Index Fund Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 1,500 clients last fiscal year.
Index Fund Advisors reports 2,159 clients. They include 1,186 individual clients, 909 high-net-worth individuals and 52 charitable organizations. Of its assets, 100.0% ($5.93B across 6,664 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 15% |
| High-net-worth individuals | 42% | 73% |
| Pension and profit-sharing plans | <1% | 3% |
| Charitable organizations | 2% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,186 | $891M | 15.0% | $751K |
| High-net-worth individuals | 909 | $4.35B | 73.4% | $4.79M |
| Pension and profit-sharing plans | 12 | $205M | 3.5% | $17.1M |
| Charitable organizations | 52 | $481M | 8.1% | $9.25M |
| Total | 2,159 | $5.93B | 100% | $2.75M |
- Clients
- 1,186
- Regulatory AUM
- $891M
- AUM share
- 15.0%
- Avg. per client
- $751K
- Clients
- 909
- Regulatory AUM
- $4.35B
- AUM share
- 73.4%
- Avg. per client
- $4.79M
- Clients
- 12
- Regulatory AUM
- $205M
- AUM share
- 3.5%
- Avg. per client
- $17.1M
- Clients
- 52
- Regulatory AUM
- $481M
- AUM share
- 8.1%
- Avg. per client
- $9.25M
Total
- Clients
- 2,159
- Regulatory AUM
- $5.93B
- AUM share
- 100%
- Avg. per client
- $2.75M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1500
Index Fund Advisors charges 0.20%–0.90% a year for its Investment advisory and wealth services. Each asset band is charged at its own rate. The fee is billed in advance. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 0.90% |
| $500K–$1M | 0.75% |
| $1M–$2M | 0.60% |
| $2M–$4M | 0.45% |
| $4M–$6M | 0.30% |
| $6M–$10M | 0.25% |
| $10M and above | 0.20% |
Fee details and sources
Other fees
- IFA Taxes
- Tax services are provided by IFA professionals under a separate engagement, typically from $200 to $20,000 depending on the client; promotional rates may apply.
Mark Hebner owns 75% or more of Index Fund Advisors. Mark Hebner is CEO; the leadership team includes President Wesley Long, Chief Financial Officer Cynthia Mason and Chief Compliance Officer Michelle Ojeda. It has 50 employees, 30 of them in advisory roles.
Leadership
Mark HebnerChief Executive Officer
Wesley LongPresident- Cynthia MasonChief Financial Officer
- Michelle OjedaCo-Chief Compliance Officer
- Trevor KenseyCo-CHF Compliance, Mkting and Advertising
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
- Shareen Marie Balkey
- Elizabeth Marie Brunson
- Mary Elizabeth Brunson
- Daniel Chong
- Denise Georgia Delaney
- Kerrie A Doughty-Lloyd
- Mark James Higgins
- Derick Lee Kann
- Anne Elizabeth Page
- Nicholas Anthony Piccarreta
- Bridget Aline Quijada
- Neal Patrick Rutter
- Gordon Leroy Shuler
- Jeffrey Robert Sims
- Venkat Yarlagadda
- David Christopher York
Staff
- 50 employees
- 30 in advisory functions
- 17 state-registered reps
- 4 soliciting firms
- Owns 75% or more of Index Fund Advisors, Inc.
Mark Hebner
Control person · since March 1999
Index Fund Advisors’ regulatory assets grew from $4.13B (May 2021) to $5.93B (March 2026); clients fell from 2,352 to 2,159 and employees rose from 41 to 50.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $5.93B | 2,159 | 50 | 1 |
| March 2025 | $5.33B | 2,403 | 50 | 1 |
| March 2024 | $4.95B | 2,419 | 55 | 1 |
| April 2023 | $4.35B | 2,451 | 50 | 2 |
| April 2022 | $4.94B | 2,371 | 48 | 2 |
| May 2021 | $4.13B | 2,352 | 41 | 2 |
Besides its headquarters, Index Fund Advisors has 0 offices, with 1 listed address in California.
California · 1 listed address
- 19200 Von Karman Ave, Suite 150, IrvineHQ
Other business names
Index Fund Advisors has reported 1 other business name to the SEC.
- Investing for Catholics
Contact and registration details
- Legal name
- Index Fund Advisors, Inc.
- Headquarters
- 19200 Von Karman Ave, Suite 150, Irvine, CA 92612-6566
- Website
- ifa.com
- Phone
- 949-502-0050
- @index-funds-advisors-inc-
- SEC file
- 801-57978
- Structure
- Delaware corporation
- Fiscal year end
- December
Index Fund Advisors uses Charles Schwab ($4.89B) as custodian for its separately managed accounts. Index Fund Advisors has custody of $1.59B in client assets for 1,003 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $4.89B100%
At year end, Index Fund Advisors’ separately managed accounts were mostly in funds (84%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.52B across 135 positions; the largest are Dimensional ETF Trust (19.2%), Dimensional ETF Trust (17.6%) and Dimensional ETF Trust (16.2%).
What the accounts hold
- Stocks2%
- Funds84%
- Cash1%
- Other12%
- Certificate of deposits; variable annuities; "placeholder". placeholders are 401ks, 403bs and 529s.12%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $2.52B
- Reported 13F value
- 135
- Positions
- 84.3%
- In the 10 largest
- +13.3%
- Value vs. prior quarter
- Dimensional ETF Trust · US Small Cap ETF19.2%
- Dimensional ETF Trust · US Targeted Vlu17.6%
- Dimensional ETF Trust · US Equi Mark ETF16.2%
- Dimensional ETF Trust · US Mktwide Value12.6%
- Dimensional ETF Trust · Internatnal Val7.7%
- Dimensional ETF Trust · US Small Cap ETF4.4%
- Dimensional ETF Trust · US Larg Valu ETF2.3%
- iShares TR · 0-3 Mth Treasury1.7%
- Vanguard BD Index Fds · Total Bnd Mrkt1.5%
- Dimensional ETF Trust · US Cor Equ 2 ETF1.1%
Together, the ten largest are 84.3% of reported value.
How many clients does Index Fund Advisors have?
Index Fund Advisors has 2,159 clients and manages $5.93 billion for them, as of March 2026. They include 1,186 individual clients, 909 high-net-worth individuals and 52 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Index Fund Advisors offer?
Index Fund Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Index Fund Advisors charge?
Index Fund Advisors charges 0.20%–0.90% a year for its Investment advisory and wealth services. Each asset band is charged at its own rate. The fee is billed in advance.
Source: INDEX FUND ADVISORS FORM ADV PART 2A 03.25.2026, filed 25 March 2026
Which custodians does Index Fund Advisors use?
Index Fund Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $4.89B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Index Fund Advisors have?
Index Fund Advisors has 17 investment adviser representatives registered with state securities authorities, out of 50 employees, and 30 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 Index Fund Advisors invest in?
At the end of its last fiscal year, Index Fund Advisors’ separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 12% other, 2% exchange-traded equities and 1% cash and equivalents. The 12% other category is described as: Certificate of Deposits; Variable Annuities; "Placeholder". Placeholders Are 401ks, 403bs and 529s.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Index Fund Advisors?
Index Fund Advisors’ direct owner is Mark Hebner (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Index Fund Advisors get paid?
Index Fund Advisors is paid through a percentage of assets under management 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 Index Fund Advisors registered with the SEC?
Yes, Index Fund Advisors has been registered with the SEC as an investment adviser since 28 September 2000. Its CRD number is 109143 and its SEC file number is 801-57978.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Index Fund Advisors?
Index Fund Advisors’ main office is at 19200 Von Karman Ave, Suite 150, Irvine, CA 92612-6566. Its phone number is 949-502-0050. Its website is ifa.com.