Mission Wealth Management, LP is a large advisory firm based in Santa Barbara. It manages $1.88 billion of regulatory assets for 3,163 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.
Mission Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and family wealth management. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mission Wealth Management, LP is $1.88 billion. The firm's AUM has grown by 11% since the beginning of its operation, and $994 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mission Wealth Management, LP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Mission Wealth Management is high net worth individuals with 515 clients and $1.65 billion of assets under management. Among the 7 most similar advisory firms, Mission Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.88 billion for 977 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Mission Wealth Management doesn't advise any private funds.
The company employs 34 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Kieran David Osborne has served as the Chief Investment Officer since 1 Jan 2018. Matthew William Adams joined the executive team most recently as the President / Partner.
The principal office where Mission Wealth Management, LP performs its advisory services is located at 1111 Chapala Street, Santa Barbara, CA 93101, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 805-882-2360 or by fax 805-882-2362. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at missionwealth.com and its LinkedIn profile.