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2024

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Best Financial Advisors in Odessa, TX

Our Recommended Top 4

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Odessa Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

31Reviewed

20Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Odessa, TX
Free Consultation

Expertise.com Rating

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

  • Estate Planning
  • Retirement Planning
  • Financial Planning
  • Investment Management

Odessa, TX

Expertise.com Rating

Why choose this provider?

Need help contacting a Financial Advisor in Odessa? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

1201 W Illinois Ave, Midland, TX 79701

Expertise.com Rating

Review Sources

Yelp
4.2 (54)
Facebook
4.8 (32)
Google
5.0 (2)

Why choose this provider?

Foreman Financial is a wealth management firm that serves the Odessa metro and nearby communities. The firm caters to corporate executives, business owners, retirees, and families. It also offers special services for female investors in different stages of life, including wealth transfer, wealth and investment management, legacy planning, and banking and lending solutions. The firm's principal, Kevin Foreman, has over 20 years in the industry and serves on the board of directors of Keep Midland Beautiful.

1330 East 8th Street, Odessa, TX 79761

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Why choose this provider?

For more than 40 years, Retire West Texas has been providing financial solutions to individuals, families, and businesses throughout the Odessa metro. It focuses on retirement income planning, insurance planning, tax retirement strategies, risk management, and estate planning. Joe Allbright, the owner of Retire West Texas, has been helping clients navigate complex financial matters since 1975. He is a member and past president of the West Texas Association of Insurance and Financial Advisors.

  • Estate Planning
  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
SmartAdvisor by SmartAsset
Odessa, TXFree Consultation
Foreman Financial
1201 W Illinois Ave, Midland, TX 79701
Retire West Texas
1330 East 8th Street, Odessa, TX 79761

FAQs

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • How can you verify if a financial advisor in Odessa is licensed and registered?

    To verify the licensing and registration of a financial advisor in Odessa, you can ask them about the regulatory agency overseeing their activities. If the advisor is regulated by FINRA, you can visit FINRA's website and use the BrokerCheck feature. Alternatively, if the advisor falls under the jurisdiction of the SEC, you can utilize the Investment Advisor search feature on the SEC's website.

  • Are all financial advisors held to a fiduciary standard in Odessa?

    In Odessa, not all financial advisors are obligated to follow a fiduciary standard, which means they are not legally bound to prioritize their client's best interests. However, some financial advisors do operate as fiduciaries, and they are required to prioritize their client's best interests above all else. To determine if your financial advisor is acting as a fiduciary, it is important to directly ask them about their fiduciary status.

  • Can financial advisors in Odessa help with budgeting and debt management?

    Yes, financial advisors in Odessa can assist with budgeting and debt management. They can help individuals gain control over their finances by establishing a budget and creating a strategy to manage and repay debt, including credit lines, auto loans, student loans, and mortgages. Although credit counselors and debt relief companies can also assist with these, their scope of advice is generally limited to debt management and related budgeting matters, and they do not usually offer comprehensive financial advisory services.

  • Can financial advisors in Odessa assist with estate planning?

    Financial advisors in Odessa are capable of providing assistance with estate planning. Estate planning covers a range of components, such as financial planning, investment management, and legal considerations. However, it is essential to recognize that collaborating with an attorney who handles estate planning can provide you with a more holistic approach to creating a comprehensive plan that aligns with your overall financial goals.

  • How often should you meet with your financial advisor in Odessa?

    It is recommended to meet with your financial advisor in Odessa at least once a year to evaluate their performance and reassess your financial situation. During these meetings, it is important to discuss your budget to ensure you are staying within your financial limits and develop a new plan for the upcoming months. While meeting more frequently than once a year may not be necessary for most people, the frequency of meetings can be determined through communication with your advisor.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.