Derek Finley
Open Door Financial Advisors · Lubbock, Texas
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.
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Specialties
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 |
| Assets under management | $15.4M across 73 accounts |
| Credentials | CFP |
| SEC registration | Investment adviser representative in TX · CRD 5488076 |
| Exams passed | Series 65 (2008) |
| Firm size | 1 employee |
| Disclosures | None reported |
| Website | opendoorfa.com |
| Profile |
How Derek's firm compares
- Ongoing planning starts at $2,772 a year, in line with the Texas median of $3,000 for fee-only firms that publish prices.
- Open Door Financial Advisors's average account is about $211,000, from its Form ADV (assets managed divided by 73 accounts).
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Questions about Derek
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.
What these terms mean: fee-only · fiduciary · CFP · CRD number · all terms
Other fee-only advisors in Lubbock
Other advisors in Texas who focus on retirement planning
Where this information comes from
- XY Planning Network directory listing : XYPN members are fee-only
- Open Door Financial Advisors website : specialties, clients served, and fees, checked October 28, 2026
- SEC Investment Adviser Public Disclosure : registration, exams, and the firm's Form ADV, data as of October 27, 2026
- Directory listing last checked April 21, 2026.
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