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Best Financial Advisors in McKinney

2024

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

McKinney, TX
  • Estate Planning
  • Financial Planning
  • Retirement Planning
  • Investment Management

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Price: Free Consultation

McKinney, TX

Why choose this provider?

Need help contacting a Financial Advisor in McKinney? 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.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Price: Free booking service | Call 848.Book.Pro!

Website
3900 South Stonebridge Drive, McKinney, TX 75070
  • Estate Planning
  • Retirement Planning

Why choose this provider?

Yield Financial Advisors offers comprehensive financial planning to the residents of McKinney, and around the country. The firm assists clients in analyzing their budgets and cash flows, helps individuals make financial plans, and performs investment management and legacy planning all in line with clients' goals and their vision. Its portfolio management process begins with a clients’ risk assessment, helping them understand what risks are, and where they fit on the scale of conservative to aggressive. Clients and small business owners also receive guidance on tax strategies. Additionally, We assist people in preparing for a Secure Tomorrow.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1402 South Custer Road, McKinney, TX 75070
  • Retirement Planning
  • Tax Planning

Why choose this provider?

John Harman, CPA PLLC is a McKinney-based financial advisor and accountant. The firm's financial services division, Harman Rogowski & Associates, handles retirement and estate planning, insurance and annuities consulting, tax and investment advising, and education funding. It was featured in The Wall Street Journal, Fortune Magazine, and Texas Monthly. Managing partner John Harman has been serving the metro for more than 33 years. He and his team also provide business advising, bookkeeping, and payroll services.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (166)
Yelp
4.0 / 5 (17)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
8751 Collin McKinney Parkway, McKinney, TX 75070
  • Estate Planning
  • Retirement Planning
  • Insurance Products
  • Tax Planning

Why choose this provider?

Wheat Givens Financial serves residents in McKinney and its neighboring areas. The firm's approach to financial planning includes evaluating clients' current financial information, clarifying their financial goals, and establishing regular consultations to ensure they are following the set plan. It also offers investment services and risk planning for clients who want to supplement their financial plans. In addition to personal finance concerns, the firm also helps small business owners who want to offer investment plans to their employees.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
8951 Collin McKinney Parkway, McKinney, TX 75070
  • Retirement Planning

Why choose this provider?

Legacy Financial Advisors serves the McKinney metro and the neighboring areas. Its customized financial planning services involve evaluating a client’s financial situation and implementing strategies that fit their needs and goals. The firm offers investment management services and develops risk protection solutions through products such as annuities, income protection, long-term care, life insurance, and business transition planning. Financial planner and partner Natasha Verbsky started in the industry as a financial advisor in 1999. She is a registered representative of Cetera Advisor Networks LLC.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
7651 Eldorado Parkway, McKinney, TX 75070
  • Retirement Planning

Why choose this provider?

Guideline Capital Management is a registered investment advisory firm that delivers wealth management strategies to clients in McKinney and its neighboring metros. It offers financial planning, asset protection and estate planning, retirement income strategies, insurance, and risk management. Additionally, it provides access to market-based and alternative investments, exchange-traded funds, mutual funds, bonds, and equities. It also handles business and personal tax plans. The company's founder, Jeffrey Reddick, has over 20 years of experience in the financial industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
119 West Virginia Street, McKinney, TX 75069
  • Certified Financial Planner (CFP)

Why choose this provider?

Legacy Planning Group has been offering financial advice to clients in the McKinney area and surrounding communities since 1998. Its advisors provide various services, such as estate planning, retirement planning, asset protection planning, and Social Security guidance. The firm customizes each financial plan to help clients achieve their personal goals and needs. Legacy Planning Group's founder, Patrick J. Cloutier, has been working in the financial industry since 1987. He was previously a board member for Volunteer McKinney, serving as chair for two years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Frequently Asked Questions

  • 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 are the available options for individuals in McKinney with unused 529 plan funds?

    Starting in 2024, individuals in McKinney can transfer unused 529 plan funds to their beneficiary's Roth IRA for retirement. This applies if the 529 account is 15 years old, the beneficiary's income matches or exceeds the transfer, and the transfers remain under a $ 35,000 lifetime cap. Roth IRA annual contribution limits apply, but income thresholds don't. Further guidelines may be introduced by the SECURE Act 2.0 or Texas law.

  • What should investors in McKinney do when they encounter an investment promising extraordinarily high returns?

    When an investor in McKinney encounters an investment promising extraordinarily high returns, they should request concrete documentation like a fund prospectus or the latest annual report. Any hesitation or inability to provide these might suggest a possible Ponzi or pyramid scheme. If the investment appears excessively profitable, it may be deceptive. Thus, investor vigilance and thorough verification are crucial.

  • What options do McKinney residents have for short-term cash management?

    Individuals in McKinney have access to money market mutual funds, treasury bills, and certificates of deposit for short-term cash management. Money market mutual funds amalgamate resources from different investors to purchase sizable money market instruments. Treasury bills, issued by the U.S. government, serve as IOUs with maturities between three months to a year. Certificates of deposit bought from local banks offer a stable interest rate, although early withdrawal could result in penalties.

  • What retirement planning options are available to self-employed workers in McKinney?

    Self-employed workers in McKinney have access to different retirement preparation avenues, including Simplified Employee Pension IRA, Simple IRA, Simple 401(k), and Solo 401(k). These strategies are available to those who have carved out their own professional pathways, either full or part-time. Offering the advantage of tax-sheltered accumulation, these plans provide an essential security mechanism for McKinney's autonomous workforce transitioning into retirement.

  • How can individuals in McKinney manage their money effectively and reach their financial goals?

    Individuals in McKinney can control their finances by adopting the four A's system: Accounting, Analysis, Allocation, and Adjustment. By accurately documenting all income and expenditures, examining their financial condition, determining monetary priorities, and regularly reviewing and adjusting as needed, they can make informed decisions. This disciplined approach enables individuals to reduce unnecessary spending, thus accelerating debt repayment and long-term investments.

  • 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.