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SFMG, LLC
SFMG, LLC (SFMG Wealth Advisors) is a Dallas-area boutique financial planning and wealth management firm founded in 1992 by Greg Morgan. It is jointly owned by four principals and provides tailored investment advice and comprehensive personal financial planning to individuals and families across a range of life stages. As of 2025, it employs approximately 37-38 professionals. The firm is known for its client-centric focus, collaborative culture, and disciplined approach to financial planning, serving primarily high net worth individuals and some institutional clients.
Investment Strategy
SFMG Wealth Advisors delivers personalized, high-touch financial planning and investment management, emphasizing integration of comprehensive planning with dynamic portfolio management. The firm constructs portfolios based on clients' financial objectives, risk tolerance, and timelines, striving for responsiveness to market risks rather than a passive buy-and-hold approach. Decisions are made through an Investment Committee that combines institutional and proprietary research and meets monthly to adjust allocations based on current market, economic, and tax conditions. SFMG promotes discipline, transparency, and objectivity, tailoring recommendations to individual client restrictions and needs.
Latest 13F Filing Activity
SFMG, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 276 equity positions with a total 13F market value of $1B. The fund increased holdings in Pacer FDS TR, Goldman Sachs Etf TR, Invesco Exchange Traded FD T among other positions. SFMG, LLC reduced exposure to Ishares TR, CBRE Group Inc., Cisco SYS Inc. among others.
Top Holdings
Equity Positions (276)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A ATO | ATMOS ENERGY CORP | 12.07% | $160.8M | 1,043,125 | $59.92 | $154.11 | -$2.9M |
S SPHQ | INVESCO EXCHANGE TRADED FD T | 8.72% | $116.2M | 1,630,713 | $33.36 | $71.26 | +$8.7M |
P PTLC | PACER FDS TR | 8.56% | $114.1M | 2,247,421 | $50.76 | $50.76 | +$114.1M |
G GSLC | GOLDMAN SACHS ETF TR | 7.39% | $98.5M | 811,380 | $66.41 | $121.38 | +$10.3M |
Q QUS | SPDR SERIES TRUST | 6.36% | $84.7M | 519,412 | $104.83 | $163.09 | +$3.7M |
Industry Allocation
Investment Team (9)
| Name | Role | Location | |
|---|---|---|---|
 | Principal | San Francisco, CA , United States | |
 | Alternative Investment Associate | Allen, TX , United States | |
N Nick Gaumer | Manager of Trading and Stakeholder | TX , United States | |
G Garrett Cayet | Chief Investment Officer | Dallas, TX , United States | |
 | Senior Investment Analyst | Dallas, TX , United States | |
J Jeremy White | Senior Investment Analyst | TX , United States | |
| Trading Associate | TX , United States | ||
N Nathan King | Alternative Investment Associate | TX , United States | |
W Wyatt Blackstock | Investment Analyst | Prosper, TX , United States |
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