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RIA comparison · SEC Form ADV

Citizens Private Wealth vs Independent Financial Partners

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Citizens Private Wealth is the larger of the two, with $17B in regulatory assets to $16B at Independent Financial Partners, 2% more than its rival, by their latest Form ADV filings. Independent Financial Partners reports more individual clients (52,539 vs 2,465), while Citizens Private Wealth’s clients hold more on average (about $6.4 million each against $230,000). Citizens Private Wealth is based in Tarrytown, New York and Independent Financial Partners in Tampa, Florida.

FigureCitizens Private WealthIndependent Financial Partners
Regulatory AUM$17B$16B
National rank#57#58
HeadquartersTarrytown, New YorkTampa, Florida
Individual clients2,46552,539
High-net-worth clients2,46518,190
Average client assets$6.4 million$230,000
Accounts12,11854,154
Discretionary86% of AUM71% of AUM
Employees214328
Advisory staff214302
Clients per advisory employee12174
Offices26172
Form ADV filed2026-07-082026-09-30

Citizens Private Wealth

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Independent Financial Partners

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Pension consulting
  • Selecting other advisers
  • Educational seminars and workshops
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Other

Questions

Which is bigger, Citizens Private Wealth or Independent Financial Partners?

Citizens Private Wealth, with $17B in regulatory assets under management against $16B at Independent Financial Partners. Nationally they rank #57 and #58 among 5,657 independent wealth management RIAs.

How many clients do Citizens Private Wealth and Independent Financial Partners have?

Citizens Private Wealth reports 2,465 individual clients (2,465 high-net-worth) with 214 advisory employees; Independent Financial Partners reports 52,539 (18,190 high-net-worth) with 302 advisory employees.

How do Citizens Private Wealth and Independent Financial Partners charge clients?

Only Independent Financial Partners lists other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Citizens Private Wealth and Independent Financial Partners offer?

Citizens Private Wealth lists portfolio management for businesses and institutions, which Independent Financial Partners does not. Independent Financial Partners lists pension consulting; educational seminars and workshops; other services, which Citizens Private Wealth does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Citizens Private Wealth ↗, Independent Financial Partners ↗. How to check a financial advisor →