Goodman Financial Corporation
Answer a few questions and
get matched with an advisor.
Learn more about Goodman Financial Corporation
Overview
Goodman Financial Corporation is a financial advisor firm based in Houston, Texas. The firm administers $580.1 million in total assets throughout 739 accounts, placing it among the bigger investment advisory firms in the country by assets under management (AUM). The firm has a small group, including 13 financial advisors. Goodman Financial Corporation is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as equities, options and bonds.
Goodman Financial Corporation oversees all of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make transaction choices without requiring the client's consent. The company oversees roughly $784,980 in assets for every account. The average financial advisor at Goodman Financial Corporation administers around 57 client accounts, making it about average in terms of personalization.
Goodman Financial Corporation's headquarters is located at 5177 Richmond Avenue, Houston, Texas 77056. Goodman Financial Corporation is allowed to provide services to clients throughout 4 states, including Colorado, Florida, Louisiana and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Goodman Financial Corporation by the Numbers
$580.1 million
23
739
$785.0 thousand
Products and Services
Goodman Financial Corporation offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and other services. In the past financial year, the company provided financial planning services to 101-250 of its customers. The firm does not sell products or offer services other than investment advice to its investment advisory accounts.
Core Advisor Services
-
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
-
Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
-
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
-
Find a firm that offers this service
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
-
Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
-
Find a firm that offers this service
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on which services the firm provides the client. However, fees billed by the company likely include the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Goodman Financial Corporation.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
Unavailable
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Goodman Financial Corporation works with retail investors, high net worth investors, pension plans and charitable organizations. Out of its 739 customers, Goodman Financial Corporation's biggest client is high net worth investors, although it also serves 173 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.
- High-Net-Worth Individuals* - 69.76%
- Other Individuals - 25.4%
- Corporations - 0.81%
- Charitable Organizations - 4.03%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Goodman Financial Corporation does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
Financial Advisors at Goodman Financial Corporation
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Houston, TX
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.