FMP Wealth Advisers Review by AdvisoryHQ[1]
With locations in Austin and Beaumont, Texas and Lake Charles, Louisiana, FMP Wealth Advisers has been providing personal wealth management services since 1987. They also have the distinction of being one of the first fee-only financial advisory firms.
As one of the best fee-only financial planners in Austin, FMP employs a tight-knit group of Austin financial advisors, specialists, and service professionals all dedicated to putting their clients’ needs above all else.
Key Factors that Enabled FMP Wealth Advisers to Rank as a Top Financial Advisor in Austin
It’s important for anyone seeking a personal financial advisor in Austin, TX that they know they can trust the firm to give them the best advice for their financial needs and goals.
FMP understands the importance of establishing trust within the client relationship, which is why they are:
Independent Fiduciary & Fee-Only
Independent & Fee-Only
Because they are an independent, fee-only financial planner in Austin, TX, FMP does not accept commissions from third parties for sales of their financial products, such as stock brokerages or insurance companies.
This gives clients a foundation for their relationship with this Austin financial advisor that is built upon trust and knowledge that they truly are fully committed to the financial well-being of their clients.
Fiduciary Commitment
Rather than adhere to a basic “suitability standard,” FMP adopts a fiduciary responsibility, which is another level of commitment to their clients. A fiduciary is legally responsible to always act in their client’s best interests and be completely transparent about any fees.
Firms that live by a fiduciary commitment will often have client-facing services and management philosophies, reflecting this “client-first” commitment, which can set them apart from other financial advisors in Austin.B
Financial Solutions
As a top-rated financial advisor in Austin, TX, FMP offers a variety of comprehensive, detailed financial solutions. These include:
- Financial Planning—They define financial planning as “not a product you buy once,” but instead an evolving relationship designed to meet changing needs.
- Investment Management—FMP provides the discipline needed to help clients successfully navigate the ups and downs of the markets.
- Qualified Plans—They help simplify corporate retirement plans for business clients, assisting them with the process of implementing and monitoring employee retirement plans.
- Private Investments—Through their private investment services, FMP provides alternative strategies, such as diversification for sophisticated portfolios, to fine-tune a client’s overall strategy for the best outcome.
Rating Summary
FMP’s close-knit team of financial advisors and specialists may be slightly smaller than competing wealth management firms in Austin. But their service offerings and client-centric philosophies are as robust as that of the largest firms.
Clients benefit from a wide range of services, a focus on building long-term relationships, and a fee-only, fiduciary business model. Another consideration for this top Austin financial planner is that they offer a free initial consultation for financial planning strategies, which makes them an excellent firm for those new to investing.
All these factors earned FMP a 5-star rating as one of the best Austin financial planners for you to consider in 2019.
**Disclaimers: AdvisoryHQ uses a multi-step selection methodology for identifying, researching, and generating its list of top ranked firms. AdvisoryHQ’s review and ranking articles are always 100% independently researched and objectively written.
Firms do not pay for their ranking. In fact, most firms do not even realize that they are being reviewed and ranked by AdvisoryHQ until after their reviews have been completed and published to the public. Below is a step-by-step overview of AdvisoryHQ’s methodology process.
Step 1: Using publicly available sources, AdvisoryHQ identifies a wide range of firms that are providing services in a designated area (city, state, or local geographic location).
Step 2: AdvisoryHQ’s review team then applies initial methodology filters to narrow down the list of identified firms/products. These filters include company strengths, trustworthiness, transparency, professional reputation, managed asset, ROI/ROA effectiveness, fees structure, what customers/clients are saying about the organization, and many more.
Step 3: After trimming down the initial list, AdvisoryHQ then conducts a deep-dive assessment of the remaining firms.
The award criteria takes into account a range of factors, including experience level, level of customization, site quality, resources, features, range of provided services, innovation, value-added, and many more factors, to build up a broad picture of what each firm or product has to offer, before the final selection process occurs.
Step 4: Based on the results of the performed assessment, AdvisoryHQ’s research and selection team then finalizes the list of entities that make it into its top rated publications, which are then published to the general public.
Every effort was made by FMP Wealth Advisors (“FMPWA”) to determine the number of advisers in Austin, TX reviewed by AdvisoryHQ during the development of this article as well as what percentage of those advisors received the same ranking score as FMPWA. This information was not provided to FMPWA by AdvisoryHQ prior to the posting/publication of this article. FMPWA believes this information is important in properly evaluating a ranking to ensure it is not false and/or misleading. Readers of this article should consider contacting AdvisoryHQ directly in an effort to obtain this information.
[1]Top 10 Best Financial Advisors in Austin, TX – 2019 Ranking – The full article can be accessed at https://www.advisoryhq.com/articles/best-austin-texas-financial-advisors-rias-wealth-managers/#FMP-Wealth-Advisers-Review
