Mission Wealth Management, Lp
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Overview
Mission Wealth Management, Lp is located at 1111 Chapala Street, Santa Barbara, CA. The firm employs 72 financial advisors to manage client portfolios and provide financial guidance. Mission Wealth Management, Lp is not a registered broker-dealer.
Mission Wealth Management, Lp oversees $7.1 billion in assets under management across 9,939 accounts, of which 8,481 are discretionary and 1,458 are non-discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, and other services. The firm caters to retail investors, high net worth investors, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Mission Wealth Management, Lp includes asset-based, hourly, and fixed fees. The firm has 2,111 high net worth clients.
Mission Wealth Management, Lp is registered in the states of Alaska, Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Mission Wealth Management, Lp by the Numbers
$7.1 billion
109
9,939
$711.6 thousand
Products and Services
Mission Wealth Management, Lp provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, and other services. In the past financial year, Mission Wealth Management, Lp provided financial planning services to 45301 of its clients. The Company is involved in selling products or offering services aside from investment advice to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors usually are based on which services the firm provides the client. Fees charged by Mission Wealth Management, Lp likely include any blend of the following fee structures: asset-based, hourly, or fixed.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm provides services to retail investors, high net worth investors, charitable organizations, and corporations. Out of its 4 clients, Mission Wealth Management, Lp's biggest client type by number of accounts is high net worth investors, though it also serves 2111 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 71.73%
- Other Individuals - 27.05%
- Corporations - 0.37%
- Charitable Organizations - 0.85%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Mission Wealth Management, Lp does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Mission Wealth Management, Lp
Santa Barbara, CA
San Diego, CA
Walpole, MA
Santa Barbara, CA
Los Angeles, CA
Miami, FL
Santa Barbara, CA
Fort Collins, CO
Austin, TX
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