TopRac Financial is a registered investment advisor located in Texas, founded by Rachael Smith. The firm operates on a fee-only basis and acts legally required to act in your best interest, meaning they do not receive commissions for recommending products. TopRac Financial focuses exclusively on providing financial planning services rather than managing investment portfolios directly. Their services are delivered primarily on a virtual basis, utilizing modern portfolio theory to make recommendations while helping clients with cash flow, debt management, retirement planning, business planning, education funding, insurance, estate planning, tax strategies, and charitable giving. Clients retain the authority to make trades without asking first and choose whether to implement any recommendations. The firm does not impose any minimum investment or asset requirements to work with them.
Fee Structure
TopRac Financial charges for financial planning services based on an estimate of the time required multiplied by an hourly rate of $210. The total fee is typically split into three installments: a 10% initial deposit upon signing the agreement, 45% at the midpoint, and the remaining 45% upon delivery of the final plan. Additional services requested after the initial plan is delivered—such as implementation assistance, annual reviews, tax planning assistance, or ad hoc questions—are provided at the hourly rate of $210, billed monthly.