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RIA comparison · SEC Form ADV

Mission Wealth Management, LP 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

Mission Wealth Management, LP is the larger of the two, with $17B in regulatory assets to $16B at Independent Financial Partners, 4% more than its rival, by their latest Form ADV filings. Independent Financial Partners reports more individual clients (52,539 vs 5,299), while Mission Wealth Management, LP’s clients hold more on average (about $3.2 million each against $230,000). Mission Wealth Management, LP is based in Santa Barbara, California and Independent Financial Partners in Tampa, Florida.

FigureMission Wealth Management, LPIndependent Financial Partners
Regulatory AUM$17B$16B
National rank#56#58
HeadquartersSanta Barbara, CaliforniaTampa, Florida
Individual clients5,29952,539
High-net-worth clients3,63318,190
Average client assets$3.2 million$230,000
Accounts18,90854,154
Discretionary70% of AUM71% of AUM
Employees220328
Advisory staff135302
Clients per advisory employee39174
Offices30172
Form ADV filed2026-09-282026-09-30

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

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, Mission Wealth Management, LP or Independent Financial Partners?

Mission Wealth Management, LP, with $17B in regulatory assets under management against $16B at Independent Financial Partners. Nationally they rank #56 and #58 among 5,657 independent wealth management RIAs.

How many clients do Mission Wealth Management, LP and Independent Financial Partners have?

Mission Wealth Management, LP reports 5,299 individual clients (3,633 high-net-worth) with 135 advisory employees; Independent Financial Partners reports 52,539 (18,190 high-net-worth) with 302 advisory employees.

How do Mission Wealth Management, LP 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 Mission Wealth Management, LP and Independent Financial Partners offer?

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

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 ↗, Independent Financial Partners ↗. How to check a financial advisor →