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 lays out our findings 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 who serves an area near you.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Sendero Wealth Management Find an Advisor||$4,262,933,738||$1,000,000|| || |
|2||1900 Wealth Find an Advisor||$1,614,257,300||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Teamwork Financial Advisors, LLC Find an Advisor||$606,169,667||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||PAX Financial Group Find an Advisor||$554,598,567||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||TPB Wealth Advisors, LLC Find an Advisor||$882,567,001||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Martin Capital Advisors, LLP Find an Advisor||$170,057,739||$250,000|| || |
|7||Brent Forrest & Associates, LLC Find an Advisor||$584,195,582||$500,000|| || |
|8||Texas Legacy Wealth Management Find an Advisor||$298,660,715||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||Financial Life Advisors Find an Advisor||$360,556,322||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||SWBC Investment Company Find an Advisor||$205,021,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in San Antonio, 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.
Sendero Wealth Management
Sendero Wealth Management, the top-rated financial advisor in San Antonio, has more assets under management (AUM) than any other firm on our list. This fee-only firm has a wide range of advisors serving high-net-worth individuals, non-high-net-worth individuals, charitable organizations, families and endowments.
For its advisory services, the firm mainly charges asset-based fees and fixed fees. Sendero Wealth works with clients who have at least $1 million in investable asssets.
Sendero Wealth Management Background
This firm began its operations in 2000 as a division of Redstone Consulting, LLC. However, Sendero Wealth transitioned from Redstone’s control in 2008 when it became an independent firm. Today, the ownership of Sendero Wealth Management is allocated between Sendero Partners (89%) and a passive, client investor (11%).
Sendero Wealth currently offers portfolio management, financial planning, selection of other advisors and educational seminars/workshops.
Sendero Wealth Management Investment Strategy
Sendero says on its firm brochure that it combines a holistic approach to wealth with an investment policy directive to determine the best asset allocations for each client. The firm’s portfolios typically include traditional equity and fixed income securities, alternative investments, real estate and private equity.
In constructing portfolios, Sendero makes asset allocation and diversification key priorities, and looks to use both active and passive techniques, as well as alternative investments. Advisors typically blend investments, spreading client assets across stability assets, growth assets and diversifier assets.
1900 Wealth, the second highest-rated firm on our list, services individuals with and without high net worths, banking institutions, charities, trusts, estates and corporations. The firm was previously known as Monticello Wealth Management and legally changed its name in 2021. There is no account minimum.
1900 Wealth, a fee-only firm, has two certified financial analysts (CFAs), one certified financial planners (CFP), one personal financial specialist (PFS) and two certified public accountants (CPAs) on staff.
1900 Wealth Background
1900 Wealth was founded in 2015 as Monticello Wealth Management. The firm is wholly owned by Jefferson Bank, an independent community bank that serves the San Antonio area.
1900 Wealth 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.
1900 Wealth Investment Strategy
1900 Wealth's investment strategies center on the use of low-cost exchange-traded funds (ETFs). The firm chooses funds that represent domestic and foreign markets across a range of asset classes. According to 1900 Wealth, “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.
Teamwork Financial Advisors, LLC
Teamwork Financial Advisors is a fee-only firm primarily serving individuals and high-net-worth individuals. The firm’s other client types include pensions and profit sharing plans, trusts, estates, charitable organizations and corporations.
For advisory fees, Teamwork primarily earns its compensation from a percentage of each client’s assets. The firm doesn’t have a minimum account size requirement. Teamwork’s staff features two accredited investment fiduciaries (AIFs), two certified financial planners (CFPs) and two retirement income certified professionals (RICPs).
Teamwork Financial Advisors Background
Formed in 2012 by Douglas R. Moe, Teamwork specializes in financial planning, consulting, portfolio management and advisor selection services. Since earning his law degree, Moe has focused his practice in the areas of estate, tax and financial planning. He remains the firm's sole owner.
In addition, Teamwork clients can also take advantage of the firm’s retirement income strategies, life insurance, long-term care, charitable giving, estate planning and tax planning services.
Teamwork Financial Advisors Investment Strategy
This firm formulates its investment advice using several analytical methods, including fundamental analysis, technical analysis, charting analysis and cyclical analysis. Its key investment strategies include long-term purchases, short-term purchases, frequent trading, short sales, margin transactions and option writing, according to its firm brochure.
Teamwork mainly invests in mutual funds, exchange-traded funds (ETFs) and individual stocks and bonds.
PAX Financial Group
PAX Financial Group, a fee-based advisor, has the fourth-most in assets under management (AUM) on our list. With no account minimum, PAX primarily works with non-high-net-worth individuals, but its client base also includes individuals with high net worths.
The firm has multiple financial advisors on staff, including five certified financial planners (CFPs), along with one accredited investment fiduciary (AIF) and three chartered financial consultants (ChFCs). In addition to being an investment advisor, PAX is also an insurance agency. So even though the firm is a fiduciary, some advisors can earn commissions for selling 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 a board member and financial advisor. The rest of the firm's shares are split between PAX employees.
PAX offers a number of services to individuals. That could mean planning for retirement, choosing life insurance, planning 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, pension 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 Investment Strategy
PAX Financial Group creates portfolios for 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, 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 or beat the market. An individual portfolio could consist of domestic and foreign stocks, mutual funds and bonds.
TPB Wealth Advisors, LLC
TPB Wealth Advisors, a fee-only firm, takes fifth place on our list of the top financial advisory firms in San Antonio. Known as Aspireon Wealth Advisors, LLC until March 2022, TPB Wealth's client base is mostly comprised of individuals, both with and without high net worths. The firm also serves trusts, estates, charities and corporations.
TBP Wealth does not have a minimum account size, but it prefers to work with clients with at least $1 million in investable assets. As a fee-only firm, Aspireon only charges asset-based advisory fees and other fixed fees.
TPB Wealth Advisors Background
Originally known as The Bank of San Antonio Wealth Advisors, LLC, the firm began operations in 2009. Today, it is a wholly owned subsidiary of Texas Partners Bank, LLC, which is owned by Southwest Bancshares, Inc. TPB Wealth also owns two entities that control several private funds that its clients may access.
In addition to those private funds, TPB Wealth offers discretionary portfolio management and financial planning, which includes cash flow analysis, personal budgeting, retirement planning, education planning and business investment analysis. For the convenience of certain clients, TPB Wealth also offers non-discretionary investment accounts.
TPB Wealth Advisors Investment Strategy
Before TPB Wealth selects investments, it drafts an investment policy statement for clients and assesses their income and growth objectives, as well as their risk profile. Asset allocation is then tailored to meet those particular needs.
The firm may use a variety of individual investment strategies, including long-term purchases, short-term purchases, trading, short sales, margin transactions and option writing. Additionally, TPB Wealth employs charting, fundamental, technical and cyclical forms of analysis when evaluating investments.
Martin Capital Advisors, LLP
New to the list this year and ranking sixth, Martin Capital Advisors is a fee-only firm whose client base includes high net worth individuals, trusts, charitable foundations, businesses and pension and profit sharing plans. As a fee-only firm, Martin Capital may charge asset management fees, hourly fees, and fixed fees -- but not commissions. Minimum account size is $250,000.
The firm's team of advisors includes two chartered financial analysts (CFAs), one certified financial planners (CFP), and one certified public accountant.
Martin Capital Advisors Background
In business since 1989, Martin Capital is primarily owned by managing partner Paul Martin. The firm provides portfolio management services on a discretionary basis, individually managing client accounts, and provides financial planning services on request and free of charge for its clients.
Martin Capital Advisors Investment Strategy
The firm invests client assets mainly in stocks, bonds and cash, in pursuit of long-term investment returns. The guiding belief behind the company is that asset allocation is the dominant factor in determining portfolio performance and that common stock risk diminishes over time. As a result, Martin Capital offers five types of portfolios from which clients can choose that may best reflect the client's risk tolerance and objectives. These include both passive and active management types.
Brent Forrest & Associates, LLC
Brent Forrest & Associates is another small firm with a limited staff of advisors, including two certified financial planners (CFPs). The firm mostly 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 commissions for selling certain securities and insurance products. Being a fee-based advisor does not change the fact that the firm is a fiduciary, however, and must put the client's best interest first.
Brent Forrest & Associates Background
Founded in 1995 by Brent Forrest, the firm is owned by its president Priscilla McKinley and client advisors Esmond Pabilona and Anders Storvik. McKinley has worked in the financial services industry since 1987, becoming an independent investment advisor in 1996.
Brent Forrest & Associates’ services include assessing a client's overall financial situation, planning for retirement, planning an estate, determining life insurance needs and minimizing tax obligations.
Brent Forrest & Associates Investment Strategy
When investing a client’s money, Brent Forrest & Associates believes that asset allocation is one of the key factors that affect the long-term rate of return on an investment portfolio. It looks to create client portfolios that are diversified across multiple asset classes, including both domestic and foreign securities, and a balance of growth and value stocks.
Brent Forrest & Associates actively manages its clients’ portfolios. The firm explains on its website that it prefers an active approach, which requires intensive first-person research, than a passive approach reliant on index investing.
Texas Legacy Wealth Management
Texas Legacy Wealth Management, No. 8 on our list, serves mostly individuals, though high-net-worth individuals, charitable organizations and businesses are clients as well. With several financial advisors on staff, the firm employs four certified financial planners (CFPs) and two chartered financial analysts (CFAs).
Account minimums for investment management services generally range from $15,000 to $250,000, depending on the plan a client chooses.
As a fee-based financial advisor, Texas Legacy Wealth Management does accept commissions for selling securities and insurance products. 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 was founded in 2006 by Enzo T. Pellegrino and has been registered as an investment advisor since 2011. Pellegrino, who currently serves as the firm’s president, has over 20 years of experience working in financial services. The firm is owned by TLHC, LLC.
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 Investment Strategy
The firm employs several different investment strategies, including long-term purchasing, short-term purchasing and trading. Texas Legacy Wealth Management primarily invests in individual stocks or bonds, exchange-traded funds (ETFs), mutual funds and other securities.
When choosing which equities to recommend and invest in, Texas Legacy Wealth Management uses 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.
Financial Life Advisors
Financial Life Advisors, the ninth-rated firm in San Antonio, has a client base that includes individuals, high-net-worth individuals, pensions, profit-sharing plans, and charitable organizations. As a fee-only firm, Financial Life Advisors may charge asset management fees, hourly fees, and fixed fees -- but not commissions. There is no set account minimum for advisory services.
The firm's team of advisors includes four certified financial planners (CFPs), one accredited investment fiduciary (AIF), one certified public accountant, one chartered retirement planning counselor, a chartered financial analyst, and one certified trust and fiduciary advisor.
Financial Life Advisors Background
In business since 2003, Financial Life Advisors is owned by KFBG Holdings, LLC, which is jointly owned by Benjamin Gurwitz and Kirk Francis. In addition to financial planning and asset management, the firm also offers analysis of existing assets and investments, retirement planning, business succession and exit planning, as well as advisory services related to estate planning, education funding, risk management and other areas.
The firm manages a majority of its client's assets on a discretionary basis, meaning it has the authority or discretion to manage portfolios without consulting clients when making individual decisions. However, Financial Life Advisors does offer non-discretionary portfolio management.
Financial Life Advisors Investment Strategy
The firm invests client assets in a variety of securities including exchange-listed securities and those traded over the counter, corporate debt, municipal securities, mutual fund shares and U.S. government securities.
Financial Life Advisors typically researches and evaluates investments using fundamental, technical and cyclical methods of analysis. The firm's investment strategies primarily rely on long-term purchases (holding securities for over a year) and trading (selling securities within 30 days).
SWBC Investment Company
SWBC Investment Company has one of the lowest assets under management of any firm on the list, but cracks the top 10 with one of the best clients-to-advisor ratios. This fee-based firm works with individuals, high-net-worth-individuals, pensions, profit-sharing plans, and charities. There is no set minimum to maintain an advisory account with SWBC Investment Company.
The firm's team of advisors includes one certified financial planner (CFP), two chartered financial consultants (ChFCs), three chartered life underwriters (CLUs), two chartered retirement planning counselors and one chartered financial analyst (CFA).
Many of the firm's advisors are also licensed insurance agents and/or representatives of a broker/dealer and can earn commissions on certain transactions. As a result, SWBC Investment Company is considered a fee-based firm, but maintains its fiduciary duty to serve its clients' best interests despite the potential conflict of interest the sale of insurance and financial products may create.
SWBC Investment Company Background
Since 2007, SWBC Investment Company has served as the advisory division of SWBC, an international financial services company. Controlled by Charles Amato and Gary Dudley, SWBC Investment Company offers clients financial planning, portfolio management, pension consulting. The firm also offers a wrap program and Vault Program -- a digital advisory service exclusively available online.
SWBC Investment Company manages portfolios on a discretionary basis. While the firm has a staff of advisors, it also uses sub-advisors not directly employed by SWBC Investment Company.
SWBC Investment Company Investment Strategy
SWBC Investment Company customizes its investment advice and strategies to fit its clients' financial situations. The firm determines investments and asset allocations based upon a client's goals, risk tolerance, time horizon, liquidity needs and other factors.
Like many other firms, SWBC Investment Company relies on a variety of methods of analysis to evaluate investments, including charting analysis, fundamental anaylsis and technical analysis. The firm may engage in long-term purchases, short-term purchases, trading and option writing.