How we compiled this list: We asked every wealth management firm and team in the Dallas-Fort Worth chapter of the Financial Planning Association, the Chartered Financial Analyst Institute, and the Investments and Wealth Institute to tell us about their practices. The final list was selected based on these criteria: top firms or teams must have total assets under management for individual clients of at least $100 million; average assets under management per client of at least $1 million; a 95 percent client retention rate over the last two years; and no current disciplinary actions. Additionally, all firms (or teams, should the team apply as an entity separate from its parent company) must have been in existence for at least five years as of the application deadline (June 15, 2020). They must also hold themselves out as fiduciaries for their clients and provide them with a written disclosure. A panel of esteemed local wealth managers reviewed the final list. All numbers are current as of the application deadline. Out of the 43 that applied, 33 firms and teams were selected.
| Advisory Practice Name | City | Phone | Total AUM for Individuals | Average AUM Per Client | Clients to Advisor Ratio | Years in Existence | Firm Model |
|---|---|---|---|---|---|---|---|
| Birch Capital Management | Dallas | 214-810-2824 | $155,000,000 | $5,800,000 | 14:1 | 10 | Independent RIA |
| Cadent Capital | Dallas | 972-441-4554 | $401,000,000 | $2,900,000 | 23:1 | 9 | Part of an Independent Broker Dealer |
| The Calandro Group at Merrill Lynch | Dallas | 214-969-2324 | $718,000,000 | $4,500,000 | 53:1 | 11 | Part of a Broker Dealer |
| Carter Financial Management | Dallas | 214-363-4200 | $1,160,000,000 | $1,300,000 | 52:1 | 43 | Part of an Independent Broker Dealer |
| CFO4Life Group LLC | Coppell | 214-637-9500 | $950,000,000 | $2,000,000 | 75:1 | 20 | Independent RIA |
| Cypress Point Wealth Management | Dallas | 214-736-8887 | $683,000,000 | $4,125,000 | 56:1 | 13 | Independent RIA |
| Fortune Wealth Management LLC | Dallas | 972-716-8002 | $262,000,000 | $1,440,000 | 61:1 | 37 | Independent RIA |
| Frontier Investment | Dallas | 972-934-2590 | $3,183,776,432 | $1,695,070 | 60:1 | 25 | Independent RIA |
| Generational Wealth Advisors | Richardson | 972-378-1795 | $197,000,000 | $1,100,000 | 26:1 | 15 | Independent RIA |
| Heritage Financial Planning | Dallas | 214-446-2100 | $175,000,000 | $1,584,000 | 40:1 | 17 | Independent RIA |
| HFS Wealth Management | Dallas | 214-346-0785 | $722,000,000 | $2,400,000 | 23:1 | 26 | Independent RIA |
| J.K. Financial Inc. | Dallas | 214-706-4300 | $144,000,000 | $1,225,000 | 50:1 | 25 | Independent RIA |
| Keener Financial Planning LLC | Keller | 817-993-0401 | $147,516,845 | $1,446,243 | 21:1 | 12 | Independent RIA |
| The Kravitz Group at UBS Financial Services | Dallas | 469-440-0547 | $880,000,000 | $3,200,000 | 68:1 | 38 | Part of a Broker Dealer |
| Lee Financial | Dallas | 972-960-1001 | $1,100,000,000 | $2,900,000 | 18:1 | 45 | Independent RIA |
| Legacy Consulting Group | Plano | 972-599-4750 | $230,356,017 | $1,633,731 | 35:1 | 23 | Independent RIA & Part of an Independent Broker Dealer |
| Murphy & Sylvest | Dallas | 214-373-8362 | $131,047,834 | $1,899,244 | 34:1 | 7 | Independent RIA |
| Optima Asset Management Inc. | Dallas | 972-726-0400 | $534,508,857 | $5,577,779 | 48:1 | 25 | Independent RIA |
| Park Cities Group at Steward Partners Global Advisory LLC | Dallas | 214-450-4733 | $250,000,000 | $1,200,000 | 50:1 | 14 | Independent RIA & Part of an Independent Broker Dealer |
| Perryman Financial Advisory Inc, | Dallas | 972-770-4800 | $420,000,000 | $2,000,000 | 50:1 | 37 | Independent RIA |
| Promus Advisors LLC | Dallas | 214-612-5752 | $291,239,604 | $8,565,871 | 18:1 | 9 | Independent RIA |
| Quest Capital Management Inc. | Dallas | 214-691-6090 | $1,250,239,669 | $1,896,773 | 54:1 | 33 | Independent RIA & Part of an Independent Broker Dealer |
| RBC Wealth Mangement | Dallas | 214-775-6485 | $245,000,000 | $3,600,000 | 75:1 | 13 | Part of a Broker Dealer |
| RGT Wealth Advisors | Dallas | 214-360-7000 | $4,335,439,040 | $7,600,000 | 15:1 | 35 | Independent RIA |
| RSA Family Wealth at the Rockefeller Global Family Office | Dallas | 972-761-5045 | $613,172,831 | $3,600,000 | 41:1 | 9 | Part of an Independent Broker Dealer |
| SchlegelDunn LLC | Plano | 972-731-6788 | $127,000,000 | $1,100,000 | 39:1 | 15 | Part of an Independent Broker Dealer |
| SFMG Wealth Advisors | Plano | 972-960-6460 | $1,545,990,331 | $2,629,235 | 59:1 | 25 | Independent RIA |
| Southwestern Investment Group | Frisco | 214-872-4500 | $138,000,000 | $1,100,000 | 60:1 | 18 | Independent RIA |
| Strata Wealth Advisors LLC | Dallas | 214-420-7020 | $265,000,000 | $4,900,000 | 27:1 | 17 | Independent RIA |
| Strategic Wealth Partners PLLC | Addison | 972-361-3861 | $350,000,000 | $1,500,000 | 100:1 | 27 | Part of a Broker Dealer |
| Tiedemann Advisors | Dallas | 214-855-2200 | $1,100,000,000 | $23,000,000 | 20:1 | 21 | Independent RIA |
| Tolleson Wealth Management | Dallas | 214-252-3250 | $6,630,904,897 | $35,000,000 | 7:1 | 20 | Independent RIA |
| True North Advisors | Dallas | 214-360-7300 | $1,614,554,164 | $2,847,878 | 44:1 | 20 | Independent RIA |
