Wednesday, October 21, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
IN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAsWM $20B Modera Wealth Management Launches AI Operating Platform

RIA comparison · SEC Form ADV

Mission Wealth Management, LP vs Citizens Private Wealth

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

The short answer

Mission Wealth Management, LP is the larger of the two, with $17B in regulatory assets to $17B at Citizens Private Wealth, 2% more than its rival, by their latest Form ADV filings. Mission Wealth Management, LP reports more individual clients (5,299 vs 2,465), while Citizens Private Wealth’s clients hold more on average (about $6.4 million each against $3.2 million). Mission Wealth Management, LP is based in Santa Barbara, California and Citizens Private Wealth in Tarrytown, New York.

FigureMission Wealth Management, LPCitizens Private Wealth
Regulatory AUM$17B$17B
National rank#56#57
HeadquartersSanta Barbara, CaliforniaTarrytown, New York
Individual clients5,2992,465
High-net-worth clients3,6332,465
Average client assets$3.2 million$6.4 million
Accounts18,90812,118
Discretionary70% of AUM86% of AUM
Employees220214
Advisory staff135214
Clients per advisory employee3912
Offices3026
Form ADV filed2026-09-282026-07-08

Mission Wealth Management, LP

Full profile →

Services

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

How it’s paid

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

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

Questions

Which is bigger, Mission Wealth Management, LP or Citizens Private Wealth?

Mission Wealth Management, LP, with $17B in regulatory assets under management against $17B at Citizens Private Wealth. Nationally they rank #56 and #57 among 5,657 independent wealth management RIAs.

How many clients do Mission Wealth Management, LP and Citizens Private Wealth have?

Mission Wealth Management, LP reports 5,299 individual clients (3,633 high-net-worth) with 135 advisory employees; Citizens Private Wealth reports 2,465 (2,465 high-net-worth) with 214 advisory employees.

How do Mission Wealth Management, LP and Citizens Private Wealth 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 Mission Wealth Management, LP and Citizens Private Wealth offer?

Mission Wealth Management, LP lists pension consulting; other services, which Citizens Private Wealth does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; 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: Mission Wealth Management, LP ↗, Citizens Private Wealth ↗. How to check a financial advisor →