Top Financial Advisors in Plano, TX

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Fisher Investments is a massive, fee-only financial advisory firm based in Washington that has over 150,000 individual clients to its name – more than half of whom have a high net worth. Fisher is somewhat of a gold standard in the financial advisory industry and ranks No. 2 on SmartAsset's list of the top financial advisors in the U.S. The firm primarily focuses on investment management, but may provide some clients with a separate no-cost financial plan.  

If you're an individual interested in working with Fisher, you'll generally need at least $500,000 in investable assets, though this minimum is waivable. Clients who use the firm's WealthBuilder program are only required to have $200,000 in investable assets.

As a fee-only firm, Fisher advisors do not sell securities or insurance products. Instead, the firm's compensation comes from client-paid fees. Those fees are charged as a percentage of assets under management (AUM), ranging from $1.25% to 0.28%. Accounts that fall below $475,000 are charged an annual management fee of 1.50%.

Depending on your long- or short-term goals, risk tolerance and time horizon, the firm will recommend a distinct set of investments. For example, riskier investors will have portfolios centered around common stock and cash equivalents. Risk-averse investors will have their assets invested more in fixed-income securities, such as bonds and cash. For those in between those two extremes, Fisher recommends a blended portfolio that features some proportionate allocation of stocks, fixed-income and cash.

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Retirement Planners of America, formerly known as Money Matters With Ken Moraif, is next on our Plano, Texas list. The firm’s sizable team includes several Certified Financial Planners™ (CFPs®), an important certification to consider when choosing a financial advisor. In addition to its CFPs®, there are also advisors with the chartered financial consultant (ChFC) and chartered retirement planning counselor (CRPC) designations, among others. 

Retirement Planners of America, which is fee based, does not require a set account minimum. Its clients include individuals, high-net-worth individuals and retirement plans. The firm charges an asset-based fee for portfolio management, which may be higher for clients with less than $250,000 in assets under management (AUM). 

All of Retirement Planners of America's investment advisor representatives are required to be licensed insurance agents and will earn commissions from sales. While this may present a potential conflict of interest, the firm is a fiduciary, which means it must act in clients' best interests at all times.

The firm works with individual clients to determine an appropriate investment strategy and asset allocation model. The firm allocates clients' assets based on their investment strategy, goal or model, and they are free to adjust their asset allocations. Typically, Retirement Planners of America recommends mutual funds, variable annuities and fixed annuities. Once a client's portfolio has been created, the firm will monitor the portfolio and rebalance it at least quarterly. 

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SFMG Wealth Advisors, a large firm with billions in assets under manager, is next on our list of the top financial advisory firms in Plano. SFMG provides a range of financial advisory services to a client base composed almost exclusively of non-high-net-worth and high-net-worth individuals. They also work with a very small number of charitable organizations and businesses. They impose a $1 million minimum account size.

SFMG provides its clients with financial planning, wealth management and investment advisory services. Financial planning services span a variety of topics and may include estate planning, retirement and other needs. 

SFMG, like many other financial advisory firms that offer investment management services, tailors its investment strategies to the individuals needs of clients. Clients are permitted to place restrictions on the management of their money. Advisors also work with clients to determine their specific goals and objectives when it comes to investing. A large element of this process is determining risk tolerance.

SFMG looks to centralize their investment decision making process among its advisors and its investment team. Advisors do not look to time the market, instead focusing on long-term investing. Specific investment include stocks, bonds, cash, mutual funds, exchange-traded funds (ETFs), private equity, real estate, commodities, hedge funds and third-party subadvisors.

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Astra Wealth Management Group is a fee-based firm that works with individuals, high-net-worth individuals, trusts, estates and businesses. The firm, which requires a minimum account balance of $100,000, charges an asset-based fee for wealth management and hourly fees for financial planning services.

Advisors on staff can earn sales commissions for selling securities or insurance policies, in addition to the client-paid fees for advisory services. While this is a conflict of interest because advisors have a financial incentive to recommend certain products and services over others, the firm has a fiduciary duty to act in its clients’ best interests.

The firm offers a comprehensive suite of services tailored to individual financial needs, including investment planning, retirement planning, personal savings and education savings. Additionally, they provide assessments of insurance needs, support for charitable giving programs, as well as referrals to accountants, attorneys or other specialists as needed. 

Astra Wealth Management Group uses a multifaceted approach to investing, incorporating fundamental, technical, cyclical and charting analysis, with a strong emphasis on long-term investment strategies. The firm tailors its investment strategies to align with each client's unique set of circumstances, including their investment goals, financial situation, time horizon and risk tolerance. Their typical investment vehicles include low-cost, diversified mutual funds, exchange-traded funds (ETFs), options, selected alternative investments, individual stocks, bonds and options contracts.

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Insight Wealth Partners primarily works with individuals clients – about two-thirds of whom do not have a high net worth. In addition, the firm has charitable organizations, corporations and businesses as clients. Insight Wealth Partners does not require a minimum account balance for its asset management services, but it does require a minimum annual fee of $1,000. For its financial planning services, the firm usually charges a minimum first-year fee of $2,500.

This is a fee-based firm, so a few of its advisors may earn commissions from the sale of insurance products, in addition to the fees that advisory clients pay. While this form of compensation is considered a conflict of interest, the firm is a fiduciary, and must act in your best interest at all times.

Insight Wealth Partners takes a team approach to financial management and says it collaborates closely with its clients and their other advisors. The firm's services include asset management and comprehensive financial advice. The latter may encompass retirement planning, education planning, estate planning, tax planning, real estate analysis, insurance analysis, charitable planning and employer stock option planning. For certain clients, the firm may review their 401(k), 403(b) or 457 plans.

Insight Wealth Partners offers two different types of portfolio management: traditional portfolio management and synthetic portfolio management. Its investment strategy for its traditional portfolios is based on modern portfolio theory, with an emphasis on strategic and tactical asset allocation. 

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Like many of the firms on this list, WealthStar Advisors does not require a set account minimum. However, about 60% of the firm’s current client base comprises high-net-worth individuals. WealthStar also notes that it specializes in serving small business owners.

WealthStar Advisors is a fee-based firm. Certain employees are licensed insurance agents, and they may earn commissions from recommending insurance products as part of the firm's financial planning services. However, the firm is bound by fiduciary duty to put its clients' best interests before its own.

WealthStar offers portfolio management, financial planning and 401(k) plan participant advisory services. Notably, the firm offers portfolio management on a wrap fee basis. This means you'll pay a consolidated fee that covers advisory and brokerage services. Its financial planning and 401(k) plan participant services are offered on a standalone basis or as part of a wrap program. 

WealthStar Advisors' portfolio management services, offered through a wrap program that it sponsors, are based on each client's goals, objectives, time horizon and risk tolerance. The firm's investment strategies are tailored to these factors and it may include equity substitution strategy, margin transactions, short-term trading, short sales and options writing.

Clients have the option of imposing any reasonable restrictions on their portfolios. The firm sends reports to clients on a quarterly basis and contacts clients at least once a year to determine if there have been any changes in their financial circumstances, objectives or risk tolerance.

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AssetBuilder is a fee-only firm that focuses on offering investment management and financial planning services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities. While the firm requires $350k, it could be waived at the firm's discretion. 

The firm charges fees based on the value of the total assets under managmeent (AUM). This fee ranges from .90% down to .35% of the portfolio (above $4 million). The calculation, according to its latest Form ADV, is "Billed Market Value x Fee Rate x (Days in Cycle/365) = Fee Amount".  

AssetBuilder employs a “buy and hold” approach to asset management. The practice of this style of asset management is based on the belief that few investors have been able to consistently produce returns that exceed the “market”. The firm believes diversification reduces the risk of uncertainty and asset allocation in numerous asset classes determines results in the portfolio. AssetBuilder primarily uses Dimensional Fund Advisor (DFA) funds as the core of all investment portfolios.

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Moss, Luse & Womble is up next on our list. The firm doesn't require a minimum account size for investment advisory services. It works only with individuals, most of whom do not have a high net worth. Working primarily with non-high-net-worth individuals, advisors provide the following services: Financial planning, portfolio management and pension consulting services. 

Advisors with the firm work on a fee-only basis. This means their only compensation comes from fees charged to clients. It also indicates that they don’t earn commissions from third-party financial institutions for selling their products or services. Moss, Luse & Womble Investment Strategy

Moss, Luse & Womble emphasizes diversification. They believe that investing in various, non-correlating asset classes can help the client take advantage of upmarkets while mitigating risk during down markets. The firm has eight model portfolios that it recommends to clients. As a client, you can expect your portfolio generally to contain ETFs and mutual funds. 

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The Watchman Group is a fee-only firm that serves individuals and high-net-worth individuals, as well as charitable organizations and corporations. Unlike many of the firms on this list, The Watchman Group does require an account minimum. To be a client of this firm, you'll need a minimum of $1 million in investable assets and pay $5,000 a year in annual fees.

The Watchman Group's offers investment management, financial planning, tax analysis and strategy, as well as family office services. The firm manages portfolios on a discretionary basis, and its portfolios are customized to meet each client's needs, objectives and risk tolerance.  

In its customized portfolios, The Watchman Group says it strives to tie a client's goals and risk/reward framework to his or her financial plan and investments. The firm's investment philosophy is built upon the belief that public equities offer the best long-term returns, while valuations, profitability and company size are the best predictors of outperformance. Meanwhile, the firm also holds that market timing does not work. Instead, it focuses on diversification, as well as reducing fees and limiting taxes. 

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Strategic Financial Planning takes the ninth spot on our Plano list. The firm has no set account minimum, which means technically anyone can become a client. The firm's actual client base is dominated by high-net-worth individuals, though it also works with non-high-net-worth individuals and charities. This is a fee-only firm.

The services at this firm cover areas like retirement planning, investing, insurance planning, employee benefits, taxes, estate planning, education fund planning, cash flow planning, business planning and family wealth planning.

When you become a client of Strategic Financial Planning, you and your advisor will meet to discuss where you are in your financial journey and where you want to end up. To do this, the firm will go over your goals, risk tolerance, tax situation and time horizon. Based on your goals and what you currently have, the firm will develop a financial and investment plan to fit your needs. Once your assets are invested, the firm will monitor how your portfolio is doing and make adjustments as necessary. The firm primarily relies on mutual funds and ETFs.