10 Best Financial Advisors in Texas (for 2019)

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Ryan Friend

September 4, 2019  •  5 min read

Texas, being one of the largest and second most populated states in the nation, naturally has many individuals like yourself who have a need for wealth management. And there is nothing wrong with needing help with these matters: the financial world is far too complex and keeping track of all the nuts and bolts of it is a full-time job. Fortunately, there are wealth advisors and financial advisory services to help guide you and your family forward while you enjoy a slice of Texas life, whether you live in HoustonDallasFort WorthPlano, or somewhere else entirely.

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

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Here are our picks for the top five financial advisors in Texas:

1) Avalon Advisors, LLC

Avalon Advisors, LLC is a financial advisory firm with a large staff under its name and nearly $6.6 billion in assets under its management. Founded in 2001, Avalon has grown over the years and you can expect them to remain stable in changing times, taking the global, big-picture perspective you would expect from this kind of firm. They’ll be able to prepare for your financial future in uncertain times, and even help keep cash flow even.

They prefer a collaborative approach to providing advice, and you will be working with experts no matter who you talk to. You can expect a long-term approach. On staff, they have a few certified financial planners (CFPs), quite a few certified financial analysts (CFAs), and other financial consultants available to help.

Avalon Advisors, LLC is a fee-based firm that requires a $10 million minimum investment.

You can expect the following working with Avalon Advisors, LLC:

  • A heavy amount of experience from their team which they will utilize to preserve your wealth.
  • A global perspective that keeps you and your assets connected with the rest of the world.
  • Additional provided resources and help so you can remain fiscally educated.

2) Tolleson Private Wealth Management

Tolleson Private Wealth Management is easily comparable to Avalon, as they have $5.6 billion in assets under their management. More than two decades old with years of experience, Tolleson specializes in helping clients with their investment portfolios but they also provide a wide variety of other services to improve financial lives. If you need it, chances are they can help.

They focus on a family-oriented approach to wealth management, and they are a firm that places a lot of emphasis on their independence from outside influences.

Tolleson Private Wealth Management is a fee-only firm that requires at least $10 million in investable assets to work with.

You can expect the following working with Tolleson Private Wealth Management:

  • Extensive experience working with wealthy, high-value clients.
  • A comprehensive strategy that results in a plan for your assets that leaves no gaps.
  • The ability to manage the larger financial picture for your family, including trusts and generational wealth concerns.

3) South Texas Money Management, Ltd.

With about $3.3 billion in assets under management, South Texas Money Management, Ltd. is a firm with enough advisors and wealth managers to ensure you get the right fit and an organization that focuses heavily on the individual. It’s a great choice for anyone in San Antonio looking for close attention for their goals and asset management.

It’s a more personal and communicative firm than most, and they have strong values which put more trust into the relationship than you might immediately expect from an advisor.

South Texas Money Management is a fee-only firm that requires a $1 million minimum investment.

You can expect the following working with South Texas Money Management:

  • A focus on building a long-term relationship with you.
  • An investment management strategy that focuses on a mixture of assets.
  • Open communication and honesty with you and your family when it comes to portfolio management.

4) Linscomb and Williams

financial planning firm founded in 1971 that has nearly under $3 billion in assets under its management, Linscomb and Williams is a great choice for those looking for advisement and services along the retirement and tax planning side of things rather than strictly an investment strategy. Their clients are long-term, and their financial services are renowned and respected.

Based on our assessment, you can rely on them to work with you to find a unique approach to your goals and problems. They will take the time to get to know you and work with you when it comes to comprehensive financial planning and investment advice, an approach not used often enough.

Linscomb and Williams is a fee-only firm that requires a $1 million account minimum. They do have ties to Cadence Bank (who owns Linscomb and Williams), but they earn no commissions that we can find.

You can expect the following working with Linscomb and Williams:

  • Superb risk-management and retirement planning so you can rest easy and prepare for maintaining retirement income.
  • A new and unique approach to every client. Nothing is taken for granted.
  • A full assessment of your situation which will inform the financial advice and guidance you receive.

5) Quest Capital Management

There are many larger and more resourceful firms that we could have picked for the number five spot, but we chose Quest Capital Management due to its accessibility and willingness to work with individuals that are experiencing success but don’t have the high-net-worth required by our other selections.

With $1.03 in assets under management, they are a firm that is stable and successful, but they cater to working professionals and those still building their wealth who are looking for financial guidance. They focus on your life’s goals and how you can financially reach them, looking into the long-term.

Quest Capital Management is a fee-based firm that requires only $25,000 to open an account.

You can expect the following working with Tolleson Private Wealth Management:

  • A needs-focused approach to your finances, whether that means retirement, building savings, or your children’s education.
  • A plan that extends to the rest of your life, and even estate planning for afterwards.
  • Plenty of resources to help you learn more about the financial world.

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

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Personal finance and financial management can be difficult, and it can be equally difficult to find an investment advisory firm or financial planner you can trust to guide you towards your financial goals and act in your best interests. We recommend doing further research and making calls to find the best fit for you, but we’re confident that one of the above five options will be a great fit for you. Just make sure that they are in your area and that you’re comfortable working with them. We wish you the best in finding a financial advisor and with them peace of mind for years to come!