By all rights, Dallas should be a dream market for independent advisors. Its fast-growing population and booming economy -- fueled by wealth generated from the energy business, real estate, private equity, entrepreneurs and Fortune 500 companies -- has made the Texas city one of the country’s most desirable wealth management markets.

But unlike the San Francisco Bay Area, another similarly flourishing wealth market, Dallas has not been as hospitable to independent wealth management firms. While Bay Area tech entrepreneurs have generally embraced local independent advisors to help them invest and manage their fortunes, Dallas energy and real estate millionaires have been less accommodating.

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