AdvisorCensus / Financial advisors / Texas / Dallas / SFMG Wealth Advisors
SFMG Wealth Advisors is an SEC-registered investment advisory firm in Plano, TX, registered since 1993, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 24, 2026.
Quick answers
From the filingHow is SFMG Wealth Advisors compensated?
On its Form ADV (Item 5.E, October 2026), SFMG Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is SFMG Wealth Advisors located?
SFMG Wealth Advisors' principal office is in Plano, TX, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is SFMG Wealth Advisors registered with the SEC or a state?
SFMG Wealth Advisors is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 107548.
How much does SFMG Wealth Advisors manage?
SFMG Wealth Advisors reports $2,956,970,054 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (90% discretionary).
How have SFMG Wealth Advisors' assets and staff changed since 2021?
In the Form ADV data for SFMG Wealth Advisors: Regulatory assets under management: $1,668,448,207 in the October 2021 data and $2,956,970,054 in the October 2026 data, up 77%. Total employees: 31 in October 2021 and 39 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does SFMG Wealth Advisors serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (496); individuals (other than high net worth individuals) (472); corporations or other businesses not listed above (11).
Which custodians does SFMG Wealth Advisors use?
SFMG Wealth Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets.
Does SFMG Wealth Advisors report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107548
Does SFMG Wealth Advisors state an account minimum?
Its Form ADV Part 2A brochure dated March 13, 2026 says: "SFMG seeks to have a minimum relationship size of $1,000,000 for Wealth Management clients but does reserve the right to waive these minimums or accept or decline a potential client for any reason in its sole discretion."
What changed in SFMG Wealth Advisors' recent Form ADV filings?
In the August 2026 filing data: Registered or notice-filed in GA.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
SFMG seeks to have a minimum relationship size of $1,000,000 for Wealth Management clients but does reserve the right to waive these minimums or accept or decline a potential client for any reason in its sole discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 13, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$2,956,970,054 as of October 2026, filing dated July 24, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- SFMG, LLC.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1993 (33 years)
- Employees
- Total: 39. Performing investment advisory functions: 16.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the August 2026 filing
- States registered or notice-filed
-
13 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,956,970,054 | 39 | July 24, 2026 |
| October 2025 | $2,524,709,134 | 38 | April 9, 2025 |
| October 2024 | $2,248,716,764 | 37 | June 21, 2024 |
| October 2023 | $1,884,948,124 | 36 | August 1, 2023 |
| October 2022 | $1,975,358,577 | 34 | July 26, 2022 |
| October 2021 | $1,668,448,207 | 31 | May 6, 2021 |
Regulatory assets under management: $1,668,448,207 in the October 2021 data and $2,956,970,054 in the October 2026 data, up 77%.
Total employees: 31 in October 2021 and 39 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Registered or notice-filed in GA.
- April 2026
- Regulatory assets under management went from $2,524,709,134 to $2,956,970,054 (+17%).
- Registered or notice-filed in AR, NY.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. SFMG Wealth Advisors (CRD 107548): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/sfmg-wealth-advisors-plano-tx-107548