How We Did It: We asked every wealth management firm and team in the Dallas-Fort Worth chapter of the Financial Planning Association, the Chartered Financial Analyst Institute, and the Investments & Wealth Institute to tell us about their practices. 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 $100 million; average assets under management per client of at least $1 million; a 95 percent client retention rate over the last two years; and no current disciplinary actions. Additionally, all firms (or teams, should the team apply as an entity separate from its parent company) must have been in existence for at least five years as of the application deadline (June 7, 2021). They must also hold themselves out as fiduciaries for their clients and provide them with a written disclosure. A panel of esteemed local wealth managers reviewed the final list. All numbers are current as of the application deadline. Out of the 58 that applied, 36 firms and teams were selected.
| Advisory Practice Name | City | Phone | Total AUM for Individuals | Average AUM Per Client | Client/Advisor Ratio | Years in Existence | Firm Model |
|---|---|---|---|---|---|---|---|
| Ackerman Capital Management | Dallas | 214-361-5383 | $492,500,000 | $5,100,000 | 20:1 | 52 years | An Independent RIA |
| Aspen Wealth Management | Fort Worth | 817-546-6353 | $266,000,000 | $1,237,000 | 54:1 | 9 years | An Independent RIA |
| Beaird Harris | Dallas | 972-503-1040 | $1,193,711,312.93 | $1,026,651.23 | 98:1 | 25 years | An Independent RIA |
| Birch Capital Management | Dallas | 214-810-2824 | $203,000,000 | $7,200,000 | 15:1 | 11 years | An Independent RIA |
| Cadent Capital | Dallas | 972-441-4554 | $518,500,000 | $3,630,000 | 24:1 | 10 years | Part of an Independent Broker Dealer |
| Carter Financial Management | Dallas | 214-363-4200 | $1,395,000,000 | $1,500,000 | 54:1 | 44 years | An Independent RIA & Part of an Independent Broker Dealer |
| CFO4Life Coppell | Coppell | 214-637-9500 | $1,400,000,000 | $1,750,000 | 75:1 | 21 years | An Independent RIA |
| Chessman Wealth Strategies | Dallas | 214-572-2120 | $253,000,000 | $1,000,000 | 83:1 | 17 years | An Independent RIA |
| Cypress Point Wealth Management | Dallas | 214-736-8887 | $740,000,000 | $4,950,000 | 70:1 | 14 years | An Independent RIA |
| Fortune Wealth Management | Dallas | 972-716-8002 | $325,000,000 | $1,635,000 | 65:1 | 38 years | An Independent RIA |
| Generational Wealth Advisors | Richardson | 972-378-1795 | $258,480,000 | $1,518,000 | 24:1 | 16 years | An Independent RIA |
| Grunden Financial Advisory, Inc | Denton | 940-591-9007 | $268,237,312 | $1,264,250 | 46:1 | 20 years | An Independent RIA |
| Heritage Financial Planning | Dallas | 214-446-2100 | $242,000,000 | $1,850,000 | 33:1 | 18 years | An Independent RIA |
| HFS Wealth Management | Dallas | 214-239-0869 | $869,892,871 | $2,500,000 | 24:1 | 27 years | An Independent RIA |
| Insight Wealth Partners | Plano | 972-543- 4800 | $788,000,000 | $1,065,000 | 71:1 | 11 years | An Independent RIA |
| J.K. Financial, Inc. | Dallas | 214-706-4300 | $171,500,000 | $1,715,000 | 50:1 | 26 years | An Independent RIA |
| Keener Financial Planning | Keller | 817-993-0401 | $195,993,370 | $1,838,404 | 27:1 | 13 years | An Independent RIA |
| Lee Financial | Dallas | 972-960-1001 | $1,115,000,000 | $3,200,000 | 17:1 | 46 years | An Independent RIA |
| Legacy Consulting Group | Plano | 972-599-4750 | $282,210,097 | $1,959,792 | 36:1 | 24 years | An Independent RIA & Part of an Independent Broker Dealer |
| Messick Peacock & Associates at Raymond James | Dallas | 972-942-0672 | $710,000,000 | $3,500,000 | 40:1 | 6 years | An Independent RIA |
| Murphy & Sylvest Wealth Management | Dallas | 214-373-8362 | $166,893,505 | $1,620,325 | 34:1 | 8 years | An Independent RIA |
| Nace Wealth Team at Southwestern Investment Group | Frisco | 214-872-3902 | $210,000,000 | $1,500,000 | 42:1 | 19 years | An Independent RIA & Part of an Independent Broker Dealer |
| Optima Asset Management, Inc. | Dallas | 972-726-0400 | $650,067,348 | $6,759,739 | 48:1 | 26 years | An Independent RIA |
| Park Cities Group at Steward Partners | Dallas | 469-857-1525 | $305,000,000 | $1,487,804 | 52:1 | 15 years | An Independent RIA |
| Perryman Financial Advisory | Dallas | 972-770-4800 | $488,764,750 | $1,290,000 | 4:1 | 38 years | An Independent RIA |
| Promus Advisors, LLC | Dallas | 214-612-5753 | $430,036,700 | $11,622,613 | 18:1 | 10 years | An Independent RIA |
| Quest Capital Management, Inc. | Dallas | 214-691-6090 | $1,548,851,687 | $2,318,640 | 57:1 | 34 years | An Independent RIA |
| RGT Wealth Advisors | Dallas | 214-360-7000 | $5,000,000,000 | $7,500,000 | 20:1 | 36 years | An Independent RIA |
| RSA Family Wealth at Rockefeller Capital Management | Dallas | 972-761-5041 | $835,480,165 | $3,700,000 | 45:1 | 10 years | Part of an Independent Broker Dealer |
| SchlegelDunn LLC | Plano | 972-754-2693 | $164,000,000 | $1,300,000 | 42:1 | 16 years | Part of an Independent Broker Dealer |
| SFMG Wealth Advisors | Plano | 972-960-6460 | $1,667,815,359 | $2,753,217.82 | 61:1 | 26 years | An Independent RIA |
| Strata Wealth Advisors | Dallas | 214-420-7020 | $555,000,000 | $3,627,000 | 38:1 | 18 years | An Independent RIA |
| Strategic Financial Planning, Inc. | Plano | 972-403-1234 | $156,000,000 | $3,100,000 | 17:1 | 28 years | An Independent RIA |
| Tiedemann Advisors | Dallas | 214-855-2200 | $1,600,000,000 | $29,400,000 | 25:1 | 22 years | An Independent RIA |
| Tolleson Wealth Management | Dallas | 214-252-3250 | $7,140,000,000 | $38,000,000 | 3:1 | 21 years | An Independent RIA |
| True North Advisors | Dallas | 214-360-7300 | $2,600,000,000 | $4,500,000 | 40:1 | 21 years | An Independent RIA |
