Wealth manager, independent · West Palm Beach, FL
Facet
Facet Wealth, Inc · SEC-registered investment adviser · CRD 285961 · SEC 801-108767
At a glance
Facet is an SEC-registered investment adviser based in West Palm Beach, Florida, with $7.6B in regulatory assets under management as of its Form ADV filed July 31, 2026. It reports 14,741 individual clients, 2,928 of them high-net-worth, holding an average of about $0.5 million each, and 238 employees. That ranks it 140th among the nation’s 5,657 independent wealth management RIAs and 5th of 343 in Florida. It reports 2 custodians for its clients’ separately managed accounts: Apex Fintech and Fidelity.
Up $1.6B from $6.0B in its previous filing; rank 174 → 140. This month’s movers →
Main office 443-376-6222facet.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.6B
- Rank among independent wealth managers
- #140 of 5,657
- Rank among all SEC RIAs
- #1,613 of 17,210
- Rank in Florida
- #5 of 343
- Individual clients
- 14,741
- High-net-worth clients
- 2,928
- Accounts
- 43,934
- Discretionary
- 100% of AUM
- Employees
- 238
- Advisory staff
- 77
- Offices
- 26
Owners and executives on its Form ADV
- Patrick R. McKennaExecutive Chairman and Director
- Brent M. WeissCo-Founder
- Anderson E. JonesChief Executive Officer and Director
- Christopher J. HufmanChief Admin Officer/chief Compliance Officer
- Jeffrey S. SteinDirector
- Todd M. SchellDirector
- Charles M. RoameDirector
- Shruti S. JoshiChief Operating Officer, Director
- Darshan B. PatelChief Financial Officer
- Thomas D. GraffChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Facet reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,928 | $5.2B | 69% |
| Individuals | 11,813 | $2.4B | 31% |
Disciplinary disclosures
Facet reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
How it’s paid
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗facet.com ↗
AtlasMembers
The full record on Facet
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 9 years of filings
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- Growth over one, three and five years
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- Rank against 540 peers of its type and size
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- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 8Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Florida
All of Florida →| Firm | Regulatory AUM | Clients |
|---|---|---|
| WE Family OfficesCoral Gables | $18B | 112 |
| Independent Financial PartnersTampa | $16B | 52,539 |
| CV Advisors LLCAventura | $15B | 145 |
| Dakota Wealth, LLCPalm Beach Gardens | $6.9B | 3,728 |
| Kovack Advisors, Inc.Ft. Lauderdale | $6.3B | 12,906 |
| Yale Capital Corp.St. Petersburg | $5.6B | 118 |
Background
Questions
How much does Facet manage?
Facet reports $7.6B in regulatory assets under management across 43,934 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 31, 2026.
How many clients does Facet have?
It reports 14,741 individual clients: 2,928 high-net-worth individuals and 11,813 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Facet headquartered?
Its main office is in West Palm Beach, Florida. It reports 26 offices in total and 238 employees, 77 of whom perform investment advisory functions.
How does Facet charge clients?
On Form ADV it lists these forms of compensation: fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Facet use?
It reports 2 custodians for its clients’ separately managed accounts: Apex Fintech and Fidelity. On Schedule D of its Form ADV filed July 31, 2026, it reports these amounts held: Apex Fintech ($5.6B); Fidelity ($1.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Facet a hybrid RIA with a broker-dealer?
Facet reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Facet a fiduciary?
As an SEC-registered investment adviser, Facet owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Facet’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →