{ "path": "/advisors/tx", "url": "https://advisorcensus.com/advisors/tx/page/35", "page_type": "state", "title": "Financial advisors in Texas", "filters": {}, "scope_total": 3052, "faq": [ { "q": "How many financial advisory firms are there in Texas?", "a": "AdvisorCensus lists 3,052 investment advisory firms with a principal office in Texas, from Form ADV filings as of October 2026: 1,108 SEC-registered, 1,270 state-registered, and 674 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV." }, { "q": "How many fee-only financial advisors are in Texas?", "a": "831 of the 3,052 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed." }, { "q": "How many financial advisors in Texas offer financial planning?", "a": "1,291 of the 2,378 firms in Texas that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports." }, { "q": "Are the financial advisors in Texas fiduciaries?", "a": "Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 831 firms that meet AdvisorCensus's fee-only test report none of those sales ties." }, { "q": "How do I check whether a financial advisor has disciplinary disclosures?", "a": "Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck." }, { "q": "Does AdvisorCensus rate, verify, or recommend these firms?", "a": "No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content." }, { "q": "What does regulatory assets under management mean?", "a": "Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality." } ], "period": "2026-10-01", "answer_paragraph": "AdvisorCensus lists 3,052 investment advisory firms with a principal office in Texas, drawn from Form ADV filings as of October 2026. Metro areas in the state are listed first; firms are listed alphabetically, and you can sort by years registered or assets band using the controls below. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV.", "about_market": null, "citation": "AdvisorCensus. Financial advisors in Texas: 3,052 firms from Form ADV filings as of October 2026.", "total_firms": 3052, "page": 35, "total_pages": 62, "sort": "name", "registration_types": { "sec": 1108, "state": 1270, "exempt": 674 }, "fee_model_mix": [ { "code": "fee-only", "count": 831 }, { "code": "percentage_of_aum", "count": 2157 }, { "code": "hourly", "count": 850 }, { "code": "subscription", "count": 31 }, { "code": "fixed", "count": 1156 }, { "code": "commissions", "count": 33 }, { "code": "performance_based", "count": 591 }, { "code": "other", "count": 303 }, { "code": "not_reported", "count": 674 } ], "years_registered_distribution": [ { "code": "under_5", "count": 1433 }, { "code": "5_to_9", "count": 666 }, { "code": "10_to_19", "count": 604 }, { "code": "20_plus", "count": 293 }, { "code": "not_reported", "count": 56 } ], "raum_band_distribution": [ { "code": "under_25m", "count": 726 }, { "code": "25m_100m", "count": 389 }, { "code": "100m_500m", "count": 545 }, { "code": "500m_1b", "count": 196 }, { "code": "1b_5b", "count": 226 }, { "code": "over_5b", "count": 91 }, { "code": "not_reported", "count": 879 } ], "firms": [ { "crd_number": 114531, "name": "McDonald Capital Management", "name_as_filed": "MCDONALD CAPITAL MANAGEMENT", "url": "https://advisorcensus.com/firm/mcdonald-capital-management-lubbock-tx-114531", "city": "Lubbock", "state": "TX", "years_registered": 24, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 115120, "name": "McElhenny Sheffield Capital Management, LLC", "name_as_filed": "MCELHENNY SHEFFIELD CAPITAL MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/mcelhenny-sheffield-capital-management-llc-dallas-tx-115120", "city": "Dallas", "state": "TX", "years_registered": 12, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 154127, "name": "McGowan Group Asset Management, Inc.", "name_as_filed": "MCGOWAN GROUP ASSET MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/mcgowan-group-asset-management-inc-dallas-tx-154127", "city": "Dallas", "state": "TX", "years_registered": 16, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 326876, "name": "McKee ATM Income Fund Manager", "name_as_filed": "MCKEE ATM INCOME FUND MANAGER", "url": "https://advisorcensus.com/firm/mckee-atm-income-fund-manager-austin-tx-326876", "city": "Austin", "state": "TX", "years_registered": 2, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 142132, "name": "McKeel Capital Management", "name_as_filed": "MCKEEL CAPITAL MANAGEMENT", "url": "https://advisorcensus.com/firm/mckeel-capital-management-flower-mound-tx-142132", "city": "Flower Mound", "state": "TX", "years_registered": 1, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 338774, "name": "McKinney Capital Management", "name_as_filed": "MCKINNEY CAPITAL MANAGEMENT", "url": "https://advisorcensus.com/firm/mckinney-capital-management-houston-tx-338774", "city": "Houston", "state": "TX", "years_registered": 0, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 121196, "name": "McNally Financial Services Corporation", "name_as_filed": "MCNALLY FINANCIAL SERVICES CORPORATION", "url": "https://advisorcensus.com/firm/mcnally-financial-services-corporation-san-antonio-tx-121196", "city": "San Antonio", "state": "TX", "years_registered": 19, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 122907, "name": "McNally, David D.", "name_as_filed": "MCNALLY, DAVID D.", "url": "https://advisorcensus.com/firm/mcnally-david-d-122907", "city": null, "state": null, "years_registered": 23, "raum_band": "not_reported", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "commissions" ], "enhanced": false }, { "crd_number": 324518, "name": "MCP Management, LP", "name_as_filed": "MCP MANAGEMENT, LP", "url": "https://advisorcensus.com/firm/mcp-management-lp-austin-tx-324518", "city": "Austin", "state": "TX", "years_registered": 1, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 315098, "name": "MCR Fund Management LLC", "name_as_filed": "MCR FUND MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/mcr-fund-management-llc-dallas-tx-315098", "city": "Dallas", "state": "TX", "years_registered": 3, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 114479, "name": "McWhorter Capital Investments", "name_as_filed": "MCWHORTER CAPITAL INVESTMENTS", "url": "https://advisorcensus.com/firm/mcwhorter-capital-investments-114479", "city": null, "state": null, "years_registered": 26, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 319059, "name": "MDO Financial Planning, LLC", "name_as_filed": "MDO FINANCIAL PLANNING, LLC", "url": "https://advisorcensus.com/firm/mdo-financial-planning-llc-319059", "city": null, "state": null, "years_registered": 4, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 340925, "name": "MDT Financial Advisors, LLC", "name_as_filed": "MDT FINANCIAL ADVISORS, LLC", "url": "https://advisorcensus.com/firm/mdt-financial-advisors-llc-webster-tx-340925", "city": "Webster", "state": "TX", "years_registered": 0, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 161309, "name": "MDX Wealth Management", "name_as_filed": "MDX WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/mdx-wealth-management-sugarland-tx-161309", "city": "Sugarland", "state": "TX", "years_registered": 13, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 318095, "name": "Meadow Lake Capital LLC", "name_as_filed": "MEADOW LAKE CAPITAL LLC", "url": "https://advisorcensus.com/firm/meadow-lake-capital-llc-318095", "city": null, "state": null, "years_registered": 4, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 173814, "name": "Meadowpark Capital, LLC", "name_as_filed": "MEADOWPARK CAPITAL, LLC", "url": "https://advisorcensus.com/firm/meadowpark-capital-llc-dallas-tx-173814", "city": "Dallas", "state": "TX", "years_registered": 10, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 313656, "name": "Measure Twice Financial LLC", "name_as_filed": "MEASURE TWICE FINANCIAL LLC", "url": "https://advisorcensus.com/firm/measure-twice-financial-llc-pearland-tx-313656", "city": "Pearland", "state": "TX", "years_registered": 5, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 304977, "name": "Mederi Capital Management, LP", "name_as_filed": "MEDERI CAPITAL MANAGEMENT, LP", "url": "https://advisorcensus.com/firm/mederi-capital-management-lp-dallas-tx-304977", "city": "Dallas", "state": "TX", "years_registered": null, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 283152, "name": "Mellig Group, LLC", "name_as_filed": "MELLIG GROUP, LLC", "url": "https://advisorcensus.com/firm/mellig-group-llc-the-woodlands-tx-283152", "city": "The Woodlands", "state": "TX", "years_registered": 10, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 286274, "name": "Meraki Advisors LLC", "name_as_filed": "MERAKI ADVISORS LLC", "url": "https://advisorcensus.com/firm/meraki-advisors-llc-dallas-tx-286274", "city": "Dallas", "state": "TX", "years_registered": 9, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 165094, "name": "Mercantile Investment Advisors", "name_as_filed": "MERCANTILE INVESTMENT ADVISORS", "url": "https://advisorcensus.com/firm/mercantile-investment-advisors-wichita-falls-tx-165094", "city": "Wichita Falls", "state": "TX", "years_registered": 14, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 292972, "name": "Mercer Street Personal Financial Services", "name_as_filed": "MERCER STREET PERSONAL FINANCIAL SERVICES", "url": "https://advisorcensus.com/firm/mercer-street-personal-financial-services-bellaire-tx-292972", "city": "Bellaire", "state": "TX", "years_registered": 8, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 163879, "name": "Mercury Fund", "name_as_filed": "MERCURY FUND", "url": "https://advisorcensus.com/firm/mercury-fund-houston-tx-163879", "city": "Houston", "state": "TX", "years_registered": 14, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 338521, "name": "Meredith Bay Collective", "name_as_filed": "MEREDITH BAY COLLECTIVE", "url": "https://advisorcensus.com/firm/meredith-bay-collective-frisco-tx-338521", "city": "Frisco", "state": "TX", "years_registered": 1, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 293711, "name": "Merewether Investment Management, LP", "name_as_filed": "MEREWETHER INVESTMENT MANAGEMENT, LP", "url": "https://advisorcensus.com/firm/merewether-investment-management-lp-dallas-tx-293711", "city": "Dallas", "state": "TX", "years_registered": 5, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 313559, "name": "Mergent Wealth, LLC", "name_as_filed": "MERGENT WEALTH, LLC", "url": "https://advisorcensus.com/firm/mergent-wealth-llc-dallas-tx-313559", "city": "Dallas", "state": "TX", "years_registered": 5, "raum_band": "not_reported", "compensation_types": [ "other" ], "enhanced": false }, { "crd_number": 129233, "name": "Meridian Investment Management, Inc.", "name_as_filed": "MERIDIAN INVESTMENT MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/meridian-investment-management-inc-katy-tx-129233", "city": "Katy", "state": "TX", "years_registered": 22, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 282609, "name": "Meridian Wealth Advisors, LLC", "name_as_filed": "MERIDIAN WEALTH ADVISORS, LLC", "url": "https://advisorcensus.com/firm/meridian-wealth-advisors-llc-austin-tx-282609", "city": "Austin", "state": "TX", "years_registered": 10, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 318498, "name": "Meridiem Capital Partners LP", "name_as_filed": "MERIDIEM CAPITAL PARTNERS LP", "url": "https://advisorcensus.com/firm/meridiem-capital-partners-lp-dallas-tx-318498", "city": "Dallas", "state": "TX", "years_registered": 2, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 282103, "name": "Meristead Wealth, LLC", "name_as_filed": "MERISTEAD WEALTH, LLC", "url": "https://advisorcensus.com/firm/meristead-wealth-llc-westlake-tx-282103", "city": "Westlake", "state": "TX", "years_registered": 10, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 109310, "name": "Merit Energy Company", "name_as_filed": "MERIT ENERGY COMPANY", "url": "https://advisorcensus.com/firm/merit-energy-company-dallas-tx-109310", "city": "Dallas", "state": "TX", "years_registered": 26, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 305152, "name": "Meros Investment Management, LP", "name_as_filed": "MEROS INVESTMENT MANAGEMENT, LP", "url": "https://advisorcensus.com/firm/meros-investment-management-lp-dallas-tx-305152", "city": "Dallas", "state": "TX", "years_registered": 7, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 332216, "name": "Messina Wealth Management, LLC", "name_as_filed": "MESSINA WEALTH MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/messina-wealth-management-llc-dallas-tx-332216", "city": "Dallas", "state": "TX", "years_registered": 1, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "other" ], "enhanced": false }, { "crd_number": 332578, "name": "Metris Capital", "name_as_filed": "METRIS CAPITAL", "url": "https://advisorcensus.com/firm/metris-capital-dallas-tx-332578", "city": "Dallas", "state": "TX", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 334394, "name": "Mexus Wealth Management", "name_as_filed": "MEXUS WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/mexus-wealth-management-el-paso-tx-334394", "city": "El Paso", "state": "TX", "years_registered": 1, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 311703, "name": "MGV Capital LLC", "name_as_filed": "MGV CAPITAL LLC", "url": "https://advisorcensus.com/firm/mgv-capital-llc-san-antonio-tx-311703", "city": "San Antonio", "state": "TX", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 111695, "name": "Miai, Inc.", "name_as_filed": "MIAI, INC.", "url": "https://advisorcensus.com/firm/miai-inc-dallas-tx-111695", "city": "Dallas", "state": "TX", "years_registered": 24, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "commissions" ], "enhanced": false }, { "crd_number": 133250, "name": "Michael E. Reichek DBA Reichek Financial Services", "name_as_filed": "MICHAEL E. REICHEK DBA REICHEK FINANCIAL SERVICES", "url": "https://advisorcensus.com/firm/michael-e-reichek-dba-reichek-financial-services-133250", "city": null, "state": null, "years_registered": 17, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 114548, "name": "Michael Keith Parish", "name_as_filed": "MICHAEL KEITH PARISH", "url": "https://advisorcensus.com/firm/michael-keith-parish-114548", "city": null, "state": null, "years_registered": 32, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 319311, "name": "Michels Family Financial, LLC", "name_as_filed": "MICHELS FAMILY FINANCIAL, LLC", "url": "https://advisorcensus.com/firm/michels-family-financial-llc-fort-worth-tx-319311", "city": "Fort Worth", "state": "TX", "years_registered": 4, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 163660, "name": "Microangel Partners LLC", "name_as_filed": "MICROANGEL PARTNERS LLC", "url": "https://advisorcensus.com/firm/microangel-partners-llc-austin-tx-163660", "city": "Austin", "state": "TX", "years_registered": 14, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 335744, "name": "Midway Investment Group, LLC", "name_as_filed": "MIDWAY INVESTMENT GROUP, LLC", "url": "https://advisorcensus.com/firm/midway-investment-group-llc-dallas-tx-335744", "city": "Dallas", "state": "TX", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 331825, "name": "Mikel Wealth Management", "name_as_filed": "MIKEL WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/mikel-wealth-management-331825", "city": null, "state": null, "years_registered": 2, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "other" ], "enhanced": false }, { "crd_number": 333066, "name": "Mikos Interests GP, LLC", "name_as_filed": "MIKOS INTERESTS GP, LLC", "url": "https://advisorcensus.com/firm/mikos-interests-gp-llc-dallas-tx-333066", "city": "Dallas", "state": "TX", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 166621, "name": "Miles Wealth Management, L.L.C.", "name_as_filed": "MILES WEALTH MANAGEMENT, L.L.C.", "url": "https://advisorcensus.com/firm/miles-wealth-management-l-l-c-houston-tx-166621", "city": "Houston", "state": "TX", "years_registered": 13, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 162625, "name": "Milestone Wealth Strategies", "name_as_filed": "MILESTONE WEALTH STRATEGIES", "url": "https://advisorcensus.com/firm/milestone-wealth-strategies-plano-tx-162625", "city": "Plano", "state": "TX", "years_registered": 14, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 335763, "name": "Militia Capital Management, LLC", "name_as_filed": "MILITIA CAPITAL MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/militia-capital-management-llc-austin-tx-335763", "city": "Austin", "state": "TX", "years_registered": 1, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 331788, "name": "Militia Investments, LLC", "name_as_filed": "MILITIA INVESTMENTS, LLC", "url": "https://advisorcensus.com/firm/militia-investments-llc-austin-tx-331788", "city": "Austin", "state": "TX", "years_registered": 1, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "other" ], "enhanced": false }, { "crd_number": 309320, "name": "Milks Capital LLC", "name_as_filed": "MILKS CAPITAL LLC", "url": "https://advisorcensus.com/firm/milks-capital-llc-austin-tx-309320", "city": "Austin", "state": "TX", "years_registered": 0, "raum_band": "not_reported", "compensation_types": 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