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Facet Wealth

Wealth managementRIA

West Palm Beach, FLCRD 285961Updated

Facet Wealth is an investment adviser based in West Palm Beach, FL, registered with the SEC since 2016. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $7.6 billion, as filed on 31 July 2026.

$7.6B
AUM
14.7K
Clients
$516K
AUM per individual client
77
Advisory staff
26
Offices
See fees
Annual fee

From Form ADV filed 31 July 2026SEC record

Services and clients

Facet Wealth provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 16,000 clients last fiscal year.

Facet Wealth reports 14,741 clients. They include 11,813 individual clients and 2,928 high-net-worth individuals. Of its assets, 100.0% ($7.6B across 43,934 accounts) are managed with discretion. It advised 2,521 clients without assets under management last fiscal year.

Clients and assets by client type
Clients14,741 clients
Assets$7.6B
Share of clients and assets by client type
Client typeClientsAssets
Individuals (other than HNW)80%31%
High-net-worth individuals20%69%
Client breakdown and activity details
Individuals (other than HNW)
Clients
11,813
Regulatory AUM
$2.36B
AUM share
31.1%
Avg. per client
$200K
High-net-worth individuals
Clients
2,928
Regulatory AUM
$5.24B
AUM share
68.9%
Avg. per client
$1.79M

Total

Clients
14,741
Regulatory AUM
$7.6B
AUM share
100%
Avg. per client
$516K
Clients outside the U.S.
0%
Clients advised without assets under management last fiscal year
2,521
Private funds advised
0
Financial planning clients last fiscal year
16000

Facet Wealth fees and minimums

Facet Wealth is paid through fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.

Fee details and sources

Other fees

Estate planning and tax filing
Estate planning and tax filing offered through third parties are sold separately, a la carte, at fees the brochure does not state.
Financial planning membership
Financial planning is a flat membership fee, generally $2,600 to $10,000 a year, billed quarterly or annually in advance by membership level.

Who owns Facet Wealth

Anderson Jones is CEO; the leadership team includes Chief Investment Officer Thomas Graff, Chief Operating Officer Shruti Joshi and Chief Financial Officer Darshan Patel. It has 238 employees, 77 of them in advisory roles.

Leadership

Investment adviser representatives

95 representatives listed in the SEC register as of 9 October 2026.

  • Brandon Charles Aguilar Gunderson
  • Philip Thomas Alford
  • Claire Nowels Amick
  • Kelsey Ann Aranha
  • Andrew Argen
  • Ryan Joseph Bailey
  • Joseph Paul Bartelo
  • Jeremy Crespillo Belingon
  • Justin Thomas Bellows
  • Stephen Joseph Burley JR
  • Noreen Burtner
  • Evan Thomas Byrne

Staff

  • 238 employees
  • 77 in advisory functions
  • 77 state-registered reps
Ownership chain
Facet Wealth, Inc· the adviser

  • Warburg Pincus Private Equity Xii, LP

    since August 2018

    Owns 10% to 25% of Facet Wealth, Inc

  • Warburg Pincus Private Equity

    since August 2018

    Owns 10% to 25% of Facet Wealth, Inc

  • Warburg Pincus Financial Sector, LP

    since August 2018

    Owns 10% to 25% of Facet Wealth, Inc

  • Warburg Pincus Financial

    since August 2018

    Owns 10% to 25% of Facet Wealth, Inc

  • Durable Capital Master Fund LP

    since January 2022

    Owns 10% to 25% of Facet Wealth, Inc

  • Anderson Jones

    Control person · since November 2016

    Owns 5% to 10% of Facet Wealth, Inc

  • Patrick McKenna

    Control person · since November 2016

    Owns 5% to 10% of Facet Wealth, Inc

Growth and acquisitions

Facet Wealth’s regulatory assets grew 12.2× from $625M (July 2021) to $7.6B (July 2026); clients rose from 2,988 to 14,741 and employees from 204 to 238.

By annual filing
Measure
Figures from each annual filing
Facet Wealth figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
July 2026$7.6B14,74123826
April 2025$3.87B12,3921501
July 2024$3.49B10,9671911
August 2023$2.08B8,8822591
May 2022$1.19B6,1123001
July 2021$625M2,9882041

Offices and registration details

Besides its headquarters, Facet Wealth has 25 offices (25 private residences, listed without an address), with 1 listed address in Florida.

Listed office addresses in Florida
West Palm Beach

Florida · 1 listed address

  • 2054 Vista Parkway, Ste 400, West Palm BeachHQ

Contact and registration details

Legal name
Facet Wealth, Inc
Headquarters
2054 Vista Parkway, Ste 400, West Palm Beach, FL 33411
Website
facet.com
Phone
443-376-6222
LinkedIn
@joinfacet
X
@join_facet
SEC file
801-108767
Structure
Delaware corporation
Fiscal year end
December

Custodians

Facet Wealth uses Apex Clearing ($5.64B, 77%) and Fidelity ($1.73B, 23%) as custodians for its separately managed accounts. Facet Wealth has custody of $7.6B in client assets for 14,741 clients.

Reported separately managed account assets by custodian
$7.37B
named custodians
  • FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.73B23%
  • Apex ClearingApex Clearing Corporation · Dallas, TX · $5.64B77%

Investments and reported holdings

At year end, Facet Wealth’s separately managed accounts were mostly in funds (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $6.98B across 411 positions; the largest are Vanguard Tax-managed Fds (15.8%), Vanguard Index Fds (13.0%) and iShares TR (10.4%).

What the accounts hold

Separately managed account assets by class, year end
  • Stocks4%
  • Funds92%
  • Cash4%

Reported 13F holdings

$6.98B
Reported 13F value
411
Positions
68.1%
In the 10 largest
+20.9%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Vanguard Tax-managed Fds · Van FTSE Dev Mkt15.8%
  2. Vanguard Index Fds · Total Stk Mkt13.0%
  3. iShares TR · MSCI USA Qlt Fct10.4%
  4. Vanguard BD Index Fds · Total Bnd Mrkt8.6%
  5. Vanguard Index Fds · Value ETF5.4%
  6. Vanguard Intl Equity Index F · FTSE Emr Mkt ETF3.6%
  7. iShares Inc. · MSCI Emrg Chn3.2%
  8. iShares TR · National Mun ETF2.9%
  9. Vanguard Scottsdale Fds · Int-term Corp.2.7%
  10. SPDR Series Trust · ST Str P400mid2.6%

Together, the ten largest are 68.1% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 27 July 2026

Common questions

How many clients does Facet Wealth have?

Facet Wealth has 14,741 clients and manages $7.6 billion for them, as of July 2026. They include 11,813 individual clients and 2,928 high-net-worth individuals.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026

What services does Facet Wealth offer?

Facet Wealth provides financial planning and portfolio management for individuals and small businesses.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Facet Wealth use?

Facet Wealth’s separately managed account assets are held at Apex Clearing Corporation (Dallas, TX), with $5.64B and Fidelity Brokerage Services LLC (Smithfield, RI), with $1.73B. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 July 2026

How many financial advisors does Facet Wealth have?

Facet Wealth has 77 investment adviser representatives registered with state securities authorities, out of 238 employees, and 77 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Facet Wealth invest in?

At the end of its last fiscal year, Facet Wealth’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 4% exchange-traded equities and 4% cash and equivalents.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Facet Wealth?

Facet Wealth’s direct owners are Anderson Jones, Patrick McKenna, Warburg Pincus Private Equity Xii, LP, Warburg Pincus Private Equity, Warburg Pincus Financial Sector, LP, Warburg Pincus Financial and Durable Capital Master Fund LP, each holding 25% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026

How does Facet Wealth get paid?

Facet Wealth is paid through fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Is Facet Wealth registered with the SEC?

Yes, Facet Wealth has been registered with the SEC as an investment adviser since 15 December 2016. Its CRD number is 285961 and its SEC file number is 801-108767.

Source: Form ADV Part 1A, Item 1, filed 31 July 2026; IAPD firm record

How do I contact Facet Wealth?

Facet Wealth’s main office is at 2054 Vista Parkway, Ste 400, West Palm Beach, FL 33411. Its phone number is 443-376-6222. Its website is facet.com.

Source: Form ADV Part 1A, Item 1.F, filed 31 July 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 31 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. ADV PART 2A, submitted 2 October 2026.
  3. IAPD firm record, CRD 285961.
  4. SEC registered adviser data, annual Form ADV amendments filed 22 July 2021 to 31 July 2026. Items 1.F and 5.
  5. SEC investment adviser representative register, as of 9 October 2026; loaded 10 October 2026.
  6. Form 13F-HR, filed 27 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. The logo is reproduced for identification from Facet, website.

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