Ibex Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Ibex Wealth Advisors reports 892 clients. They include 469 individual clients, 400 high-net-worth individuals, and 21 corporations and other businesses. Of its assets, 100.0% ($1.28B across 892 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 10% |
| High-net-worth individuals | 45% | 87% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | 2% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 469 | $135M | 10.5% | $287K |
| High-net-worth individuals | 400 | $1.11B | 86.5% | $2.78M |
| Pension and profit-sharing plans | Fewer than 5 | $902K | 0.1% | $451K |
| Corporations and other businesses | 21 | $37.3M | 2.9% | $1.78M |
| Total | 892 | $1.28B | 100% | — |
- Clients
- 469
- Regulatory AUM
- $135M
- AUM share
- 10.5%
- Avg. per client
- $287K
- Clients
- 400
- Regulatory AUM
- $1.11B
- AUM share
- 86.5%
- Avg. per client
- $2.78M
- Clients
- Fewer than 5
- Regulatory AUM
- $902K
- AUM share
- 0.1%
- Avg. per client
- $451K
- Clients
- 21
- Regulatory AUM
- $37.3M
- AUM share
- 2.9%
- Avg. per client
- $1.78M
Total
- Clients
- 892
- Regulatory AUM
- $1.28B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Ibex Wealth Advisors charges up to 1.60% a year for its Investment Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-alone financial planning and consulting
- Planning and consulting fees are negotiable, ranging from $2,000 to $15,000 on a fixed fee basis and from $150 to $300 an hour.
Glenn Stephenson owns 25% to 50% of Ibex Wealth Advisors. The leadership team of Ibex Wealth Advisors includes Chief Compliance Officer James Varaklis. It has 10 employees, 5 of them in advisory roles.
Leadership
- James VaraklisMember/Chief Compliance Officer
- Philip RongoMember
- Glenn StephensonManaging Member
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Denise Paige Anderson
- Cheryl Joan Andrew
- Andre Rapoport
- Charles Anthony Rongo
- Philip Francis Rongo JR
- Philip Francis Rongo III
- Glenn Edward Stephenson
- James John Varaklis
Staff
- 10 employees
- 5 in advisory functions
- 6 state-registered reps
- 4 broker-dealer reps
- 4 insurance agents
- Owns 25% to 50% of Ibex Wealth Advisors, LLC
Glenn Stephenson
Control person · since August 2013
- Owns 25% to 50% of Ibex Wealth Advisors, LLC
James Varaklis
Control person · since August 2013
- Owns 25% to 50% of Ibex Wealth Advisors, LLC
Philip Rongo
Control person · since August 2013
Ibex Wealth Advisors’ regulatory assets grew 2.5× from $517M (March 2021) to $1.28B (September 2026); clients rose from 548 to 892 and employees from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.28B | 892 | 10 | 3 |
| March 2025 | $963M | 1,014 | 10 | 2 |
| April 2024 | $710M | 708 | 9 | 2 |
| March 2023 | $555M | 654 | 9 | 2 |
| July 2022 | $677M | 603 | 8 | 2 |
| March 2021 | $517M | 548 | 8 | 2 |
Besides its headquarters, Ibex Wealth Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Florida.
Florida · 2 listed addresses
- 500 S. Australian Ave., Suite 600, West Palm BeachHQ
- 500 S. Australian Ave., West Palm Beach
Other business names
Ibex Wealth Advisors has reported 1 other business name to the SEC.
- Phil Rongo Wealth Management
Contact and registration details
- Legal name
- Ibex Wealth Advisors, LLC
- Headquarters
- 500 S. Australian Ave., Suite 600, West Palm Beach, FL 33401
- Website
- ibexwealth.com
- Phone
- 908-849-4800
- SEC file
- 801-78971
- Founded
- 2012
- Structure
- New Jersey LLC
- Fiscal year end
- December
Ibex Wealth Advisors uses LPL Financial ($963M) as custodian for its separately managed accounts. Ibex Wealth Advisors does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Boston, MA · $963M100%
At year end, Ibex Wealth Advisors’ separately managed accounts were mostly in stocks (65%) and funds (25%).
What the accounts hold
- Stocks65%
- Funds25%
- Bonds8%
- U.S. government and agency bonds5%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash2%
How many clients does Ibex Wealth Advisors have?
Ibex Wealth Advisors has 892 clients and manages $1.28 billion for them, as of September 2026. They include 469 individual clients, 400 high-net-worth individuals, and 21 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 September 2026
What services does Ibex Wealth Advisors offer?
Ibex Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Ibex Wealth Advisors charge?
Ibex Wealth Advisors charges up to 1.60% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Source: ADV PART 2A, filed 30 March 2026
Which custodians does Ibex Wealth Advisors use?
Ibex Wealth Advisors’ separately managed account assets are held at LPL Financial LLC (Boston, MA), with $963M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 September 2026
How many financial advisors does Ibex Wealth Advisors have?
Ibex Wealth Advisors has 6 investment adviser representatives registered with state securities authorities, out of 10 employees, and 5 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 4 employees are 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 Ibex Wealth Advisors invest in?
At the end of its last fiscal year, Ibex Wealth Advisors’ separately managed accounts held 65% exchange-traded equities, 25% registered funds (mutual funds, ETFs, BDCs), 5% U.S. government and agency bonds, 2% state and local bonds, 2% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ibex Wealth Advisors?
Ibex Wealth Advisors’ direct owners are Glenn Stephenson, James Varaklis and Philip Rongo, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 14 September 2026
How does Ibex Wealth Advisors get paid?
Ibex Wealth Advisors is paid through a percentage of assets under management, hourly charges and 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 Ibex Wealth Advisors registered with the SEC?
Yes, Ibex Wealth Advisors has been registered with the SEC as an investment adviser since 2 January 2014. Its CRD number is 168674 and its SEC file number is 801-78971.
Source: Form ADV Part 1A, Item 1, filed 14 September 2026; IAPD firm record
How do I contact Ibex Wealth Advisors?
Ibex Wealth Advisors’ main office is at 500 S. Australian Ave., Suite 600, West Palm Beach, FL 33401. Its phone number is 908-849-4800. Its website is ibexwealth.com.