Headquartered in Irvine, California, Index Fund Advisors, Inc. (IFA) is a fee-based advisory firm offering a range of wealth management services to individual and institutional clients. The financial advisor currently has nearly $3.6 billion in assets under management (AUM), with 13 advisors serving more than 6,500 clients.
Index Fund Advisors, Inc. Background
Founded by owner and president Mark T. Hebner, IFA has been providing investment advisory services since 1999. The firm is a registered investment advisor (RIA) with the United States Securities and Exchange Commission (SEC), and it says it specializes in providing risk-appropriate, returns-optimized, globally diversified and tax-managed investment strategies.
Index Fund Advisors, Inc. Client Types and Minimum Account Sizes
IFA serves individuals and high-net-worth individuals, endowments, foundations, pension and profit sharing plans, trusts, estates, charitable organizations, corporations and other business entities.
The firm generally requires clients to have at least $100,000 when opening an account.
Services Offered by Index Fund Advisors, Inc.
IFA specializes in the following advisory services:
- Portfolio management
- Financial planning
- Pension consulting
- Publication of periodicals or newsletters
- Educational seminars and workshops
Index Fund Advisors, Inc. Investment Philosophy
IFA’s website says its advisors utilize a quantitative approach that emphasizes broad diversification and consistent exposure to the structural trends of global, publicly-traded markets. The RIA also uses index portfolios that work to address each client’s specific level of risk.
The firm invests in a wide range of securities, including index funds, equity securities, U.S. government securities, corporate debt securities, municipal debt securities, mutual funds and exchange-traded funds (ETFs).
Fees Under Index Fund Advisors, Inc.
For its investment advisory services, IFA charges fees which are billed quarterly and payable in advance. Additional fees include transaction and/or brokerage fees and other custodial charges. Below, we’ve listed the firm’s fee schedule for investment advisory services.
|Amount of assets||Quarterly billing of annual fee||Annual fee|
Index Fund Advisors, Inc. Awards and Recognition
Over the past four years, CNBC, Forbes, Financial Times, Financial Planning, Barron’s, Financial Advisor Magazine and WealthManagement.com have all recognized IFA as one of the top firm’s on their respective top advisor and RIA ranking lists.
What to Watch Out For
You won’t have much to be concerned about when working with IFA. The firm isn’t devoid of conflicts of interest, but it offers advisory services on a fee-only basis and works to honor its fiduciary duty.
IFA’s Form ADV doesn’t list any disclosures.
Tips for Finding a Financial Advisor
- Before choosing an advisor, it's important to ask certain questions to ensure the best quality of service. It's useful to ask whether your advisor honors a fiduciary standard. This ensures that your advisor works in your best interest. You'll also want to ask whether you're advisor has a fee-based or fee-only fee structure. In doing so, you can learn how your advisor is compensated and also anticipate any potential conflicts of interest.
- If you'd like help narrowing down your search, SmartAsset's free financial advisor matching service pairs you with up to three local advisors suitable to your needs.
All information was accurate as of the writing of this article.