Financial Management Professionals, Inc.
Financial Management Professionals, Inc. (FMP Wealth Advisers) is an SEC-registered investment adviser headquartered in Austin, Texas. Founded in 1987, the firm provides fee-only financial planning and investment management services to individuals (including high net worth individuals), pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. The firm is known for its personalized, confidential approach, serving over 2,600 accounts with approximately 14 employees. FMP Wealth Advisers does not sell investment products for commission and rejects finder’s fees, with a strict focus on client-driven advice and planning.
Investment Strategy
FMP Wealth Advisers utilizes a fee-only approach to comprehensive financial planning and investment management, tailoring solutions to clients’ specific objectives. Their strategy integrates tax efficiency, cash flow management, retirement and estate planning, and asset allocation. Investment selections are made through periodic reviews based on client needs, and the firm generally does not act as a custodian for client assets except for pooled investment vehicles. FMP emphasizes transparency, avoiding commissions, and regularly re-evaluates client portfolios in line with changing financial goals. For specialized pooled funds, such as FMP Select Assets Diversified Fund, fees may include both management and performance-based components.
Top Holdings
Equity Positions (935)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GSLC | Goldman Sachs Actvbeta US LRG ETF | 11.68% | $112.2M | 861,151 | $78.93 | $130.28 | +$8.7M |
S SCHG | Schwab US Large Cap Growth ETF | 6.63% | $63.7M | 1,997,526 | $19.69 | $31.91 | +$5.7M |
D DFAI | Dimensional Intern Core EQT MKT ETF | 6.42% | $61.7M | 1,696,259 | $30.17 | $36.35 | +$5.1M |
S SCHX | Schwab US Large Cap ETF | 6.28% | $60.3M | 2,289,295 | $22.45 | $26.34 | +$5.2M |
J JHMM | John Hancock Multifctr Mid CP ETF | 6.00% | $57.7M | 891,463 | $52.25 | $64.69 | +$4.5M |