Want to optimize your finances and save more? Benzinga readers could consider SmartAsset, Texas Legacy Wealth Management or Empower as three of the best financial advisors in San Antonio, Texas.
San Antonio has been rising as a desirable city and was ranked the third-fastest-growing city by the U.S. Census Bureau last year. With a warm year-round climate, access to other major Texas cities, a diverse population, world-class attractions and a low cost of living, people have found many reasons to move to San Antonio. It’s also a great place to start planning for your financial future.
You can find many skilled San Antonio financial advisors. Benzinga has done the work for you by researching financial advisors to give you options for different stages of life and financial goals. Read on the best financial advisor in San Antonio options to choose the advisor to help you reach your goals.
Quick Look: Financial Advisors in San Antonio Near You
- Best for Custom Financial Advice: SmartAsset
- Best for Retirement Planning: PAX Financial Group
- Best for Goals-Based Planning: Texas Legacy Wealth Management
- Best for Portfolio Analysis: Empower (formerly Personal Capital)
- Best for Diverse Financial Solutions: SWBC Investment Company
- Best for Customized Solutions: Strategic Financial Concepts
Best Financial Advisors in San Antonio, Texas
While planning to build wealth, you can learn about the mistakes people make when choosing a financial advisor. Then, consider the questions to ask a financial advisor and whether you need a financial advisor vs. an investment advisor. Prepared with that information, you can find some of the best San Antonio financial advisors to offer personalized solutions here.
1. Best for Custom Financial Advice: SmartAsset
If you’re looking for customized solutions from a San Antonio financial advisor to help you reach your personal goals, consider SmartAsset. SmartAsset's platform connects investors, soon-to-be-retirees and retirees with financial advisors nationwide. You can find a financial advisor specialized in your needs.
SmartAsset is an excellent starting point for anyone new to the world of financial advisors. As the first comprehensive solution for easily and securely pairing investors with financial advisors, SmartAsset provides free and secure access to the financial advisor marketplace and sources advisors who are right for you based on your location, assets and personal preferences.
To get started, you’ll need to complete a brief survey regarding your preparedness for retirement, investment style and contact information so SmartAsset’s algorithm can match you with the best financial advisor for you. While this service works nationwide, residents of San Antonio can find excellent solutions with a few clicks.
2. Best for Retirement Planning: PAX Financial Group
PAX Financial Group employs top financial advisors and certified financial planners (CFPs) who can help you manage your wealth to live the life you’ve always imagined.
PAX Financial Group focuses on its PIVOT system, which prepares you for a retirement that is active and fulfilling. While retirement might imply that you're no longer needed, the PIVOT system plans for both short and long-term financial goals so you can enjoy life to the maximum.
The PIVOT system separates and sorts your assets into varying investment classes. By dividing your money into buckets with varying risk levels, PAX helps you keep your retirement income safe and protected while you grow wealth to pass on and maintain your emergency fund.
PAX Financial Planning can help you save for retirement and leave a legacy for your descendants. PAX doesn’t require a minimum account balance to get started with its service. While it offers management to corporations and high-net-worth individuals, it focuses most of its resources on individual retirement planning.
The fee structure varies by service and could be a percentage of assets under management, hourly charges or fixed fees.
3. Best for Goals-Based Planning: Texas Legacy Wealth Management
Texas Legacy Wealth Management involves a team of financial advisors in San Antonio who focus on individual goals and growth potential to optimize your portfolio and help you achieve long-term returns. Texas Legacy Wealth Management goes the extra mile to ensure that your investment strategy matches your unique needs and goals.
At your initial meeting with Texas Legacy, you’ll tell your personal financial planner a little more about the assets you currently own, your family and where you’d like to be in the next 5, 10 or 20 years. From there, an advisor from Texas Legacy’s team will analyze your account and draft an individual financial plan and roadmap for you to present at your next meeting.
Texas Legacy Wealth Management takes a two-meeting approach to all of its clients to ensure that the investment strategy they’re using matches up with your unique investment goals. After the initial meeting about your goals, Texas Legacy’s team will analyze your account and draft an individual financial plan and roadmap for you, which it will present at the next meeting. If you’re looking for a more individualized approach to building wealth and reaching your financial goals, Texas Legacy could be a good fit.
The fee structure varies by service and could be a percentage of assets under management, hourly charges or fixed fees. The account minimum for optimum markets portfolios is $15,000.
4. Best for Portfolio Analysis: Empower
Empower is a low-cost solution for tracking and managing your financial life. It offers award-winning financial tools and personal attention from registered financial advisors for significantly less than traditional financial advisors.
As a starting point, Empower gathers all your accounts in one place and helps you visualize your goals and spending patterns.
If you want to consult a real person and get tax optimization strategies and other benefits, you need an account minimum balance of $100,000. There's a 0.89% fee for the first $1 million, and fees are reduced the more you have.
5. Best for Diverse Financial Solutions: SWBC Investment Company
SWBC Investment Company is a financial planning service based in San Antonio. In addition to investment management, SWBC offers business and pension solutions from wealth management or life insurance to corporate investing.
SWBC gives you individualized investing plans and solutions on a case-by-case basis. SWBC has been in operation since 2007 and employs nearly 2,600 people nationwide. It is licensed to do business in all 50 U.S. states.
SWBC doesn’t follow a singular investment philosophy, meaning it can offer specialized solutions based on each client's individual requirements. Although there is no minimum portfolio balance required to get started working with SWBC, the majority of its clients are high-net-worth individuals or businesses. If you need a one-stop shop for business management or already have a significant investment portfolio, SWBC might be the right financial advisor for you.
The fee structure varies by service and may include a percentage of assets under management, an hourly charge or fixed fees.
6. Best for Customized Solutions: Strategic Financial Concepts
Strategic Financial Concepts (SFC), based in San Antonio, specializes in helping clients to protect, preserve, and accumulate wealth. SFC can help you with all type of financial planning, from investment management to insurance strategies
Specialized services are tailored to individuals, families, and businesses. SFC uses three custodians: Charles Schwab, TD Ameritrade, and LPL Financial. SFC matches the company or companies to each client instead of the other way around.
With the goal of setting a new standard for respect, leadership, and “doing right” by its clients, SFC has an innovative, customer-centric approach.
Do You Need a San Antonio Financial Advisor?
If you're just starting out on your investment journey, you can check out Benzinga's investment guides and tools. You can also consider investing in low-cost index funds or using robo-advisors to build your portfolio. But as you grow your wealth and plan for retirement or other goals, a financial advisor can be a valuable resource.
The financial advisors above offer unique insights into wealth management and can help you reach customized goals. Whether you want to focus on ESG investing or take an aggressive wealth-building approach, the right financial advisor can help you build a diversified, risk-balanced strategy to reach your goals. Just be sure to choose a fiduciary financial advisor to protect your interests.
Need more ideas? You can find the best online financial advisors, the best overall financial advisors or the best financial planning software. You can also learn more about the difference between a financial advisor vs. financial planner to choose the right financial planning solution for you.
Frequently Asked Questions
Is it worth paying for a financial advisor in San Antonio?
San Antonio financial advisors can help you reach big and small financial goals and structure long-term wealth-building habits. As you grow your net worth or if want to reach your goals faster, it can be worth consulting a financial advisor with fiduciary responsibility.
How much will a financial advisor cost in San Antonio?
How much a financial advisor costs in San Antonio depends on their services. The fee structure varies by service and could be a percentage of assets under management, hourly charges or fixed fees. Costs could be $200 to $400 per hour or a flat fee of $1,000 to $3,000 for a one-time service. However, costs vary by provider. You can learn more about financial advisor fees and costs here.
What is an appropriate fee for a financial advisor in San Antonio?
Financial advisor fees vary by service, but 1% is fairly standard. From a regulatory perspective, charging more than 2% is usually prohibited, but you could find fees as low as 0.25%. Flat-rate fees could range from hourly to flat fees of $1,000 to $10,000 or more.
How much money should you have to see a financial advisor in San Antonio?
How much money you should have to see a financial advisor depends on your individual situation. Some financial advisors require clients to have a minimum of $500,000 or $1 million, while others don’t have a stated minimum.
About Alison Plaut
Alison Plaut is a personal finance writer with a sustainable MBA, passionate about helping people learn more about financial basics for wealth building and financial freedom. She has more than 17 years of writing experience, focused on real estate and mortgage, business, personal finance, and investing. Her work has been published in The Motley Fool, MoneyLion, and she is a regular contributor for Benzinga.