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Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 December 2025","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Independence Financial Advisors have?","answer":"Independence Financial Advisors has 6 investment adviser representatives registered with state securities authorities, out of 11 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Independence Financial Advisors invest in?","answer":"At the end of its last fiscal year, Independence Financial Advisors’ separately managed accounts held 84% exchange-traded equities, 6% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% high-yield corporate bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Independence Financial Advisors?","answer":"Independence Financial Advisors’ direct owner is Franklin Savings Bank (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 19 December 2025","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Independence Financial Advisors get paid?","answer":"Independence Financial Advisors is paid through a percentage of assets under management, hourly charges and other compensation. 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}