Wealth manager, independent · West Palm Beach, FL
Ibex Wealth Advisors, LLC
SEC-registered investment adviser · CRD 168674 · SEC 801-78971
At a glance
Ibex Wealth Advisors, LLC is an SEC-registered investment adviser based in West Palm Beach, Florida, with $1.3B in regulatory assets under management as of its Form ADV filed September 14, 2026. It reports 869 individual clients, 400 of them high-net-worth, holding an average of about $1.4 million each, and 10 employees. That ranks it 859th among the nation’s 5,657 independent wealth management RIAs and 47th of 343 in Florida. It reports LPL Financial as the custodian for its clients’ separately managed accounts.
Main office 908-849-4800ibexwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #859 of 5,657
- Rank among all SEC RIAs
- #4,672 of 17,210
- Rank in Florida
- #47 of 343
- Individual clients
- 869
- High-net-worth clients
- 400
- Accounts
- 892
- Discretionary
- 100% of AUM
- Employees
- 10
- Advisory staff
- 5
- Offices
- 3
Owners and executives on its Form ADV
- Glenn E. StephensonManaging Member
- James J. VaraklisMember/chief Compliance Officer
- Philip F. RongoMember
Custody and brokerage
Broker-dealer
Hybrid RIA
Ibex Wealth Advisors, LLC is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names LPL Financial as the broker-dealer its advisers are registered with.
rofessionals for implementation purposes, including certain of the Registrant’s representatives in their individual capacities as registered representatives of LPL Financial (“ LPL”) and/or in their capacities as licensed insurance agents.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 400 | $1.1B | 87% |
| Individuals | 469 | $135M | 10% |
| Corporations or other businesses | 21 | $37M | 3% |
| Pension and profit sharing plans | 2 | $1M | <1% |
Disciplinary disclosures
Ibex Wealth Advisors, LLC 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
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗ibexwealth.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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Similar-size RIAs in Florida
All of Florida →| Firm | Regulatory AUM | Clients |
|---|---|---|
| J. L. Bainbridge & Co., Inc.Sarasota | $1.4B | 828 |
| Fifth Avenue Family OfficeNaples | $1.4B | 9 |
| Moisand Fitzgerald Tamayo, LLCOrlando | $1.4B | 906 |
| American Financial Advisors IncWinter Park | $1.3B | 799 |
| Professional Advisory Services IncVero Beach | $1.3B | 596 |
| Ullmann Wealth PartnersJacksonville Beach | $1.3B | 529 |
Background
Questions
How much does Ibex Wealth Advisors, LLC manage?
Ibex Wealth Advisors, LLC reports $1.3B in regulatory assets under management across 892 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 14, 2026.
How many clients does Ibex Wealth Advisors, LLC have?
It reports 869 individual clients: 400 high-net-worth individuals and 469 other individuals. Individuals account for about 97% of its regulatory assets.
Where is Ibex Wealth Advisors, LLC headquartered?
Its main office is in West Palm Beach, Florida. It reports 3 offices in total and 10 employees, 5 of whom perform investment advisory functions.
How does Ibex Wealth Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; 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 Ibex Wealth Advisors, LLC use?
It reports LPL Financial as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 14, 2026, it reports these amounts held: LPL Financial ($963M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Ibex Wealth Advisors, LLC a hybrid RIA with a broker-dealer?
Ibex Wealth Advisors, LLC is a hybrid RIA: 4 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Ibex Wealth Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Ibex Wealth Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 4 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Ibex Wealth Advisors, LLC’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 (2026-09-14), 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 →