FMP Wealth Advisers
FMP Wealth Advisers is a fee-only SEC-registered RIA founded in 1987, providing financial planning, investment management, qualified plans, and private investments to high-net-worth individuals, families, and business owners in Central Texas and Southwest Louisiana.
- Company typePrivate
- Founded1987
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What FMP Wealth Advisers does
FMP Wealth Advisers is a fee-only financial planning and investment advisory firm founded in 1987 by Milton Hixson, CFP®, CPA, headquartered in Austin, Texas with a second office in Lake Charles, Louisiana. The firm operates as an SEC-registered Registered Investment Adviser (RIA) under the fiduciary standard, meaning it does not earn commissions from product sales and is legally required to place client interests first. FMP delivers four integrated service lines: ongoing Financial Planning, Investment Management, Qualified Plans administration for employer retirement programs, and Private Investments for qualified investors seeking alternatives beyond public markets.
The firm's technology stack is minimal: a website (fmpwa.com) and Addepar-powered client portal for account access and portfolio monitoring. There is no proprietary software, mobile app, or API offering. FMP publishes educational content authored by CFP® professionals (notably Christian Hudspeth) covering retirement, taxation, investments, and estate planning as a top-of-funnel marketing channel.
FMP serves two primary customer segments: high-net-worth individuals and families in Central Texas and Southwest Louisiana seeking comprehensive wealth management, and business owners needing qualified plan design and administration. Revenue is generated through advisory fees on financial planning, investment management, qualified plan services, and private investment offerings, structured as recurring subscription-style engagements. The firm is privately held and founder-controlled with no disclosed external investors, parent company, or institutional backing.
FMP Wealth Advisers firmographics
Firmographics- Name
- FMP Wealth Advisers
- Legal name
- FMP Wealth Advisers
- Website
- https://fmpwa.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FMP Wealth Advisers is a fee-only SEC-registered RIA founded in 1987, providing financial planning, investment management, qualified plans, and private investments to high-net-worth individuals, families, and business owners in Central Texas and Southwest Louisiana.
- Ownership category
- akta.pro rank
FMP Wealth Advisers industry classification
Industry- Product category
- Wealth Management and Investment Advisory
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)
- akta.pro secondary industries
- Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)
Keywords
Where FMP Wealth Advisers is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
FMP Wealth Advisers business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Financial Planning and Investment Advisory Fees: Fee-only financial planning and investment advisory services. The firm is described as a fee-only wealth management firm, meaning they do not earn commissions from product sales. Revenue is generated through advisory fees for comprehensive financial planning, investment management, qualified plans administration, and private investments services.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
FMP Wealth Advisers product offering
Product offeringCore offering
FMP Wealth Advisers is a fee-only Registered Investment Adviser that provides ongoing financial planning, disciplined investment management, qualified retirement plan (e.g., 401(k)) design and administration for employers, and private/alternative investment offerings to qualified investors. Services are delivered through personal advisory relationships to high-net-worth individuals, families, and business owners in Central Texas and Southwest Louisiana.
Product overview
FMP Wealth Advisers operates as a unified fee-only wealth management firm offering four integrated core service areas: Financial Planning (ongoing advisory relationship), Investment Management (portfolio management), Qualified Plans (employer retirement plan services), and Private Investments (alternative assets). The firm was founded in 1987 and serves clients across Central Texas and Southwest Louisiana from offices in Austin, TX and Lake Charles, LA.
Differentiator
Problem solved
Functional benefit
Products and services
- Financial Planning Ongoing financial planning services that evolve with clients' changing needs over time, addressing comprehensive financial goals for individuals and families.
- Investment Management Disciplined investment management services providing strategic portfolio management to help clients and families navigate the investment landscape and achieve their financial goals.
- Qualified Plans Employer retirement plan services with over 30 years of experience guiding employers through the design, implementation, and monitoring of qualified retirement plans including 401(k)s.
- Private Investments Alternative investment offerings beyond traditional stocks, bonds, and public markets, providing diversification opportunities for qualified investors.
Companies that use FMP Wealth Advisers
Customer profileSegments2 records
Ideal customer profiles2 records
FMP Wealth Advisers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
FMP Wealth Advisers partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights3 records
FMP Wealth Advisers competitors and assessment
Company assessmentDirect peers
- Savant Wealth Management: Mid-size fee-only RIA providing financial planning, investment management, and tax services to HNW individuals, families, and businesses. Highly comparable to FMP in scale, service breadth, and fee-only fiduciary model.
- Ritholtz Wealth Management: Fee-only RIA of comparable mid-size scale offering financial planning and investment management with a strong content-marketing emphasis (blog, podcasts). Highly comparable to FMP's regional footprint, content-driven GTM, and CFP-led advisory team structure.
- Buckingham Strategic Wealth: Fee-only RIA headquartered in St. Louis providing financial planning and investment management to HNW individuals and families nationally. Closely matches FMP's fee-only fiduciary model, comprehensive planning orientation, and recurring advisory revenue structure.
Broad incumbents
- Mercer Advisors: National RIA acquirer consolidating independent advisory firms, with strong focus on HNW financial planning, tax, and estate services. Comparable to FMP in service mix; a likely strategic acquirer of independent Texas-based RIAs of FMP's profile.
- Edelman Financial Engines: One of the largest independent RIAs, fee-only and fiduciary, serving HNW individuals with comprehensive financial planning and investment management. Comparable fiduciary model and planning-first positioning to FMP, but at national scale.
- Focus Financial Partners: Public RIA consolidator acquiring independent advisor firms. Comparable to FMP's positioning as a regional fee-only RIA and represents the institutional exit path through which many similar firms have transacted.
- Carson Group: Large RIA support platform that partners with independent financial advisors, providing technology, marketing, and back-office infrastructure. Comparable to FMP as an alternative growth/consolidation path; many firms like FMP eventually join or compete against Carson-affiliated advisors.
- Mariner Wealth Advisors: Large national RIA offering financial planning, investment management, retirement plan services, and private investments. Closely mirrors FMP's four-pillar service set (planning, investments, qualified plans, alts) at significantly greater scale.
- Creative Planning: One of the largest independent fee-only RIAs in the U.S., offering comprehensive financial planning, investment management, and tax services to HNW clients. Highly comparable to FMP in service model and fee-only fiduciary positioning, but operates at vastly greater scale nationally.
- Sanctuary Wealth: Partnership platform for independent advisors and RIAs, providing compliance, technology, and investment infrastructure. Comparable to FMP as a destination for independent advisors evaluating scale vs. independence, and a potential consolidator.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key highlights6 records
Customer concentration
FMP Wealth Advisers financial estimates
Financial estimateRevenue estimate
Valuation estimate
FMP Wealth Advisers leadership team
Management profileNumber of profiles
Profiles3 records
FMP Wealth Advisers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FMP Wealth Advisers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FMP Wealth Advisers
What does FMP Wealth Advisers do?
FMP Wealth Advisers is a fee-only Registered Investment Adviser that provides ongoing financial planning, disciplined investment management, qualified retirement plan (e.g., 401(k)) design and administration for employers, and private/alternative investment offerings to qualified investors. Services are delivered through personal advisory relationships to high-net-worth individuals, families, and business owners in Central Texas and Southwest Louisiana.
Is FMP Wealth Advisers a public or private company?
FMP Wealth Advisers is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FMP Wealth Advisers founded?
FMP Wealth Advisers was founded in 1987. It employs 11 to 50 people.
Where is FMP Wealth Advisers based?
FMP Wealth Advisers is headquartered in Austin, United States, in the North America region.
How does FMP Wealth Advisers make money?
One revenue line is on record: financial Planning and Investment Advisory Fees.
Who are FMP Wealth Advisers's main competitors?
Direct peers on record are Savant Wealth Management, Ritholtz Wealth Management and Buckingham Strategic Wealth. Broad incumbents are Mercer Advisors, Edelman Financial Engines, Focus Financial Partners, Carson Group, Mariner Wealth Advisors, Creative Planning and Sanctuary Wealth.
Does FMP Wealth Advisers have an API?
No public API is recorded for FMP Wealth Advisers.
What industry is FMP Wealth Advisers in?
FMP Wealth Advisers's product category is Wealth Management and Investment Advisory. Its primary akta.pro industry code is FSAAAAAF, Financial Planning & Goals-Based Advice (Mass Affluent), with a secondary code of FSAEABAE, Employer Retirement Plan Advisory (401(k)/Pension). Its NAICS code is 523940 and its SIC code is 6282.