Forbes Best In-State Wealth Advisors
Glen D. Smith Recognized for Excellence in Wealth Management
Glen D. Smith has been named as one of Forbes Best-in-State Wealth Advisors for 2025, a prestigious recognition for standout wealth advisors who top the list in each state. The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data. Those advisors that are considered have a minimum of seven years of experience and are judged on factors such as revenue trends, assets under management, compliance records, industry experience, and those who encompass best practices in their approach to working with clients.
Top Advisor rankings are published annually, but they don't tell the whole story, as most of the advisors are concentrated around bigger markets such as New York and San Francisco. The list of Forbes Best-in-State Wealth Advisors is composed to highlight Advisors in other states with smaller concentrations of wealth or more specific markets. R.J. Shook, president of SHOOK Research, says: "It is our belief clients are oftentimes better served by local representation. For example, a Houston-based investor who made her fortune in oil may prefer a local advisor with experience in that sector; a tech entrepreneur may want an advisor well-versed in start-ups and funding; or a farmer seeking an advisor with expertise in the futures markets. Many of the clients we talk to say they consider their advisors and teams like a part of their families, so it's nice to have them close by."
The ability to meet with clients face-to-face can be a real competitive advantage. Unlike their digital counterparts, Forbes Best-In-State Wealth Advisors specialize in multiple aspects of financial planning, offering everything from retirement and tax advice to financing for luxury items and amenities.
Thresholds are set to minimize the quantity of nominations received. Numbers such as production and assets don't tell the whole story, especially when much of the data is self-reported. SHOOK Research creates rankings of role models—advisors that are leading the way in offering best practices and providing a high-quality experience for clients. A focus on both quantitative and qualitative factors, including telephone and in-person meetings, is imperative.
R.J. Shook, president of SHOOK Research, says: "If we're going to recommend advisors to the public, we have to make sure every advisor is high quality. When we meet with an advisor in person or on the telephone, we are thinking to ourselves, 'Is this someone we would recommend to a friend or family member?'"
The ability to meet with clients face-to-face can be a real competitive advantage. Unlike their digital counterparts, Forbes Best-In-State Wealth Advisors specialize in multiple aspects of financial planning, offering everything from retirement and tax advice to financing for luxury items and amenities.
Thresholds are set to minimize the quantity of nominations received. Numbers such as production and assets don't tell the whole story, especially when much of the data is self-reported. SHOOK Research creates rankings of role models—advisors that are leading the way in offering best practices and providing a high-quality experience for clients. A focus on both quantitative and qualitative factors, including telephone and in-person meetings, is imperative.
R.J. Shook, president of SHOOK Research, says: "If we're going to recommend advisors to the public, we have to make sure every advisor is high quality. When we meet with an advisor in person or on the telephone, we are thinking to ourselves, 'Is this someone we would recommend to a friend or family member?'"
The Research Process
SHOOK scours the financial services industry—banks, brokerages, custodians, insurance companies, clearing houses, and others for nominations. SHOOK accepts advisors who meet predetermined minimum thresholds and acceptable compliance records. As of this date, SHOOK has received 48,944 nominations of advisors who meet SHOOK's thresholds. SHOOK invited 27,586 of these nominees to complete an online survey.
SHOOK Research is the only rating firm that interviews advisors via telephone and in person at the advisor's location.
Basic Requirements
-
7 years as an advisor
-
Completion of online survey
-
Minimum 1 year at current firm, with exceptions (acquisitions, etc.)
-
Business that is conducted with individuals is evaluated
-
Advisor must be recommended and nominated by Firm
-
Acceptable compliance record
Quantitative
-
Revenue/production; weightings assigned for each
-
Client-related data, such as retention
-
Assets under management—and quality of those assets—both custodied and a scrutinized look at assets held away. (Although individual numbers are used for ranking purposes, we publish the entire team's assets.)
-
Portfolio performance is not a factor; audited returns among advisors are rare, and differing client objectives provide varying returns.
Qualitative
-
Telephone and in-person meetings with advisors (if an in-person meeting cannot be accomplished, exceptions are considered in which the interview will occur after a ranking has been published)
-
Advisors that exhibit "best practices" within their practices and approach to working with clients
-
Compliance records and U4s. Some "dings" can be overlooked (e.g., firm or product failure beyond the scope of an advisor's due diligence; the older a ding, the less we look). Since there are many gray areas, the SHOOK team is willing to listen to a firm that is willing to stand behind the advisor with written support from leadership.
-
Advisors that provide a full client experience
-
Service model
-
Investing process
-
Fee structure (higher percentage of fee-based assets earns more points)
-
Breadth of services, including extensive use of the Firm's platform and resources (e.g., liabilities)
-
Credentials (years of service can serve as proxy)
-
Use of team and team dynamics
-
Community involvement
-
Discussions with management, peers, and competing peers
-
Telephone and in-person meetings
The Forbes America’s Top Wealth Advisors 2025 ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes a review of best practices, client retention, industry experience, review of compliance records, and firm nominations; and quantitative criteria, including assets under management and revenue generated for their firms. This ranking is based upon the period from 6/30/2023 to 6/30/2024 and was released on 4/8/2025. Investment performance is not a criterion because audited records rarely exist and clients have varying risk levels. Rankings are based on the opinions of SHOOK Research, LLC, and are not indicative of future performance or representative of any one client’s experience. Research Summary (as of April 2025): 48,944 Advisor nominations were received based on high thresholds. 27,587 Advisors were invited to complete the online survey. SHOOK has conducted over 23,303 telephone interviews with advisors. 6,004 Advisors were interviewed in-person at the Advisors' location, and 1,545 interviews were web-based. The final list of the top 250 advisors was then compiled based on an algorithm that considers both quantitative and qualitative criteria. This ranking is not an endorsement, is not indicative of an advisor's future performance, and may not be representative of individual clients' experience. This should not be construed as a testimonial or guarantee of investment success. Neither GDS Wealth Management nor any of its Financial Advisors pay a fee in exchange for this award/rating. GDS Wealth Management is not affiliated with Forbes or Shook Research, LLC. For full methodology and list, visit https://www.forbes.com/lists/top-wealth-advisors/?sh=4281b4c61c7c.
Download Our 6-Step Financial Planning Process
Plus, elevate your financial know-how and receive expert financial advice straight to your inbox.
GDS Wealth Management is an investment adviser in Flower Mound, TX. GDS Wealth Management is registered with the Securities and Exchange Commission(SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. GDS Wealth Management only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of GDS Wealth Management's current written disclosure brochure filed with the SEC, which discusses, among other things, GDS Wealth Management’s business.
%201.webp)
