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Best Financial Advisors in Richardson

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

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

Business Description

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.

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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
Yelp
4.0 / 5 (4)

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4.0
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Price: Free consultation

Apeiron logo
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Apeiron

10000 North Central Expy, Suite 700, Dallas, TX 75231
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  • Financial Planning

Business Description

Apeiron provides an array of wealth management solutions in the Richardson metro. It serves families and individuals who need social security analysis, account consolidation, and retirement preparation services. The company also deals with RMD income and collaborative planning, pension evaluation, and executive compensation and benefits review. In addition, its team creates tax minimization and charitable gifting strategies. One of the firm's financial advisors, Scott Hammel, has been in the industry since 2007. He is a member of the Financial Planning Association.

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)
Atlas Wealth Advisors logo
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Atlas Wealth Advisors

10000 N Central Expressway # 700, Dallas, TX 75231
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  • Estate Planning
  • Tax Planning
  • Retirement Planning

Business Description

Atlas Wealth Advisors is an investment advisory firm serving Richardson and surrounding communities. It assists individuals and families in crafting and implementing a financial strategy for retirement planning, investment management, and tax planning. Its team of advisors educates clients about the risks, missed opportunities, and the course of action that should be taken to achieve financial security in the future. The firm has been featured in different media publications such as Accounting Today, CPA Trendlines, and The Wall Street Journal.

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 (16)

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
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Chessman Wealth Strategies logo
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Chessman Wealth Strategies

7557 Rambler Road Suite 1010, Dallas, TX 75231
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  • Estate Planning
  • Tax Planning

Business Description

Chessman Wealth Strategies is a wealth management firm in Richardson. It offers a range of services from investment management to retirement planning. The company is led by Wade H. Chessman, who works as a financial planner. He graduated cum laude with a Bachelor’s degree in business from the University of Arkansas. Prioritizing their clients’ best interests, its advisors provide advice and customized financial planning. They also hold regular meetings with their clients.

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 (24)

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
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Exencial Wealth Advisors logo
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Exencial Wealth Advisors

2601 Network Boulevard, Suite 400, Frisco, TX 75034
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  • Retirement Planning
  • Financial Planning

Business Description

Since 2003, Exencial Wealth Advisors has been serving clients residing in Richardson and its surrounding areas. It utilizes an "integrated beats fragmented" approach in handling various aspects of investment management, like estates and taxes. Its financial advisors also provide assistance when it comes to completing a wide variety of tasks, such as filing taxes, developing estate plans, and managing cash flows. Exencial Wealth Advisors is previously known as Burns Wealth Management, a company established by John F. Burns.

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
Facebook
5.0 / 5 (22)
Google
5.0 / 5 (3)

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
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Gibson Wealth Advisors logo
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Gibson Wealth Advisors

700 Central Expressway S, Ste 400, Allen, TX 75013
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  • Wealth Management

Business Description

Gibson Wealth Advisors provides financial insight to individuals in Richardson. The firm aims to help clients protect their hard-earned assets through Social Security maximation, retirement strategies, and trust services, in addition to investment and financial planning. To better assist in determining the goals the clients set for themselves and their families, the firm's agents aim to understand the clients' current financial situation, including their expenses and assets. They aid them in organizing their finances by developing individualized strategies, reviewing the progress regularly, and making adjustments if necessary.

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)

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
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Guiding Wealth logo
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Guiding Wealth

2007 N Collins Boulevard Suite 503, Richardson, TX 75080
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  • Certified Financial Planner (CFP)

Business Description

Guiding Wealth is a financial and wealth management company that serves clients in Richardson and its surrounding areas. It provides a broad portfolio of wealth management products and services, including retirement planning and financial transition services. Hannah Moore, the firm's owner, is a certified financial planner and a financial transition expert. Moore believes that proper financial planning brings stability to any situation and provides her clients with a roadmap to look forward to in the future.

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
Lee Financial logo
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Lee Financial

8350 N. Central Expressway, Suite 1800, Dallas, TX 75206
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  • Investment Management
  • Financial Planning

Business Description

Lee Financial is an independent wealth management firm that has been serving Richardson and surrounding communities since 1975. It helps individuals and families in managing their financial planning needs and opportunities while considering the risks of unexpected circumstances. The plan can include personal financial statements, intergenerational wealth transfer, charitable foundation management, and philanthropic counseling. Its research team evaluates different kinds of investments such as equity, real estate, and private debt. The firm also offers portfolio solutions for investment management.

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.
4.8
Facebook
5.0 / 5 (8)

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
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Mills Wealth Advisors logo
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Mills Wealth Advisors

1207 S. White Chapel Blvd. Suite 150, Southlake, TX 76092
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  • Estate Planning

Business Description

Mills Wealth Advisors is a team that helps Richardson individuals and families with financial planning. Its specialists and retirement advisors start the process by setting up question-and-answer sessions to assess clients' goals. They advise customers with the most suited financial and investment plans based on their economic situations, risk tolerance, fears, and constraints. They help clients protect their wealth using various plans including disability and life insurances. Mills Wealth Advisors is a member of various organizations including the Financial Planning Association and Registered Investment Advisor.

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 (31)

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
Munn & Morris Financial Advisors logo
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Munn & Morris Financial Advisors

14180 Dallas Parkway, Suite 530, Dallas, TX 75254
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  • Certified Financial Planner (CFP)

Business Description

Munn & Morris Financial Advisors offers wealth management services to any clients within Richardson. It follows a Dynamic Allocation Investment Process that focuses on asset allocation, portfolio rebalancing, and the establishment of relative strength. Its client-focused approach relies on regular meetings, progress tracking, clear communication tools, and coordination with a chosen financial team. With over 75 years of collective experience, its professionals can cover various areas of expertise, including wealth, estate, and retirement planning, as well as investment management.

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)

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
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Detail
North Texas Wealth Management logo
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North Texas Wealth Management

6600 Naaman Forest Blvd., Garland, TX 75044
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  • Investment Management
  • Financial Planning

Business Description

North Texas Wealth management is a financial advisory firm that has been serving clients in Richardson since 1968. Its advisors and Certified Financial Planners create and implement financial plans for individuals through tax planning, income strategies, and investment management. The company partners with CPAs, insurance providers, and estate planning attorneys to create custom retirement and financial strategies for clients. Mike Crews, the company's CEO, was recognized as among the best financial planners in 2020 by D Magazine.

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 (3)
Facebook
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
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Optimum Investment Advisors logo
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Optimum Investment Advisors

5930 LBJ Freeway Suite 401, Dallas, TX 75240
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Serving Richardson, Optimum Investment Advisors advises individuals who want to better manage their financial situation, who are seeking a second professional opinion about an existing plan, or who have had an immediate or unexpected need due to certain life events. The financial plan considers a variety of life goals such as buying a new home, planning for retirement, or protecting the family against financial risks. The firm's CEO, Terry McCaffrey, previously served as the chairman of the Board of Metropolitan Family 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.
5.0
Google
5.0 / 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
Retirement Planners of America logo
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Retirement Planners of America

2820 Dallas Parkway, Plano, TX 75093
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  • Estate Planning
  • Tax Planning

Business Description

Retirement Planners of America offers a range of financial advisory services to retired individuals in Richardson. It helps protect the retirement savings of clients and assists them throughout their investment planning journey. It provides advice regarding retirement-related subjects, such as Social Security, family legacy planning, and income tax planning. The agency conducts virtual seminars for those who are unable to leave their homes. Kenneth A. Moraif, one of the firm's professionals, is a Chartered Retirement Planning Counselor. He has been featured in Forbes and The Wall Street Journal.

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.
4.8
Google
4.7 / 5 (64)
Facebook
5.0 / 5 (49)

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
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Helpfulness
Detail
RGT logo
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RGT

5950 Sherry Lane, Suite 600, Dallas, Tx 75225
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  • Finance Planning
  • Financial Planning

Business Description

RGT is a wealth advisory firm serving clients in Richardson and the surrounding areas. It consists of advisors aiming to help clients by being listeners, collaborators, and effective practitioners. Its managing director, Adam Goldenberg, holds over 17 years of industry experience. He specializes in investment management, financial independence planning, portfolio construction, and charitable giving. Goldenberg participates in numerous community organizations, including the Dallas Benefit Dinner. He is also a member of the Dallas Financial Planning Association.

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)

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
SFMG Wealth Advisors logo
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SFMG Wealth Advisors

7800 Dallas Parkway, Suite 350, Plano, Tx 75024
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  • Finance Planning
  • Financial Planning

Business Description

SFMG Wealth Advisors is a private entity established in 1992. It provides comprehensive wealth management and alternative investment planning solutions to clients in Richardson. Its services include investment portfolio management, tax planning, estate planning, retirement and insurance planning, and cash flow assessment. SFMG Wealth Advisors also has a multi-generation team of financial experts catering to the specific needs of entrepreneurs, executives, and established professionals. They handle executive compensation outlining, charitable planning, and succession planning for corporations.

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

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
Tannery logo
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Tannery

740 E Campbell Rd. Suite 120, Richardson, TX 75081
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  • Investment Management
  • Financial Planning

Business Description

Tannery is a financial services firm that assists individuals in Richardson and the surrounding locations. Its team offers wealth management services, which involve creating investment plans, assessing risks, and building net worth. The company's principal advisor, Michael Tannery, also helps women and their divorce lawyers separate assets and finances during a divorce. The Certified Divorce Financial Analyst, who is also a CPA, creates net-worth statements and manages post-divorce assets. He also holds the Accredited Investment Fiduciary designation.

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.
4.5
Google
5.0 / 5 (7)
Yelp
1.0 / 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
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Detail
Westbrooks Dugger & Westbrooks Financial logo
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Westbrooks Dugger & Westbrooks Financial

2600 N Central Expy #575, Richardson, TX 75080
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  • Tax Planning
  • Estate and Trust Specialist
  • Finance Planning

Business Description

Westbrooks Dugger & Westbrooks Financial is a group of advisors that provides goal-driven financial strategies to individuals, families, and business owners in Richardson and the surrounding areas. Its team offers a variety of services, including risk management, tax planning, charitable strategies, and estate planning. It also offers other services such as fiduciary duty, investment platform, employee education, and plan design. With over 50 years of helping clients, the company's services combine hands-on techniques with unyielding commitment for maximum outcome.

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)

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
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Back to Providers

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.

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.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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