Financial Advisor Dallas: Working with Experts

Having a hard time managing personal finances? The support and guidance of a financial advisor Dallas is all you need if you have more than $10 million worth of liquid assets and want to create the financial legacy you desire without much hassle and confusion. Many high net worth and ultra high net worth individuals don’t find personal finance interesting. On top of that, they have to face complicated risks and challenges that make it difficult to preserve wealth in the long run. This is where a financial advisor Dallas brings wealth management expertise and experience to the table. Want to know how you can find the right expert for your individual needs? Read our exclusive guide now!

At Pillar Wealth Management, our team of ultra high net worth financial advisors is equipped with all the necessary knowledge, tools, and resources to help you manage your money and achieve financial serenity. With a combined experience of providing fiduciary financial advisory services to clients with $5 million to $500 million in investable wealth for more than six decades, we can safely say that we are the right experts to partner with to ensure your financial future. Interested in setting up an initial consultation? Contact us today!

The Top 10 Financial Advisors in Dallas, TX

According to smartasset.com, the following firms are the top financial advisors in Dallas. These firms have the largest volumes of assets under management, work primarily with individuals, have fewer clients per advisor, and have been in business longer. Fee-only firms ranked higher.      

1. Tolleson Private Wealth Management

Tolleson Private Wealth Management (TPWM) was formed in 2000 and is a wholly-owned subsidiary of Tolleson Wealth Management. It is employee-owned and majority-owned by the John Tolleson family. It is a multi-family office. The firm focuses exclusively on ultra-high-net-worth families.

Services offered

TPWM’s clients include high-net-worth individuals, estates, trusts, and foundations.

TPWM provides advice regarding investment in one or more private investment funds, that is, the Tolleson Funds, structured as limited partnerships, as a means to implement its investment advisory services.

In addition to investment advisory services, TPWM provides financial planning, tax planning, bookkeeping, bill pay, cash management, estate planning, philanthropy advisory, and family engagement. Trustee and estate settlement services are provided through Tolleson Private Bank, an affiliate of TPWM.

Fees

Basic fees for financial advisory services are .40 % – 1.00% of client assets under management, per year, payable monthly or quarterly, or annual fixed fees, payable monthly or quarterly. Fees are negotiable on a client-by-client basis.

The minimum account size for an advisory client is $20 million (subject to waiver by TPWM), and clients are required to meet certain net worth and net asset requirements.

Investment philosophy

Investments are evaluated using quantitative data, qualitative information, and input from investment managers. Decisions to change investment managers or asset allocation strategies are approved by TPWM’s Investment Committee. For fixed-income securities, factors such as issuer ratings, liquidity of securities, and sector and geographic diversification are considered.

As of December 31, 2022, TPWM had approximately $7.6 billion in assets under management.

2. Level Four Advisory Services

Level Four Advisory Services (LFAS) has been registered as an investment adviser with the SEC since 2005. The firm is owned by Level Four Group, which is owned and operated by Carr, Riggs & Ingram Capital, LLC.

The assets managed by LFAS totaled approximately $3.7 billion as of December 31, 2022.

The Level Four Wealth Management mission is to “optimize the financial strength of our clients.” The four levels are—organize, create, plan, and communicate.

Services offered

LFAS provides financial advisory services tailored to the needs of its clients while allowing them to restrict the selection of investments. Investments are selected based on models that are dependent on the client’s goals and objectives.

LFAS provides financial planning services, helping individuals set their long-term financial goals through investments, tax planning, retirement planning, and risk management.

LFAS provides asset management services with ongoing monitoring of client accounts, making trades when necessary to meet the client’s objectives.

LFAS recommends money managers that can monitor accounts and make trades.

Fees

Clients may choose to pay an hourly or fixed fee for a financial plan. Hourly fees do not generally exceed $300 per hour.

Fees for consulting services, which include 12 months of unlimited in-office or telephone consultations on any financial topic, are negotiated with the client, based on the complexity of their financial circumstances. Fees are payable monthly or quarterly in advance.

LFAS charges a percentage-based fee for asset management, billed quarterly in advance. The maximum fee charged is 2.50%.

The percentage-based fee for retirement plans does not exceed 1.25% of the assets held annually.

Investment philosophy

LFAS financial advisors may develop their own investment strategies and methods of analysis, as well as choose to manage their accounts according to the strategies developed by the LFAS Investment Committee, in which case the Committee provides investment recommendations. The committee develops model portfolios based on objectives such as income with capital preservation, Income with moderate growth, growth with income, growth, or aggressive growth.

3. CH Investment Partners, LLC

Previously a division of Crow Holdings Capital Partners, CH Investment Partners was established in 2019, incorporating all of Crow Holdings’ investment advisory business. The firm’s principal owners are Michael Silverman and Kirk Rimer, each owning more than 25% of the firm’s equity.

The firm has approximately $4.4 billion in assets under management.

Services

Regarding investments in securities and other assets, CH Investment Partners provides advisory, management, consulting, and administrative services.

The firm provides advisory services to various types of clients, including funds, foundations, endowments, trusts, estates, charitable organizations, family offices, corporations, entities, high-net-worth individuals and families, and employees.

Generally, the goal is for each client to ultimately have at least $50 million in assets under management, advisement, or supervision with the firm.

Fees

Advisory fees range from 0.50% to 0.60% of the asset value of the advisor account per year, although certain types of clients may be charged a flat fee or other fee structure, based on the size of the account, or a performance-based fee.

Investment philosophy

When making investment decisions, various factors are considered, including appropriate diversification and correlation among current and prospective investments, liquidity terms that are appropriate for the strategy, appropriate fee structures, and appropriate alignment of interests between the client and the firm.

4. Texas Capital Bank Private Wealth Advisors (TCBPWA) 

Texas Capital Bank was established in 1998, has approximately 2,200 employees, and holds $28.5 billion in assets. TCBPWA was formed in April 2002 and is a division of Texas Capital Bank.    

TCBPWA has approx. $2.8 billion in assets under management.

Services

TCBPWA advisors provide financial planning, wealth strategy and family governance consultations, and portfolio management services. The firm’s clients are high-net-worth individuals and their families, trusts, foundations, endowments, and corporate entities, including, but not limited to, family-operated businesses and state and municipal governments.

Fees

Except for certain fixed income strategies, fees are as follows:

For portfolios of less than $5 million, the portfolio management fee is 1.25% for the first $1 million, 1.00% for the next $1 million, and 0.80% for the remaining balance.

For portfolios of $5 million or more, the fee rate is 0.80% for the first $5 million, 0.60% for the next $5 million, and 0.50% for the remaining balance.

Investment philosophy

The firm’s investment team makes the decisions regarding portfolio construction and allocation, meeting regularly. Decisions are made by the firm’s Investment Team. These decisions are guided by market and economic indicators supplied by vendor and internal research, based on economic data, and incorporated into the firm’s 4Rprocess—the Four Rs are Risk Tolerance, Expected Returns, Ranked Indicators, and Review and Monitor:

First, determine risk tolerance and horizon; determine expected returns for a risk-controlled portfolio; build a portfolio of assets; rank market and asset class relative values using proprietary scoring tools; fourthly, review monitor, and adjust the portfolio without emotional reaction and as client needs and objectives change, or based on observed shifts in macroeconomic trends, the firm’s indicators, or the account manager’s review of the portfolio.

5. True North Advisors  

True North Advisors was founded in 2000, with the objective of providing financial advisory services not tied to selling products, thereby providing advice that is objective and transparent.     

True North Advisors has $2.3 billion in assets under management.

Services

True North services include financial planning and investment management, requiring understanding the client’s total financial situation, developing a thorough income needs analysis, identifying risk tolerance, and designing and modeling a portfolio aligned with the client’s goals.

True North provides services to individuals and high net worth individuals; corporate pension and profit-sharing plans; trusts, estates, and charitable organizations, including foundations and endowments; corporations, and other business entities.

True North generally accepts only portfolios with at least $3 million, which may be waived under certain circumstances.

Fees

True North charges a fee ranging from 0.25% to 2.50% of assets under management.

Investment philosophy

True North adheres to fundamental, bottom-up security analysis, implying that due diligence begins with the individual security, not the industry, sector, or geographical analysis. True North’s portfolios are biased toward value-oriented investment strategies; the firm believes in active management but can allocate portions of a portfolio to passive investments such as indexed ETFs or indexed mutual funds when appropriate.

6. Southern Wealth Management

Southern Wealth Management has been offering financial advisory services since 2005. It is principally owned by Richard Jones, Thomas Gile, and Michael Olson.

Southern Wealth has $1.2 billion in assets under management.

Services

Southern Wealth is an investment advisory, financial planning, and tax firm. Its services include investment strategy, portfolio management, accounting, tax preparation, business valuation, and more.

Southern Wealth’s clients include high-net-worth individuals, trusts, corporations, partnerships, retirement plans, and tax-exempt and other legal entities. A minimum of $1 million of assets under management is required for the investment advisory service, so there is an implied minimum fee of $10,000.

At Southern Wealth, the investor’s portfolio will consist of individual equities, bonds, other investment products, and no-load and load-waived mutual funds.

Fees

The annual fee for portfolio management and monitoring services is evaluated as a percentage of assets under management, ranging from 1.00% for assets of up to $1 million to 0.20% for assets in excess of $15 million. An account balance of $1 million is required.

A fixed fee is charged for financial planning and consulting, ranging from $1,000 to $15,000; hourly fees range from $100 to $400.

Given a minimum requirement of $1 million, the minimum annual fee is $10,000.

Investment Philosophy

To analyze investment vehicles and portfolios, Southern Wealth may utilize fundamental and cyclical analysis, quantitative methods for optimizing portfolios, computer-based risk/return analysis, and statistical and/or computer models utilizing long-term economic data.

Southern Wealth may also employ outside vendors or utilize third-party software to support the development of recommendations to clients.

7. Smith Anglin Financial (SAF), LLC

SAF has been in business as an investment advisory firm since 2007. The principal owners of SAF are Steve W. Anglin, Weston A. Pollock, Chris B. Lott, and Rex S. Moxley.

SAF has $1.2 billion in assets under management.

SAF clients include individuals, pension and profit sharing plans, trusts, estates, charitable organizations, and corporations and business entities.

Services

The firm provides a broad range of financial planning and consulting services, including retirement, education, insurance, estate, and tax planning.

Fees

SAF charges fixed and hourly fees, as well as fees based on assets under management. Fixed fees range from $400 to $2,500; hourly fees range from $50 to $500.

SAF ‘s fee for investment management services is based on a percentage of the market value of the assets managed by the firm. Exclusive of brokerage commissions, transaction fees, and other costs, the annual fee is generally charged quarterly in advance and ranges from 0.45% to 1.85% of the value of the assets managed and the services rendered. For large amounts of cash, the fee may be based on the assets not including cash.

Investment philosophy

SAF utilizes fundamental analysis as its primary method of analysis. Thus, its recommendations are based on the fundamental financial condition of a company, the capabilities of its management, its earnings, product innovation, and its competitive position.

SAF utilizes modern portfolio theory for asset allocation.

8. Lee Financial Company   

Lee Financial Company (LFC) was founded by Richard R. Lee, Jr. in 1975. It is a fee-only financial advisory firm based in Texas.     As a fee-only firm, LFC is committed to serving the best interests of its clients. The firm has approx. $1.2 billion In assets under management.

LFC utilizes a team approach to financial planning and portfolio management so as to best help you define your goals, provide a strategy for meeting those goals, and monitor your progress. Your team will consist of a mix of seven types of advisors.

LFC’s approach is called the WholeVision process, which focuses on four types of capital that are essential elements of overall wealth—human, financial, fulfillment, and shared.

Services

LFC offers financial planning and investment management services. It advises retirement plans. Its specialized services include family capital services such as transitional plans for businesses and the establishment of foundations.

LFC advises high-net-worth individuals.

Fees

The standard fee for LFC’s services is either a calculated fee based on the market value of your assets or a fixed fee based on the level of services you require, whichever is greater. The calculated fee ranges from 1.0% for assets worth less than $10 million to 0.35% for assets over $30 million.

LFC does not charge performance-based fees.

Investment philosophy

LFC primarily utilizes two fundamental investment strategies when advising clients: Long-Term Purchases (securities held at least a year); and/or Short-Term Purchases (securities sold within a year).

LFC recommends assets based on the client’s economic situation, liquidity needs, risk tolerance, proposed investment period, need for diversification, reliance upon current income, and tax situation.

LFC also considers historical yields, potential appreciation, and marketability before making investment recommendations. LFC recommends asset allocation types such as separately managed accounts, open ended mutual funds, structured notes, private investment vehicles, ETFs, and exchange-listed securities.

9. Beaird Harris

Beaird Harris Wealth Management is an SEC-registered adviser operating as Beaird Harris since 1996. Its principal owner is Patrick C. Beaird, President. The firm is a fee-only advisor providing a variety of financial advisory services, including financial planning, along with investment advice on equity securities, corporate debt securities, CDs, life insurance, variable annuities, mutual funds, ETFs, and US government securities.

The firm holds $1.5 billion in assets under management.

Services

Beaird Harris offers financial planning services that may address debt management, estate planning, and financial goals; tax and cash flow; cash needs at death; college planning; retirement; and investments.

The firm’s investment advisory services include continuous account monitoring, investment advice, and executing investment transactions based on the client’s individual needs. An investment strategy is designed for each client based on asset allocation, using Modern Portfolio Theory, and investments are made for the client based on that strategy.

The firm advises individuals, high net worth individuals, pensions, 401(K) and profit sharing plans, trusts, estates, charitable organizations, and corporations and other business entities.

Fees

Investment advisory and financial planning fees range from 1.00% of assets up to $1 million to 0.40% for amounts over $10 million.  

A minimum of $1,000,000 of assets under management is required for the investment advisory service, so there is an implied minimum fee of $10,000 for any amount of assets, which raises the fee rate to over 1.00%.

Investment Philosophy

Beaird Harris primarily uses Modern Portfolio Theory as a foundation for its investment approach and asset allocation methods. The firm believes in diversified asset class exposure.

10. Guidestone Advisors

Guidestone Advisors is an affiliate of Guidestone Financial Services, which is an SEC-registered advisor. Guidestone Advisors provides investment advisory services. It provides limited brokerage services to retail investors for buying and selling mutual funds offered by GuideStone Funds, including most major asset classes.

What Does it Mean to be a Financial Advisor?

As evident by its name, a financial advisor specializes in helping clients make well-informed decisions related to their money, personal finances, and investments. They are licensed professionals who offer a wide range of services, including tax planning, investment management, and estate planning. They may help optimize the performance of your portfolio by making decisions that put you on the right track to achieving your short and long-term goals. Meanwhile, they minimize your financial risks and costs and find ways to maximize your profits. Simply put, a financial advisor Dallas focuses on utilizing proven techniques to protect your assets and preserve your wealth without taking unnecessary risks.

For more details on high net worth portfolio optimization, don’t forget to read our guide.

Is a Financial Advisor Worth it?

Working with a financial advisor is one of the best decisions a high net worth or ultra high net worth individual can make. Having amassed such a large amount of wealth, you may not find the time or have the expertise of managing your finances on your own. You need to have a carefully curated, custom-tailored strategy in place to ensure that you don’t lose your wealth over time. Protecting your wealth isn’t as easy as it sounds. Only an expert can help you make the right decisions.

Dive right into the secrets of protecting wealth in our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million. The clients who got access to this book reported that it helped them understand the importance of developing the right strategy for effective wealth management.

To learn more about how affluent individuals can gain more control of their finances, feel free to talk to one of our financial advisors at Pillar Wealth Management.

Top Qualities of a Good Financial Advisor Dallas

Finding the right professional can make or break the deal when it comes to managing your personal finances. You might wonder, “What makes a good financial advisor?”

Well, the best experts share a few attributes. For starters, they take out the time to assess your financial situation, discuss the financial challenges you’re facing and the goals you have in mind, and determine what you expect them to do to enhance your portfolio’s performance.

You must ask questions about your financial advisor’s approach to high net worth wealth management. The strategies that work for average Americans may not work in your favor, given that your problems and risks are much more complicated. Find out what they will do to protect your wealth.

If you want to save a significant portion of your wealth for the coming generations, you must prioritize your financial security alongside portfolio performance. Only invest in things that will benefit you in the long run. Once you’ve made this mindset shift, you’ll be able to find the right financial advisor Dallas whose approach aligns with your vision. You must also make five other critical shifts as an affluent individual. Check out this guide to discover them in detail before consulting with a financial advisor.

Now that you’ve got the answer to the burning question, “What should I expect from a financial advisor?” it’s time to start looking for qualified professionals and consult with them to find the right expert based on your unique financial situation and individual needs.

This beginner’s guide will describe the entire process of finding a highly knowledgeable and experienced financial advisor. For more information on what fiduciary financial advisors do, get in touch with us today.

It’s Time to Talk to a Reliable Financial Advisor Dallas at Pillar Wealth Management

Pillar Wealth Management is the hub of professional financial advisory services. Our fiduciary experts will help you identify your financial challenges and risks and develop a personalized financial plan in return for an affordable, fixed annual fee. We will manage your personal finances and make crucial financial decisions on your behalf to ensure that you don’t go off-track on the path to achieving long-term financial serenity. Whatever wealth preservation goals you have in mind, our team will leverage their expertise and experience and find a way to help you achieve them in the most efficient way possible.

To discuss our services and cost structure in detail, contact us now.

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