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
RB An Amazon intern in 2020, Nevis CEO Mark Swan is the unlikely dream weaver for Focus Financial and other big RIA rollups with 'nightmare' integration issues -- with help from Schwab, Fidelity, OpenAI and AnthropicIN 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 RIAs

RIA comparison · SEC Form ADV

Modera Wealth Management, LLC vs Mission Wealth Management, LP

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

The short answer

Modera Wealth Management, LLC is the larger of the two, with $18B in regulatory assets to $17B at Mission Wealth Management, LP, 4% more than its rival, by their latest Form ADV filings. Modera Wealth Management, LLC reports more individual clients (5,918 vs 5,299), while Mission Wealth Management, LP’s clients hold more on average (about $3.2 million each against $2.7 million). Modera Wealth Management, LLC is based in Westwood, New Jersey and Mission Wealth Management, LP in Santa Barbara, California.

FigureModera Wealth Management, LLCMission Wealth Management, LP
Regulatory AUM$18B$17B
National rank#55#56
HeadquartersWestwood, New JerseySanta Barbara, California
Individual clients5,9185,299
High-net-worth clients3,4433,633
Average client assets$2.7 million$3.2 million
Accounts21,42018,908
Discretionary96% of AUM70% of AUM
Employees238220
Advisory staff106135
Clients per advisory employee5639
Offices3130
Form ADV filed2026-09-142026-09-28

Modera Wealth Management, LLC

Full profile →

Services

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

How it’s paid

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

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

Questions

Which is bigger, Modera Wealth Management, LLC or Mission Wealth Management, LP?

Modera Wealth Management, LLC, with $18B in regulatory assets under management against $17B at Mission Wealth Management, LP. Nationally they rank #55 and #56 among 5,657 independent wealth management RIAs.

How many clients do Modera Wealth Management, LLC and Mission Wealth Management, LP have?

Modera Wealth Management, LLC reports 5,918 individual clients (3,443 high-net-worth) with 106 advisory employees; Mission Wealth Management, LP reports 5,299 (3,633 high-net-worth) with 135 advisory employees.

How do Modera Wealth Management, LLC and Mission Wealth Management, LP 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 Modera Wealth Management, LLC and Mission Wealth Management, LP offer?

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