SFMG Wealth Advisors

SFMG Wealth Advisors is a Dallas-area wealth management firm managing approximately $2.96 billion in client assets with an 18-advisor team serving about 968 clients. It provides personalized wealth management that combines financial planning and portfolio management for individuals, high-net-worth families, retirement plans, trusts, and corporate clients.

The firm emphasizes a planning-first process that documents each client’s investment policy statement and uses a centralized Investment Committee to implement strategic asset allocation with tactical adjustments. Portfolios are constructed using a sleeve approach that can include mutual funds, ETFs, private equity, private credit, real estate, hedge-fund strategies, and the use of subadvisors; about $2.67 billion is managed on a discretionary basis.

Notable distinctions include the firm’s use of hypothetical performance in its materials and its involvement with private investment vehicles: SFMG sponsors and provides services to private funds (including an Employee Fund and Confidence Period, LLC) that it may recommend or use, a practice it discloses and mitigates through its Code of Ethics, allocation procedures, and oversight. The firm also operates as a fee-only adviser and states that continuing insurance commission checks received by personnel are donated to charity.