10 Best Financial Advisors in Dallas, Texas

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Contributor, Benzinga
March 25, 2024

Looking for the best financial advisors in Dallas? Benzinga readers often choose SmartAsset and Tolleson Wealth Management.

If you live in Dallas and are looking to plan for your future and grow your wealth, you should seek out a local financial advisor. Working with financial advisors in Dallas helps ensure the advisor understands your unique circumstances and can make recommendations accordingly. Find a listing of your best options to use your finances wisely.

Quick Look: Best Financial Advisors in Dallas, Texas

  • Best for Network of Financial Advisors: SmartAsset Advisors
  • Best for Individuals with High Net Worth: Tolleson Wealth Management
  • Best for Aviation Professionals: Smith Anglin
  • Best for Healthcare Professionals: Beaird Harris
  • Best for Fee-Only Financial Planning: Heritage Financial Planners
  • Best for Nationwide Offices: CAPTRUST
  • Best for Managing Trusts and Estates: Level Four Advisory Services
  • Best for Charities: Texas Capital Bank Private Wealth Advisors
  • Best for Entrepreneurs: True North Advisors
  • Best for Young Professionals: Lee Financial

Top 10 Financial Advisors in Dallas

Find a listing of the 10 best financial advisors in Dallas. Review the pros, cons and features of each to get paired with an ideal partner for you.

1. Best for Network of Financial Advisors: SmartAsset Advisors

SmartAsset Advisors helps pair you with a financial advisor that matches your profile. The algorithm will evaluate your location, investable assets and preference for how to work with your advisor. Then you’ll see a listing of the best advisors that match that criteria, whether they reside in Dallas or not. Data informs decisions and recommendations on the platform. 

Pros

  • Complete a 10-minute questionnaire to see your pairings
  • Custom options based on your needs
  • Multiple options for you to sort through to find what you’re looking for

Cons

  • Can lead to an abundance of calls and messages from financial advisors
  • No mobile app for managing relationships

2. Best for Individuals with High Net Worth: Tolleson Wealth Management

TOLLESON PRIVATE WEALTH MANAGEMENT

TOLLESON PRIVATE WEALTH MANAGEMENT

$5,563,283,533
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
N/A
N/A
Yes
42
4
  • Financial planning services
  • Selection of other advisers (including private fund managers)
  • INVESTMENT DUE DILIGENCE AND MONITORING
Address

5500 PRESTON ROAD STE 250 DALLAS TX, 75205

Phone number

214-252-3250

Tolleson Wealth Management features financial advisors with various specialties and certifications, including certified public accountants (CPAs), certified private wealth advisors (CPWAs), chartered financial analysts (CFAs) and personal financial specialists (PFSs) and more. The Tolleson family founded the firm to help others navigate financial complexities. It is committed to its community, investing the firm’s resources to better the area.

Pros

  • Competitive fee structure, with annual fees averaging 0.5-1.25% of assets under management
  • Variety of financial advice and tools available to handle all needs in one place
  • No disciplinary actions listed on SEC filing
  • Proven effectiveness with decades of experience in Dallas

Cons

  • Only for the wealthy with at least $10 million to manage and invest
  • Potential for conflicts of interest as the advisor recommends investments for which it receives incentives

3. Best for Aviation Professionals: Smith Anglin

SMITH ANGLIN FINANCIAL, LLC

SMITH ANGLIN FINANCIAL, LLC

$722,234,415

Smith Anglin Financial is a wealth management and financial planning service offering investment management, personalized retirement accounts, survivor benefit planning, estate management and more. Its core investment strategy is rooted in diversification and primarily long-term holdings, which makes its account management services best suited for those who are looking for safe, low-risk holdings. Smith Anglin’s most unique feature is its aviation financial management. If you’re a pilot or other member of an aviation crew, Smith Anglin can help you create a specialized wealth management or retirement program customized to the unique demands and expectations of your profession. There is no minimum account balance required to open an account with Smith Anglin.

  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
N/A
576
Yes
64
6
  • Financial planning services
  • Educational seminars/workshops
  • CONSULTING
Address

14755 PRESTON ROAD. SUITE 700DALLAS TX, 75254

Phone number

(972) 267-1244

Wondering whether you’re ready to retire from the aviation industry? Or are you looking for information on smart money moves? Turn to the team that’s been in business since 1967. Smith Anglin has special skills in advising pilots and their families in retirement readiness. 

Pros

  • Unique knowledge of aviation employee financials
  • No minimum account balance to work with the firm
  • Additional specialty in small-business accounting and planning

Cons

  • The firm is rapidly growing and adapting to serve customers beyond Dallas
  • Slightly higher than average fees

4. Best for Healthcare Professionals: Beaird Harris

BEAIRD HARRIS

BEAIRD HARRIS

$1,072,317,577
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
N/A
N/A
322
Yes
100
6
  • Financial planning services
  • Pension consulting services
Address

12221 MERIT DR STE 750DALLAS TX, 75251

Phone number

972-503-1040

Whether you’re seeking wealth management advice or planning for retirement, you’ll find experts at Beaird Harris. The advisors have a special skill set to help healthcare professionals understand unique tax scenarios and wealth-management strategies, including retirement planning. 

Pros

  • Understanding of special circumstances healthcare professionals face
  • Offers employees good benefits packages and work environment, which means great consistency in your financial advisor
  • Fee-only financial advisor (no commissions)

Cons

  • Minimum account size of $1 million required
  • Fees of no less than $10,000 annually

5. Best for Fee-only Financial Planning: Heritage Financial Planners

Whether you’re planning for retirement or looking to grow your wealth, Heritage Financial Planners offers a team to help you achieve your goals. From college funding advice to personal tax planning, the company is equipped to help you prepare for what comes next.

Pros

  • Fee-only advisor
  • Without commissions, you know the financial company is acting in your best interests
  • Financial advisors with various certifications to meet your needs

Con

  • Not specialized to help with business financials

6. Best for Nationwide Offices: CAPTRUST

CAPTRUST

CAPTRUST

$289,654,600,995
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
  • Performance-based fees
N/A
N/A
3,480
Yes
35
8
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Publication of periodicals or newsletters
Address

4208 SIX FORKS RD SUITE 1700RALEIGH NC, 27609

Phone number

919-870-6822

When you work with CAPTRUST, your portfolio can extend across bonds, individual equities and mutual funds. But your advisor will work with you to build your investor profile based on your needs, risk tolerance and liquidity requirements. With a large team operating out of three offices, you enjoy the benefit of diverse thinking and strategy. The Dallas office was Southern Wealth Management until CAPTRUST purchased it in July 2023.

Pros

  • Offices throughout the country
  • Large financial firm with immense resources
  • More than $700 billion in assets under management

Cons

  • $1 million account minimum
  • Only serves individuals, not businesses
  • CAPTRUST acquisition is still fairly new

7. Best for Managing Trusts and Estates: Level Four Advisory Services

LEVEL FOUR ADVISORY SERVICES

LEVEL FOUR ADVISORY SERVICES

$2,253,954,860
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
  • Other
N/A
N/A
5,750
Yes
53
8
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
  • Educational seminars/workshops
Address

5850 GRANITE PARKWAY SUITE 270PLANO TX, 75024

Phone number

972-665-0878

Level Four Advisory Services is a fee-only firm with a flexible fee structure that helps tailor the services to your needs. CEO Edmon “Jake” Tomes aims to humanize the financial industry with greater transparency and involve clients in their financial decisions. The company name comes from the concept of four levels of client service, including organizing a client’s finances, creating ways to reach goals, planning for the unknown and communicating clearly throughout the process.

Pros

  • Serves a variety of customers, including individuals, trusts, estates, pensions, profit-sharing plans and high-net-worth individuals
  • Large staff of advisors
  • Comprehensive financial advice, encompassing taxes, investments, family, business, insurance, retirement and more

Cons

  • Minimum account size varies
  • Fee schedules vary based on the type of service you select

8. Best for Charities: Texas Capital Bank Private Wealth Advisors

TEXAS CAPITAL BANK PRIVATE WEALTH ADVISORS

TEXAS CAPITAL BANK PRIVATE WEALTH ADVISORS

$1,109,442,708
  • A percentage of assets under your management
N/A
N/A
N/A
Yes
53
6
  • Financial planning services
  • Selection of other advisers (including private fund managers)
Address

2000 MCKINNEY AVENUE SUITE 1800DALLAS TX, 75201

Phone number

214-210-3092

Texas Capital Bank Private Wealth Advisors offers financial experts with varying certifications and expertise. This includes CPAs, chartered financial consultants, chartered financial analysts and chartered life underwriters. As a division of Texas Capital Bank, the organization has broad resources and a trusted name you can rely on.

Pros

  • Named 2022 Newsweek Most Trusted Bank
  • No minimum account size
  • Diverse portfolio options

Cons

  • Fee-based structure could lead to conflicts of interest
  • Bank customers complain of hidden fees

9. Best for Entrepreneurs: True North Advisors

TRUE NORTH RETIREMENT ADVISORS, LLC

TRUE NORTH RETIREMENT ADVISORS, LLC

$215,214,000
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
N/A
N/A
213
Yes
48
6
  • Financial planning services
  • Pension consulting services
  • Educational seminars/workshops
Address

10151 SE SUNNYSIDE ROAD, #400 CLACKAMAS OR, 97015

Phone number

(503) 387-6869

True North Advisors knows entrepreneurs uniquely because it takes an entrepreneurial mindset in everything it does. With more than $3.3 billion in assets under management, the firm is skilled in helping high-net-worth families manage that wealth and pass it on to the next generation.

Pros

  • Deep knowledge of entrepreneurial challenges and unique financial situations
  • Good standing with the Better Business Bureau
  • Podcast and supporting materials help users plan for their financial future

Cons

  • Variable results as far as financial growth
  • Mostly designed for high-net-worth families

10. Best for Young Professionals: Lee Financial

LEE FINANCIAL COMPANY, LLC

LEE FINANCIAL COMPANY, LLC

$1,016,117,493
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
N/A
279
Yes
84
6
  • Financial planning services
  • Selection of other advisers (including private fund managers)
  • INVESTMENT ADVICE TO INDIVIDUALS, PENSIONS, PROFIT SHARING PLANS, TRUSTS, ESTATES, CHARITIES, CORPORATIONS, BUSINESSES
Address

8350 N. CENTRAL EXPRESSWAY SUITE 1800DALLAS TX, 75206

Phone number

972-960-1001

One of the older financial firms on this list, Lee Financial dates back to 1975. It is a fee-only firm designed for individual investors, though it does serve corporations and charitable organizations. It specializes in wealth management, financial planning, alternative investments and investment management.

Pros

  • No account minimum
  • Fee-only firm
  • Employs diverse investment portfolios based on liquidity and growth needs

Cons

  • Smaller assets under management compared to others on the list
  • Fewer financial advisors on staff compared to some of the larger options on the list

How to Choose the Best Financial Advisor in Dallas

When you’re looking for the best financial advisor in Dallas, you want to know you’ve found a good match. Here are some considerations when building your requirements for the best advisor based on your needs.

  • Financial needs: Spend some time evaluating what you need assistance with. This will influence what type of financial advisor you work with. Consider whether you want to manage debt, grow wealth, gain tax advantages or create a financial plan.
  • Learn financial advisor types: Spend some time getting to know the lingo in the financial world. Some items to note include a fee-only fiduciary financial advisor, which means the advisor charges a fee for their services and does not get a commission. Investment advisors help oversee investments and must be registered with the U.S. Securities and Exchange Commission.
  • Weigh the pros and cons of individuals and robo-advisors: Robo-advisor accounts are popular, low-cost options for meeting financial goals, such as setting a retirement year and allowing it to balance risk as you age.
  • Evaluate what you can afford in fees: Depending on your situation, you might have more tolerance for paying fees than other individuals. If you have a lower budget to spend on fees, consider a robo-advisor account.
  • Experience: Look at the advisor’s experience levels and how long the firm has been in business. Verify certifications and claims to ensure you’re working with a reputable organization.

Grow Your Wealth

Finding the top financial advisors in Dallas will enable you to grow your wealth with smart money moves. Whether that means help with taxes or an investment strategy, you’ll find everything you need from good financial advisors in Dallas. Don’t wait to start making smart money moves to set yourself up for success.

Rebekah Brately

About Rebekah Brately

Rebekah Brately is an investment writer passionate about helping people learn more about how to grow their wealth. She has more than 12 years of writing experience, focused on technology, travel, family and finance. Her work has been published in Benzinga, Hearst Bay Area, FreightWaves and Dallas Observer publications.