# Derek Finley

> Derek Finley is a fee-only financial advisor at Open Door Financial Advisors in Lubbock, Texas, who holds the CFP credential. Derek charges an ongoing planning fee and a percentage of assets (ongoing planning from $2,772 a year and no asset minimum) and focuses on retirement planning.

Page: https://find.wellspent.co/advisors/derek-finley/
Built from public directory listings; last checked April 21, 2026.

## Facts

- **Firm:** Open Door Financial Advisors
- **Based in:** Lubbock, Texas
- **Fee model:** Ongoing planning fee; Percentage of assets
- **Fees (firm's website):** ongoing planning from $2,772 a year; no asset minimum
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $15.4M across 73 accounts
- **Credentials:** CFP
- **Specialties:** Retirement planning
- **CRD:** 5488076 (https://adviserinfo.sec.gov/individual/summary/5488076)
- **SEC registration:** Investment adviser representative in TX
- **Exams passed:** Series 65 (2008)
- **Firm size:** 1 employee
- **Disclosures:** None reported
- **Website:** https://opendoorfa.com

## Frequently asked questions

### Is Derek Finley a fee-only financial advisor?

Yes. Derek Finley is listed in the XY Planning Network directory (XYPN members are fee-only). SEC records as of October 27, 2026 show no broker registration and no commission compensation reported by Derek's firm.

### How does Derek charge for financial advice?

Derek charges an ongoing planning fee and a percentage of assets.

### How much does Derek charge?

According to Open Door Financial Advisors's website, checked October 28, 2026: ongoing planning from $2,772 a year; no asset minimum.

### Where is Derek Finley based?

Derek Finley is based in Lubbock, Texas.

### What does Derek specialize in?

Derek's specialties include retirement planning.

### What credentials does Derek Finley hold?

Derek Finley holds the CFP credential.

### Is Derek Finley registered with the SEC?

Yes. Derek Finley is registered as an investment adviser representative in TX (CRD 5488076), per SEC Investment Adviser Public Disclosure data as of October 27, 2026.

### How much does Open Door Financial Advisors manage?

Open Door Financial Advisors reports $15.4M across 73 accounts in assets under management.

### How do I contact Derek Finley?

Through Derek's website, opendoorfa.com.

## Sources

- XY Planning Network directory listing (https://www.xyplanningnetwork.com/find-an-advisor/derek-finley-10447): XYPN members are fee-only
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 27, 2026
- The firm's website (https://opendoorfa.com/): specialties, clients served, and fees, checked October 28, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.