Known for great neighborhoods, strong education and iconically authentic Texas cuisine, Plano has been an American hotspot for financial growth and wellbeing. Living in the Plano area gives you multiple routes for finding the right financial advisor for you and your family. Keep reading to see how Benzinga lays down the foundation for managing your valuable assets.
Best Financial Advisors in Plano, Texas Near You:
- Best for Risk Management: CU Investment Solutions LLC
- Best Robo-Advisor: M1 Finance
- Best for Global Clientele: Fisher Investments
- Best Portfolio Analysis: Personal Capital
- Best for Additional Investment Services: Comerica Securities, INC.
- Best for Government Employee Retirement: ICMA Retirement Corporation
Best for Risk Management: CU Investment Solutions LLC
Since 1998, CU Investment Solutions LLC has been providing the city of Plano with risk management reporting, investment supervisory services, portfolio accounting and consulting services. It professionally tailors specific services for your assets based on your specific needs and unique requirements. It first lays out a Corporate Strategies Agreement for you, outlining the exact services to be rendered and the fees to be charged as agreed upon by you and one of three advisors. It also charges you an hourly fee for special projects or services outside of general services outlined in the agreement.
Best Robo-Advisor: M1 Finance
M1 Finance is the money management platform that lets you manage your financial wellbeing easily, effectively, and at no extra cost. With M1 you can transfer funds, set up direct deposits and spend with a debit card like most banking institutions. M1 also allows you to invest in fractional shares, build a customized asset portfolio and automate your investment schedule. With M1, you can borrow up to 35% of your portfolio’s value at low rates and borrow 2% while earning 1% cashback with a new M1 account, no account balance required.
Best for Global Clientele: Fisher Investments
Using high-tech software and databases in screening for the best qualitative and quantitative investment considerations for your assets, Fisher Investments has a global clientele of diverse investors including corporations (including 401(k) solutions), governments and high-net-worth individuals across the United States and the rest of the world. It offers a broad selection of U.S. and global equity strategies with various capitalization and style orientations, with the core of Fisher Investment’s fiduciary services based on maintaining a culture of ethics and integrity, with clear and transparent communication with you as a client.
Best Portfolio Analysis: Personal Capital
Personal Capital gives you a complete view of all your accounts in a single, secure platform, helping you easily manage a budget and track your spending. Advisors at Personal Capital like to offer tax optimization strategies and create a plan to meet your long-term and short-term investment milestones. You can also access free investment management tools to track your multi-asset portfolio in addition to top-notch management services for your assets of a minimum of $100,000.
Best for Additional Investment Services: Comerica Securities, INC.
Comerica Securities, INC. is a non-bank affiliate of Comerica, INC., and a part of Comerica’s Wealth Management Division. Comerica’s Wealth Management team includes various divisions of Comerica Bank and affiliates of Comerica Bank. Comerica Securities can provide you services such as:
- Personal portfolio advisory
- Fund strategist portfolios
- Guided portfolios program
- Separately managed accounts
- Unified account management
- Envestnet Advice Logix
- Envestnet Tax Overlay Services
- Envestnet Impact Services
Comerica Securities doesn’t limit its investment advising to specific types of investments or securities, and the firm maintains an approved list of mutual funds and mutual fund families for the firm’s managed investment advisory accounts that purchase a mutual fund.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Pension consulting services
- Selection of other advisers (including private fund managers)
411 WEST LAFAYETTE BLVD. DETROIT MI, 48226
Best for Government Employee Retirement: ICMA Retirement Corporation
Since 1972, ICMA Retirement Corporation is a non-profit financial advisory firm that assists state and local governments (and their agencies, instrumentalities and certain non-profit entities) in establishing deferred compensation and qualified retirement plans for their employees. ICMA Retirement can offer you a full range of retirement planning services including administration, recordkeeping and educational services. The firm also offers “Other Post-Employment Benefits” to unaffiliated, third-party, registered mutual funds and exchange-traded funds on a non-discretionary basis.
Frequently Asked Questions
Do financial advisors check your credit?
According to US News, a survey from August of 2013 shows that debt (and credit information) is the number one thing that clients keep from sharing with their financial advisor. Though you may be ashamed to share your credit history with the stranger in a suit sitting across from you, your credit history is a crucial part of any future strategy you and your advisor discuss. Discussing credit with your advisor can help you find ways to invest as much as you can into your IRA and/or 401k for retirement while being mindful of the restrictions that come with a less-than-desirable credit history, especially if you are still paying off debt every month.
Can I talk to a financial advisor for free?
Usually, the first consultation is free. After that, some type of fee or cost will be charged. It’s more common for clients to work with an advisor on a continual basis in order to build an investment portfolio, for which clients pay their advisor a percentage of the assets they help manage over time. It would be difficult to find an advisor that offers any services at no cost, but services from robo-advisors that cost as low as half of in-person advising is becoming more and more popular.
Which certifications should my financial planner have?
Certifications that financial advisors should have fall into two categories: securities licenses and advisory designations.
Securities licenses basically allow your advisor to run their business as a whole: to buy or sell stocks, bonds, insurance products or to give financial advice as a service. These licenses are overseen by The Financial Industry Regulatory Authority (FINRA), and the most common of these certifications are series 6 and series 7.
Advisory designations include certified financial planner (CFP) and chartered financial analyst (CFA). An earned CFP shows that your financial advisor has completed the coursework, examinations and work experience to provide you with official, credible services. A CFA shows that your financial advisor can provide advanced investment analysis and portfolio management.
Final Thoughts On Financial Advisors in Plano, Texas
If you live in the Plano area, you already have multiple avenues in which to go for finding the right financial advisor that can work with your specific needs and preferences. The basis for finding the outlet to best guide you with your assets comes down to keeping yourself informed on credentials, fees and diverse experience a firm has to meet your standards.
To determine the top financial advisors in Plano we pored through all SEC-registered advisory firms who have an office in Plano. To winnow down the list we only included advisors who were registered fiduciaries, had 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 offered both investment management and planning, had no conflicts of interest, had offices in multiple states, have a wrap fee program and have over $50 million in assets under management.