The Foundation of This Firm
Richard P. Slaughter founded Richard P. Slaughter Associates in 1991 on a conviction that was uncommon at the time: excellent financial advice could be delivered without product conflicts, hidden incentives, or divided loyalties.
That conviction came into focus during a 1990 conversation while traveling with his wife, Barbara. Dick shared his concern that the commission-driven brokerage model could place a broker’s interests ahead of a client’s. The conversation, and a moment of prayer and encouragement, helped clarify the path ahead: build an independent, fee-only firm where clients would always come first.
On January 2, 1991, Dick filed the paperwork to establish Richard P. Slaughter Associates, Inc., the first corporation formed in Texas that year. The firm would become one of the early fee-only investment advisory firms in the United States, founded on a simple but enduring principle: serve people with integrity, expertise, and their best interests at heart.
“I wanted a business that would make the client King and Queen, and that would represent their interests one hundred percent.”
— Richard P. Slaughter
Before founding the firm, Dick was an investment adviser at Paine Webber and Prudential-Bache Securities. He also placed among the top finishers in a nationwide Barron’s stock-picking contest. Throughout the firm’s early growth, from its first home office to serving clients across Texas, he remained focused on building a team and a practice worthy of clients’ trust.
In 2010, he was named a 5-Star Wealth Manager by Texas Monthly magazine. More importantly, he was proud that the firm’s growth came largely through client referrals; a reflection of relationships built over time.
“I’ve always operated on the philosophy that your success is our success. And that has proven to be true as we’ve built our business primarily from your referrals, which is the ultimate compliment.”
— Richard P. Slaughter, retirement letter, 2014
His philosophy remains the foundation of everything we do: thoughtful advice, disciplined management, honest service, and a lasting commitment to helping each client pursue their financial goals with confidence – True Wealth Management.
