There’s a certain comfort to the saying, “Everything’s bigger in Texas.” Texans love their options — though is there really any other football option than the Cowboys? If you’re searching for a trusted and qualified financial advisor, however, all the financial advisors in Dallas could start to feel overwhelming. How do you choose with so many professionals?
MagnifyMoney’s done the hard work for you. We’ve gone through reams of regulatory findings to identify the best financial advisors in Dallas to ease your search. For this list, we only considered firms that offered financial planning and worked with individuals just like you. You can even read up on our detailed methodology used to build this list if it suits you.
But or now, let’s giddy-up and get into our list of the best financial advisors in Dallas. While you’ll always be the best judge of the best advisor for you, we’re just glad our list can help you find your ideal match.
How much would you like to invest?
|Firm name||Minimum assets required||Fee structure|
|Tolleson Private Wealth Management||$10 million|| |
|RGT Wealth Advisors||$3 million|| |
|CH Investment Partners, LLC||No minimum, but $40 million is generally expected|| |
|Southern Wealth Management LLP||$1 million|| |
|Level Four Advisory Services||Varies by program, starting at $10,000|| |
|True North Advisors, LLC||$2 million|| |
|Texas Capital Bank Private Wealth Advisors||$1 million|| |
|Advisor Resource Council||No minimum|| |
To start our list of the best financial advisors in Dallas, we have Tolleson Private Wealth Management. Founded in 2000, the firm is owned by John Tolleson, who serves as the firm’s executive chairman. It is a subsidiary of Tolleson Wealth Management, a multifamily office that also provides private banking, tax and bookkeeping services. Its only office location is in Dallas.
Primarily serving high net worth clients, Tolleson Private Wealth Management provides wealth management, financial planning, investment strategy, tax and bookkeeping, trust and estate planning and private banking services. The firm also offers advisory services to estates, trusts, foundations, a group of private investment funds and trust accounts at Tolleson Private Bank and National Philanthropic Trust. It generally requires a minimum account size of $10 million.
Tolleson Private Wealth Management uses quantitative data, qualitative information and interviews with its investment managers to determine its investment advice. Rather than evaluating the performance of specific investments, the firm focuses on each client’s overall investment goals and objectives to shape an asset allocation strategy.
Portfolios may consist of exchange-traded funds (ETFs), mutual funds, separately managed accounts, fixed income investments and limited partnerships, with a focus on protecting assets and minimizing taxes. The firm also offers exclusive, private investment funds to its clients.
Tolleson Private Wealth Management reports no disclosures. All registered investment advisors are required to disclose any disciplinary history in their Form ADV paperwork filed with the SEC. This includes any civil, regulatory or criminal events involving the firm, its employees or its affiliates within the last 10 years.
For more information, visit Tolleson Private Wealth Management’s Investment Adviser Public Disclosure (IAPD) page.
Founded in 1985, RGT Wealth Advisors provides investment management, financial planning and family office services. The firm primarily serves high net worth individuals — who the SEC defines as those with at least $750,000 under management or a net worth of at least $1.5 million — but its clients also include individuals who don’t meet this definition as well as trusts, estates, charitable organizations and private funds.
Its only office location is in Dallas.
RGT Wealth Advisors believes in taking a long-term, customized approach based on clients’ goals, risk profile and need for income growth. The firm creates client portfolios that consist of various asset classes, including mutual funds, ETFs, balance funds partnerships and outside account managers. When appropriate, it may also use hedge funds, private equity investments and other partnerships.
RGT Wealth Advisors has an investment committee that is responsible for monitoring its approved investments and evaluating potential new investment opportunities.
RGT Wealth Advisors reports no disciplinary history. The SEC requires all registered investment advisors to report their disciplinary history — including any civil, criminal or regulatory events involving the firm, its employees or its affiliates over the last 10 years — in their Form ADV paperwork. For more information, visit the firm’s IAPD page.
CH Investment Partners, LLC was established in 2019, having previously operated as a division of Crow Holdings Capital Partners, LLC, a real estate investment and development firm. CH Investment Partners is now primarily owned by Michael Silverman and Kirk Rimer, who are co-presidents of the firm.
The firm provides services including portfolio management, financial planning, investment selection and advice, family office services and consulting. Its clients are primarily high net worth individuals and families, though it also is capable of serving pooled investment vehicles, estates, trusts, foundations, endowments, charitable organizations and corporations.
In addition to its office in Dallas, the firm has a location in Tulsa, Okla.
CH Investment Partners states that all of its investment strategies are chosen specifically for the ultrahigh net worth. The firm bases its investment recommendations around diversification, appropriate liquidity terms and fee structures.
Investments used in client portfolios generally include global equities, hedge funds, private equity and direct investments, master limited partnerships, real estate and fixed income. CH Investment Partners typically advises clients to invest in one of its funds or underlying funds.
CH Investment Partners reports no legal or disciplinary history. This includes any civil, criminal or regulatory events over the last decade involving the firm, its employees or its affiliates. For more information, view the firm’s IAPD page.
Southern Wealth Management LLP has been offering its services since 2005. Richard Jones, the firm’s managing partner, alongside Thomas Gile and Michael Olson, both of whom are partners at the firm, are Southern Wealth Management’s primary owners. In addition to the firm’s office in Dallas, it has offices in San Antonio and New Orleans.
Southern Wealth Management offers a full range of services, including investment portfolio design and management, general financial planning, estate planning, business succession planning, tax services, life insurance strategy, philanthropic planning and family office services.
With its $1 million account minimum requirement, all of the individual investors that Southern Wealth Management serves qualify as high net worth, meaning they have at least $750,00 under management or a net worth of at least $1.5 million. It also works with trusts, retirement plans, pension and profit-sharing plans, charitable organizations and various business entities.
Southern Wealth Management creates portfolios that include equities, bonds and mutual funds, with the asset allocation based on each client’s individual needs and goals. The firm bases its recommendation on a variety of methods of analysis as well information gleaned from financial publications, corporate rating services, annual reports and company press releases.
Instead of quarterly or annual portfolio reviews, which most firms offer, Southern Wealth Management believes in continuous evaluation throughout the year.
Southern Wealth Management reports no legal or disciplinary history. This means that it has a record free of any civil, regulatory or criminal events within the last 10 years involving the firm, its employees or its affiliates. All registered investment advisor firms are required to report such incidents in their Form ADV paperwork filed with the SEC. For more information and to view the firm’s Form ADV, visit Southern Wealth Management’s IAPD page.
Established in 2005, Level Four Advisory Services is owned by Level Four Group, which is ultimately owned by Carr, Riggs and Ingram, LLC. Level Four Advisory Services’s branch offices — of which it has 70 across the country in addition to its Dallas headquarters — do business under various individual names.
The firm’s advisory services include asset management, financial planning, risk management, business services and retirement plan services. The firm serves both individuals who are and are not high net worth, as well as pension and profit-sharing plans, trusts, estates, insurance companies and businesses.
Level Four Advisory Services takes a team approach to advising its clients, though individual advisors may use differing investment strategies and methods of analysis.
As the firm’s name states, there are four levels to the service it provides: organize, create, plan and communicate. The firm primarily uses a strategic asset allocation strategy when it comes to investments, which means it buys and holds assets rather than actively trading them. Other investment strategies used include tactical asset allocation, long- and short-term purchases and trading.
Level Four Advisory Service does not report any disclosures in the last 10 years. This means its record is clean of any civil, regulatory or criminal events involving either the firm or its employees or affiliates. The SEC requires all registered investment advisors to report such incidents within the last 10 years on their Form ADV paperwork. For more information, visit Level Four Advisory Services’ IAPD page.
True North Advisors was founded in 2000 by Scott Wood, the firm’s current CEO, and Mark Gehlbach, who serves as president. In addition to its headquarters in Dallas, True North Advisors has a location in Fort Worth, Texas.
The firm offers financial planning, investment management consulting and portfolio management. It serves individuals who are and are not considered high net worth individuals (meaning they have at least $750,000 under management or a net worth of at least $1.5 million), though it generally prefers portfolios of at least $2 million. Additionally, True North Advisors works with trusts, estates, charitable organizations and businesses.
True North Advisors believes in value-oriented investment strategies, such as those championed by influential investors like Warren Buffet and Benjamin Graham. This involves choosing investments that are less expensive than other similar investments and seem to be trading for less than their value with the hope that their price will increase in the future.
The firm focuses on diversification and generally divides client assets among cash, equities, fixed income and alternative investments. While True North relies mostly on active management, it also includes passive investments in portfolios when they make sense. The firm’s investment policy committee, which is made up of five voting members, makes decisions regarding asset allocation and the selection of managers.
True North Advisors reports no disciplinary history. This includes any civil, criminal or regulatory events involving either the firm or its employees or affiliates. For more information, visit True North Advisors’s IAPD page.
Texas Capital Bank Wealth Management Services, also known as Texas Capital Bank Private Wealth Advisors, was formed in April 2012. The president of the Private Wealth division of Texas Capital Bank is Alan Miller.
The firm provides financial planning, portfolio management, wealth strategy and family governance consultation to high net worth individuals, trusts, foundations, endowments and corporations including family-operated businesses. Advisors generally present a financial plan to clients for consideration.
Advisors for Texas Capital Bank Wealth Management Services use a wide range of asset classes and strategies, some of which are sourced from outside managers and may include mutual funds, ETFs and separately managed accounts.
Common investment vehicles include common stock, fixed income securities, mutual funds (including money market mutual funds), convertible securities, options, real estate investment trusts (REITs), structured notes, master limited partnerships and limited partnership interests. Portfolio construction and allocation decisions are made by an investment committee.
Texas Capital Bank Wealth Management Services does not report any disciplinary disclosures on their form ADV — the SEC mandates that firms report any regulatory or criminal action taken against the firm or their advisors within the last decade. You can get more information about Texas Capital Bank Wealth Management Services by visiting their IAPD page.
Advisor Resource Council was founded in 2012 when two wealth management firms, Faubourg Private Wealth and 360 Wealth Management, merged. Advisor Resource Council is owned by a group of seven employees.
The firm’s services include asset management, financial planning and consulting, retirement plan consulting and referrals to third-party money managers. The firm serves individuals, including high net worth individuals, as well as retirement plans, charitable organizations and businesses.
In addition to its headquarters in Dallas, the firm has more than 50 independent advisor offices (each individually named) across the country to whom they provide services.
Each of the Advisor Resource Council’s investment advisor representatives may use varying investment strategies. Because of this, the firm recommends that clients ask their specific advisor how they analyze investment opportunities, what investing strategies they use and what the level of risk involved is.
In general, however, Advisor Resource Council’s investment strategies include long- and short-term purchases, margin transactions and option writing. Investment recommendations typically include mutual funds, ETFs, stocks, bonds, options, fee-based variable annuities, unit investment trusts, structured products and limited partnerships.
Advisor Resource Council does not report any disciplinary history. For reference, the SEC requires all registered investment advisors to report any disclosures — including any civil, criminal or regulatory actions against the firm, its employees or its affiliates in the last 10 years — on their Form ADV paperwork. You can get more information on the firm by visiting Advisor Resource Council’s IAPD page.
There is no state income tax in Texas. There is also no state inheritance tax or estate tax. Residents of Texas are, however, subject to federal inheritance and estate taxes, and they may have to pay inheritance tax if they inherit from someone who lives in a state that does have an inheritance tax.
While most financial advisors can provide at least some assistance with retirement planning, if that’s your primary goal, then you want to make sure you choose a financial advisor who has deep experience in the area, as not all financial advisors specialize in this. Make sure to ask the advisor about their background, certifications and other key questions to ensure you select someone who can best help you meet your financial goals both now and in the future.
Beyond asking an advisor directly how they are compensated, you can also look up a firm’s Form ADV to learn more about their fee structure, which you can find by searching on the IAPD database. A search tool like those offered by NAPFA or Garrett Planning Network can also guide you directly to fee-only financial advisors.
In general, to make sure an advisor will put your best interest first, you’ll want to find a fee-only financial advisor rather than a fee-based advisor. Fee-only advisors receive payments solely from their clients. Fee-based advisors, on the other hand, may receive payment from other sources, such as commissions on products they sell to clients, which can create a conflict of interest.
Fiduciary financial advisors in Dallas and throughout the United States are legally and ethically bound to put their clients’ best interest first. Advisors who aren’t fiduciaries follow a suitability standard, which means they must make recommendations that are “suitable” for you but they’re also allowed to make a profit for themselves that may be at their clients’ expense. Choosing a fiduciary financial advisor means you know that your advisor is working with your best interest in mind.
In our search for the best financial advisors in Dallas, we looked at firms throughout the state. All the firms considered are bound by fiduciary duty, registered with the Securities and Exchange Commission (SEC) and offer individual account management and financial planning services. Information for our methodology criteria is taken directly from each firm’s most recent Form ADV filing and brochure, found in the IAPD database.
To localize our results for this list of the best financial advisors in Dallas, we exclusively looked at firms that met the above criteria and had their headquarters in Dallas, per the address provided in the Form ADV. We only considered those firms that offer financial planning services and portfolio management to individual investors. To be considered for this list, firms also could have no more than one disciplinary disclosure in the past 10 years. From there, the remaining firms that met all of the above stipulations were ranked in order of highest to lowest AUM, as this is an indication of a firm’s size and how many assets it has been entrusted to manage.
Our reviews have also listed several other key features that will help you determine which financial advisor may be most fitting for your investing style and financial needs. While our ranking system and methodology can help you compare firms, it does not indicate which firm may be best for you. All information here is accurate as of January 26, 2022, but don’t hesitate to check out any firm’s Form ADV for yourself on the SEC’s Investment Advisor Public Disclosure site.
The “Find a Financial Advisor” links contained in this article will direct you to webpages devoted to MagnifyMoney Advisor (“MMA”). After completing a brief questionnaire, you will be matched with certain financial advisers who participate in MMA’s referral program, which may or may not include the investment advisers discussed.