How Do the Top Texas Wealth Managers Compare on Fees?
The wealth management firms headquartered in Texas that publish their advisory fees are a mix of established Dallas and Houston firms alongside a fast-growing set of Austin practices, all serving high-net-worth families. The list below ranks the 25 lowest-fee Texas-based firms in our dataset meeting our quality bar — at least 50 high-net-worth clients, $500 million or more in high-net-worth assets, and a transparent fee schedule.
Fee estimates use each firm's most recent SEC Form ADV Part 2A regulatory filing. For each firm we apply their published tier schedule to a $10 million portfolio and compute both the annual dollar fee and the blended rate. Firms whose disclosed minimum account size exceeds $10 million, and ultra-high-net-worth shops whose average client AUM is above $75 million (and so are unlikely to accept a $10M account), are excluded.
Actual fees may vary; other investment costs may apply.
Methodology
- Universe: RIAs headquartered in Texas
- Portfolio size: $10 million
- Fee calculation: Blended rate across all disclosed fee tiers, applied to a $10 million portfolio
- Minimum clients: 50+ high-net-worth clients
- Avg client portfolio: $3 million to $75 million (ultra-high-net-worth shops excluded — unlikely to accept a $10M account)
- Minimum high-net-worth assets: $500 million across all high-net-worth clients
- High-net-worth focus: High-net-worth assets at least 30% of total firm assets
- Exclusions: Firms with negotiable-only fee rates, and firms with a disclosed minimum account size above $10 million
- Source: SEC Form ADV Part 2A regulatory filings, filed within the last 18 months. Estimates use the upper rate for disclosed ranges and the stated maximum for maximum-only disclosures.
Keller Wealth Advisors
Keller Wealth Advisors has been registered with the SEC since 1998 and grew out of a CPA practice, operating as Keller & Associates, CPAs until 2008 and KMH Wealth Management until 2023. The firm remains affiliated with Keller & Associates CPAs, PLLC, which provides tax and accounting services to clients for separate fees. Keller is fee-only and invests client portfolios primarily in mutual funds, bonds, and annuities, executing bond trades through Oppenheimer & Co. Financial planning is included in the advisory fee, though advanced estate planning is billed separately at 00 to 50 per hour with a ,500 minimum. A separate flat-fee plan (00 sign-up, 0 per month) is offered to clients under 45 with less than 00,000 to invest.
Diesslin Group, Inc.
Founded in 1980 by David Diesslin, Diesslin Group provides fee-only comprehensive financial planning and asset management to individuals, businesses, and charitable organizations. Client portfolios consist primarily of actively managed no-load mutual funds, supplemented at times by individual bonds and CDs. Accredited clients may also be offered alternative investment partnerships, including partnerships where Diesslin or related persons serve as general partner and earn separate management fees and equity distributions. Performance-based fee arrangements are available to qualified clients in lieu of the standard schedule.
Autumn Lane Advisors, LLC
Founded in 2014 as the investment office for a Texas family, Autumn Lane Advisors now provides wealth management to multiple families and individuals. Portfolios primarily use outside investment managers, mutual funds, ETFs, and private funds. The firm also manages private investment partnerships, some of which charge management fees and performance allocations. Financial planning and coordination with clients' other advisers are part of its wealth management service.
Alamo Advisors, LP
Founded in 2002, Alamo Advisors selects and monitors outside investment managers for high-net-worth individuals and charitable organizations. It develops asset allocations and reviews portfolios on a non-discretionary basis, with clients retaining authority over investment decisions. Outside managers charge separately from Alamo's advisory fee. Accounting and tax preparation may also carry additional charges.
Fayez Sarofim & Co.
Founded in 1958, Fayez Sarofim & Co. is a subsidiary of The Sarofim Group, which is owned by employees and the Sarofim family. Its investment team uses fundamental research to select individual stocks and bonds, with an emphasis on large companies and long holding periods. Balanced portfolios combine its equity and fixed-income strategies, with each portion billed under a separate schedule. Custody, brokerage, and fund expenses are additional.
New Capital Management, LP
Founded in 2004, New Capital Management provides investment management and financial planning to individuals and families. Portfolios primarily use low-cost mutual funds, emphasizing passive strategies while also allowing actively managed funds and individual securities. The firm also advises on concentrated stock positions and employer retirement accounts. Clients pay additional fund expenses and quarterly technology charges of $11 per custodial account, $20 per aggregated account, or $5 per reporting-only account.
Callahan Advisors, LLC
Callahan Advisors was formed in 1999 and is owned by trusts of the Callahan family, with Thomas Callahan serving as Chairman and Chief Investment Officer. The firm selects securities directly rather than using outside managers, focusing primarily on US-listed equities supplemented by corporate and government bonds and ETFs. All accounts are managed on a discretionary basis. Note that fees differ by asset class: the tiered schedule applies to equities and equity ETFs, while bonds are billed at a flat 0.40%, CDs and Treasuries at 0.20%, and no fee is charged on cash or money market funds.
Beaird Harris
Beaird Harris Wealth Management has operated as an investment advisory firm since 1996 and is affiliated through common ownership with the CPA firm Beaird Harris, PLLC, which provides tax and accounting services to clients for separate fees. The firm is fee-only and builds portfolios of low-cost, no-load institutional mutual funds (including DFA funds) and ETFs based on Modern Portfolio Theory. For clients who opt in, portfolios may also include alternative investments such as private credit funds, interval funds, and bitcoin ETFs. The minimum annual fee may be reduced to ,000 for young professionals at the firm's discretion.
Sather Financial Group, Inc.
Founded in 1999, Sather Financial Group provides investment management and financial planning to individuals, families, businesses, and charitable foundations. The firm conducts most investment research in-house and selects individual stocks and bonds using a value-oriented approach. It also uses mutual funds to access certain markets and asset classes. Financial planning is generally included for ongoing investment-management clients; standalone planning is typically billed at $350 per hour, with some projects priced at a negotiated fixed fee.
Oxbow Advisors, LLC
Oxbow Advisors has been registered with the SEC since 2011 and traces its history further back under its prior name, Herndon Plant Oakley Advisors. Founder Ted Oakley is the principal owner. Oxbow directly selects individual stocks and bonds for client portfolios, running six in-house income and equity strategies with a value orientation, and may also allocate a portion of client assets to unaffiliated sub-advisers who share in the management fee. Oxbow is affiliated with Herndon Plant Oakley Ltd., a broker-dealer and insurance agency in which Mr. Oakley is a partner, and some clients direct trades through that affiliate.
Franklin, Parlapiano, Turner & Welch LLC
Founded in 2004, Franklin, Parlapiano, Turner & Welch manages portfolios using mutual funds, ETFs, individual bonds, and a separate individual stock strategy. Its managed account program includes financial planning, portfolio management, and standard brokerage and custody charges. The firm pays for individual tax-return preparation for clients with more than $3 million in the program. Fund expenses and certain other transaction charges remain additional.
Peirce Capital Management, LLC
Founded in 2007, Peirce Capital Management provides investment management and financial guidance, with particular experience in petroleum-industry compensation and retirement benefits. Portfolios primarily use passively managed mutual funds and ETFs, with outside managers used for individual bond and other securities portfolios. Focus Partners Advisor Solutions provides sub-advisory and administrative services whose costs are included in Peirce's advisory fee. Clients using AQR to manage individual securities pay its fees separately.
Perryman Financial Advisory, Inc.
Founded in 1983, Perryman Financial Advisory manages portfolios of mutual funds, ETFs, individual stocks and bonds, and alternative investments. Comprehensive financial planning is included for clients with at least $500,000 under management. Cash and money-market balances are excluded from its advisory fee. The firm is affiliated with Perryman Securities, and its advisers may earn additional commissions on securities and insurance purchases.
Ascension Capital Advisors, Inc.
Founded in 1997, Ascension Capital Advisors provides investment management, financial planning, and retirement plan consulting. Portfolios primarily hold bonds, mutual funds, ETFs, and interval funds; the firm generally does not buy individual stocks. It also uses outside managers, whose annual fees of 0.12%-0.60% are additional to Ascension fees on the assets they manage. Financial planning is included for clients with at least $2 million managed by the firm. Below that level, requested planning services generally cost $2,500-$10,000.
Root Financial Partners
Root Financial Partners was founded in 2017 by James Conole, who remains principal owner. The firm primarily uses a passive approach, building portfolios of index mutual funds and ETFs, and includes comprehensive financial planning in its management fee. Note that when third-party separately managed account strategies are used, including municipal bond and long/short strategies, the manager's fees are charged in addition to Root's fee. Root also operates Vista, a private wealth division for households with 0 million or more, sells online retirement-planning courses, and receives referral fees as a solicitor for unaffiliated advisers.
Mbr Financial
Founded in 2011, MBR Financial provides investment management and financial planning to individuals, families, and business owners. Portfolios use mutual funds, ETFs, and individual securities, with allocations among stocks, bonds, and cash adjusted over time. Financial planning is billed separately at a fixed fee or $150-$500 per hour. Alternative investments carry underlying manager costs in addition to MBR fees, and MBR also charges performance fees to qualified clients.
Founded in 1984, Baker Financial Services manages portfolios using mutual funds, ETFs, individual stocks, and bonds. It combines index investments with actively managed funds and adjusts allocations as market conditions change. Individuals associated with the firm may serve as client trustees without an additional trustee fee. Financial planning and consulting are billed separately. Its advisers may also earn commissions through affiliated broker-dealer GRB Financial or on insurance sales.
Briaud Financial Advisors
Founded in 1986, Briaud Financial Advisors serves individuals and families, including university professionals and families with special needs. It adjusts portfolio allocations using its economic outlook and invests through individual securities, mutual funds, and private partnerships. Financial planning is included with investment management; fund, custody, and transaction expenses are additional. Clients who leave within one year after receiving a completed financial plan are billed for a full year of fees.
Luther King Capital Management Corporation
Founded in 1979, Luther King Capital Management is a subsidiary of Southwest JLK Corporation, which is controlled by employees of the firm. Its investment team selects individual stocks and bonds through fundamental research and also manages mutual funds and private investment partnerships. Equity and fixed-income portions of balanced accounts have separate fee schedules. Financial planning fees are negotiated separately, and some private partnerships charge performance-based compensation.
Warwick Partners
Founded in 1979, Warwick Partners manages portfolios using mutual funds, ETFs, individual stocks and bonds, and private investments. It also selects and monitors outside investment advisers, which can charge up to an additional 0.20% annually on the assets they manage. Financial planning is included with investment management. Fund expenses and brokerage and transaction costs are additional.
Cypress Point Wealth Management, LLC
Cypress Point was founded in 2007 by Jimmy Kull, who remains majority owner; an existing client holds an 18% minority interest in the firm. Portfolios emphasize broadly diversified mutual funds (including DFA funds) and ETFs with a value tilt, supplemented by alternative investments for qualified clients. Note that financial planning and family office services are billed under separate agreements in addition to the asset-based fee, and portions of a portfolio may be allocated to independent managers whose fees (roughly 0.03% to 1.40%) are also additional. The firm's 18% minority owner is the general partner of venture capital funds offered to clients, though Cypress Point charges no advisory fee on assets invested in those funds.