are high-net-worth individuals. The firm does serve other types of clients though, such as individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities.

Monticello Wealth Management, LLC Background

Monticello Wealth Management was founded in 2015. The firm is wholly owned by Jefferson Bank, which is an independent bank that serves the San Antonio area.

Monticello Wealth Management offers a range of financial planning services such as cash-flow forecasting, insurance planning, retirement planning, trust and estate planning. However, these planning services are only available in conjunction with investment portfolio management. The firm offers all of these services together in one comprehensive management plan.

Monticello Wealth Management, LLC. Investing Strategy

Monticello Wealth Management’s investment strategies center on the use of low-cost mutual funds. The firm chooses funds that represent domestic and foreign markets across a range of asset classes. According to Monticello Wealth Management, “academic research indicates the asset allocation mix is the primary determinant of portfolio returns over time.”

The firm prefers to work with clients who have a long-term investing focus. The firm says that its clients usually have an investment horizon of five to 10 years or longer.

Pax Financial Group

Pax Financial Group

Pax Financial Group has $255 million in assets under management (AUM). It has no account minimum. Pax’s client’s mostly include individuals, high-net-worth individuals, trusts, estates, corporations and pension and profit-sharing plans. However, it also offers services to banks, thrift institutions, charitable organizations and state and municipal government entities.

The firm has six financial advisors on staff. Four of them are certified financial planners (CFPs). In addition to being an investment advisor, Pax is also an insurance agency. So even though the firm is a fiduciary, advisors can earn a commission for selling some insurance products. That makes Pax a fee-based financial advisor.

Pax Financial Group Background

Pax Financial Group was founded in 2007 by Darryl Lyons, Joseph Schuetze and Andres

Gutierrez. Lyons and Schuetze are now the two principal owners, with Lyons serving as CEO and Schuetze serving as president of the firm.

Pax offers a number of services to individuals. That could mean planning for retirement, choosing life insurance, planning your charitable giving or analyzing college costs. The firm also offers a number of services that are tailored specifically to businesses and employers. For example, it helps with 401(k)s, pensions plans and payroll deduction taxes. 

As an insurance agency, Pax also specifically offers help with health insurance, life insurance, disability insurance and Medicare programs for both individuals and groups.

Pax Financial Group Investing Strategy

Pax Financial Group creates portfolios for its clients based on their individual goals and financial situations. However, portfolio decisions are not made by any one financial advisor. Pax has what it calls an Investment Committee, which is a group of financial advisors who work together when deciding how to manage a client’s assets.

Overall, Pax’s investment focus is on long-term gains. It actively manages portfolios but does not try to time and beat the market. An individual portfolio could consist of domestic and foreign stocks, mutual funds and bonds.

Texas Legacy Wealth Management

Texas Legacy Wealth Management

Texas Legacy Wealth Management has $160.42 million in assets under management (AUM). The firm is relatively small with eight financial advisors. Of those eight, one is a certified financial planner (CFP) and one is a chartered financial analyst (CFA).

The firm serves mostly individuals. Receiving a written financial plan will generally cost at least $500. Investment management plans generally have an account minimum of at least $15,000.

Texas Legacy Wealth Management is a fee-based financial advisor, so it does accept commissions for selling securities. At the same time, it is required to put its clients’ best interests before its own because it is a fiduciary.

Texas Legacy Wealth Management Background

Texas Legacy Wealth Management is one of the youngest firms on our list. It was founded in 2005 by Enzo T. Pellegrino. He currently serves as the firm’s president.

Texas Legacy Wealth Management’s services center on asset management, pension consulting for employer plan sponsors, financial planning and consulting. The firm offers a few different investing programs, which allow clients to invest in different types of securities. For example, a Model Wealth Portfolios Program offers a professionally managed mutual fund investment program. The Optimum Market Portfolios Program allows clients to have a professionally managed asset allocation program using Optimum Funds Class I shares. Texas Legacy Wealth Management also refers some clients to third-party money managers.

Texas Legacy Wealth Management Investing Strategy

When choosing which equities to recommend and invest in, Texas Legacy Wealth Management uses some common analytical techniques like fundamental analysis, technical analysis, charting and cyclical analysis.

All four of these techniques aim to analyze companies and stocks from different perspectives. The goal, according to the firm, is to analyze stocks from all angles so that the deficiencies of one method of analysis are cancelled out by the strengths of others.

Strategic Financial Concepts, LLC

Strategic Financial Concepts, LLC

Strategic Financial Concepts is the second-largest firm in this list. Like the first firm on the list, South Texas Money Management, Strategic Financial Concepts has 30 advisors on staff. However, only one of those advisors holds a certified financial planner (CFP) designation and only one holds a chartered financial analyst (CFA) designation. The firm has $155.61 million in assets under management (AUM).

More than half of Strategic Financial Concepts’ clients are individuals. Other types of clients include high-networth individuals, pension and profit-sharing plans (but not the plan participants), insurance companies and corporations. The firm has an account minimum of $250,000.

Strategic Financial Concepts, LLC Background

Strategic Financial Concepts has been providing advisory services since 2006. Reagan Wagner is the managing principal, CEO and president of the firm.

Strategic Financial Concepts offers a number of services that revolve around wealth management, especially for individuals with a net worth above $5 million. It also offers various financial planning services, such as retirement, estate, tax and business planning.

Strategic Financial Concepts, LLC Investing Strategy

Strategic Financial Concepts creates investment portfolios using diverse asset classes and a number of no-load or load-waived mutual funds, exchange-traded funds (ETFs) and other investment vehicles. A no-load mutual fund in one that is sold with no commission or sales charge.

Much like Texas Legacy Wealth Management, Strategic Financial Concepts uses the common analytical techniques of fundamental analysis, technical analysis, charting and cyclical analysis.

Sometimes, the firm will help clients to get a third-party investment advisor to assist with managing the client’s assets. Before implementing any plans or advice from a third-party advisor, Strategic Financial Concepts will always review and sign off on it to ensure that it addresses the client’s investment goals.

One Advocate Group

One Advocate Group

One Advocate Group is the oldest firm on this list. It was founded in 1990 and currently has $147.1 million in assets under management (AUM). While the firm serves a variety of clients, including trusts, estates, pension and profit-sharing plans and corporations, most of its clients are individuals. There is no account minimum for becoming a client with One Advocate Group.

The firm has two financial advisors on staff, making it one of the smallest firms on this list. Of the two advisors, one holds a chartered financial analyst (CFA) designation. It’s also worth noting that One Advocate Group is a fee-only advisor. The firm and its advisors do not receive a commission from selling any specific securities.

One Advocate Group Background

As mentioned, One Advocate Group is the oldest firm on this list. Thomas Oliphint founded the firm in 1990 and he is the sole owner. While the company started in 1990, it has only been in business as an investment advisor since 2015.

One Advocate Group offers comprehensive financial planning services that cover both short-term and long-term investing goals. According to the firm, it commonly manages wealth that will continue for future generations. Outside of investment advice, the firm also helps clients to choose life insurance and to create business plans.

One Advocate Group Investing Strategy

One Advocate Group’s investing strategies typically focus on helping a client to reach long-term goals. That could include making both long-term purchases (securities held at least one year) and short-term purchases (securities held less than a year). The firm may also make margin transactions, which involve borrowing money from the firm as a short-term loan.

Strategies that One Advocate Group utilizes when creating a portfolio include using a strategic asset allocation based on client goals, fundamental analysis, relative-value arbitrage and global macro analysis. The latter two are common strategies for actively managed hedge funds.

Kercheville Advisors LLC

Kercheville Advisors LLC

Rounding out our list of the top 10 financial advisors in San Antonio is Kercheville Advisors. The firm has $132.16 in assets under management (AUM). It predominantly serves high-net-worth individuals. In fact, over three-quarters of the firm’s clients are high-net-worth individuals. Kercheville Advisors also serves individuals, investment companies, pension and profit-sharing plans (but not the plan participants), charitable organizations and corporations.

Prospective clients should know that Kercheville Advisors has an account minimum of $250,000. The firm is fee-based, with advisors earning commissions from the sale of certain securities and insurance products. In terms of advisors, Kercheville has four advisors on staff. Two are certified financial planners (CFPs) and one is a chartered financial analyst (CFA).

Kercheville Advisors LLC Background

Kercheville Advisors became a limited liability company in 2013. It was founded by Joe B. Kercheville and Richard Arneson. Arneson has since retired and Kercheville remains the sole owner of the firm.

Kercheville Advisors offers portfolio management services, financial planning and consulting services. It also holds seminars and workshop classes on topics like retirement, investing, insurance and money management techniques.

Kercheville Advisors LLC Investing Strategy

Kercheville Advisors attempts to create a personalized but globally diverse portfolio for each client in order to help clients reach their financial goals. Like many other financial advisors, Kercheville uses fundamental and technical analysis to help choose which securities to invest in. Fundamental analysis is meant to give an investor a broad picture of a company’s finances. It focuses on a security’s intrinsic value. Technical analysis considers more external values to predict how a security’s price will change in the future.

Some financial advisors have specific criteria that they consider when investing. For example, an advisor might prefer long-term securities. Kercheville Advisors does not appear to show a preference for any type of investing style.

How Many Years $1 Million 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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

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