How We Did It:
We asked every wealth management firm and team in the Dallas-Fort Worth chapter of the Financial Planning Association, Chartered Financial Analyst Institute, and the Investment Management 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 been in existence for at least five years. They must also hold themselves out as fiduciaries for their clients and provide them with the required DOL fiduciary disclosure. A panel of esteemed local wealth managers reviewed the final list. All numbers were current as of June 12, 2017. Out of the 50 that applied, 25 firms and teams were selected.
| Advisory Practice Name | City | Phone | Total AUM For Individuals | Average AUM Per Client | Clients to Advisor Ratio | Years in Existence | Firm Model |
|---|---|---|---|---|---|---|---|
| Beaird Harris | Dallas | 972-503-1040 | $789,467,270 | $1,710,970 | 63:1 | 21 | Independent RIA |
| Cadent Capital LLC | Dallas | 972-441-4554 | $309,000,000 | $2,600,000 | 30:1 | 6 | Part of Independent Broker Dealer |
| Carter Financial Management | Dallas | 214-363-4200 | $894,653,175 | $1,214,367 | 88:1 | 40 | Independent RIA & Part of Independent Broker Dealer |
| Chessman Wealth Strategies | Dallas | 214-572-2120 | $185,000,000 | $770,000 | 80:1 | 13 | Independent RIA |
| Covenant | Dallas | 214-361-4458 | $1,263,100,000 | $4,480,000 | 46:1 | 7 | Independent RIA |
| Fortune Wealth Management LLC | Dallas | 972-716-8002 | $192,000,000 | $1,000,000 | 95:1 | 35 | Independent RIA |
| Frontier Investment Management Company | Dallas | 972-934-2590 | $1,994,673,227 | $1,572,000 | 55:1 | 23 | Independent RIA |
| Global Wealth Advisors | Dallas | 972-931-3818 | $302,000,000 | $915,000 | 76:1 | 17 | Independent RIA & Part of Independent Broker Dealer |
| Grunden Financial Advisory Inc. | Denton | 940-591-9007 | $157,222,586 | $1,034,359 | 76:1 | 15 | Independent RIA |
| Heritage Financial Planning | Dallas | 214-446-2100 | $183,445,763 | $1,500,000 | 30:1 | 13 | Independent RIA |
| HFS Wealth Management | Dallas | 214-239-0869 | $866,600,000 | $2,900,000 | 33:1 | 23 | Independent RIA |
| Insight Wealth Partners LLC | Plano | 972-543-4800 | $384,000,000 | $850,000 | 90:1 | 7 | Independent RIA |
| J.K. Financial Inc. | Dallas | 214-706-4300 | $100,000,000 | $962,000 | 52:1 | 23 | Independent RIA |
| Jones, Cannon and scofield Part of Independent Broker Dealer at Ameriprise Financial | Dallas | 214-272-7919 | $296,000,000 | $785,000 | 80:1 | 14 | Part of Independent Broker Dealer |
| Keener Financial Planning LLC | Keller | 817-993-0401 | $87,000,000 | $988,600 | 29:1 | 9 | Independent RIA |
| Lee Financial | Dallas | 972-960-1001 | $1,070,000,000 | $2,800,000 | 23:1 | 42 | Independent RIA |
| Legacy Consulting Group | Plano | 972-599-4750 | $158,268,932 | $1,890,102 | 23:1 | 20 | Independent RIA |
| Murphy & Sylvest | Dallas | 214-373-8362 | $108,830,678 | $2,206,665 | 25:1 | 5 | Independent RIA |
| Quest Capital Management Inc. | Dallas | 214-691-6090 | $1,201,701,694 | $1,450,000 | 56:1 | 30 | Independent RIA & Part of Independent Broker Dealer |
| SchlegelDunn LLC | Plano | 972-731-6788 | $75,000,000 | $750,000 | 33:1 | 12 | Part of Independent Broker Dealer |
| SFMG Wealth Advisors | Plano | 972-960-6460 | $1,148,582,515 | $1,994,243 | 68:1 | 25 | Independent RIA |
| Talis Advisors | Plano | 972-378-1795 | $185,000,000 | $1,100,000 | 24:1 | 12 | Independent RIA |
| Tolleson Wealth Management | Dallas | 214-252-3250 | $4,916,625,700 | $35,000,000 | 6:1 | 17 | Independent RIA |
| True North Advisors | Dallas | 214-360-7300 | $1,098,025,310 | $2,925,000 | 46:1 | 16 | Independent RIA |
