The Wealthtender Guide to

Financial Advisors in Houston

Looking for a Financial Advisor in Houston?

Whether you live inside the loop or prefer a quieter life in the Houston suburbs, you’ll find dozens of financial advisors within a few miles of home. But how do you find the best financial advisor for your individual needs?

It’s important to first consider your own financial planning priorities before choosing an advisor. Here are a few quick tips to help you get started along with Houston financial advisors featured on Wealthtender you may want to add to your list.

Read More

The Benefits of Hiring a Financial Advisor in Houston

Hiring a financial advisor can be a great move to help you build a long-term investing strategy. Advisors can help you build an investment portfolio to meet your financial goals, as well as help you plan appropriately for retirement.

As a Houstonian, hiring a financial advisor who lives nearby and understands the local economy, cost of living and regional employers can be quite valuable, especially if your individual circumstances are deeply tied to such factors.

Who are the largest employers in Houston, Texas?

According to May 2020 research from the Greater Houston Partnership, Houston’s top employers include:

Over 20,000 Employees

  • H-E-B
  • Houston Methodist
  • Memorial Hermann Health System
  • UT MD Anderson Cancer Center
  • Walmart

10,000 to 19,999 Employees

  • ExxonMobil
  • HCA Houston Healthcare
  • Kroger
  • Landry’s
  • Schlumberger
  • Shell Oil Co.
  • Texas Children’s Hospital
  • United Airlines
  • UT Health Sciences Center
  • Wood Group

Do you work for one of the largest employers in Houston? If so, there’s a good chance the local financial advisor you hire will have other clients who work there, too. This knowledge could prove valuable if they are already familiar with your employee benefits such as a 401(k) plan, Health Savings Accounts and other components of your total compensation package.

When you reach out to financial advisors you’re considering hiring, let them know where you work and ask if they are familiar with the unique benefits and compensation structure offered by your employer.

Quick Tips For Hiring a Houston Financial Advisor

Before hiring a financial advisor in Houston, here are few quick tips to help you find the best advisor for you.

1. Decide Which Services You Need

Before hiring an advisor, determine what services you need from them. Whether it’s full-service investment management, or a plan focused on a specific area of your finances, put together a list of what you’d like help with before contacting an advisor.

Though most people use a financial planner simply to invest for retirement, this is only a small part of what many advisors offer. Here’s a quick rundown of potential services a financial advisor may offer you:

  • Budgeting and money management
  • Debt management
  • Insurance planning
  • Retirement planning
  • Other investment planning
  • Inheritance planning
  • Estate planning
  • Tax planning

As you can see, financial advisors can help you with your entire financial picture, not just investing. As you start to plan for life’s bigger milestones, you should consider finding a financial advisor that specializes in those areas.

Finding the right advisor can help you minimize risk, maximize gains and take advantage of tax breaks while investing for your future. They can also help you protect your assets with the right kinds of insurance, and help you pass on your financial legacy with a proper estate plan.

2. Consider Your Budget and Payment Preferences

Once you have a list of what services you would like, review the fee structures offered by financial advisors. Finding a balance between the services you need and the cost of those services will help you narrow down the field of advisors you may want to work with.

If you are looking for a full-service advisor to manage all of your investments, consider searching among fee-based financial advisors. If you want to manage your money yourself, consider the flat fee and monthly subscription advisors for ongoing support.

For additional information about the cost of a financial advisor, read our article to learn your options:

3. Interview Multiple Financial Advisors

Once you have chosen the services and fee structure you prefer, it’s time to contact a few advisors and interview them. Here are a few questions to ask when interviewing a financial advisor:

  • What services do you provide?
  • What are all the ways you get paid? (fee transparency)
  • What is your investment strategy?
  • How do you measure investment performance?
  • How do we communicate about my plan?

Interview multiple advisors to get a feel for who you want to work with. A combination of fees, services and customer service will help you determine the best fit for your financial advice.

4. Review Financial Advisor Credentials

Once you find an advisor (or two) that you feel comfortable with, it’s always a good practice to check their credentials and the details of their firm. You can do this at the Investment Adviser Public Disclosure (IAPD) website

You can check both the individual and the firm to view their background and experience details, as well as any disciplinary action taken against them or their firm.

As licensed financial professionals, there is oversight into how financial advisors conduct business, so running a quick (free) check on them is recommended.

For additional information about advisor credentials, read our article to learn the most popular designations held by financial advisors, as well as specialized credentials which may be important to consider if you have unique financial planning needs:

As you prepare to interview financial advisors in Houston who may be right for you, here are three advisors featured on Wealthtender to consider adding to your list.

  • Adell, Harriman & Carpenter, Inc.
  • The Goff Financial Group
  • Rob Lloyd, CFA (Lloyds Intrepid Wealth Management)
  • Ryan Firth (Mercer Street Company)
  • Matt Smith, CFA, CFP, CIMA, CAIA (Concert Financial Planning)
  • Todd Smurl, CFA (Integrity Financial Planning)

Adell, Harriman & Carpenter, Inc.

Each of our clients is unique. Their investment solutions should be as well.

What does Adell, Harriman & Carpenter, Inc. love about Houston?
  • Favorite Local Restaurant:  Coppa or The Raven Grill.  We love local neighborhood places where we can eat outside.
  • Favorite Local Sports Team:  Houston Astros.  Baseball has always been such a statistics and probabilities game, and that resonates with us as investors.
  • Favorite Family Activity:  We enjoy meals together.  We’re all busy, but meals are a time when we’re all in the same place at the same time and have time to connect and catch up…and laugh.
  • Favorite Local Attraction:  The Houston Zoo.  You forget you’re right in the middle of the 4th largest city in the country.
  • Favorite Place to Show Out of Town Guests:  The Houston Livestock Show & Rodeo.  Even for those of us who don’t have an inner cowboy or cowgirl, it’s so quintessentially Houston.  And it’s something you just don’t see most other places!

The Goff Financial Group

At the Goff Financial Group, we provide customized investment management services based on your comfort level with risk and long-term objectives: Tax-efficient investment strategies for high net-worth investors, Independent and objective investment research and advice, Strategies for nonqualified and incentive stock options, Investment recommendations for executive-deferred compensation plans that complement other investment accounts, Retirement income planning, Coordination of services with your tax and legal advisors, Investment Management, Financial Planning

Rob Lloyd, CFA (Lloyds Intrepid Wealth Management)

Our practice was created to deliver you a great value proposition. What does that mean from an adviser? Listening to your needs, explaining our recommendations and using the lowest cost options to build your portfolios. Cost and investment approach matter immensely. It’s a pretty boring topic, but we love it and are happy to explain it to you!

Ryan Firth (Mercer Street Company)

Mercer Street is an independent, fee-only, fiduciary financial planning and investment advisory firm based in Houston, Texas. The firm was born from the personal experiences of its founder, Ryan Firth. In the course of two years, Ryan got married, welcomed a new addition to the family, bought his first home, and formed a company. Mercer Street assists individuals and families in managing their financial concerns, because we understand that life can get complicated pretty quickly. We’re here to help you address the financial complexities in your life; we call it “planning for life.”

  • Credentials: Certified College Financial Consultant, Certified Public Accountant, Personal Financial Specialist (PFS)
  • Payment Options: Fee Only, Hourly Rate, Per Session
  • Advisor Website: www.mercerst.com/
  • Wealthtender Profile: Mercer Street Company
What does Ryan love about Houston?
  • Houston Zoo. Our kids love visiting the animals and riding on the carousel. We have a family membership, and we like the fact that it’s outdoors. The other nice thing about the Houston Zoo is that it’s near Hermann Park.
  • Catching a Prelude Music concert at Levy Park. Our kids do music online with Prelude Music, so it’s always a treat when we can go to the park and listen to the music live. Levy Park recently reopened the children’s playground area. We have quite a few parks near where we live, but our kids love going to Levy Park.
  • Edith L. Moore Nature Sanctuary is pretty neat. It’s like this little 18-acre secluded forest surrounded by a city. Good place to go for shade and to beat the heat when it’s warm out.
  • Before we had kids, my wife and I liked going to Miller Outdoor Theater to watch performances on the lawn.

Matt Smith, CFA, CFP, CIMA, CAIA

Concert Financial Planning is a financial planning firm designed for Big Law and Private Practice attorneys. The firm is built to work with clients that are smart enough to “do it themselves” but prefer to deploy their time and resources to their own career, family, and interests. 

What does Matt love about Houston?
  • Favorite Local Restaurant: Juanita’s Mexican Food
  • Favorite Local Sports Team: Texas Longhorns
  • Favorite Family Activity: Swimming!
  • Favorite Local Attraction: My band’s studio space
  • Favorite Place to Show Out of Town Guests: Houston Museum of Natural Science

Todd Smurl, CFA (Integrity Financial Planning)

Integrity Financial Planning (IFP) was founded on the principles of an independent, fee-only structure with a commitment to fiduciary responsibility. Our only goal is to help you succeed, reaching your potential both now and into retirement. Because we are independent, we offer transparency, focus, and an ethical commitment to successfully build your financial plan and manage your portfolio.

Scroll down to view Houston financial advisors featured on Wealthtender, including an interactive map to easily find their office location.

Frequently Asked Questions & Additional Resources

How do I know if I’m ready to hire a financial advisor?

You should strongly consider hiring a financial advisor if you have a significant amount of money available for saving or investing. This could occur after years of making annual contributions to a retirement plan like a 401(k) through your employer, or suddenly if you receive a large inheritance or sell your house for a large profit.

But even if you don’t have a lot of money saved, many financial advisors and planners provide reasonable pricing options and valuable services you should consider, especially if you’re facing a significant life event. For example, if you’re starting a new job, getting married, starting a family, getting divorced, lost your job, starting or selling a business or approaching retirement age, working with a trusted financial advisor or planner may prove worthwhile.

Before I hire a new financial advisor, should I fire my current advisor?

You don’t need to fire your current advisor before beginning your search for a new financial advisor. In fact, your new advisor can help coordinate the transition of your assets from your previous financial advisor.

Where can I read reviews about financial advisors written by their clients to help me decide if I should hire them?

After 60 years of regulatory prohibition of financial advisor reviews in the US, a rule issued by the Securities and Exchange Commission (SEC) became effective on May 4, 2021 that means both financial advisors and directory websites that help consumers search for a financial advisor can collect and display financial advisor reviews, an important factor worth considering when choosing who you’ll hire to manage your investments and life savings. 

Wealthtender is the first independent advisor review platform designed to be fully compliant with the new SEC rule and we look forward to helping you evaluate financial advisors based on reviews written by their clients.

I’m a Houston financial advisor interested in being featured in this guide. How do I get started?

Thanks for your interest. We look forward to learning more about your practice and helping you attract your ideal clients where you may be a good fit based upon their individual needs and circumstances. Please click here to learn how you can join Houston financial advisors featured on Wealthtender.

Please note: Wealthtender may be compensated by financial advisors featured on our site and within this guide. Learn more about how we operate with integrity to earn your trust.

About the Author
Brian Thorp, Founder and CEO of Wealthtender profile picture

About the Author

Brian Thorp

Brian is CEO and founder of Wealthtender. He and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.

With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.

Connect with Brian on LinkedIn

Disclaimer: In order to make Wealthtender free for our readers, we earn money from advertisers including financial professionals and firms that pay to be featured on our platform. This creates a natural conflict of interest when we favor promotion of our clients over other professionals and firms not featured on Wealthtender. Learn how we operate with integrity to earn your trust.

Click a Pin Below to View More Professionals by Region

Adell, Harriman & Carpenter, Inc. Your financial home for every season of life.
Houston, Texas
The Goff Financial Group Fee-Only | Fully Independent | Fiduciary
Houston, Texas Serving Clients Nationwide