2020-2021 RANKING & REVIEWS
BEST FINANCIAL ADVISORS IN DALLAS, TEXAS
Find the Best Financial Advisors in Dallas, Texas for Charting Your 2020-2021 Financial Path
Being on solid financial footing is important in an uncertain world. Whether you’re trying to fund a future retirement or looking for expert guidance in a rocky stock market, the right financial advisor in Dallas, TX can make a huge difference.
While not all Dallas investment management firms offer the exact same depth of services, the city offers a variety of registered investment advisors (RIAs), financial planners, and wealth managers to meet just about anyone’s needs.
But, when searching on “wealth management Dallas” or “financial advisors Dallas, TX,” you’re bound to get many results. How do you know where to start?
There are several questions you can ask that will help you narrow down your choices and land on the best Dallas financial planner for your specific financial goals.
- Do they earn commission on financial products?
- Am I within their minimum asset level?
- Does their fee structure work for me?
- Does this financial advisor in Dallas, Texas specialize in the financial services I need?
A search for the best wealth management firm in Dallas can be very time consuming if you’re doing it on your own. Typing “financial advisors Dallas, TX” into Google brings up over 18,000,000 results.
Wouldn’t it be better to get at least a short list to start from?
AdvisoryHQ helps narrow down your options by conducting a detailed analysis of wealth managers, financial planners, and investment advisors in Dallas, Texas. This short list provides you with a more efficient starting point for your search.
Below, you’ll find 11 of the best financial advisors in Dallas, TX to choose from. You’ll also see valuable information on each one, including highlights of what makes each financial management firm stand out as a top pick for 2020-2021.
Award Emblem: Best 11 Financial Advisors in Dallas, TX
Top 11 Financial Advisors in Dallas, Texas | Brief Comparison & Ranking
Best Wealth Management Firms in Dallas, TX
|Beaird Harris Wealth Management, Inc.|
|Chessman Wealth Strategies|
|Clintsman Financial Planning|
|Global Wealth Advisors|
|Heritage Financial Planning|
|HFS Wealth Management|
|Paradigm Advisors, LLC|
|SFMG Wealth Advisors|
|Tolleson Wealth Management Investment|
|True North Advisors|
Table: Top 11 Best Financial Advisors in Dallas, Texas | Above list is sorted alphabetically
How Can I Narrow Down My Search for the Best Dallas Financial Advisors?
Choice is a good thing, and you have several great options when looking for the best Dallas, TX financial advisor.
But it can be challenging to know where to start to hone down your selection to perhaps 3-5 to seriously consider. To make your search for “wealth management, Dallas area” more effective, it helps to know some differentiators to look for.
Here are a few key questions that you can ask when reviewing the Dallas wealth management firms on this list. They’ll help you more easily zero in on the firms that are your best match.
What Is Their Typical Clientele?
When searching for someone to help with wealth management in Dallas, you won’t want to choose a firm that only works with assets over $5,000,000 if your investment level is below that. So, you should look for details on a firm’s typical clientele.
Some financial advisors in Dallas work with high-net-worth individuals and families and will have minimum account levels in the millions of dollars.
Other financial planners in Dallas, TX specialize in retirement planning for all asset levels or provide package services for people new to wealth management that just want to get started on the right track.
This is a key question to start off with when seeking a Dallas financial advisor, so you’re matched with the best firm for your wealth range.
Does My Financial Situation Fit Their Experience?
Some Dallas financial advisors specialize in wealth planning after a death or divorce (transitions). Others work with entrepreneurs and business owners. Your current life situation and goals for the future will have a big impact on your financial planning strategies.
Make sure to speak with a potential financial planner in Dallas about your current situation, whether you’ve recently changed jobs, received an inheritance, or anything else pertinent to your financial planning goals so you can see if they’re a good fit.
They’ll generally let you know at that first consultation about their experience working with clients with similar situations, financial planning needs, and future goals.
Are They Fee-Based, Fee-Only, or a Fiduciary?
It’s important to know the difference between these three terms and whether a Dallas financial advisor is fee-only or fee-based. Both types can also be a fiduciary. Here is a primer on these three terms.
- Fee-Based Dallas Financial Advisor: A fee-based financial advisor, financial planner, or asset manager may receive part of their compensation in the form of a commission or incentive for recommending certain financial products that are provided by other financial services firms.
- Fee-Only Dallas Financial Advisor: Fee-only financial advisors do not accept any commission for recommending a product or service that is provided by a bank, broker-dealer, investment firm, mutual fund, insurance company, or from any other source. Their only compensation is the fee they receive from you, the client.
- Fiduciary: Fiduciaries are legally bound to be transparent and always act in the best interest of the client.
AdvisoryHQ leans toward firms that are fee-only because they do not have any inherent conflicts of interest since they do not accept commissions for selling products or services.
However, there are fee-based firms that are also fiduciaries, which offers an extra level of trust that they will consider a client’s best interests first when making financial recommendations.
As you review this top-rated list of Dallas financial advisory firms, you’ll find information that will help answer the questions above and give you a better feel for which firms may be the best match for your requirements.
Once you’ve honed down this list of 11 financial advisors in Dallas, TX to the ones that are your best match, it’s a good idea to see if they offer a complimentary consultation. This allows you to speak with them directly and get a better feel for the advisors.
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2020-2021 AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Wealth Management Firms in Dallas
Below, please find the detailed review of each firm on our 2020-2021 list of best wealth management firms in Dallas. We have highlighted some of the factors that allowed these Dallas financial advisors to score so high in our selection ranking.
Click on any of the names below to go directly to the review section for that firm.
- Beaird Harris Wealth Management
- Chessman Wealth Strategies
- Clintsman Financial Planning
- Global Wealth Advisors
- Heritage Financial Planning
- HFS Wealth Management
- Lee Financial
- Paradigm Advisors, LLC
- SFMG Wealth Advisors
- Tolleson Wealth Management
- True North Advisors
Click below for previous years’ rankings:
- 2019 Review: 10 Best Financial Advisors & Wealth Management Firms in Dallas, TX
- 2018 Review: Top 10 Financial Advisors & Wealth Management Firms in Dallas
- 2017 Review: Top 9 Financial Advisors in Dallas
- 2016 Review: Top 10 Financial Advisors in Dallas
Beaird Harris Wealth Management Review
Initially being recognized as a top Dallas-Fort Worth CPA firm, Beaird Harris Wealth Management became a welcome expansion in 1996. This independent Registered Investment Advisor in Dallas balances growth with the ability to maintain a personal touch with its clients.
The firm is a fee-only, fiduciary wealth management firm in Dallas, TX. For those looking for both tax and investment management, they’ll find Beaird Harris advisors have a wealth of experience with both areas.
This Dallas financial planner works with individuals and families, businesses, and healthcare professionals in practices of all sizes. The firm has over 1,675 client relationships in 37 states.
Key Factors That Enabled Beaird Harris to Rank as a Top Wealth Management Firm in Dallas
Tax Services Specialization
Beginning as a CPA firm is an excellent asset for clients searching for a great wealth management firm that offers the full package of tax management plus investment and financial planning.
Beaird Harris is a wealth management firm in Dallas that fully understands the importance of tax considerations and can help clients navigate through a challenging tax landscape with ever-changing regulations and complex rules.
Tax implications can significantly impact any solid financial plan. You may realize above-average returns, but without fully understanding tax implications, a hefty portion of your earnings or the money you set aside for your heirs could end up being paid out in taxes unnecessarily.
The Dallas financial planners at Beaird can create a strategic tax plan that will fit in perfectly with your wealth management goals. Their tax expertise covers:
- Federal tax returns
- State tax returns
- Gift tax returns
- Trust tax returns
- Non-profit tax returns
- Tax planning
- IRS representation
- Sales tax returns
- Resolution of IRS notices
- Estate tax returns
Proactive multi-year tax planning through Beaird Harris & Co, P.C. can help ensure a more holistic and integrated strategy for financial planning with Beaird Harris Wealth Management, Inc.
Young Professionals Program
Not all wealth management firms in Dallas, TX cater to young professionals that are just starting their work and financial journey. This is a specialty clientele area of Beaird Harris.
For young high-income earners, this financial advisor in Dallas offers the Young Professionals Program, which is designed to put individuals on the path to firm financial footing by getting started early.
The firm’s Young Professionals Program assists clients that are committed to saving a minimum of $8,000 per month with effectively building wealth throughout their life including paying off student loans, financing a home, and saving for retirement.
The Dallas financial planners at Beaird Harris will help young people with a fully synergistic financial planning experience that goes beyond traditional tax and wealth management.
Those in the Young Professionals Program can expect to receive the following services from their top-rated financial advisor in Dallas:
- Tax Services
- Investment Management
- Financial Planning
- Family Office Services
2020-2021 Ranking of Best Financial Advisors, Dallas, TX
The top-rated accounting services of Beaird Harris give the firm’s investment advisory arm a solid edge over the competition. The integration of tax services, financial planning, and wealth management offers clients a fully holistic package.
This Dallas wealth management firm additionally has a history of garnering industry accolades. A few of its more recent recognitions include Texas Monthly Five Star Wealth Managers and Forbes Top 100 Registered Investment Advisors.
The additional specialty services offered by this Dallas financial advisory firm, such as the Young Professionals Program and its focus on financial services for healthcare professionals offer a great fit for many looking for personalized financial planning.
With a strong background of integrity and excellence and the ability to maintain close client relationships, Beaird Harris earns a 5-star rating as a top Dallas investment management firm to consider in 2020-2021.
Chessman Wealth Strategies Review
Chessman Wealth Strategies is an independent financial advisor in Dallas, Texas that is committed to making financial planning as easy as possible for its clients. The firm has a straight-forward fee structure, and advisors comprehensively explain investments.
Founded in 2004, this Dallas investment management firm works with affluent families, business owners, executives, and institutions throughout the U.S. The firm’s advisors proudly operate on Christian values and a commitment to providing personalized service.
In reviewing the ADV for this financial planner in Dallas, we found that the firm provides investment advisory services through Carson Partners, a division of CWM, LLC. This firm is a fee-based Registered Investment Advisor.
Key Factors That Enabled Chessman Wealth Strategies to Rank as a Top Wealth Management Firm in Dallas
While CWM, the investment advisory services entity that Chessman Wealth Strategies partners with is fee-based, it is also a fiduciary. This means that a firm has a legal obligation for complete transparency and to always put their client’s best interests ahead of their own.
When a Dallas investment management firm is a fiduciary, that is an excellent sign that its advisors uphold high standards.
This commitment creates a foundation of trust for client relationships and peace of mind that even if the firm is fee-based, it is committed to doing right by its clients, and advisors give investment advice only based upon client needs.
For those individuals that follow a faith-based path as Christians, they may find it comforting to align with a Dallas financial planner that shares those values.
These financial advisors in Dallas are affiliated with Kingdom Advisors, an organization of Christian financial advisors. Chessman advisors believe in the eternal significance of the decisions you make concerning the stewardship of the resources God has bestowed upon you, which gives them a unique perspective on financial guidance.
The Certified Kingdom Advisor® designation is one that indicates you’re working with a financial advisor that acts according to the higher standard found in scripture.
To earn this designation, advisors need to complete nine months of training and meet the high requirements of stewardship.
For clients seeking a Dallas financial advisor that shares their faith-based principles, the team at Chessman Wealth is a great option.
Top-Rated Wealth Management, Dallas, TX
With a focus on simplifying financial management, Chessman Wealth Strategies is a welcome change for those that find investments and financial planning complicated. In addition to taking a faith-based approach, the firm’s advisors also make personal connections a priority.
As a top financial advisor in Dallas, Chessman Wealth offers multiple free financial education resources, including tips for money management, successful wealth transfer, and more.
Though the firm provides wealth management in Dallas using a fee-based structure, they make a fiduciary commitment, which counteracts any potential conflict of interest.
Not all Dallas wealth management firms offer tax services, but Chessman is one that does. Their wide range of services include wealth management, financial planning, risk management, estate planning, tax planning, retirement planning, and business planning.
With a strong commitment to being excellent stewards for their clients and comprehensive financial planning, Chessman Wealth Strategies scores a 5-star rating as one of the best financial advisors in Dallas to work with in 2020-2021.
Clintsman Financial Planning Review
The team at Clintsman Financial Planning has over 60 years of combined experience providing financial planning in Dallas and the surrounding areas for people from all financial backgrounds.
Clintsman is a fee-only wealth management firm based in Southlake, Texas that focuses on providing clients with flexibility and affordability.
Setting themselves apart from other financial advisors in Dallas, the advisors at Clintsman believe in “old school” financial planning and maintain a wide background of expertise across multiple financial areas so they can best serve the needs of their clients.
Key Factors That Enabled Clintsman to Rank as a Top Wealth Management Firm in Dallas
Wide Range of Financial Planning Services
This wealth management firm in Dallas offers a broad array of financial planning services. Its team of Dallas financial advisors tailors their services to meet your needs, whether you have a few small questions or more long-term needs.
The team at Clintsman has some clients that check in with them a couple of times a year, and others that want more continuous contact. They can accommodate both, making them one of the best financial advisors in Dallas for a variety of client types.
Financial and life plans need to be flexible to accommodate life’s changes, and Clintsman Financial Planning offers the planning and flexibility you need to feel comfortable about your future. The firm’s services include:
- Personal financial planning
- Retirement planning strategies
- Cash flow spending plan
- College funding advice
- Stock option advice
- Lump-sum distribution advice
- Ongoing asset management
- Life and disability insurance needs analysis
- Second opinion on investments or current financial plan
- Financial seminars for the military, church, and civic groups
- Corporate employee financial education – seminars on 401(k), benefits, etc.
If you’re not sure what to expect when you visit a wealth management firm in Dallas, Clintsman’s website can help dispel any stress you may have due to uncertainty.
The firm’s site outlines the financial planning process clients can expect, so they’ll feel more comfortable when they make that first appointment.
Knowing the process up front before you meet with financial planners in Dallas can help you be ready with the appropriate paperwork or other financial information, saving you time.
The process entails the following.
- Initial Inquiry: Upon the first contact, receive a brief description of the fee structures, methodology, and philosophy.
- Get Acquainted Meeting: This free, one-hour conversation is a great way to share your goals, get introduced to services that are right for you, and receive an estimated fee quote.
- Data Gathering: If you decide to proceed, at this point your advisor will give you a list of additional financial data needed to get started on your financial plan – half of the estimated fee is also paid at this point
- Analysis & Plan Creation: Research and analysis are conducted to come up with specific recommendations and financial plan for your unique needs.
- Presentation: These Dallas financial advisors present the proposed plan, observations, and recommended action. The balance of the fee is due following the presentation.
- Implementation & Follow-up: Advice proposed during the presentation is put into action either on your own or in conjunction with your financial planner.
Top Financial Planners in Dallas – 2020-2021 Ranking
Clintsman Financial Planning provides people from all financial backgrounds access to financial guidance in a way that fits their needs best. This makes the firm one of the most accessible financial advisors in Dallas.
In addition to providing fee-only advisement, the firm takes a client-centric approach, making them one of the best financial advisors in Dallas to consider if you appreciate customized recommendations designed to fit your personal needs.
The firm’s flexibility with each client’s needs, no matter how small or large, is particularly notable. This is a Dallas investment management team that strives to serve everyone, no matter where they are on the financial spectrum.
With a wide range of services and a commitment to doing the best for its clients at all times, Clintsman Financial Planning earns a 5-star rating as a top financial planner in Dallas to consider for many financial needs.
Global Wealth Advisors Review
Offering a unique and holistic approach to wealth management, Global Wealth Advisors is a top-rated financial planning firm serving clients in Dallas-Fort Worth, Houston, the Midlands, and other areas.
The firm is fee-based and also a fiduciary, which means its advisors are legally obligated to always consider their client’s best interests first. Its advisors have over 100 years of combined financial planning experience.
The commitment to clients shows in the firm’s wealth of resources, including a free financial app, blog, newsletter and podcast. These Dallas financial advisors are dedicated to successfully guiding their clients through every stage of life.
Key Factors That Enabled Global Wealth Advisors to Rank as a Top Wealth Management Firm in Dallas
3P Planning Approach©
As a top wealth management firm in Dallas, Houston, and the Midlands, Global Wealth Advisors works to make the financial process as simple and straight-forward as possible for its clients.
The firm’s 3P Planning Approach© is based upon: Plan, Prosper, Protect. The plan follows the Certified Financial Planner™ practice standards and is designed to create a roadmap for financial success.
Clients looking for expert wealth management in Dallas can work with Global Wealth Advisors and go through this comprehensive six-step process to get their finances on the right track:
- Step One, Define the Relationship: During a free consultation, you’ll discuss your financial situation and goals in detail, and receive a quote.
- Step Two, Discovery: The advisors at this top Texas wealth management firm step into your shoes to understand views, attitudes, and behaviors governing your finances.
- Step Three, Analyze and Evaluate: A detailed analysis is done along with modeling of multiple ideas to land on the best path for your desired outcome.
- Step Four, Develop: You’re presented with your unique financial plan and the pros and cons of each strategy are discussed so you can make an informed decision.
- Step Five, Implement: This top financial advisor in Dallas takes a team-based approach to implement your plan.
- Step Six, Review: Ongoing review is done to ensure that your strategy still makes sense given any changing life situations or economic conditions.
Top-Rated 2020-2021 Financial Advisors, Dallas, Texas
Free Financial Resources
Financial management can be confusing, especially if you’ve never worked with a financial advisor in Dallas or anywhere else before. Global Wealth Advisors has made it a mission to provide free financial education resources to clients and everyone that visits its website.
This commitment to clarity in the wealth management world is admirable and can help many types of investors gain a deeper understanding of how to chart a better financial future.
Some of the resources and tools you’ll find offered by this top Dallas financial planner include:
- Your Money Momentum podcast
- Informative articles on a wide variety of financial topics
- Free financial planning app
- Video market updates
- Financial calculators
- Financial planning guides
If you’ve ever wanted to know more about investing and charting a sound financial path, Global Wealth Advisors goes above and beyond other Dallas financial advisors in arming you with actionable financial knowledge.
The firm’s team includes advisors with a wealth of experience in financial and investment management, and that hold a number of industry designations.
The digital tools provided by this top financial advisor in Dallas will be welcome by many investors that appreciate the ability to keep an eye on their financial strategy from any device, anytime they like.
One other unique aspect of this firm is the incorporation of behavior analysis into its financial planning and analysis. The firm’s team understands the importance of drilling down into behaviors to get to the heart of positive financial change.
With a commitment to financial education and transparency and a wide range of helpful resources, Global Wealth Advisors is awarded a 5-star rating and is one of the best financial advisors in Dallas to consider working with in 2020-2021.
Heritage Financial Planning Review
With a rich, unique blend of financial and technical expertise, Heritage Financial Planning is a top-rated financial advisor in Dallas, with additional offices in Grapevine, TX and Atlanta, GA.
HFP is a fee-only, fiduciary wealth management firm in Dallas. Its advisors believe in providing completely impartial financial guidance and do not receive any third-party commissions. They work solely for their clients.
The team at Heritage works to give their clients peace of mind when it comes to their financial future. Advisors build long-term relationships and enjoy working with clients that are interesting both personally and professionally.
Key Factors That Enabled Heritage Financial Planning to Rank as a Top Wealth Management Firm in Dallas
Transparent & Flexible Fees
As a fee-only financial advisor in Dallas, Heritage Financial Planning provides a transparent fee structure based on assets under management. The firm’s flexible fee structure allows clients to choose between hourly, fixed, or percentage of AUM.
According to the firm’s Form ADV, clients can expect to pay anywhere between 0.50% to 1.00% of AUM for financial planning services, depending upon the account size. For accounts over $50,000,000 fees are negotiable.
Interestingly, minimum annual fees for Asset Management Services will differ depending on the financial advisor that a client works with, ranging between $5,000 to $10,000. This flexibility offers clients the opportunity to work with these Dallas financial advisors at a range that is most comfortable for their situation.
Clients also have further flexibility to choose between hourly ($200/hour) and fixed-fee arrangements for financial planning and consulting services, the costs of which are clearly outlined in their ADV Part 2A.
The Heritage Financial Planning team is highly experienced in the financial industry, with senior members of the financial planning team holding the Certified Financial Planner™ designation, among other professional certifications, such as Chartered Financial Consultant (ChFC).
HFP’s robust team also includes a Wealth Enhancement Team, which includes a Social Security Specialist with over 33 years of experience working for the Social Security Administration.
Founder and Principal, Steve Blankenship, has over a decade of financial expertise through formal education, real-world experience, and his relationships with other award-winning financial advisors. He likes to think of each person’s financial planning goals as being as unique as their fingerprints.
Managing Director, Chad Smith, holds CFP®, ChFC, and CLU designations and has served high-net-worth clients for more than 20 years. His experience also includes appearing in well-known industry publications, such as The Wall Street Journal.
2020-2021 Ranking: Best Financial Planners in Dallas, TX
Heritage Financial Planning is a firm that has earned its clients’ trust by working to empower them and tailor financial solutions for their unique financial situations. The firm’s advisors take their fiduciary duties to heart and serve clients first and foremost.
Individuals looking for financial resources, will appreciate the tools and information provided by this top Dallas investment management firm. Website visitors will find helpful articles, calculators, videos, and presentations related to financial management.
The firm also has a free mobile app that allows clients to ask questions and receive useful notifications.
Its flexible fee options, experienced and dedicated team, and client-first commitment all helped to earn, Heritage Financial Planning a 5-star rating as one of the best financial advisors in Dallas to consider in 2020-2021.
HFS Wealth Management Review
Founded in 1994, HFS Wealth Management is a top financial advisor in Dallas, TX that brings an exceptional level of service and uncompromising integrity to each client relationship.
This fee-only financial advisor in Dallas works with individuals, families, business owners, and institutions helping to protect and manage wealth and chart a sound financial path.
If you’re looking to form a personal relationship with a Dallas wealth management firm, then HFS will be a great option. The firm’s advisors treat each client relationship as a trusted partnership and enjoy getting to know clients on a personal level.
Key Factors That Enabled HFS to Rank as a Top Wealth Management Firm in Dallas
A 3-Tiered Approach
With financial planning, consulting, and investment management at the forefront of its services, HFS gives clients the tools they need to create, execute, and manage their financial goals with a fully holistic strategy.
Following, includes a brief overview of what each tier includes when working with the Dallas financial advisors at HFS:
- Financial position
- Retirement and goal planning
- Estate planning
- Risk management
- Managing tax income
- Business planning
- Marital financial planning
- Complex estate planning strategies
- Foundation and endowment planning
- Protecting wealth/risk management
- Thinking outside the box/creative investing
- Marriage of investing with planning/holistic approach
- Three phase investment process (Asset Allocation/Strategy Selection/Manager Selection)
Convenient Digital Access
Looking for digital money management solutions? As a top-rated wealth management firm in Dallas, HFS puts your financial world just a few keystrokes away. Clients have anytime access to their financial information through online access points such as:
- HFS Wealth Management Dashboard: This is your control center of your “living” financial plan. Browse with complete security from a desktop or mobile device and manage your entire financial world. The system allows you to organize your finances while staying connected with your wealth manager.
- HFS Investment Portal: This tool gives you an insight into your investment portfolio managed by HFS Wealth Management, including investments offered by sister company, HFS Capital Partners. Holdings, values, expenses and income, gains and losses, deposits and withdrawals, and performance are updated daily.
- Custodian Account Access: HFS Wealth holds custodian accounts with Charles Schwab, TD Ameritrade, and Nationwide Accounts. You can log in for a variety of additional services such as your holdings, custodian statements, and tax information.
2020-2021’s Best Financial Advisors in Dallas
HFS Wealth has a dedication to providing clients with a complete package of holistic financial services that help them prepare for a successful future. The firm’s team is not only experienced but also completely dedicated to exceptional service.
The digital tools offered by this top firm give those looking for wealth management in Dallas just what they need to stay connected on the go. Clients can stay on top of their portfolio and keep in touch with their advisor for any questions.
With a focus on serving their clients’ best interests and delivering comprehensive, personalized, and easily accessible financial advice, HFS Wealth Management scores a 5-star rating and is a top Dallas financial planner to consider in 2020-2021.
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Lee Financial Review
Lee Financial has been serving families for over 40 years and helping them chart prosperous financial futures. The firm is proud of its history of innovation and being an industry leader.
This financial advisor in Dallas works on a fee-only basis, meaning the firm’s advisors do not accept any commissions from third parties for selling financial products. This fosters a more transparent relationship without conflicts of interest.
The firm’s client base includes a variety of high-net-worth individuals and families, including physicians, corporate executives, entrepreneurs, and non-profit organizations. The client minimum is at least $1.5 million in investable liquid assets or a combined annual income of at least $500,000.
Key Factors That Enabled Lee Financial to Rank as a Top Wealth Management Firm in Dallas
Founded on the premise that “the whole is greater than the sum of its parts” is Lee Financial’s WholeVision™ process. This process incorporates several areas of capital to provide an integrated financial planning process.
The four primary forms of capital that are integrated in the firm’s unique process are outlined below.
This is the non-tradable asset of each person as an individual. Through life experiences, job skills, and personal tastes and talents, each person holds their own human capital. This typically constitutes the largest contribution to each person’s future consumption and net worth.
Based on your human capital, this is a representation of financial assets that are invested to help you achieve long-term goals such as financial security, working capital for entrepreneurs, and support obligations.
This area represents the chosen lifestyle and personal rewards that people incorporate into their life. These costs usually evolve over time and are largely based on the success of human and financial capital.
Shared capital is the voluntary allocation of assets set aside for purposes such as family trust funds, philanthropic purposes, or for income or estate taxes.
Top Financial Advisors, Dallas, TX
Multiple Service Offerings
When a financial advisory firm offers several different services, it not only adds to the convenience but also can mean a more integrated financial strategy for clients.
This top wealth management firm in Dallas has a full offering of several financial planning and investment management services. This provides clients the convenience of a “one-stop-shop” for multiple financial needs.
Lee Financial’s comprehensive planning and investment services include:
- Goal definition
- Personal financial statements
- Education planning
- Tax planning
- Retirement planning
- Insurance planning
- Estate planning
- Business planning
- Inter-generational wealth transfer
- Charitable foundation management
- Philanthropic counsel
- Alternative assets
- Cash and other investments
- Private equity
- Real assets
- Real estate
- Tax-exempt bonds
- Taxable bonds
Lee Financial has a unique style and has been an innovator in the financial industry since its founding. The firm’s WholeVision™ approach focusing on the four types of capital set it apart from other Dallas financial advisors.
While, the firm may not work with all asset levels, for those clients that fall within its minimum asset level, it is an excellent option. The firm’s advisors strive to provide personalized and comprehensive financial management that takes all factors of a client’s life into consideration.
With a unique approach, a dedicated team of analysts, and a focus on keeping clients informed every step of the way, Lee Financial earns a 5-star rating as a top financial planner in Dallas to consider partnering with in 2020-2021.
Paradigm Advisors, LLC Review
Paradigm Advisors, LLC is one of the top Dallas wealth management firms that works with investors at all levels. The firm’s advisors believe in meeting “you where you are,” whether someone is just starting out or is a seasoned investor.
While the firm has offices in Dallas, Texas, and Fayetteville, Arkansas, it is a virtual practice. Technology gives the firm the ability to work seamlessly with clients around the world
Paradigm Advisors is a fee-only financial planning firm in Dallas and the firm’s advisors believe in being completely transparent with zero hidden fees.
You don’t have to worry about high minimum asset levels when working with this Texas wealth management firm. The firm recognizes that financial planning is appropriate at many different income levels and stages of life and welcomes clients of all types.
Key Factors That Enabled Paradigm Advisors to Rank as a Top Wealth Management Firm in Dallas
Accessible Financial Planning
When working with some financial advisors in Dallas, clients often need to meet high asset or income minimums. This not only limits the options for those seeking expert Dallas financial advisors, but it can also turn them off to financial planning altogether.
However, that is not the case with Paradigm Advisors. The firm’s principals believe that financial planning is appropriate for all asset levels and all walks of life. This philosophy provides important accessibility to wealth management.
Beyond assisting with long-term wealth management, Paradigm Advisors also provide guidance for special projects, where a client may not need a full financial plan, but rather wishes to address a specific life change or circumstance.
Comprehensive Services & Fees
As top-rated Dallas financial advisors, the team at Paradigm Advisors focuses on providing both insight and clarity around finances.
The comprehensive financial planning and investment management services provided by this top Dallas financial advisor include a holistic approach that is proactive and includes optimizing tax planning strategies.
Fee ranges for your initial financial plan, ongoing concierge service, and investment management are all clearly laid out on the firm’s website. This allows those comparing different financial planners in Dallas to easily compare rates and services up front.
2020-2021 Ranking: Best Wealth Management Firms in Dallas
The unique virtual approach that Paradigm Advisors has is particularly appropriate in today’s world and offers a level of convenience not found at all Dallas wealth management firms.
The firm’s team has over 25 years of experience and has worked in multiple areas of wealth management and financial planning. Team credentials include CFA®, CFP®, CPA, reflecting a well-educated group of advisors that are active in the financial industry
With a focus on client accessibility and comprehensive and transparent philosophy, Paradigm Advisors is awarded a 5-star rating as a top Dallas financial advisory firm to consider partnering with in 2020-2021.
SFMG Wealth Advisors Review
With a dedication to helping clients achieve financial confidence, SFMG Wealth Advisors is one of the top-rated Dallas financial advisory firms that operates on a core value of putting the client’s best interests first in all things.
The firm was founded in 1992 and is based in Plano, Texas. It is a fee-only wealth management firm in Dallas that offers a high-touch personalized experience for individuals and families.
As one of the best financial advisors in Dallas, SFMG Wealth Advisors has a team of experts that bring a diverse variety of viewpoints to the table. This helps the firm offer tailored, full-bodied financial strategies to its clients.
Key Factors That Enabled SFMG to Rank as a Top Wealth Management Firm in Dallas
Client Relationship Philosophy
SFMG has a simple philosophy when it comes to client relationships. Its advisors consistently deliver advice that fosters successful and confident clients. This means peace of mind and assurance in a solid financial path forward.
The core tenets of the firm’s philosophy for wealth management in Dallas include:
- Promoting and providing complete transparency
- Providing a financial concierge as a single point of contact
- Simplifying the complex and filtering out the unnecessary
- Meeting regularly to confirm financial goals are on track
- Removing obstacles to success
- Leveraging the latest research and technology
Comprehensive Financial Planning & Wealth Management
Your SFMG financial advisor in Dallas understands that there are many separate pieces that come together in a successful financial plan. Taking a holistic approach means incorporating those pieces and it leads to a more integrated financial strategy.
This is why the Dallas financial advisors at SFMG gladly partner with the professionals you may already work with, including attorneys, tax accountants, and more so your financial plan can be brought together under one cohesive umbrella.
SFMG team members take a long-term view to assist clients with planning for a successful life where their finances can support their goals and lifestyle.
Clients receive a complete arsenal of financial services that allow them to plan for the long term. As needs arise, they’ll know that SFMG can help with the following financial planning services:
- Net worth/cash flow statements
- Education planning
- Corporate benefits
- Retirement planning
- Tax planning
- Business owner services
- Insurance planning
- Charitable planning
- Estate planning
Top-Rated Financial Advisors, Dallas, TX
As part of the client-centered philosophy of SFMG, the firm’s advisors are there whenever clients need them. This emphasizes the “high-touch” service and personalized attention that the firm works to provide each and every client.
This top financial advisor in Dallas offers solid core services including both wealth management and executive wealth management. This makes it an excellent choice for corporate executives looking for a long-term partner to guide them on a successful path.
Tolleson Wealth Management Review
Tolleson Wealth Management was founded by third-generation banker, John Tolleson as a single-family office in 1997. Over the last twenty years, the firm has grown into a thriving wealth management firm that serves high-net-worth individuals, estates, trusts, and foundations.
The Dallas financial advisors at Tolleson offer family office, investment management, and private banking services.
While this financial advisory firm in Dallas does not specifically state whether it is fee-only or fee-based, according to the firm’s ADV, it “does not charge or receive any commissions or trail fees on any client transactions.”
This would point to a fee-only structure, but we always recommend you confirm fee structure with a financial advisory firm before contracting their services.
Key Factors That Enabled Tolleson Wealth Management to Rank as a Top Wealth Management Firm in Dallas
Multi-Family Office Services
The firm’s advisors focus on the desires of their clients and craft portfolios and financial service plans tailored to their distinct needs rather than using a “cookie-cutter” approach.
This level of customization ensures that each client has a financial strategy that is a perfect match for their lifestyle, financial situation, and future goals.
This top-rated wealth management firm in Dallas, takes a proactive approach to financial management. The holistic services the firm provides to clients include:
- Strategic wealth management & financial planning
- Family learning
- Investment management
- Tax & bookkeeping
- Trusts & estates
- Private banking
Banking is a core element of a fully integrated financial management plan. Tolleson stands out as a top option for high-net-worth clients because it uniquely provides private banking services.
Tolleson Private Bank was created to serve all its clients with in-house private banking options that offer traditional services with a personal touch.
You’ll find similar services offered as those at large corporate institutions by this financial advisor in Dallas TX. But Tolleson has the advantage of providing additional conveniences and personalized solutions.
Tolleson’s Private Banking Services include:
- Convenient Deposit Solutions: Including online banking, online bill pay and the ability to deposit checks through a mobile device app
- Enhanced Account Protection: Including 24/7 debit card fraud monitoring, and a “lock and unlock” feature to prevent unwanted transactions
- Customized Credit Solutions: Numerous credit and lending solutions to choose from and tailored loan solutions to meet unique individual needs
2020-2021 Top Dallas Wealth Management Firms
Tolleson Wealth Management services its distinct clientele with a personalized experience and has a rich history in the family office area of financial management.
The integration of private banking, investment management, and other financial services offer both convenience to clients and a wholly integrated strategy for their financial planning and management needs.
With a custom concierge-like approach to financial planning and a team dedicated to building long-term relationships, Tolleson Wealth Management earns a 5-star rating as one of the best Dallas Financial advisors to consider partnering with in 2020-2021.
True North Advisors Review
Giving a fresh and progressive perspective on financial management is True North Advisors. The firm was founded in 2000 and takes a team-based approach with the goal of helping clients lead more fulfilled lives.
This top-rated Dallas wealth management firm operates on a fee-only basis and its advisors do not accept any form of compensation from investment product sales.
True North Advisors has offices in Dallas and Forth Worth, Texas. Its advisors believe in being client-centric and earning a client’s trust before starting the asset management process. The goal is to inject simplicity and personalization into every interaction.
Key Factors That Enabled True North to Rank as a Top Wealth Management Firm in Dallas
Large, Talented Team
An obvious advantage that clients receive when partnering with True North Advisors is expert guidance from a large team with a deep and diverse range of professional experiences and certifications.
The team at this highly ranked Dallas financial management firm holds several professional certifications and qualifications, including CFA®, CAIA®, CFP®, CIMA®, CPWA®, and CDFA®.
The Dallas wealth managers at True North are divided into specific teams to give clients the full benefit of their financial expertise. These teams include:
- Business Development
- Business Operations
- Client Operations
- Client Wealth Management
- Financial Planning Committee
- Institutional Services
- Investment Policy Committee
Top Ranked Wealth Management Dallas
Original 3Sixty Process
As a top financial advisor in Dallas, True North has a philosophy that establishing trust between client and financial advisor is vital. This is why the firm’s principals created a proprietary 3Sixty Process.
This process is designed to educate advisors each clients’ unique goals and financial situation over typically three meetings, which are completely free of charge and with no obligation.
Each meeting is meant to address specific areas of wealth management and financial planning, and include:
- Get to Know You: This meeting is to answer questions like “Who are you?” and “What are your long-term goals and aspirations.”
- Model Outcomes: In this meeting, your Dallas financial advisor will explore scenarios aligned with your long-term goals
- Present Your Roadmap: This meeting is where a strategy is proposed and, upon your approval, is implemented.
With a focus on truly getting to know each client before the financial management strategy begins, the 3Sixty Process is a way to help ensure an outcome that is productive, collaborative, and truly personalized.
If you’re looking for a different financial advisor experience than dark hallways and stuffy conference rooms, the fresh perspective that True North Advisors brings to financial planning will be a welcome departure.
This team is completely focused on giving clients a truly personalized approach to Dallas wealth management and keeping things as uncomplicated as possible.
The firm’s team-based approach benefits clients in that they gain the experience of multiple advisors rather than just one or two. This additional knowledgebase helps form the most robust financial strategies.
With a completely unique look for wealth management and a focus on building a foundation of trust first and foremost, True North Advisors is one of the best financial advisors in Dallas to consider working with in 2020-2021 and is awarded a 5-star rating.
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Conclusion – 2020-2021 Top Financial Advisors & Wealth Management Firms in Dallas, TX
A unique aspect of the Dallas financial planning industry is that no matter what income level you are or whether you’re a new or seasoned investor, there is a firm that is a perfect match for your needs.
From new families just starting out with a financial roadmap to high-net-worth entrepreneurs in need of in-depth expertise, these top-rated Dallas financial advisors on our list can meet the needs of just about any type of investor.
While our list has several excellent options for financial advisors in Dallas, you may still be stuck about which wealth management firm to choose.
It’s often a good idea to narrow down your options to 3-5 advisors that match your needs best and then request a free consultation. Whether by phone, video conference or in-person, this is a great way to evaluate advisors before making a commitment.
That initial consultation can be even more fruitful if you write down ahead of time your financial needs and goals for the future and what you’re looking for from a financial manager.
Each financial advisor in Dallas on our list has been chosen carefully and represents the best of what the city offers for wealth management and financial planning services. We have no doubt that there is an advisor on our list that will match or even exceed your expectations.
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