Texas Capital Bank Private Wealth Advisors

CRD#298422
Investment Advisor Firm

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Learn more about Texas Capital Bank Private Wealth Advisors

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Texas Capital Bank Private Wealth Advisors is located at 2000 Mckinney Avenue, Dallas, TX. The firm employs 59 financial advisors to manage client portfolios and provide financial guidance. Texas Capital Bank Private Wealth Advisors is not a registered broker-dealer.

    Texas Capital Bank Private Wealth Advisors oversees $3.4 billion in assets under management across 1,868 accounts, of which 1,418 are discretionary and 450 are non-discretionary. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, and selection of other advisers. The firm caters to high net worth investors, investment companies, charitable organizations, state or municipal government entities, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Texas Capital Bank Private Wealth Advisors is asset-based. The firm has 567 high net worth clients and maintains affiliations with a broker-dealer or securities dealer and a banking or thrift institution.

    Texas Capital Bank Private Wealth Advisors is registered in the states of California, Colorado, Florida, Louisiana, and Texas.

    Assets Under Management

    $3.4 billion

    Number of Advisors

    59

    Disclosures

    No

    Office Location

    2000 Mckinney Avenue
    Dallas, TX 75201

    Texas Capital Bank Private Wealth Advisors by the Numbers

    Total Assets Under Management

    $3.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    66

    National Average: 64
    Total Number of Accounts

    1,868

    National Average: 375,227
    Average Account Size

    $1.8 million

    National Average: $23.0 thousand
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    Products and Services

    Texas Capital Bank Private Wealth Advisors offers a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, and selection of other advisers. Notably, Texas Capital Bank Private Wealth Advisors did not provide any of its clients with financial planning services in the previous financial year. The Company is not involved in selling products or offering services aside from investment advisory services 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

    • Offered by 20% of firms

      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.

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    Fee Structure

    Financial advisory fees usually vary depending on the services offered. Fees charged by Texas Capital Bank Private Wealth Advisors typically consist of the following fee structure: asset-based.Wrap fee programs, or the practice of bundling services for a single fee, are offered by Texas Capital Bank Private Wealth Advisors.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a broad range of customers. The firm caters to high net worth investors, investment companies, charitable organizations, state or municipal government entities, and corporations. Out of its 5 clients, Texas Capital Bank Private Wealth Advisors's largest client group by number of accounts is high net worth investors, though it also manages money for 567 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 79.97%
    • Other Individuals - 0%
    • Corporations - 16.22%
    • Charitable Organizations - 3.81%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Texas Capital Bank Private Wealth Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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