Finding a Top Financial Advisor Firm in Southlake, Texas
If you're looking for a financial advisor in Southlake, Texas, we can help make your search a little easier. In order to help you make your choice, we did extensive research on the top firms in the city. We compiled information on the types of advisory services offered by each firm, as well as their client bases, financial certifications, account minimums and more. You can also try using SmartAsset's free financial advisor matching tool to find more advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Clintsman Financial Planning Find an Advisor||$508,599,590||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Mills Wealth Advisors, LLC Find an Advisor||$292,818,848||$500,000|| || |
|3||TL Private Wealth Find an Advisor||$282,638,789||$1,000,000|| || |
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|4||Solutions 4 Wealth Find an Advisor||$143,351,811||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Corps Capital Advisors, LLC Find an Advisor||$142,041,000||$10,000,000|| || |
|6||Riley Private Client LLC Find an Advisor||$112,000,000||$500,000|| || |
|7||Provident Financial Planning, LLC Find an Advisor||$107,200,589||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Southlake, 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.
Clintsman Financial Planning
Clintsman Financial Planning is the top financial advisor firm on our Southlake list. The firm and its team of financial advisors oversee assets for a client base comprised solely of individuals. These individuals are split nearly evenly between those with and without a high net worth. The firm does not impose a minimum asset requirement for new clients.
This is a fee-only firm, meaning it receives income solely from client-paid fees. A fee-based firm operates differently, receiving commissions and other forms of third-party compensation in addition to standard charges.
Clintsman Financial Planning Background
Bryan Clintsman founded Clintsman Financial Planning in 2002, and he remains with the firm to this day. He is also still the principal owner and he holds a certified financial planner (CFP) designation. Every other advisor at the firm is also a CFP.
Clintsman provides comprehensive financial planning and portfolio management services to clients. This includes the creation, implementation and continuous monitoring of all financial plans and investment strategies. The firm does not manage any assets on a non-discretionary basis.
Clintsman Financial Planning Investment Strategy
Clintsman Financial Planning focuses on providing investment strategies that are tailored to the objectives of each of its clients. Factors that influence these investment decisions include their financial goals, time horizon and risk tolerance. The firm also takes note of each client's current financial situation, such as their income levels and tax burdens. Advisors help with all facets of investing, asset allocation determination, asset selection, portfolio monitoring and more.
While the firm tends to stick to mutual funds, fixed-income securities, equities and exchange-traded funds (ETFs), it sometimes turns to other investments to help diversify certain portfolios when necessary. Advisors at Clinstman uses a combination of modern portfolio theory (MPT) and fundamental analysis to inform their investment decisions. They generally implement strategies using a long-term horizon.
Mills Wealth Advisors
The next firm on our list of the top financial advisors in Southlake is Mills Wealth Advisors. Across the small advisory staff here, you'll find two certified financial planners (CFPs), one certified fund specialist (CFS) and one chartered life underwriter (CLU).
The firm's client base is relatively diverse, though it primarily works with high-net-worth and non-high-net-worth individuals. It maintains advisory relationships with pension and profit-sharing plans, pooled investment vehicles, businesses and charities as well. The firm's account minimum is $500,000.
A fee-only firm only receives income from clients directly, but as a fee-based firm Mills Wealth Advisors works a bit differently. In its case, the firm earns commissions from insurance sales in addition to basic advisory fees. Despite this potential conflict of interest, the firm is still a fiduciary, meaning it is legally bound to act in your best interest at all times.
Mills Wealth Advisors Background
Firm president Mike Mills is the principal owner of Mills Wealth Advisors, which he founded in 2012 after working in the private wealth management sector for over a decade. He is a CLU, CFP and CFS.
This firm provides financial planning and consulting services, along with asset management, to its national network of clients. It places a strong emphasis on advising clients through life events, such as retirement or starting a business. As a result, it takes a personal approach to all of its services.
Mills Wealth Advisors Investment Strategy
Mills Wealth Advisors works with clients to determine their investment goals, risk tolerance, time horizon and other important factors so that advisors can properly provide investment advisory services for them. Depending on your ability to stomach risk and volatility, advisors may invest your assets in one or more model portfolios that are precreated by the firm. This is as opposed to a situation where the firm fully customizes a strategy to your needs and goals.
This firm's advisors trade both public and private investments, but they namely invest in mutual funds, exchange-traded funds (ETFs), real estate, stocks, fixed-income securities and structured products. Model portfolios typically consist of low-cost mutual funds as well as ETFs. The firm implements investment strategies using long- and short-term purchases, margin transactions and options writing. Additionally, the team will continually monitor and rebalance your portfolio, looking to effectively diversify and reduce risk while allocating assets according to your ultimate financial goals.
TL Private Wealth
TL Private Wealth has a client base that's comprised entirely of individuals. Of these clients, about half of them don't have a high net worth, with the rest coming in above the high-net-worth threshold. To work with this firm, you'll need a minimum of $1 million in investable assets. However, under certain circumstances, the firm may waive or adjust this requirement.
TL is a fee-based firm, as some of its advisors can earn commissions from the sale of insurance products to clients. Despite the potential conflict of interest this creates, the firm abides by fiduciary duty, legally obligating it to act in the best interests of clients at all times. A fee-only firm, by contrast, earns compensation solely through client-paid fees.
TL Private Wealth Background
Founded in 2013, TL Private Wealth is one of the younger firms on our list. Managing partners Dustin Richard Tondre and Brad Little are the firm's principal owners and co-founders. Both Tondre and Little are certified financial planners (CFPs), and they have ample experience in the financial services industry. This firm also operates a secondary office in Frisco, Texas.
This firm has a range of offerings, from investment supervision and management to financial planning. The latter can relate to topics like investment planning, life insurance planning, tax planning, retirement planning, college planning and debt planning. The firm manages the vast majority of its assets on a discretionary basis.
TL Private Wealth Investment Strategy
TL Private Wealth's investment strategies are tailored to the individual needs of clients. At the beginning of each client relationship, advisors create an investment policy statement (IPS) that highlights and outlines their income, tax requirements, risk tolerance, time horizon and other important factors. Clients are also permitted to impose reasonable restrictions on how their money is managed, though there are some limits to this feature.
In order to best analyze potential investment opportunities, the firm utilizes charting and fundamental, technical and cyclical methods of analysis. Advisors typically use a variety of mutual funds, equities, bonds and fixed-income securities, exchange-traded funds (ETFs), real estate investment trusts (REITs), insurance products, annuities and government securities to build out portfolios for clients. That being said, advisors may use other investments and asset classes when appropriate.
Solutions 4 Wealth
Solutions 4 Wealth is a newcomer this year and ranks fourth on our list of the top financial advisors in Southlake. The firm primarily works with non-high-net-worth and high-net-worth individuals. It maintains advisory relationships with pension and profit-sharing plans, trusts and estates.
As a fee-based firm, Solutions 4 Wealth may earn commissions from insurance sales in addition to basic advisory fees. Despite this potential conflict of interest, the firm is still a fiduciary, meaning it is legally bound to act in your best interest at all times. There is no set account minimum.
Solutions 4 Wealth Background
Solutions 4 Wealth was founded in 2002 and became a Registered Investment Advisor in 2007. Its principal owners are Donald and Melissa Hatcher.
This firm provides financial planning and asset management to its advisory clients. It has developed several products to help guide individuals, including a Life Evaluation Profile, Personal Financial Census, Investment Ffilter and Diversification Strategy.
Solutions 4 Wealth Investment Strategy
Solutions 4 Wealth works with clients to determine their investment goals, risk tolerance, time horizon and other important factors so that advisors can properly determine the best investment profile for them. Depending the client's profile, advisors may invest your assets in one of ten portfolios that are precreated by the firm. The firm adheres to a long-term "buy and hold" strategy, stating that managers cannot consistently choose individual stocks that will outperform their respective markets. As such, Solutions 4 Wealth advises potential clients that the company's strategy will likely lose out on short-term market up- and down swings. The firm is best suited for long-term investment returns.
Corps Capital Advisors
Corps Capital Advisors is the most exclusive firm on this list, as it requires a $10 million minimum account size for new clients. However, the firm may decide to waive this minimum in certain situations. Even so, the firm's client base is comprised of only about 31 clients, with nearly half of them being ultra-high-net-worth individuals. Corps Capital also works with non-high-net-worth individuals and a pooled investment vehicle.
This firm is a multi-family office, which means it offers comprehensive advisory services to its clients. This involves tax and accounting services, trust and estate planning, portfolio management, custody lending and more.
Corps Capital Advisors is a fee-based firm, which mean certain on-staff advisors can receive commissions for insurance sales. Despite this arrangement, the firm's fiduciary duty requires it to act in clients' best interests.
Corps Capital Advisors Background
Corps Capital Advisors is the most recently founded firm on this list, as it was established in 2018. The firm is a wholly-owned subsidiary of Mingo Private Investments, LLC, which is in turn owned by Corps Capital's founder, Thomas Morgan, Jr.
None of the advisors at this firm hold an advisory certification, such as chartered financial analyst (CFA) or certified financial planner (CFP).
Corps Capital Advisors Investment Strategy
Corps Capital Advisors tailors every portfolio it makes to the individual needs of its family office clients. Factors that the firm takes into account include the client's net worth, income levels, risk tolerance, investment goals, time horizon, tax situation, liquidity needs and more. Once the client's assets are invested, the firm will perform regular supervision and make changes based on market conditions.
While this firm is technically open to investing in a number of different securities, it tends to invest in mutual funds, individual equity and fixed-income securities, exchange-traded funds (ETFs) and private investments. The firm tends to invest using a long-term approach.
Riley Private Client LLC
Riley Private Client is the youngest firm on this list and also has the highest ratio of clients to advisor. The firm works exclusively with individuals, most of whom do not have a high net worth.
This fee-based firm boasts a very small team, with one chartered financial consultant (ChFC) and one chartered life underwriter (CLU).
With a registered insurance agent and broker/dealer on staff, Riley Private Client is considered a fee-based advisory firm because it may earn compensation for sales of securities. It's important to note that the firm is a fiduciary and must act in its clients' best interests despite this potential conflict of interest. The firm's account minimum is $500,000.
Riley Private Client Background
The youngest on the list, Riley Private Client was founded only two years ago by Chief Investment Officer William Eugene Riley Jr.
The firm offers financial planning, portfolio management and a wrap fee program, which charges clients a single fee for a suite of services. The firm manages assets solely on a discretionary basis.
Riley Private Client Investment Strategy
Generally speaking, Riley Private Client's investment strategies are based on fundamental, technical and cyclical methods of analysis, as well as charting. Other strategies may include long-term purchases, short-term purchases, trading and option writing. Client objectives and risk tolerance ultimately inform the strategy chosen.
Provident Financial Planning, LLC
Provident Financial Planning, a fee-only firm, is the smallest on this list of top financial advisors in Southlake, since it is wholly operated by principal owner Paul Michel. Provident Financial Planning has no minimum requirements to open an account but works primarily with high-net-worth individuals. Paul Michel is a certified financial planner (CFP).
Provident Financial Planning Background
Provident Financial planning was founded in 2017 by Paul Michel. He holds a a designation as a CFP and previously worked at Fidelity Investments as a Financial Consultant.
The firm specializes in working with clients who are new to wealth due to inheritance, completion of residency and business success. Paul has created hundreds of customized financial plans for high-net-worth families entering retirement and looking to accumulate and transfer wealth.
Provident Financial Planning Investment Strategy
Provident Financial Planning tailors its portfolios to meet the individual needs of its clients, managing the majority of its assets on a discretionary basis. Its focuses on helping you develop and execute plans that are designed to build and preserve your wealth.
Investment strategies focus on risk-adjusted long-term growth, income generation and wealth preservation. The firm bases its strategies on fundamental, technical and cyclical analysis, as well as modern portfolio theory (MPT).