State market data

Independent RIAs in Mississippi

As of October 2, 2026, 58 independent wealth management RIAs based in Mississippi reported $14.9 billion in regulatory assets under management; the largest by assets was Hardy Reed, LLC, with $2.9 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs: 58
SEC-registered: 32
State-registered: 26
Regulatory assets under management: $14.9 billion
Client accounts: 35,376
Median firm size: $125.5 million
Broker-dealer affiliated firms, not included: 2, with $345.1 million

Mississippi requires IAR continuing education, in effect since 2022. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Mississippi.

Top firms in Mississippi

Largest independent RIAs by assets under management

Largest independent RIAs by assets under management in Mississippi, top 10
Rank	Firm	City	RAUM
1	Hardy Reed, LLC	Tupelo	$2.9 billion
2	Mag Cap	Ridgeland	$1.7 billion
3	Barnes Pettey Financial Advisors, LLC	Clarksdale	$1.3 billion
4	Financial Concepts	Columbus	$1.1 billion
5	Element Wealth, LLC	Ridgeland	$743.7 million
6	Argent Wealth, LLC	Ridgeland	$487.3 million
7	Legacy Wealth Management, LLC	Ridgeland	$458.6 million
8	Mascagni Wealth Management, Inc.	Clinton	$424.5 million
9	Resolute Wealth Strategies, LLC	Jackson	$387.6 million
10	Langley Wealth Management, LLC	Corinth	$370.6 million

Top 100 in Mississippi

Fastest-growing independent RIAs over one year

Fastest-growing independent RIAs over one year in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Simplified Wealth Management	Hattiesburg	25.7%	$179.5 million
2	Langley Wealth Management, LLC	Corinth	24.7%	$297.1 million
3	Hardy Reed, LLC	Tupelo	22.6%	$2.4 billion
4	Resolute Wealth Strategies, LLC	Jackson	22.6%	$316.1 million
5	Financial Concepts	Columbus	22.3%	$890.0 million
6	Gainspoletti Wealth Planners	Cleveland	21.0%	$105.0 million
7	Abridge Partners, LLC	Jackson	20.6%	$102.8 million
8	Phillips Wealth Planners LLC	Starkville	18.9%	$286.6 million
9	Inman Jager Wealth Management, LLC	Hattiesburg	18.9%	$189.3 million
10	Sound Financial Strategies Group, LLC	Madison	18.5%	$183.7 million

Top 100 in Mississippi

Fastest-growing independent RIAs over three years

Fastest-growing independent RIAs over three years in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Hardy Reed, LLC	Tupelo	25.9%	$1.4 billion
2	Mag Cap	Ridgeland	24.1%	$884.2 million
3	Simplified Wealth Management	Hattiesburg	23.1%	$121.0 million
4	Langley Wealth Management, LLC	Corinth	22.0%	$203.9 million
5	McAllister Capital Management	Jackson	21.7%	$170.0 million
6	Resolute Wealth Strategies, LLC	Jackson	19.4%	$228.0 million
7	Addicus Advisory, LLC	Tupelo	19.0%	$131.6 million
8	Financial Concepts	Columbus	19.0%	$646.5 million
9	Legacy Wealth Management, LLC	Ridgeland	18.9%	$273.1 million
10	Mascagni Wealth Management, Inc.	Clinton	18.4%	$255.7 million

Top 100 in Mississippi

Fastest-growing independent RIAs over five years

Fastest-growing independent RIAs over five years in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Argent Wealth, LLC	Ridgeland	29.4%	$134.3 million
2	Element Wealth, LLC	Ridgeland	18.5%	$318.7 million
3	Hardy Reed, LLC	Tupelo	15.2%	$1.4 billion
4	McAllister Capital Management	Jackson	14.9%	$152.8 million
5	Addicus Advisory, LLC	Tupelo	13.4%	$118.5 million
6	Langley Wealth Management, LLC	Corinth	12.2%	$208.6 million
7	Legacy Wealth Management, LLC	Ridgeland	12.1%	$259.2 million
8	New Perspectives, Inc.	Ridgeland	12.0%	$175.0 million
9	Mascagni Wealth Management, Inc.	Clinton	10.8%	$254.0 million
10	Mag Cap	Ridgeland	10.2%	$1.0 billion

Top 100 in Mississippi

Independent RIAs with the biggest asset gains over one year

Independent RIAs with the biggest asset gains over one year in Mississippi, top 10
Rank	Firm	City	Increase
1	Hardy Reed, LLC	Tupelo	$533.3 million
2	Mag Cap	Ridgeland	$208.8 million
3	Financial Concepts	Columbus	$198.2 million
4	Barnes Pettey Financial Advisors, LLC	Clarksdale	$187.4 million
5	Element Wealth, LLC	Ridgeland	$101.7 million
6	Langley Wealth Management, LLC	Corinth	$73.5 million
7	Resolute Wealth Strategies, LLC	Jackson	$71.5 million
8	Mascagni Wealth Management, Inc.	Clinton	$59.0 million
9	Phillips Wealth Planners LLC	Starkville	$54.2 million
10	Argent Wealth, LLC	Ridgeland	$48.0 million

Top 100 in Mississippi

Independent RIAs with the most clients

Independent RIAs with the most clients in Mississippi, top 10
Rank	Firm	City	Most clients
1	Barnes Pettey Financial Advisors, LLC	Clarksdale	3,398
2	Financial Concepts	Columbus	2,537
3	Mag Cap	Ridgeland	1,566
4	Langley Wealth Management, LLC	Corinth	1,229
5	Element Wealth, LLC	Ridgeland	743
6	Mascagni Wealth Management, Inc.	Clinton	736
7	Simplified Wealth Management	Hattiesburg	712
8	Sound Financial Strategies Group, LLC	Madison	593
9	Argent Wealth, LLC	Ridgeland	470
10	New Perspectives, Inc.	Ridgeland	423

Top 100 in Mississippi

Independent RIAs with the fastest client growth over one year

Independent RIAs with the fastest client growth over one year in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Langley Wealth Management, LLC	Corinth	56.0%	788
2	Phillips Wealth Planners LLC	Starkville	42.7%	225
3	Barnes Pettey Financial Advisors, LLC	Clarksdale	40.9%	2,412
4	Gainspoletti Wealth Planners	Cleveland	36.6%	183
5	Addicus Advisory, LLC	Tupelo	17.5%	212
6	Inman Jager Wealth Management, LLC	Hattiesburg	13.4%	217
7	Element Wealth, LLC	Ridgeland	9.4%	679
8	McAllister Capital Management	Jackson	8.8%	193
9	Argent Wealth, LLC	Ridgeland	8.5%	433
10	Hardy Reed, LLC	Tupelo	8.0%	376

Top 100 in Mississippi

Independent RIAs with the most accounts

Independent RIAs with the most accounts in Mississippi, top 10
Rank	Firm	City	Most accounts
1	Financial Concepts	Columbus	5,235
2	Mag Cap	Ridgeland	4,324
3	Barnes Pettey Financial Advisors, LLC	Clarksdale	3,303
4	Phillips Wealth Planners LLC	Starkville	2,986
5	Mascagni Wealth Management, Inc.	Clinton	1,948
6	Langley Wealth Management, LLC	Corinth	1,827
7	Element Wealth, LLC	Ridgeland	1,759
8	Simplified Wealth Management	Hattiesburg	1,642
9	New Perspectives, Inc.	Ridgeland	1,145
10	Hardy Reed, LLC	Tupelo	997

Top 100 in Mississippi

Independent RIAs with the most advisory staff

Independent RIAs with the most advisory staff in Mississippi, top 10
Rank	Firm	City	Most advisory staff
1	Addicus Advisory, LLC	Tupelo	21
2	Mag Cap	Ridgeland	13
3	Hardy Reed, LLC	Tupelo	12
4	Element Wealth, LLC	Ridgeland	9
5	Barnes Pettey Financial Advisors, LLC	Clarksdale	8
6	Simplified Wealth Management	Hattiesburg	7
7	Argent Wealth, LLC	Ridgeland	6
8	Resolute Wealth Strategies, LLC	Jackson	5
9	New Perspectives, Inc.	Ridgeland	4
9	Mascagni Wealth Management, Inc.	Clinton	4

Top 100 in Mississippi

Independent RIAs with the most high net worth clients

Independent RIAs with the most high net worth clients in Mississippi, top 10
Rank	Firm	City	Most high net worth clients
1	Barnes Pettey Financial Advisors, LLC	Clarksdale	945
2	Financial Concepts	Columbus	310
3	Mag Cap	Ridgeland	236
4	Hardy Reed, LLC	Tupelo	203
5	Argent Wealth, LLC	Ridgeland	139
6	Resolute Wealth Strategies, LLC	Jackson	135
7	Element Wealth, LLC	Ridgeland	122
8	Abridge Partners, LLC	Jackson	116
9	Phillips Wealth Planners LLC	Starkville	114
10	Mascagni Wealth Management, Inc.	Clinton	113

Top 100 in Mississippi

Independent RIAs with the most CFP professionals

Independent RIAs with the most CFP professionals in Mississippi, top 10
Rank	Firm	City	Most CFP professionals
1	Barnes Pettey Financial Advisors, LLC	Clarksdale	3
2	Element Wealth, LLC	Ridgeland	2
2	Mascagni Wealth Management, Inc.	Clinton	2
2	Hardy Reed, LLC	Tupelo	2
2	Renaissance Advisors	Ridgeland	2
2	Sound Financial Strategies Group, LLC	Madison	2
2	Mag Cap	Ridgeland	2
2	Inspired Financial Planners	Gulfport	2
2	Easley Investment Consultants, Inc.	Ridgeland	2
2	Langley Wealth Management, LLC	Corinth	2

Top 100 in Mississippi

Newest independent RIAs

Newest independent RIAs in Mississippi, top 10
Rank	Firm	City	Amount
1	Fruge' Capital Advisors, LLC (Formerly Oxford Investment Adv)	Oxford	$141.2 million
2	Lee-Way Financial Services, Inc	Hattiesburg	$132.1 million
3	Haire Wealth Management, Inc.	Tupelo	$102.0 million
4	Newsong Capital Management, Inc.	Hattiesburg	$100.4 million
5	Dental Wealth Partners LLC	Jackson	$26.8 million
6	Caldric Capital	Seminary	$793,237
7	Pers Pro	Vancleave	$0
7	Voyage Wealth Management, LLC	D'Iberville	$0
7	Prism Wealth Partners, LLC	Waveland	$0
7	Trueline Wealth Group, LLC	Hattiesburg	$0

Top 100 in Mississippi

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Mississippi, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	17
October 1, 2019	20
October 1, 2020	20
October 4, 2021	22
October 3, 2022	27
October 5, 2023	25
October 1, 2024	23
September 2, 2025	24
October 2, 2026	32

Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$5.0 billion
October 1, 2019	$5.7 billion
October 1, 2020	$6.6 billion
October 4, 2021	$7.9 billion
October 3, 2022	$11.0 billion
October 5, 2023	$9.9 billion
October 1, 2024	$9.7 billion
September 2, 2025	$11.5 billion
October 2, 2026	$14.2 billion

Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	9,528
October 1, 2019	15,868
October 1, 2020	18,310
October 4, 2021	20,637
October 3, 2022	26,420
October 5, 2023	28,663
October 1, 2024	26,000
September 2, 2025	28,454
October 2, 2026	33,700

Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$179.5 million
October 1, 2019	$190.2 million
October 1, 2020	$214.4 million
October 4, 2021	$253.9 million
October 3, 2022	$268.7 million
October 5, 2023	$251.0 million
October 1, 2024	$262.0 million
September 2, 2025	$287.7 million
October 2, 2026	$300.2 million

The market in Mississippi now

Headline figures

Headline figures, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms	58	32	26
Regulatory assets under management	$14.9 billion	$14.2 billion	$739.1 million
Accounts	35,376	33,700	1,676
Clients	17,672	16,970	702
Employees	280	244	36
Advisory employees	177	146	31
Investment adviser representatives	171	140	31
Median RAUM	$125.5 million	$300.2 million	$19.6 million
Average RAUM	$276.2 million	$457.2 million	$32.1 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms under $100 million	23	1	22
RAUM of firms under $100 million	$728.0 million	$91.9 million	$636.1 million
Firms $100 million to $250 million	15	14	1
RAUM of firms $100 million to $250 million	$2.4 billion	$2.3 billion	$103.0 million
Firms $250 million to $500 million	11	11	0
RAUM of firms $250 million to $500 million	$4.1 billion	$4.1 billion	$0
Firms $500 million to $1 billion	1	1	0
RAUM of firms $500 million to $1 billion	$743.7 million	$743.7 million	$0
Firms $1 billion to $5 billion	4	4	0
RAUM of firms $1 billion to $5 billion	$7.0 billion	$7.0 billion	$0
Firms $5 billion to $10 billion	0	0	0
RAUM of firms $5 billion to $10 billion	$0	$0	$0
Firms $10 billion and up	0	0	0
RAUM of firms $10 billion and up	$0	$0	$0

Concentration

How much of the market the largest advisers hold.

Concentration, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Top 10 share of RAUM	66.1%	69.5%	88.6%

How advisers are paid

Share of advisers reporting each form of compensation on Form ADV Item 5.E. A firm can report several.

How advisers are paid: independent RIAsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		96.6%
Charge hourly fees		43.1%
Charge subscription fees		1.7%
Charge fixed fees		60.3%
Receive commissions		5.2%
Charge performance-based fees		3.4%
Other compensation		5.2%

How advisers are paid, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Charge a percentage of assets	96.6%	100.0%	92.3%
Charge hourly fees	43.1%	46.9%	38.5%
Charge subscription fees	1.7%	3.1%	0.0%
Charge fixed fees	60.3%	68.8%	50.0%
Receive commissions	5.2%	9.4%	0.0%
Charge performance-based fees	3.4%	3.1%	3.8%
Other compensation	5.2%	6.3%	3.8%

Custody

Advisers reporting custody of client cash or securities on Form ADV Item 9.

Custody, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Have custody	50.0%	43.8%	57.7%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Broker-dealer affiliated	0.0%	0.0%	0.0%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

New firms and successions, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
New registrations	10	5	5
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms reporting RAUM	54	31	23
Discretionary RAUM	$13.5 billion	$13.0 billion	$560.1 million
CFP professionals	42	30	12
25th percentile RAUM	$24.1 million	$144.3 million	$2.2 million
75th percentile RAUM	$308.1 million	$406.0 million	$68.4 million
90th percentile RAUM	$478.7 million	$1.1 billion	$85.6 million
Average account size	$421,560	$420,594	$440,988
Offer financial planning	81.0%	84.4%	76.9%
RAUM growth, one year	No data	23.5%	No data

As of October 2, 2026. Definitions of every measure are on the methodology page.

Cities

Ridgeland 11 independent RIAs, $4.5 billion
Jackson 9 independent RIAs, $1.5 billion
Madison 6 independent RIAs, $697.8 million
Hattiesburg 5 independent RIAs, $683.0 million

Cities with at least five independent RIAs.

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.