RIA comparison · SEC Form ADV
Forvis Mazars Wealth Advisors, LLC vs Modern Wealth Management, LLC
Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.
The short answer
Forvis Mazars Wealth Advisors, LLC is the larger of the two, with $12B in regulatory assets to $11B at Modern Wealth Management, LLC, 10% more than its rival, by their latest Form ADV filings. Modern Wealth Management, LLC reports more individual clients (11,524 vs 4,329), while Forvis Mazars Wealth Advisors, LLC’s clients hold more on average (about $2.5 million each against $830,000). Both are based in Missouri: Forvis Mazars Wealth Advisors, LLC in Springfield and Modern Wealth Management, LLC in Kansas City.
| Figure | Forvis Mazars Wealth Advisors, LLC | Modern Wealth Management, LLC |
|---|---|---|
| Regulatory AUM | $12B | $11B |
| National rank | #81 | #88 |
| Headquarters | Springfield, Missouri | Kansas City, Missouri |
| Individual clients | 4,329 | 11,524 |
| High-net-worth clients | 1,898 | 2,529 |
| Average client assets | $2.5 million | $830,000 |
| Accounts | 14,044 | 30,617 |
| Discretionary | 98% of AUM | 94% of AUM |
| Employees | 124 | 253 |
| Advisory staff | 82 | 102 |
| Clients per advisory employee | 53 | 113 |
| Offices | 66 | 23 |
| Form ADV filed | 2026-08-25 | 2026-07-02 |
Forvis Mazars Wealth Advisors, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Modern Wealth Management, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Questions
Which is bigger, Forvis Mazars Wealth Advisors, LLC or Modern Wealth Management, LLC?
Forvis Mazars Wealth Advisors, LLC, with $12B in regulatory assets under management against $11B at Modern Wealth Management, LLC. Nationally they rank #81 and #88 among 5,657 independent wealth management RIAs.
How many clients do Forvis Mazars Wealth Advisors, LLC and Modern Wealth Management, LLC have?
Forvis Mazars Wealth Advisors, LLC reports 4,329 individual clients (1,898 high-net-worth) with 82 advisory employees; Modern Wealth Management, LLC reports 11,524 (2,529 high-net-worth) with 102 advisory employees.
How do Forvis Mazars Wealth Advisors, LLC and Modern Wealth Management, LLC charge clients?
They list the same forms of compensation on Form ADV: a percentage of assets under management; hourly charges; fixed fees. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.
What services do Forvis Mazars Wealth Advisors, LLC and Modern Wealth Management, LLC offer?
Forvis Mazars Wealth Advisors, LLC lists pension consulting, which Modern Wealth Management, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers; periodicals or newsletters; educational seminars and workshops.
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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: Forvis Mazars Wealth Advisors, LLC ↗, Modern Wealth Management, LLC ↗. How to check a financial advisor →