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- Custodian
- Charles Schwab & Company · Fidelity/NFS
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 08-11-1993
- Office Locations
- 1
Office Locations
About Sfmg Wealth Advisors
SFMG Wealth Advisors is a Dallas-area, fee-only wealth advisory firm providing comprehensive financial planning and portfolio management for families and individuals. They use data-driven research and coordinate with clients’ CPAs on cash-flow projections, insurance needs, and estate planning items. Investment implementation centers on disciplined portfolio construction using vehicles such as ETFs and mutual funds. Notable for no commissions and a low advisor-to-client ratio; custodied at Schwab and Fidelity.
Reported data analysis
What the numbers show
Between September 12, 2025 and July 24, 2026, reported AUM increased 17.1%, from $2.5B to $3.0B.
Across 5 reported observations, AUM increased 49.7% between July 26, 2022 and July 24, 2026, from $2.0B to $3.0B.
Of the latest reported AUM, 90.4% is discretionary and 9.6% is non-discretionary.
The firm reports 16 advisory representatives and 988 clients, or 61.8 clients per representative. That equates to $3.0M in reported AUM per client.
The profile lists 1 reported office location and 33 years in operation. The source data was last updated on October 5, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
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Available data coverage
- Asset Classes
- Client Personas
- Custodian
- Investment Themes
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- Platform
- Services
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Owner & Executives
KEVIN WAYNE MARGOLIS
Chief Executive Officer, MANAGING DIRECTOR
- CRD
- #4490753
- Ownership
- 25% but less than 50%
RYAN JAY BLAIR
Advisor, MANAGING DIRECTOR, President
- CRD
- #4811979
- Ownership
- 10% but less than 25%
Showing 2 of 8 owners & executives
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Michael C Cowles
Wealth Advisor
- CRD
- #6254495
Devin Jenea DeLapp
Wealth Advisor
- CRD
- #7329722
Showing 2 of 17 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $2,673,557,914 | $700,434 |
| Non-Discretionary | $283,412,140 | $560,103 |
| Total | $2,956,970,054 | $684,009 |
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Separately Managed Accounts
SMA allocation detail is available
Sfmg Wealth Advisors has reported separately managed account data across 6 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
13F Holdings | Q2 2026
Review the latest reported holdings
Sfmg Wealth Advisors's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.