Penn Davis McFarland
TL;DR
Independent fee-only adviser founded in Dallas in 1977 that manages separate accounts for high net worth individuals, trusts, charities and retirement plans.
$1.4 billion
Regulatory AUM
As of ADV filing 2026-03-12
549
Accounts / Clients
211 clients
0
Disclosures
Item 11 events
SEC
Registration
SEC-registered
10
Team Size
employees, 7 advisory
49 yrs
Years Registered
First registered 1977
About Penn Davis McFarland
Independent fee-only adviser founded in Dallas in 1977 that manages separate accounts for high net worth individuals, trusts, charities and retirement plans.
Office: 2626 Cole Ave, Suite 504, Dallas, TX 75204.
Best for: Families above $1M wanting fee-only discretionary portfolios, 1.25% on first $1M
Fee model and designations stated on the guide
Fee-onlyPlanning designations named
Form ADV data
CRD110417
RegistrationSEC-registered
First registration1977
Regulatory AUM$1.4 billion
ADV filing date2026-03-12
Accounts549
Clients211 individual and high-net-worth clients
Employees10
Advisory employees7
Fee modelFee-only per ADV 2A; no compensation from product sales
MinimumPrefers $1,000,000 account, smaller accepted in some cases (ADV 2A)
Disclosure events (Item 11)0
DesignationsCFA, CFP and CPA named on the team page
Source: SEC Investment Adviser Public Disclosure, CRD 110417, as of ADV filing 2026-03-12, pulled October 10, 2026.
Ranked on ProCloser
- Top 10 Wealth Managers in Dallas, TX (2026): rank 5 of 10
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