Expertise.com

2024

Last updated:

Best Financial Advisors in McAllen, TX

Our Recommended Top 3

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 McAllen Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

35Reviewed

22Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

McAllen, 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
  • Investment Management
  • Financial Planning
  • Retirement Planning

McAllen, TX

Expertise.com Rating

Why choose this provider?

Need help contacting a Financial Advisor in McAllen? 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.

4900 West Expressway 83, McAllen, TX 78501

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Review Sources

Facebook
5.0 (7)
Google
5.0 (6)

Why choose this provider?

Teamwork Financial Group has been helping clients with their finances since 1988. The firm’s office in McAllen assists clients with its asset management services and financial strategies aligned with legal and tax plans. It also helps individuals and families in retirement planning, wealth accumulation, choosing annuities and insurance, charitable giving, and estate planning. Founder and CEO Doug Moe is a certified public accountant and a cum laude graduate from law school. He also had a coaching stint with the Denver Nuggets pro basketball team.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Insurance Products

Compare our Top Financial Advisors

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SmartAdvisor by SmartAsset
Free Consultation
Teamwork Financial Group
4900 West Expressway 83, McAllen, TX 78501

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.

  • What factors should an individual in McAllen consider when searching for a financial advisor?

    An individual in McAllen seeking a financial advisor should look for a fiduciary, as they are bound by ethics to prioritize clients' interests. The advisor's investment strategy should resonate with the individual's financial goals. In addition, understanding the advisor's fee structure and credentials is essential to ensure transparency and competency. Lastly, individuals should likewise consider meeting with multiple advisors to find the best match.

  • What considerations should individuals and families in McAllen make when determining the size of their emergency fund?

    When determining the size of their emergency fund, individuals and families in McAllen should aim for an amount equivalent to three to six months of their monthly expenses. If the individual is single or the sole income provider, aiming for a six to 12 months safety net is advisable. The focus should be on estimating expenses, not income, and include more than just fixed costs. Ultimately, the size of the fund should align with personal comfort levels and financial objectives.

  • What steps should a newly unemployed person in McAllen take to manage their financial situation?

    Newly unemployed people in McAllen should prioritize creating a budget focusing on essential expenses, eliminating non-necessities like subscriptions and eating out. They should promptly file for unemployment benefits if eligible. Negotiating with creditors for lower interest rates or deferred payments can ease financial stress. Additionally, ensuring healthcare coverage continuation and exploring part-time or temporary employment can provide added security during this transitional phase.

  • How can parents in McAllen teach their children about managing money wisely?

    Parents in McAllen can teach their children financial management by giving them practical money-handling experiences. Start with helping them grasp the concept of income, expenses, and budgeting, allowing them to allocate funds into categories like savings, spending, and charitable giving. Encourage savings habits early on, and consider assisting them in opening a child-friendly savings account. Having open discussions about family finances can offer valuable insights into their future aspirations.

  • What is the significance of creating a detailed budget for seniors in McAllen?

    For retirees in McAllen, generating a comprehensive budget plays a pivotal role in relieving financial anxiety. It entails a thorough breakdown of all income sources and expenditures, no matter how trivial they might appear. This approach accounts for significant costs and the smaller, often overlooked expenses, which can collectively strain their finances. By gaining an accurate picture of their financial landscape, seniors can effectively manage their assets and enjoy their well-deserved retirement years.

  • 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.