Best Financial Advisors in Austin, Texas

Looking for the right advisor for you? Datalign Advisory makes finding a financial advisor specific to your needs easier than ever.

A financial advisor can provide a broad knowledge of financial management and investment to your future.

Ready to find a financial advisor in Austin? Start with Benzinga’s list of the city’s best financial advisors to help guide your investments

Best Financial Advisors in Austin, Texas Near You:

  • Best for Long-Term Investing: Lucien, Stirling & Gray
  • Best Robo-Advisor: M1 Finance
  • Best for Life Insurance Planning: Lion Street Advisors
  • Best Mobile App: Betterment
  • Best for Holistic Approach: Austin Asset
  • Best Portfolio Analysis: Personal Capital
  • Best for Retirement Planning: Richard P. Slaughter & Associates
  • Best for Finding Financial Advisors: SmartAsset
  • Best for Risk-Averse Investing: Halbert Wealth Management

Best for Long-Term Investing: Lucien, Stirling & Gray

Lucien, Stirling & Gray is an Austin firm focused on long-term investing strategies. The majority of clients are individuals ready to maximize savings before retirement. You don’t need to be a millionaire to begin investing — the minimum to open a managed account is just $100,000. About 77% of clients are individuals that don’t qualify as high-net-worth. 

Its investing strategy might be somewhat conservative for younger investors, but the firm offers solid, safe solutions for older investors preparing for retirement.

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$178,167,612
  • Percentage of AUM
  • Hourly charges
  • Fixed fees (other than subscription fees)
$100,000
5
225
Phone number

Best For
Customizable Robo Investing

Best Robo-Advisor: M1 Finance

M1 Finance uses technology to help you manage your money. You can invest for free with no minimum required into stocks, exchange-traded funds (ETFs) or fractional shares. You can choose to customize your own investment portfolio or invest in expert picked portfolios. The robo-advisor can help with tax-efficiency, auto-investing, portfolio allocation and more. 

Once you have $10,000 in your account, you’ll qualify for low-cost borrowing. You can also open a FDIC-insured checking account with no monthly maintenance fees. If you upgrade to a M1 Plus account, you’ll get access to a 1% cashback debit card and a 1% APY on your checking account. 

Best for Life Insurance Planning: Lion Street Advisors

If you’re already using a wealth management service but are unsatisfied, consider Lion Street Advisors. Its team specializes in working directly with your former wealth management team to create a smooth transition in asset allocation and strategy. 

Lion Street Advisors works with nearly every type of client, from individual investors saving for retirement or college expenses to high-net-worth individuals who need to safeguard assets. No matter which investment class you fall into, Lion Street focuses on providing personalized, hand-selected and allocated portfolios to fit your individual needs.

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$820,893,806
  • Percentage of AUM
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
N/A
1,565
Phone number

Best For
ETF Investors

Best Mobile App: Betterment

Betterment’s mobile app is a seamless, straightforward way to manage your money. Like a traditional advisor, Betterment will analyze your finances and ask questions to match you up with an expert-picked portfolio. Portfolios consist of a diversified mix of international exchange traded funds (ETFs). 

Want more control over your investments? You can always adjust asset allocations with Betterment’s Flexible Portfolio. 

Betterment also offers savings, cash management and retirement planning. You can open a 401(k) or IRA and receive expert retirement advice. Annual fees start at 0.25%. If you want a more personal touch, upgrade to a Betterment Premium plan for 0.40% annually for unlimited access to Betterment’s team of financial advisors. 

Best for Holistic Approach: Austin Asset

Austin Asset is a top financial planning firm if you’re looking for holistic wealth management. It provides everything from investment management to life planning services for things like retirement, college and future health care needs.

Its investment strategies are custom-fitted to your specific needs. Its team even provides charitable planning services to help you channel your support to reputable causes.

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$845,696,666
  • Percentage of AUM
  • Other
N/A
13
120
Phone number

Best For
High Net Worth Individuals

Best Portfolio Analysis: Personal Capital

Personal Capital combines traditional financial advising with robo-advising to improve the way you manage your money. Personal Capital’s award-winning dashboard has free financial tracking tools that monitor your net worth, help you create a budget, plan for retirement and more. 

Personal Capital Cash is a cash management program that allows you to save your money while earning a higher interest rate than a traditional savings or checking account. The interest rate can range between 0.05% and 0.10% APY. 

Although financial tracking tools and Personal Capital Cash are free, you’ll need at least $100,000 in your accounts to talk with a registered financial advisor. Depending on the size of your assets, annual fees can range between 0.89% and 0.49%.

Best for Retirement Planning: Richard P. Slaughter & Associates

Richard P. Slaughter is a financial planning firm that primarily works with large-scale business and corporation owners. Its FiduciaryPlus 401(k) management and planning service is its primary offering. The FiduciaryPlus is a complete management solution for business owners who offer 401(k) plans to its employees. 

After a financial review and consultation, its advisors can provide  insights and recommendations for a 401(k) plan that serves both the individual needs of the employees and the cost-management needs of the business. 

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$507,386,338
  • Percentage of AUM
  • Hourly charges
  • Fixed fees (other than subscription fees)
$500,000
4
195
Phone number

Best For
Comparing Advisors

Best for Finding Financial Advisors: SmartAsset

Find the right financial advisor to prepare for your future with SmartAsset. Its platform connects investors, soon-to-be-retirees and retirees with financial advisors from across the country. 

SmartAsset provides you with free and secure access to the financial advisor marketplace. It sources advisors specifically for you based on your location, assets and personal preferences. 

Answer a brief survey regarding your preparedness for retirement, investment style and contact information. Then the SmartAsset’s algorithm can match you with the best financial advisor for you.

Best for Risk-Averse Investing: Halbert Wealth Management

If you’re an investor concerned about the possibility of an upcoming recession, Halbert Wealth Management might be the right financial advisor for you. Halbert’s investment strategy focuses 1st on building a “recession-proof” portfolio that produces modest returns — no matter the market conditions. 

Halbert can also provide guidance if you’re near retirement and worried about jeopardizing your future plans. Account minimums begin at just $50,000.

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$116,231,178

Percentage of AUM

Range from $50,000 to $500,000 depending on type of account
2
244
Phone number

Frequently Asked Questions

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How can I research the background of my financial advisor?

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How can I research the background of my financial advisor?
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You can research your financial advisor’s credentials, background and any disciplinary actions through the Securities and Exchange Commission (SEC) website.  

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Do financial advisors check your credit?

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Do financial advisors check your credit?
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There’s no credit requirement to work with a financial advisor. However, many can take a look at  your credit score and recommend ways to improve your score if you wish.

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Q

Do I need a financial advisor for retirement?

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Do I need a financial advisor for retirement?
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No, but it helps. Many investors find themselves more confident about reaching their retirement goals once they’ve created a strategy with a financial professional.

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Consulting with a Financial Advisor

A financial advisor or financial planner can help you overcome obstacles and achieve goals no matter where you are in life. Whether you want to pay down college debt more quickly, buy a home or save for retirement, a smart financial strategy is key. Reach out to a financial advisor and build a plan to meet your goals today. 

Methodology

To determine the top financial advisors in Austin, we pored through all SEC-registered advisory firms who have an office in Austin. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.

Continue reading: BEST TECH STARTUPS IN AUSTIN, RANKED