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 100 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 $2 million portfolio and compute both the annual dollar fee and the blended rate. Firms whose disclosed minimum account size exceeds $2 million, and ultra-high-net-worth shops whose average client AUM is above $20 million (and so are unlikely to accept a $2M account), are excluded.
Actual fees may vary; other investment costs may apply.
Methodology
- Universe: RIAs headquartered in Texas
- Portfolio size: $2 million
- Fee calculation: Blended rate across all disclosed fee tiers, applied to a $2 million portfolio
- Minimum clients: 100+ high-net-worth clients
- Avg client portfolio: $1 million to $20 million (ultra-high-net-worth shops excluded — unlikely to accept a $2M 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 $2 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.
Assetbuilder, Inc.
Founded in 2006, AssetBuilder offers investment management and financial planning to individuals, trusts, businesses, and charitable organizations. The firm follows a passive, buy-and-hold asset allocation approach and invests client portfolios primarily in Dimensional Fund Advisors (DFA) mutual funds and ETFs. Standalone financial planning is available for a fixed fee of ,500 to ,000, or hourly at up to 50 per hour.
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.
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.
Austin Wealth Management, LLC
Austin Wealth Management was founded in 2009 by Kevin Smith and Daniel Davila III (now retired). Client portfolios are generally based on the firm's model portfolios of low-cost, diversified mutual funds and ETFs, though portions may be delegated to outside sub-advisers for an additional 0.27% to 0.35% fee. Most clients pair investment management with ongoing financial planning, which is billed as a separate flat monthly fee (typically 50) in addition to the asset-based fee. Note that some of the firm's advisors are also registered representatives of an unaffiliated broker-dealer and/or licensed insurance agents and can earn commissions on products they sell.
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.
Tectonic Advisors LLC
Tectonic Advisors has provided advisory services since 2006 and shares common ownership with Cain, Watters & Associates, a planning firm serving mainly dental professionals, and with Tectonic Financial, the holding company of T Bank. Much of Tectonic's business consists of advising programs used by Cain Watters clients, including collective investment funds at affiliated T Bank and a unified managed account (UMA) platform. In its separately managed account program, Tectonic invests client portfolios primarily in ETF-based asset allocation strategies. Note that UMA clients pay layered fees: Tectonic's overlay fee of up to 0.35%, an advisory fee to Cain Watters, model provider fees of up to 0.70%, and custody charges.
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.
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.
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.
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.
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.
Cain, Watters & Associates, LLC
Founded in 1984, Cain Watters provides financial planning and investment management primarily to dental professionals. It is owned by CWA Financial Group and is affiliated through common ownership with T Bank, Tectonic Advisors, and Sanders Morris. The firm sets portfolio allocations using affiliated and outside managers, mutual funds, and ETFs. Its unified managed account fees include the Tectonic overlay charge, but model providers generally charge an additional 0.25%-0.70% on the assets they manage. Financial planning is billed separately.
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.
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.
Stuart Investment Advisors, Inc.
Founded in 1997 by Carl Stuart, Stuart Investment Advisors provides investment management to individuals, families, trusts, foundations, and retirement plans. The firm builds portfolios primarily with mutual funds and ETFs, using a long-term investment approach. It may retain other investments from existing client portfolios for tax or investment reasons. Fund expenses and custody and transaction charges are separate from the advisory fee.
1900 Wealth
Founded in 2015 as Monticello Wealth Management, 1900 Wealth is a wholly owned subsidiary of Jefferson Bank. Portfolios primarily use mutual funds and ETFs, with outside managers and private funds also available. The firm also serves as a sub-adviser to Jefferson Bank's trust department. Separate financial planning engagements typically cost $1,500, while tax planning consulting is billed at $350 per hour. Private funds carry additional management, performance, and other expenses.
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.
Sequent Asset Management, LLC
Founded in 2008, Sequent Asset Management provides family office and investment management services, with a focus on business-owning families, corporate executives, and professionals. Its investment committee selects securities and funds, and the firm also offers outside-manager selection and oversight. Certain principals serve as trustees for client trusts. Standalone financial counseling typically costs $1,000-$25,000 per project, and any sub-adviser fees are additional to Sequent's advisory fees.
Quotient Wealth Partners, LLC
Launched in 2023, Quotient Wealth Partners provides investment management and financial planning to families, business owners, corporate executives, and retirees. Portfolios primarily use index ETFs and stock and bond accounts managed by outside investment managers. Applicable Dynasty platform fees and outside-manager charges are additional to Quotient's advisory fee. Standalone financial planning and consulting cost $2,500-$25,000. Accounting services are available through the commonly owned Quotient Tax Trust and Estate Services under a separate agreement.
Ackerman Capital Management
Ackerman Capital Management was formed in 2002 as the successor to businesses established in 1969 and is owned by David Ackerman. Separate-account portfolios primarily use ETFs and no-load mutual funds, with allocations adjusted using valuation and price-trend analysis. The firm also manages private municipal-income and digital-asset funds with performance-based fees. Per-account reporting charges are additional, and requested financial planning may carry a separate fee.
Adell Harriman & Carpenter
Founded in 1995, Adell, Harriman & Carpenter is owned by its five principals and manages portfolios for individuals, families, trusts, and charitable organizations. Its investment committee selects individual stocks, investment-grade bonds, and ETFs using fundamental research. Financial planning is available under separately negotiated fee arrangements.
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.
Childress Capital Advisors, LLC
Founded in 2020 and owned by Don Childress II, Childress Capital Advisors provides investment management and financial planning. Portfolios may hold individual stocks and bonds, mutual funds, alternative investments, and accounts managed by outside advisers. Outside-manager fees are generally additional, and some planning, consulting, and reporting services may be billed separately.
Chilton Capital Management LLC
Founded in 1996, Chilton Capital Management manages portfolios of individual stocks, bonds, and REITs using fundamental research. Financial planning is included in its wealth-management fee, and sub-advisers are paid from Chilton’s management fee. The firm also owns Chilton Capital Management Trust Company, which provides trustee and fiduciary services.