How We Did It: We asked every wealth management firm and team in the Dallas-Fort Worth chapters of the Financial Planning Association®, Chartered Financial Analyst Association®, and the Investment Consultants Association® to tell us about their practice. The final list was selected based on these criteria: top firms or teams must have total assets under management for individual clients of at least $50 million; average assets under management per client of at least $750,000; a 93 percent client retention rate over the last two years; no current disciplinary action; and at least five years of experience. They must also hold themselves out as a fiduciary for their clients. A panel of esteemed local wealth managers reviewed the final list.
| Advisory Practice Name/Firm Name | Total Assets Under Management for Individual Clients | Average Assets Under Management Per Client | Clients to Advisor Ratio | Years of Experience | Firm Model |
|---|---|---|---|---|---|
| Cadent Capital, LLC | $260,000,000 | $2,400,000 | 27 to 1 | 5 years | Part of Independent Broker Dealer |
| Carter Financial Management, Inc. | $827,147,675 | $934,630 | 98 to 1 | 40 years | Independent RIA & Part of Independent Broker Dealer |
| Certified Financial Strategies Corp. | $50,000,000 | $750,000 | 66 to 1 | 25 years | Independent RIA |
| Chessman Wealth Strategies | $152,500,000 | $755,000 | 66 to 1 | 11 years | Independent RIA |
| Covenant | $1,350,000,000 | $5,530,000 | 22 to 1 | 6 years | Independent RIA |
| Frontier Investment Management Company | $1,760,000,000 | $1,600,000 | 65 to 1 | 22 years | Independent RIA |
| Gibson Private Wealth Advisors | $135,000,000 | $1,200,000 | 60 to 1 | 25 years | Part of Independent Broker Dealer |
| Global Wealth Advisors | $275,966,053 | $862,394 | 80 to 1 | 16 years | Hybrid RIA & Part of Broker Dealer |
| Hart & Jones | $120,000,000 | $2,300,000 | 45 to 1 | 15 years | Part of Independent Broker Dealer |
| Heritage Financial Planning | $162,000,000 | $2,000,000 | 37 to 1 | 12 years | Independent RIA |
| Howard Financial Services, LTD | $837,527,000 | $3,200,000 | 22 to 1 | 22 years | Independent RIA |
| Insight Wealth Partners, LLC | $344,000,000 | $765,000 | 75 to 1 | 6 years | Independent RIA |
| Jones, Cannon and Associates | $271,000,000 | $6,950,000 | 80 to 1 | 16 years | Part of a Broker Dealer |
| Keener Financial Planning, LLC | $70,000,000 | $852,000 | 26 to 1 | 8 years | Independent RIA |
| Lee Financial Corporation | $1,019,000,000 | $2,800,000 | 30 to 1 | 40 years | Independent RIA |
| Optima Asset Management, Inc. | $415,843,200 | $5,860,550 | 38 to 1 | 20 years | Independent RIA |
| Pegasus Advisors, LLC | $51,000,000 | $911,000 | 28 to 1 | 16 years | Independent RIA |
| Quest Capital Management, Inc. | $1,102,806,586 | $1,712,432 | 71 to 1 | 29 years | RIA & Broker Dealer |
| RSA Group | $548,000,000 | $2,200,000 | 38 to 1 | 5 years | Part of Broker Dealer |
| SFMG Wealth Advisors | $958,994,009 | $1,551,770.00 | 69 to 1 | 21 years | Independent RIA |
| Talis Advisory Services, LLC | $170,000,000 | $960,000 | 30 to 1 | 17 years | Independent RIA |
| Tolleson Wealth Management | $4,628,377,000 | $30,000,000 | 6 to 1 | 16 years | Independent RIA |
| True North Advisors, LLC | $1,200,000,000 | $2,500,000 | 47 to 1 | 16 years | Independent RIA |
| Vogel Financial Advisors, LLC | $286,000,000 | $1,300,000 | 75 to 1 | 16 years | Independent RIA |
Get the D CEO Newsletter
Stay up to speed on DFW’s fast-moving business community with weekly news reports, interviews, and insights.
