W. P. Richardson
Founder, Texas Financial Partners
Whitley Penn Financial Services
“Success can create its own set of problems. Many thriving businesses won’t have enough liquidity to survive the tax impact of ownership transfer. A successful business is often the largest asset in an estate, forcing a sale or liquidation to meet estate tax liabilities. Owners have to plan well in advance for any ownership transition within the family or the management team or outside buyers.”
William P. Richardson, Wealth Management Advisor, brings decades of financial wisdom to Texas Financial Partners. His extensive background in comprehensive planning encompasses small business continuity, wealth transfer strategies, estate planning, and long-term disability.
Richardson entered the world of life insurance in 1987, with a focus on advanced wealth transfer strategies. In 2002, he joined Whitley Penn Financial LLP as a wealth management advisor. Richardson is accredited as a Chartered Life Underwriter, a Certified Family Business Planning Specialist (The American College), and a Mutual Funds and Variable Annuities Representative (Series 6). In addition, he holds a Uniform Securities Agent State Law License (Series 63). As a past board member and officer for The Big Brothers and Big Sisters Organization of Tarrant County and past president and chairman of the board at Ridglea Country Club, Richardson currently serves as a member of the TCU’s Lettermen’s Association and the Envoy Hospice Foundation.
Richardson graduated from Texas Christian University in 1985 with a degree in Business Management—while lettering in golf. In his free time, Richardson enjoys golfing with friends, traveling with family, and rooting his daughter on during volleyball and cheerleading events at school. He and his wife, Alicia, have two children.