Firm
Open Door Financial Advisors
Lubbock, Texas
Fee-only
Open Door Financial Advisors at a glance
- One of 690 fee-only firms based in Texas in the Wellspent graph.
- 1 advisor is listed here, who holds the CFP.
- Its Form ADV reports 1 employee and 29 individual clients, 10 of them high net worth.
- Its average account is about $211,000 (assets it manages divided by its 73 accounts).
- Its ongoing planning fee starts at $2,772 a year, in line with the Texas median of $3,000.
- Its website says it's taking new clients.
Fee-only advisors in Texas · What fee-only advisors charge in Texas
Facts
| Based in | Lubbock, Texas |
|---|---|
| Website | opendoorfa.com |
| [email protected] | |
| Phone | (806) 318-8215 |
Open Door Financial Advisors fees
What the firm's own website says it charges, checked October 28, 2026. We keep a price only when the exact words stating it appear on the page.
| Ongoing planning | From $2,772 a year |
|---|---|
| Account minimum | None |
| How it charges | Ongoing planning fee · Percentage of assets |
In the firm's words
"$231/month - includes investment management for your first $250K." source
"No hidden fees. No long-term commitment. No investment minimum." source
"$231/month - includes investment management for your first $250K." source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly · Fixed fees |
|---|---|
| Assets managed | $15 million |
| Individual clients | 19 |
| High-net-worth clients | 10 |
| Accounts managed | 73 |
| Employees | 1 |
| Planning clients | 26-50 |
| Financial planning | Offered |
| Form ADV filed | March 13, 2026 |
| SEC record | CRD 314379 |