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Best Financial Advisors in Oklahoma City, OK

Nov. 19, 2019, 10:57 p.m.

Hiring a financial advisor can be intimidating. You need to find someone trustworthy to plan, manage and invest your assets to achieve your financial goals. We researched the best financial advisors in Oklahoma City to narrow your options of fiduciaries to protect your financial future.

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#1
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Facet Wealth

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Facet Wealth
Facet Wealth
Features
  • Work with a dedicated CFP
  • Complimentary goal setting & financial analysis session
  • Goal-based financial planning
  • Get an individually tailored financial plan
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#2
Castleview Wealth Advisors
Castleview Wealth Advisors
Features
  • Manages $209 million total assets in over 600 accounts
  • $100,000 minimum asset requirement
  • $5,000 annual fee for a private client advisory account
  • Focus on broad asset allocation across asset classes & long term investing
Location
9112 N. Kelley Ave., Ste. B-2
Oklahoma City, OK 73131
(405) 705-2906
#3
Align Wealth Management
Align Wealth Management
Features
  • Manages $305 million total assets in over 1,000 accounts
  • $750,000 minimum asset requirement
  • Founder is triple board certified
  • Expertise in investment, retirement & 401(k) management
Location
13921 Quail Pointe Dr.
Oklahoma City, OK 73134
(405) 607-4820
#4
Retirement Investment Advisors
Retirement Investment Advisors
Features
  • Manages $665 million total assets in over 1,100 accounts
  • $100,000 minimum asset requirement
  • Fee-only compensation structure
  • Specialized in investments, retirement strategy & planning
Location
2925 United Founders Blvd.
Oklahoma City, OK 73112
(405) 842-3443
Hughes Warren
Hughes Warren
Features
  • M-Th: 8am - 5pm
  • F: 8am - 3pm
  • Closed Sat and Sun
  • hugheswarren.com
Location
9150 N. May Ave., Ste. B
Oklahoma City, OK 73120
(405) 418-4080
Exencial Wealth Advisors
Exencial Wealth Advisors
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • exencialwealth.com
Location
9108 N. Kelley Ave.
Oklahoma City, OK 73131
(405) 478-1971
Tom Johnson Investment Management
Tom Johnson Investment Management
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • tjim.com
Location
201 Robert S. Kerr Ave., Ste. 510
Oklahoma City, OK 73102
(405) 236-2111
Vista Investment Partners
Vista Investment Partners
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • vistainvestment.com
Location
5601 N. Classen Blvd., Ste. 101
Oklahoma City, OK 73118
(405) 608-5390
Cadent Capital Advisors
Cadent Capital Advisors
Features
  • M-F: 8am - 4pm
  • Closed Sat and Sun
  • cadcapital.com
Location
14528 Hertz Quail Springs Pkwy.
Oklahoma City, OK 73134
(405) 254-3122
Legacy Financial Advisors
Legacy Financial Advisors
Features
  • M-F: 9am - 5pm
  • Sat and Sun: By appointment only
  • legacyadvisorsok.com
Location
10005 N. May Ave. Ste. 100
Oklahoma City, OK 73120
(405) 470-9190

Choosing a financial advisor in Oklahoma City

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While you can hire a financial advisor no matter where you are in life, major life changes often lead people to seek professional financial advice in Oklahoma City, including:

  • Getting a new job
  • Having a baby
  • Planning for retirement
  • Managing an inheritance
  • Preparing a legacy or survivor plan
  • Saving for a child’s college fun

There are several benefits to hiring a financial advisor in Oklahoma City. First, reputable financial advisors are more knowledgeable and experienced than most people, which means they know ways to save and invest that you might not even be aware of. For example, having a financial planner review your life insurance policy could result in reduced premiums and better coverage.

Perhaps just as important as their knowledge of asset management is the time a financial advisor in Oklahoma City saves you. Examining your finances, future goals and investment opportunities in detail takes a lot of time. Ongoing asset management takes even more time. Professional financial advisory services remove this obligation and free up your time for the things you’d rather be doing.

The minimum amount of assets you need to hire a financial advisor depends on what services you need. Some firms may require a $100,000 minimum for investing or long-term asset management, but, if you’re looking for generic financial advice or a one-time financial plan, you most likely won’t need a minimum amount of wealth.

Types of financial advisors

There are different types of financial advisors in Oklahoma City, but two major distinctions separate them all. The first distinction is between human advisors and robo-advisors. Robo-advisors are a form of software that uses algorithms to make recommendations based on the information you provide. Robo-advisors are cheaper than traditional advisors and require lower starting minimums.

Traditional, human advisors are asset management professionals who use their education and experience to craft personalized financial advice for clients. While they are more expensive than robo-advisors, human financial planners offer more tailored recommendations and are able to understand more complicated financial situations.

There are both fiduciary financial advisors and non-fiduciary advisors in Oklahoma City as well, and it’s critical to ask your money advisor which standard they follow.

Fiduciary advisors legally have to act with your best interests in mind. Accordingly, they want to know about your history, your family and your hopes and goals for the future to ensure they create an asset management plan tailored to your exact needs.

A non-fiduciary advisor makes recommendations suitable for you, but not necessarily in your best interests. While this doesn’t make non-fiduciaries inherently untrustworthy, it does open them up to conflicts of interest that cost you money.

What is the cost of a financial advisor in Oklahoma City?

Financial advisors in Oklahoma City all charge differently, but it’s important to know the difference between these pricing structures:

  • Flat fees: a set price for a specific service
  • Hourly rate: a price charged per hour of work
  • Assets under management fees: a percentage of the money in your account charged monthly or annually
  • Commission: a percentage charged when you make a trade or purchase

There are different labels financial advisors in Oklahoma City use to let clients know how they make money. A fee-only advisor makes money exclusively by charging clients fees, with no compensation dependent on commission.

A fee-based financial advisor charges the client fees but also receives a commission or payments from other sources like brokerage firms, insurance companies and investment partnerships. For the sake of transparency, it’s crucial that fee-based advisors disclose any commissions or additional income earned through your account.

What qualifications should a financial advisor have?

Before you hire a financial advisor in Oklahoma City, always check their qualifications. Beyond educational qualifications, like a college degree, all financial advisors must carry a General Securities Representative license and a Uniform Securities Agent state license. Additional professional certifications, like being a Certified Financial Planner, add to an advisor’s credibility.

Additionally, there are several questions you should ask, such as:

  • Are you a fiduciary?
  • What is your fee structure?
  • How do you make money?
  • How many years have you been in business?
  • What licenses, certifications and credentials do you have?

Beware of any financial advisor unwilling to answer your questions or be transparent about how they earn money. With something as important as your finances, it’s critical that you don’t get scammed. Check out an advisor on the Financial Industry Regulatory Authority’s BrokerCheck, which shows their background, customer complaints and licenses.

Facet Wealth

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Facet Wealth employs only Certified Financial Planners and assigns one dedicated financial advisor to each client. The company does not charge fees for assets under management or work off commissions, so prices are dependent only on the specific services a client uses. Customers praise Facet Wealth for the personalized experience it provides.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgment or subject matter expert’s judgment. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.