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Best Financial Advisors in Tulsa, OK

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

A financial planner helps you manage your wealth, organize your finances and prepare for retirement. Though talking about money can be intimidating, a fiduciary financial advisor guides you to the right decisions for your savings and investments. We researched the best financial advisors in Tulsa to help you set and accomplish your financial goals.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. NewsOn6 may receive compensation from our partners. Learn more.

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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
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#2
Capital Advisors
Capital Advisors
Features
  • $2.2 billion in assets under management
  • Minimum account requirement of $250,000
  • Provides a customized portfolio for each client
  • Has a 20-person advisory team
Location
2222 S. Utica Pl., Ste. 300
Tulsa, OK 74114
(866) 230-5879
#3
Gibraltar Capital Management
Gibraltar Capital Management
Features
  • $432 million in assets under management
  • Minimum account requirement of $500,000
  • Offers philanthropic support services
  • Manages 2 private investment funds open exclusively to clients
Location
9125 S. Toledo Ave
Tulsa, OK 74137
(918) 492-4209
#4
Melia Wealth Advisory Group
Melia Wealth Advisory Group
Features
  • $152 million in assets under management
  • No set account minimum
  • Charges fixed fees for financial services
  • Free consultations
Location
E. 5424 S. Memorial Dr.
Tulsa, OK 74145
(918) 794-9290
Bridgecreek Investment Management
Bridgecreek Investment Management
Features
  • Hours unavailable
  • bridgecreekinvestment.com
Location
4521 E. 91st St., Ste. 300
Tulsa, OK 74137
(918) 392-1990
Cadent Capital Advisors, LLC
Cadent Capital Advisors, LLC
Features
  • M-F: 8am - 4pm
  • Closed Sat and Sun
  • cadcapital.com
Location
4525 E. 91st St.
Tulsa, OK 74137
(918) 935-3450
Legacy Financial Group
Legacy Financial Group
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • legacyadvisor.net
Location
2508 E. 21st St.
Tulsa, OK 74114
(918) 665-0826
Warburton Capital Management
Warburton Capital Management
Features
  • Hours unavailable
  • warburtoncapital.com
Location
15 E. 5th St., Ste. 3675
Tulsa, OK 74103
(918) 794-3000
Waddell & Reed, Inc.
Waddell & Reed, Inc.
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • centralkansas-oklahoma.wradvisors.com
Location
4200 E. Skelly Dr., Ste. 1020
Tulsa, OK 74135
(918) 494-7787
Pinnacle Investment Advisors
Pinnacle Investment Advisors
Features
  • Hours unavailable
  • pinnacleholdings.net
Location
233 S. Detroit Ave., Ste. 100
Tulsa, OK 74120
(918) 582-6864
Hughes Warren, Inc.
Hughes Warren, Inc.
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • hugheswarren.com
Location
9150 N. May Ave.
Oklahoma City, OK 73120
(405) 418-4080

Choosing a financial advisor in Tulsa

tulsa skyline

Financial advisors have experience with investments and financial planning to help you to achieve financial success. Money advisors also work with clients to establish a budget and develop financial discipline.

While people in Tulsa benefit from professional asset management at any stage of life, you may need a financial advisor if:

  • You’re starting your first salaried job and want to learn more about investments
  • You recently got married and are merging finances with your spouse
  • You recently had children and need advice preparing for their financial futures
  • You have at least $500,000 in assets and want someone to take over asset management
  • You want guidance on issues dealing with cash flow, savings or repaying loans

You don’t need to be wealthy to seek professional financial advice, but hiring a money advisor can be expensive. Some investment advisors require a minimum amount of assets in your account, usually $100,000.

Types of financial advisors

There are two fundamental types of financial advisors in Tulsa: robo-advisors and human advisors. A robo-advisor is an online service that utilizes computer algorithms to build and manage clients’ portfolios. Robo-advisors are cost-effective options that require low account minimums.

Human advisors are professionals who use their education and experience to guide you through everything from investments to retirement planning. While human advisors charge more than robo-advisors for their work, they provide more detailed, personalized services for clients with significant assets or complicated finances.

Another critical distinction separates fiduciary financial advisors and non-fiduciary advisors. A fiduciary is a person or organization that has the duties of good faith and trust. This means they’re legally and ethically bound to act in their client’s best interests. By law, if they don’t operate according to your best interests, you can sue them. Fiduciary advisors must register with a state securities regulator.

Non-fiduciary advisors, which include insurance agents, stockbrokers and broker-dealers, don’t have to act in their clients’ best interest. This lack of regulation tempts these advisors to make recommendations that may not be in your best interest but benefit them financially.

What is the cost of a financial advisor in Tulsa?

The cost of a financial advisor in Tulsa varies depending on your specific needs. Financial planners offering asset management earn money through:

  • Flat fees. A flat fee lets clients know what to expect on their bill for a specific, one-time service. For instance, someone needing a financial plan would pay a flat fee of $1,000 - $3,000.
  • Hourly rates. Hourly rates between $100 and $300 are common for ad hoc financial advice or cases that exceed what’s covered by a flat fee.
  • Assets under management fees. These fees are a percentage of what’s in your account. Robo-advisors charge around 0.5 percent while human advisors take between 1 and 2 percent.
  • Commission. When working off commission, financial advisors receive 3 - 6 percent whenever they buy or sell securities on the client’s behalf.

Fee-only advisors in Tulsa exclusively make money off of fees, while a fee-based advisor earns both fees and commissions. A fee-only advisor may cost more upfront, but they lack some of the potential conflicts of interest that come with commissions.

What qualifications should a financial advisor have?

Look for a fiduciary financial advisor in Tulsa who has a relevant college degree and some kind of additional certification, like being a Certified Financial Planner.

Additionally, all financial advisors in Oklahoma should have registered with the Securities and Exchange Commission or Financial Industry Regulatory Authority.

Before hiring a financial advisor, ask:

  • Have you or your firm ever faced discipline from a regulator? If yes, for what reasons, and how was the matter resolved?
  • Are you a fiduciary?
  • How do you make money?
  • Do you charge an hourly rate, flat fee, AUM fee or commission?
  • What experience do you have with people in my situation?
  • What products and services do you offer? Are you limited in the products and services you can recommend to me?

When evaluating a fiduciary financial advisor to work with in Tulsa, watch out for financial planners unable to provide proof of education or certification or verify their track record. You can check these using FINRA’s BrokerCheck to avoid hiring a known scammer.

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Founded in 2016, Facet Wealth guides its clients toward financial prosperity by offering state-of-the-art financial planning packages and creating custom investment solutions. This company’s Certified Financial Planners virtually meet with clients to help them with their 401(k) plans, employee benefits, stock options, individual retirement accounts and asset management.

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.