Index Fund Advisors, Inc. (Irvine)

Name: Index Fund Advisors, Inc.
Address: 19200 Von Karman Ave, Irvine, CA, 92612 6566
Telephone: 949-502-0050

Index Fund Advisors, Inc. is a large advisory firm based in Irvine. It manages $3.57 billion of regulatory assets for 6,535 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

Index Fund Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 727 clients. On top of advisory services, the firm doesn't engage in other business activities.

Index Fund Advisors: assets under management

The assets under management (AUM) of Index Fund Advisors, Inc. is $3.57 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 106% since the beginning of its operation, and $127.59 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.57 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $546.65 thousand each.

Index Fund Advisors has custody of $2.47 billion in cash and securities for 1,271 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Index Fund Advisors, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Thomas Hebner serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mark Thomas Hebner is high net worth individuals with 726 clients and $2.72 billion of assets under management. Among the 11 most similar advisory firms, Index Fund Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.57 billion for 2,484 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Index Fund Advisors doesn't advise any private funds.

Careers at Index Fund Advisors, Inc.

The company employs 45 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 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.

Mark Thomas Hebner has been acting as President since 1 Mar 1999. Michelle Louise Ojeda joined the executive team most recently as the Co Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Thomas Hebner	President	1 Mar 1999	75% - 100%	4371910
Cynthia Lynn Mason	Chief financial officer	1 Dec 2008	Other	4803557
Cynthia Lynn Mason	Chief financial officer and chief compliance officer	1 Oct 2009	Other	4803557
Michelle Louise Ojeda	Chief compliance officer	1 Jan 2015	Other	4723750
Michelle Louise Ojeda	Co-chief compliance officer	1 Jul 2019	Other	4723750
Sean Robert Dignan	Co-chf compliance officer, mkting and advertising	1 Jul 2019	Other	1689686

Based in Irvine

The principal office where Index Fund Advisors, Inc. performs its advisory services is located at 19200 Von Karman Ave, Irvine, CA 92612 6566, which is also the mailing address of the firm. An additional office of the firm is in Saint Lucie West, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-502-0050 or by fax 949-502-0048. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ifa.com.