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 near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Covenant Find an Advisor||$1,814,204,141||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Sendero Wealth Management Find an Advisor||$1,223,823,547||$5,000,000|| || |
|3||Monticello Wealth Management, LLC Find an Advisor||$723,400,879||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Strategic Financial Concepts, LLC Find an Advisor||$541,352,558||$250,000|| || |
|5||Titleist Asset Management, Ltd. Find an Advisor||$536,992,549||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Brent Forrest & Associates, LLC Find an Advisor||$412,715,205||$500,000|| || |
|7||PAX Financial Group Find an Advisor||$305,665,970||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Kercheville Advisors, LLC Find an Advisor||$294,317,559||$250,000|| || |
|9||Texas Legacy Wealth Management Find an Advisor||$254,599,760||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|10||Aspireon Wealth Advisors, LLC Find an Advisor||$250,971,000||$1,000,000|| || |
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. All information is accurate as of the writing of this article.
Covenant tops our list with billions in assets under management (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 Investment 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).
Sendero Wealth Management
Sendero Wealth Management, LLC has the second-largest amount in assets under management (AUM). The fee-only firm has a wide range of advisors serving more than 1,000 non-high-net-worth individuals, high-net-worth individuals, charitable organizations, families and endowments.
Sendero Wealth’s staff of advisors also offers several qualifications, including the certified financial planner (CFP), chartered financial analyst (CFA) and certified public accountant (CPA) designations.
For its advisory services, the firm mainly charges asset-based fees and fixed fees. Sendero Wealth requires that each client have a minimum of $5 million in investable assets.
Sendero Wealth Management, LLC 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.
Sendero Wealth currently offers portfolio management, financial planning, selection of other advisors and educational seminars/workshops.
Sendero Wealth Management, LLC 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.
Monticello Wealth Management, LLC
Monticello Wealth Management, LLC handles just over 300 clients, but it still has hundreds of millions 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. Investment 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.
Strategic Financial Concepts, LLC
In terms of staff size, Strategic Financial Concepts, LLC is the fourth-largest firm on this list. Of its team of advisors, only one holds a chartered financial analyst (CFA) designation.
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 Investment 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.
Titleist Asset Management, Ltd.
Titleist Asset Management, Ltd. has millions 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 a decent number 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. Investment 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 is another small firm with a limited staff of advisors. 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 Investment 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.
PAX Financial Group
PAX Financial Group has the seventh-highest amount 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 multiple financial advisors on staff, including four 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 Investment 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.
Kercheville Advisors, LLC
Kercheville Advisors 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 Investment 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.
Texas Legacy Wealth Management
Texas Legacy Wealth Management has millions in assets under management (AUM). With several financial advisors, the firm has a relatively large staff for an operation of its size. Of those advisors, 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 Investment 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.
Aspireon Wealth Advisors, LLC
Finishing off our list is fee-only firm Aspireon Wealth Advisors, LLC. Aspireon requires prospective clients to have at least $1 million to establish an advisory relationship. For its advisory services, the firm is compensated through asset-based fees and fixed fees.
Aspireon currently serves nearly 300 clients, including individuals, high-net-worth individuals, pooled investment vehicles, charitable organizations, pension and profit sharing plans, trusts, estates and corporations.
Aspireon Wealth Advisors, LLC Background
Founded in 2009, Aspireon specializes in portfolio management, financial planning and selection of other advisors. The firm’s financial planning services focus on areas such as retirement planning, estate planning, education planning, tax planning and more.
Aspireon Wealth Advisors, LLC Investment Strategy
Aspireon says it works to develop and implement an asset allocation which is tailored to each client’s risk budget and goals. When conducting investment research and selecting securities, the firm applies fundamental analysis, technical analysis, charting analysis and cyclical analysis.
Aspireon also employs a number of investment strategies, including long-term purchases, short-term purchases, trading, short sales, margin transactions and option writing.