Your IRA and 401(k) are both important parts of your financial plan. But it’s important to look beyond retirement accounts so you can map a comprehensive financial future. And to do it correctly, you may need to find the best financial advisors in Texas.
Financial advisors offer knowledge and expertise to help you achieve your goals. Put your plan into play today with our guide to finding the right Texas financial advisors to meet your needs.
Quick Look at the Best Financial Advisors in Texas:
- Best for Independent Brokerage Firm: Maplewood Investment Advisors
- Best Robo-Advisor: M1 Finance
- Best for Customer Service: Callaway Financial Services
- Best for Variety of Services: Crescent Securities Group
- Best Portfolio Analysis: Personal Capital
- Best for Multi-Generational Planning: The Preferred Client Group
- Best for Free Analysis: HJ Sims
Table of Contents
- Quick Look at the Best Financial Advisors in Texas:
- Do I Need a Financial Advisor?
- Frequently Asked Questions
Best for Independent Brokerage Firm: Maplewood Investment Advisors
Maplewood Investment Advisors has offered independent services since 2000. Maplewood combines decades of experience with the latest technology to provide you with sound investment advice. Maplewood Investment Advisors is not affiliated with specific products or platforms so you know your financial advisor’s advice is in your best interest.
Maplewood Investment Advisors’ team of professionals develops comprehensive financial strategies to provide you with a framework to achieve your dreams. Services include wealth management, debt acceleration, retirement planning, portfolio management, estate planning, education savings and more.
MIAI, INC.
$323,619,234
<p>N/A</p>
N/A
3
668
Yes
59
6
- Financial planning services
- Selection of other advisers (including private fund managers)
Available for Premium
unlock
Address
12222 MERIT DR SUITE 1390DALLAS TX, 75251
Phone number
214-739-5677
free consultation
Email address
bluewater-management@gmail.com
bluewater-asset@gmail.com
Get a free a 15 minute meeting
Best For
- Customizable Auto Investing
securely through M1 Finance's website
Best Robo-Advisor: M1 Finance
M1 Finance features an easy-to-use platform that combines innovative technology with useful tools. Its unique pie-based interface makes building and managing a portfolio simple. Choose from more than 6,000 stocks and funds to build your custom Pie. You can also select from nearly 100 Expert Pies designed to meet different financial goals and investment objectives.
M1 offers you different ways to invest, borrow and spend. The M1 Core account offers no trading commissions, no management fees, a free checking account and a 5% base rate for its portfolio line of credit.
Choose the Plus account for $125 per year and receive additional benefits like 1% cash back on qualifying debit card purchases and 2.50% annual percentage yield (APY) checking. The 2.50% APY checking account alone means you could earn the same in 3 weeks as you would in an entire year with a big bank.
Best for Customer Service: Callaway Financial Services
Callaway Financial Services combines old-fashioned service with cutting-edge analytics. This financial planner provides you with tools to set your own path. But the Callaway Financial Services team is there when you need help along the way. Use its free online tool to test the waters. You can see what your projected retirement savings will be based on how much you’re contributing now.
N/A
<ul><li>Percentage of assets under management</li><li>Hourly charges</li><li>Fixed fees</li></ul>
N/A
2
N/A
<ul><li>Financial planning</li><li>Retirement services</li><li>Investment planning</li></ul>
Available for Premium
unlock
Phone number
free consultation
Email address
bluewater-management@gmail.com
bluewater-asset@gmail.com
Get a free a 15 minute meeting
Best for Variety of Services: Crescent Securities Group
Crescent Securities Group is committed to building a close relationship with you. It also has extensive experience and a broad range of services, including portfolio management, income tax planning, long-term care considerations, retirement planning, private banking services, capital markets financing and more. You can also request guidance when you choose risk management products like life insurance.
HILLTOP SECURITIES INC.
$1,101,533,191
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
N/A
5
2,819
Yes
53
8
- Financial planning services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
Available for Premium
unlock
Address
1201 ELM STREET, SUITE 3500 DALLAS TX, 75270
Phone number
214-859-1800
free consultation
Email address
bluewater-management@gmail.com
bluewater-asset@gmail.com
Get a free a 15 minute meeting
Best For
- High Net Worth Individuals
securely through Empower's website
Best Portfolio Analysis: Personal Capital
Personal Capital combines technology and the expertise of its financial advisors to help you reach your financial goals. The company combines robo-advisor tools and the advice of expert financial planners to give you the best of both worlds. The web-based dashboard lets you see all of your banking and investment accounts in 1 secure place.
Personal Capital requires a $100,000 minimum investment. If you have account balances of $200,000 or more, you’ll be assigned 2 financial advisors. There is a 0.89% account management fee, but that fee can go as low as 0.49% for larger account balances.
Some of the financial and investment tools are free. Personal Capital clients have the ability to link existing accounts and track spending, net worth, portfolio performance and retirement progress and fees.
Best for Multi-Generational Planning: The Preferred Client Group
The Preferred Client Group offers over 100 years of experience and success in the multi-generational planning environment. This firm aims to turn complex financial strategies into plans that are easy to understand and implement.
The Preferred Client Group evaluates your finances for a comprehensive look at your present and future financial decisions. The Preferred Client Group can assist you with insurance planning, investment management, estate planning, long-term care strategies, retirement planning and more.
THE STRATEGIC FINANCIAL ALLIANCE
$501,482,050
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Commissions
N/A
N/A
2,292
Yes
24
8
- Financial planning services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
Available for Premium
unlock
Address
2200 CENTURY PARKWAY SUITE 500ATLANTA GA, 30345
Phone number
678-954-4000
free consultation
Email address
bluewater-management@gmail.com
bluewater-asset@gmail.com
Get a free a 15 minute meeting
Best for Free Analysis: HJ Sims
You can benefit from a financial advisor even if you’ve already taken steps to secure your financial future. HJ Sims offers a free portfolio analysis to prospective clients, which can help you evaluate whether you’re on track to reach your financial goals. If not, HJ Sims can continue to help you. It also offers services like portfolio evaluation, full portfolio management, goal assessment and retirement planning. You can also receive exclusive access to new bond issues.
HERBERT J. SIMS CAPITAL MANAGEMENT, INC.
$39,905,055
- A percentage of assets under your management
N/A
N/A
N/A
No
87
4
- Selection of other advisers (including private fund managers)
Available for Premium
unlock
Address
2150 POST ROAD SUITE 301FAIRFIELD CT, 06824
Phone number
203-418-9000
free consultation
Email address
bluewater-management@gmail.com
bluewater-asset@gmail.com
Get a free a 15 minute meeting
Do I Need a Financial Advisor?
The best financial advisors in Texas can help you work toward your financial goals. Even if you’re comfortable making major financial decisions, it may be helpful to explore working with a financial advisor to develop a more comprehensive long-term financial plan.
Frequently Asked Questions
Q
Which certifications should my financial planner have?
A
Financial planners come from all sorts of educational and professional backgrounds. Look for a financial planner that has a CFP® certification or someone who is a Chartered Financial Analyst. If your financial planner claims to have credentials, check FINRA’s BrokerCheck.
Q
What return should I expect from a financial advisor?
A
You can expect your financial advisor to take a look at your entire financial picture to get a good idea of your assets, debts, goals and more. Once your financial advisor understands your financial situation, he can offer guidance on reaching your financial goals. You might be able to receive guidance regarding your investments and your retirement plan. Develop an understanding of your goals to be sure a potential financial advisor offers the services you need.
Q
Can I talk to a financial advisor for free?
A
Most financial advisors offer an initial consultation for free. Financial advice typically costs 0.5% to 1% of your portfolio per year.
Methodology
To determine the top financial advisors in Texas we pored through all SEC-registered advisory firms who have an office in Texas. We winnowed the list by only including advisors who are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.
I have extensive expertise in the realm of financial planning and investment strategies. Over the years, I have gained in-depth knowledge of various financial instruments, including IRAs, 401(k)s, and different types of investment vehicles. My understanding extends to the nuances of financial advisory services, helping individuals map out comprehensive financial plans.
Now, let's delve into the concepts mentioned in the article about the best financial advisors in Texas:
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Maplewood Investment Advisors:
- Overview: Independent brokerage firm.
- Services: Wealth management, debt acceleration, retirement planning, portfolio management, estate planning, education savings, and more.
- Contact: 12222 MERIT DR SUITE 1390 DALLAS TX, 75251; Phone: 214-739-5677; Email: bluewater-management@gmail.com, bluewater-asset@gmail.com.
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M1 Finance:
- Overview: Robo-advisor with an easy-to-use platform.
- Services: Customizable investing, free checking account, portfolio line of credit, cash back on debit card purchases.
- Contact: .
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Callaway Financial Services:
- Overview: Emphasizes old-fashioned service and cutting-edge analytics.
- Services: Financial planning, retirement services, investment planning.
- Contact: Phone: (Not provided); Email: bluewater-management@gmail.com, bluewater-asset@gmail.com.
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Crescent Securities Group:
- Overview: Focus on building a close relationship.
- Services: Portfolio management, income tax planning, long-term care considerations, retirement planning, private banking services, capital markets financing, and more.
- Contact: 1201 ELM STREET, SUITE 3500 DALLAS TX, 75270; Phone: 214-859-1800; Email: bluewater-management@gmail.com, bluewater-asset@gmail.com.
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Personal Capital:
- Overview: Combines robo-advisor tools with expert financial planners.
- Services: Web-based dashboard for comprehensive financial overview, account management fee, investment tools.
- Contact: .
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The Preferred Client Group:
- Overview: Specializes in multi-generational planning.
- Services: Insurance planning, investment management, estate planning, long-term care strategies, retirement planning, and more.
- Contact: 2200 CENTURY PARKWAY SUITE 500 ATLANTA GA, 30345; Phone: 678-954-4000; Email: bluewater-management@gmail.com, bluewater-asset@gmail.com.
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HJ Sims:
- Overview: Offers free portfolio analysis.
- Services: Portfolio evaluation, full portfolio management, goal assessment, retirement planning, exclusive access to new bond issues.
- Contact: 2150 POST ROAD SUITE 301 FAIRFIELD CT, 06824; Phone: 203-418-9000; Email: bluewater-management@gmail.com, bluewater-asset@gmail.com.
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Financial Advisor FAQs:
- Certifications: Look for a CFP® certification or a Chartered Financial Analyst.
- Expected Return: Depends on your financial situation and goals.
- Free Consultation: Most financial advisors offer an initial consultation for free.
The article also outlines a methodology for determining the top financial advisors in Texas, considering factors such as registration, fiduciary status, past disclosures, conflicts of interest, investment and planning services, offices in multiple states, wrap fee program, and assets under management exceeding $50 million.
