State market data

Wealth management firms in Mississippi

As of October 2, 2026, 60 wealth management firms, including broker-dealer firms, based in Mississippi reported $15.3 billion in regulatory assets under management; the largest by assets was Hardy Reed, LLC, with $2.9 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 60
SEC-registered: 33
State-registered: 27
Regulatory assets under management: $15.3 billion
Client accounts: 36,392
Median firm size: $125.5 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms 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 wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	41.7%	$186.1 million
2	Simplified Wealth Management	Hattiesburg	25.7%	$179.5 million
3	Langley Wealth Management, LLC	Corinth	24.7%	$297.1 million
4	Hardy Reed, LLC	Tupelo	22.6%	$2.4 billion
5	Resolute Wealth Strategies, LLC	Jackson	22.6%	$316.1 million
6	Financial Concepts	Columbus	22.3%	$890.0 million
7	Gainspoletti Wealth Planners	Cleveland	21.0%	$105.0 million
8	Abridge Partners, LLC	Jackson	20.6%	$102.8 million
9	Phillips Wealth Planners LLC	Starkville	18.9%	$286.6 million
10	Inman Jager Wealth Management, LLC	Hattiesburg	18.9%	$189.3 million

Top 100 in Mississippi

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	32.4%	$113.7 million
2	Hardy Reed, LLC	Tupelo	25.9%	$1.4 billion
3	Mag Cap	Ridgeland	24.1%	$884.2 million
4	Simplified Wealth Management	Hattiesburg	23.1%	$121.0 million
5	Langley Wealth Management, LLC	Corinth	22.0%	$203.9 million
6	McAllister Capital Management	Jackson	21.7%	$170.0 million
7	Resolute Wealth Strategies, LLC	Jackson	19.4%	$228.0 million
8	Addicus Advisory, LLC	Tupelo	19.0%	$131.6 million
9	Financial Concepts	Columbus	19.0%	$646.5 million
10	Legacy Wealth Management, LLC	Ridgeland	18.9%	$273.1 million

Top 100 in Mississippi

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in Mississippi, top 10
Rank	Firm	City	Growth	Starting value
1	Argent Wealth, LLC	Ridgeland	29.4%	$134.3 million
2	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	21.2%	$100.7 million
3	Element Wealth, LLC	Ridgeland	18.5%	$318.7 million
4	Hardy Reed, LLC	Tupelo	15.2%	$1.4 billion
5	McAllister Capital Management	Jackson	14.9%	$152.8 million
6	Addicus Advisory, LLC	Tupelo	13.4%	$118.5 million
7	Langley Wealth Management, LLC	Corinth	12.2%	$208.6 million
8	Legacy Wealth Management, LLC	Ridgeland	12.1%	$259.2 million
9	New Perspectives, Inc.	Ridgeland	12.0%	$175.0 million
10	Mascagni Wealth Management, Inc.	Clinton	10.8%	$254.0 million

Top 100 in Mississippi

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms 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	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	$77.7 million
7	Langley Wealth Management, LLC	Corinth	$73.5 million
8	Resolute Wealth Strategies, LLC	Jackson	$71.5 million
9	Mascagni Wealth Management, Inc.	Clinton	$59.0 million
10	Phillips Wealth Planners LLC	Starkville	$54.2 million

Top 100 in Mississippi

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms 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	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	645
9	Sound Financial Strategies Group, LLC	Madison	593
10	Argent Wealth, LLC	Ridgeland	470

Top 100 in Mississippi

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms 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	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	29.0%	500
6	Addicus Advisory, LLC	Tupelo	17.5%	212
7	Inman Jager Wealth Management, LLC	Hattiesburg	13.4%	217
8	Element Wealth, LLC	Ridgeland	9.4%	679
9	McAllister Capital Management	Jackson	8.8%	193
10	Argent Wealth, LLC	Ridgeland	8.5%	433

Top 100 in Mississippi

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms 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

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in Mississippi, top 10
Rank	Firm	City	Most advisory staff
1	Addicus Advisory, LLC	Tupelo	21
2	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	14
3	Mag Cap	Ridgeland	13
4	Hardy Reed, LLC	Tupelo	12
5	Element Wealth, LLC	Ridgeland	9
6	Barnes Pettey Financial Advisors, LLC	Clarksdale	8
7	Simplified Wealth Management	Hattiesburg	7
8	Argent Wealth, LLC	Ridgeland	6
9	Resolute Wealth Strategies, LLC	Jackson	5
10	New Perspectives, Inc.	Ridgeland	4

Top 100 in Mississippi

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms 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

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms 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	Bankplus Wealth Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	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

Top 100 in Mississippi

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms 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 wealth firms based in Mississippi, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	21
October 1, 2019	22
October 1, 2020	22
October 4, 2021	23
October 3, 2022	28
October 5, 2023	27
October 1, 2024	25
September 2, 2025	26
October 2, 2026	33

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$6.1 billion
October 1, 2019	$6.5 billion
October 1, 2020	$7.5 billion
October 4, 2021	$8.2 billion
October 3, 2022	$11.4 billion
October 5, 2023	$10.1 billion
October 1, 2024	$10.7 billion
September 2, 2025	$11.9 billion
October 2, 2026	$14.4 billion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	14,508
October 1, 2019	17,545
October 1, 2020	20,034
October 4, 2021	21,309
October 3, 2022	27,205
October 5, 2023	29,597
October 1, 2024	28,370
September 2, 2025	29,580
October 2, 2026	34,644

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$182.6 million
October 1, 2019	$190.2 million
October 1, 2020	$214.4 million
October 4, 2021	$254.0 million
October 3, 2022	$276.1 million
October 5, 2023	$240.0 million
October 1, 2024	$262.0 million
September 2, 2025	$286.7 million
October 2, 2026	$282.0 million

The market in Mississippi now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	60	33	27
Regulatory assets under management	$15.3 billion	$14.4 billion	$820.5 million
Accounts	36,392	34,644	1,748
Clients	18,374	17,615	759
Employees	303	263	40
Advisory employees	194	160	34
Investment adviser representatives	190	156	34
Median RAUM	$125.5 million	$282.0 million	$20.2 million
Average RAUM	$272.5 million	$451.2 million	$34.2 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	24	1	23
RAUM of firms under $100 million	$809.4 million	$91.9 million	$717.5 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	12	12	0
RAUM of firms $250 million to $500 million	$4.3 billion	$4.3 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	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	64.6%	68.2%	86.9%

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: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		96.7%
Charge hourly fees		41.7%
Charge subscription fees		1.7%
Charge fixed fees		58.3%
Receive commissions		5.0%
Charge performance-based fees		3.3%
Other compensation		5.0%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	96.7%	100.0%	92.6%
Charge hourly fees	41.7%	45.5%	37.0%
Charge subscription fees	1.7%	3.0%	0.0%
Charge fixed fees	58.3%	66.7%	48.1%
Receive commissions	5.0%	9.1%	0.0%
Charge performance-based fees	3.3%	3.0%	3.7%
Other compensation	5.0%	6.1%	3.7%

Custody

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

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	51.7%	45.5%	59.3%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	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	All wealth firms	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	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	56	32	24
Discretionary RAUM	$13.9 billion	$13.2 billion	$641.5 million
CFP professionals	45	32	13
25th percentile RAUM	$25.9 million	$145.9 million	$2.3 million
75th percentile RAUM	$306.8 million	$396.8 million	$74.4 million
90th percentile RAUM	$472.9 million	$1.1 billion	$85.6 million
Average account size	$419,275	$416,747	$469,374
Offer financial planning	80.0%	81.8%	77.8%
RAUM growth, one year	No data	21.3%	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.