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. Find an Advisor||$3,315,927,400||$1,000,000|| || |
|2||Covenant Find an Advisor||$1,488,083,100||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Titleist Asset Management, Ltd. Find an Advisor||$332,718,600||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Monticello Wealth Management, LLC Find an Advisor||$319,166,200||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||PAX Financial Group Find an Advisor||$278,315,700||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Brent Forrest & Associates, LLC Find an Advisor||$273,356,500||$500,000|| || |
|7||Texas Legacy Wealth Management Find an Advisor||$192,800,000||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|8||One Advocate Group Find an Advisor||$188,000,000||$250,000|| || |
|9||Kercheville Advisors, LLC Find an Advisor||$180,547,700||$250,000|| || |
|10||Strategic Financial Concepts, LLC Find an Advisor||$176,980,800||$250,000|| || |
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. 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 nine chartered financial analysts (CFAs), six certified financial planners (CFPs), two certified divorce financial analysts (CDFAs), one certified public accountant (CPA) and one accredited investment fiduciary (AIF).
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, charitable organizations, government entities and corporations.
South Texas Money Management is a fee-only firm.
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 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 is the second of two financial advisors on this list with more than $1 billion in assets under management (AUM). The firm has $1.48 billion in AUM. It has five certified public accountants (CPAs), as well as three chartered financial analysts (CFAs), six certified financial planners (CFPs) and more. The firm's founder, John D. Eadie, holds all three of the aforementioned certifications.
Covenant primarily serves corporate executives and business owners, but it also works with individuals, institutions, trusts and estates. The firm has no account minimum.
Covenant 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 five of the firm’s 16 advisors are CPAs, it is no surprise that Covenant also offers tax preparation and bookkeeping services.
Covenant Investing Strategy
Covenant 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. has $332 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, 9% of the firm’s clients are non-U.S. persons, which is one of the highest percentages on this list.
Titleist Asset Management has 11 advisors on staff, including two certified financial planners (CFPs), one chartered financial consultant (ChFC), one chartered life underwriter (CLU) and one chartered advisor for senior living (CASL). 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 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.
Monticello Wealth Management, LLC
Monticello Wealth Management, LLC employs a four-person advisory staff. The firm handles just over 300 clients, but it still has $319 million in assets under management (AUM).
There is no account minimum at Monticello Wealth Management. Almost three-quarters of the firm’s clients are individuals. The firm does serve other types of clients though, such as high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and corporations.
Monticello Wealth Management, LLC Background
Monticello Wealth Management was founded in 2015. The firm is wholly owned by Jefferson Bank, an independent community 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 has $278 million in assets under management (AUM). It has no account minimum. Over 93% of PAX’s clients are individuals. However, it also offers serves high-net-worth individuals, small businesses, corporations, pension and profit-sharing plans, banks, thrift institutions, charitable organizations and state and municipal government entities.
The firm has seven financial advisors on staff. Four of them are certified financial planners (CFPs), along with two accredited investment fiduciaries (AIFs) and one chartered financial consultant (ChFC). 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 a commission 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 president of the firm. The rest of the firm's shares are split between PAX's employees.
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.
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 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 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. None of the advisors at Brent Forrest & Associates hold any advisory certifications.
Brent Forrest & Associates, LLC Background
Brent Forrest & Associates was founded in 1995 by Brent Forrest. Forrest serves as the firm’s managing director and he shares ownership with Priscilla McKinley, the firm’s 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.
Texas Legacy Wealth Management
Texas Legacy Wealth Management has $193 million in assets under management (AUM). With seven financial advisors, the firm has a relatively large staff for an operation of its size. Of those seven, two are certified financial planners (CFPs) and one is a chartered financial analyst (CFA).
The firm serves mostly individuals, though high-net-worth individuals, charitable organizations and businesses are clients as well. Receiving a written financial plan will generally cost at least $500. Investment management plans generally have an account minimum of $15,000 - $250,000.
Texas Legacy Wealth Management is a fee-based financial advisor, so it 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 is one of the youngest firms on our list. It was founded in 2006 by Enzo T. Pellegrino. He currently serves as the firm’s president and has around 20 years' experience in financial services.
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.
One Advocate Group
One Advocate Group currently has $188 million in assets under management (AUM). While the firm serves a variety of clients, including trusts, estates, charitable organizations and corporations, the majority of its clients are individuals and high-net-worth individuals. There is a $250,000 account minimum to become a client of One Advocate Group.
The firm has three financial advisors to its name, making it one of the smallest firms on this list in terms of staff size. This trio of advisors includes one chartered financial analyst (CFA) and one certified financial planner (CFP).
It’s also worth noting that One Advocate Group is a fee-based advisor. This indicates that the firm and its advisors can receive a commission for selling insurance products. One Advocate still maintains its fiduciary duty, though, legally binding it to act in clients' best interests at all times.
One Advocate Group Background
One Advocate Group was founded by Thomas Oliphint in 2001, and he's the sole owner of the firm to this day. Oliphint is a veteran of the financial advisory business, having spent over 30 years between One Advocate and Mass Mutual Financial Group.
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 has $180.5 million in assets under management (AUM). It predominantly serves individuals. In fact, over half of the firm’s clients are individuals. Kercheville Advisors also serves high-net-worth individuals, investment companies, pension and profit-sharing plans, 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 three advisors on staff. One is a certified financial planner (CFP) and the other 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 and president 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.
Strategic Financial Concepts, LLC
In terms of staff size, Strategic Financial Concepts, LLC is the second-largest firm on this list. Like the top firm on this list, South Texas Money Management, Strategic Financial Concepts has 30 advisors on staff. However, only one of those advisors holds a chartered financial analyst (CFA) designation. The firm has $177 million in assets under management (AUM).
More than 90% of Strategic Financial Concepts’ clients are individuals. Other types of clients include high-networth individuals, pension and profit-sharing plans, 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.