SEC-registered wealth management firm Broker-dealer affiliated
Independent Financial Group, LLC
As of its Form ADV filed September 29, 2026, Independent Financial Group, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in San Diego, California, reported $12.9 billion in regulatory assets under management across 54,951 accounts, ranking #19 among all wealth firms in California by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 7717
- SEC file number
- 801-62667
- Registered since
- January 30, 2004
- Latest Form ADV filing
- September 29, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 312
Key figures
- Regulatory assets under management
- $12.9 billion
- Discretionary
- $12.7 billion (98.4%)
- Non-discretionary
- $204.9 million
- Accounts
- 54,951 (54,510 discretionary)
- Clients
- 26,936, approximate as reported
- Employees
- 624
- Advisory staff
- 476 performing investment advisory functions
- Average account
- $235,217
- Asset growth, 1 year
- 14.2% (from $11.3 billion a year earlier)
- Asset growth, 3-year annual rate
- 29.3% (from $6.0 billion three years earlier)
- Asset growth, 5-year annual rate
- 16.9% (from $5.9 billion five years earlier)
- Client growth, 1 year
- -39.2% (from 44,315)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $1.0 billion |
| October 3, 2011 | $1.5 billion |
| October 1, 2012 | $1.7 billion |
| October 1, 2013 | $2.3 billion |
| October 1, 2014 | $1.1 billion |
| October 1, 2015 | $1.6 billion |
| October 3, 2016 | $1.9 billion |
| October 2, 2017 | $2.1 billion |
| October 1, 2018 | $2.8 billion |
| October 1, 2019 | $2.9 billion |
| October 1, 2020 | $3.7 billion |
| October 4, 2021 | $5.9 billion |
| October 3, 2022 | $6.6 billion |
| October 5, 2023 | $6.0 billion |
| October 1, 2024 | $6.8 billion |
| September 2, 2025 | $11.3 billion |
| October 2, 2026 | $12.9 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 23,458 clients | $7.1 billion | |
| High net worth individuals 2,438 clients | $5.2 billion | |
| Corporations or other businesses 307 clients | $321.0 million | |
| Pension and profit sharing plans 347 clients | $247.8 million | |
| Charitable organizations 85 clients | $71.0 million | |
| Banking or thrift institutions fewer than 5 clients | $0 | |
| State or municipal government entities fewer than 5 clients | $0 | |
| Other investment advisers fewer than 5 clients | $0 | |
| Insurance companies fewer than 5 clients | $0 | |
| Sovereign wealth funds and foreign official institutions fewer than 5 clients | $0 |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Commissions
- Performance-based fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
Financial planning clients (Item 5.H): 2000.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Insurance company or agency
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 480
- Also registered through a broker-dealer
- 477
- Employees who are IARs (Form ADV 5.B(3))
- 425
Designations held by the firm's IARs: CFP 101, ChFC 21, CFA 8, PFS 4.
Between 206 and 318 of the firm's 480 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 7 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in California
| Firm | City | RAUM |
|---|---|---|
| Concentric | Walnut Creek | $13.9 billion |
| Acorns | Irvine | $13.4 billion |
| Alphacore Capital LLC | La Jolla | $13.0 billion |
| Everett Harris & Co | Los Angeles | $11.5 billion |
| Perigon Wealth Management, LLC | San Francisco | $11.3 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Independent Financial Group, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.ifgsd.com
- Wealth management firms in California
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.