No commissions, no ads, no advice. This Mission Wealth Management profile draws only on public records, each linked so you can confirm it yourself.
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Check the SEC adviser record. Open the SEC's IAPD record for Mission Wealth Management (CRD #113057) and confirm its registration.
Read the filings. Review the Form ADV / Form CRS and any disclosure section linked from the IAPD page.
Confirm the entity. Match CRD #113057 / Mission Wealth Management so you're reading the right firm.
The short answer: is Mission Wealth Management a fiduciary?
Yes. Mission Wealth Management is a fiduciary when it advises you. It's a registered investment adviser, and its Form ADV doesn't report a broker-dealer registration. Mission Wealth Management is an SEC-registered investment adviser (CRD #113057) and reported $17.0 billion in regulatory assets under management, according to its latest Form ADV (filed September 28, 2026), across at least 5,343 clients. Its Form ADV (Item 5.E) reports no commissions for advisory services, though it also reports insurance or other sales activity by the firm or a related company, so it's worth asking how each part of the relationship is paid. You don't have to take this on trust. The filings are public, and checking them is quick.
Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer, so the adviser's fiduciary standard is the one that applies to its advice.
What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)
Mission Wealth Management at a glance
✅ Verified from public filings, last checked October 5, 2026. Mission Wealth Management (SEC CRD #113057) is a fiduciary for the whole advisory relationship, on an advisory-fee basis, with $17.0 billion in regulatory assets under management. Every figure below links to its primary source.
What | Mission Wealth Management | Source |
|---|---|---|
SEC CRD | #113057 | |
Registration | Registered investment adviser (RIA), not a broker-dealer | |
Registered since | June 7, 2002 (SEC) | |
Fiduciary? | Yes, as its adviser | |
Fee model | Advisory fees (no commissions reported in Item 5.E) | Form ADV Item 5.E |
How it's paid | A percentage of assets under management, hourly charges, and fixed fees | Form ADV Item 5.E |
Regulatory Assets Under Management | $17.0 billion (Form ADV filed September 28, 2026) | |
Client accounts | 18,908 (14,302 discretionary) | |
Employees | 220 (135 in advisory roles) | |
Ownership | Held by a holding company | |
Disclosures | Form ADV answers No to firm-level disciplinary questions | |
HQ | Santa Barbara, CA |
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Mission Wealth Management fees: what you'll pay
Mission Wealth Management has three billing methods on file, and which one you're placed on shapes your total cost. The firm charges advisory fees: its Form ADV (Item 5.E) reports no commissions for its advisory services. Its filing also reports insurance or other sales activity by the firm or a related company, business that can be paid by commissions. Ask how each part of the relationship is paid. The details are in its Form ADV Part 2A. According to its Form ADV (Item 5.E), it is paid through a percentage of assets under management, hourly charges, and fixed fees.
Advisory fees are what clients pay the adviser directly. Commissions earned through a related broker-dealer or insurance business are a separate source of pay.
Our take: with three billing methods and a related sales business on the same filing, get your fee schedule in writing before you sign. It should name which method applies to you and whether any product you're offered pays a commission. Our guides on fee-only financial advisors and whether you're paying too much explain what to compare.
Who owns Mission Wealth Management, and what conflicts does it disclose?
Mission Wealth Management's ownership is spelled out in the public record. According to Schedule A of its Form ADV, Mission Wealth Management is held by The Stark Revocable Trust of 2000, Brad Warren Stark, Andrew Lawrence Penso, and Seth Mathew Streeter. (Form ADV Schedule A)
Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.
Mission Wealth Management SEC record: disclosures
Mission Wealth Management has been registered with the SEC since June 7, 2002, so any complaint trail would sit across more than two decades of filings under one CRD number. On its Form ADV, Mission Wealth Management answers No to the firm-level disciplinary-history questions. You can confirm that on the public record. Individual advisers can have their own records, so look them up on IAPD and FINRA BrokerCheck too.
According to its Form ADV, the firm makes notice filings in 44 jurisdictions and reports 220 employees, 135 of them in investment advisory roles. As for whether Mission Wealth Management is legit: its registration, CRD and filings are public and verifiable. That confirms it's a real, regulated adviser. Legitimacy is only the floor, though. It says nothing about whether the billing method you're placed on suits the size of your account.
Reading Mission Wealth Management reviews against the public record
Star ratings and client comments describe what working with a firm felt like. They usually don't show what the firm reports to regulators. Before you weigh Mission Wealth Management reviews, check three things this profile takes from the public record. First, how the firm is paid: it reports advisory fees and no commissions, but it has an insurance or other outside-business connection. Second, who owns it and what conflicts it discloses. Third, whether its Form ADV reports any disciplinary history. Read reviews alongside the record, not instead of it.
How to verify Mission Wealth Management yourself
Verifying this directly takes three steps:
SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/113057.
Form ADV / CRS: linked from the IAPD page.
Confirm the entity: match Mission Wealth Management (CRD #113057) so you're reading the right firm.
What Mission Wealth Management does and who it serves
On its Form ADV, Mission Wealth Management reports providing financial planning, portfolio management for individuals, small businesses and institutions, pension consulting, and selection of other advisers.
It reports providing financial planning to about 4,000 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.
Its latest Form ADV filing (2026) breaks its clients down by type in Item 5.D. The five categories with exact counts add up to 5,341. Two more are reported only as "fewer than 5," so the true total is at least 5,343 and no more than 5,349:
Client type | Clients | Assets managed |
|---|---|---|
Individuals | 1,666 | $748.5 million |
High-net-worth individuals | 3,633 | $16 billion |
Pension and profit-sharing plans | Fewer than 5 | $336,540 |
Charities | 28 | $211.9 million |
State or municipal government entities | 2 | $10 million |
Corporations or other businesses | 12 | $35.2 million |
Other | Fewer than 5 | $159,494 |
The table shows where the firm's weight sits. High-net-worth individuals make up roughly two-thirds of its clients but hold $16 billion of the $17.0 billion, while 1,666 other individuals hold $748.5 million between them. Most of this book is high-net-worth by assets. That makes it more worth asking whether hourly or fixed-fee billing would cost you less than a percentage of assets.
According to Item 5.F, it reports 18,908 client accounts, more than three for every client counted above (many clients hold more than one account): 14,302 discretionary (the firm can trade without seeking your approval first) and 4,606 non-discretionary. Its main office is in Santa Barbara, CA.
According to its Form ADV, it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in that filing.
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The firm checks out in minutes. The real work is seeing everything you hold, together.
Looking up CRD #113057 on IAPD is the easy part. Mission Wealth Management's own filing counts more than three accounts per client, and even that tally leaves out whatever you hold elsewhere. However diligent the advisor, they see a fraction of the picture by default: the old 401(k) at a former employer, a spouse's holdings, fees folded into a fund. This is where Truthifi comes in.
How Truthifi can help
Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at Mission Wealth Management.
Prefer your own AI? A paid Truthifi plan lets you connect an AI assistant that supports MCP sign-in, such as Claude. MCP (Model Context Protocol) is a standard that lets an assistant read your linked data only after you approve the connection. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Questions about your fees need Monitoring or Monitoring Plus+. Our guide on how to ask AI about your real investment accounts walks through it.
Ask AI about your Mission Wealth Management accounts
Once your accounts are connected read-only, you can ask in plain English:
"What do I own across my Mission Wealth Management accounts and everything else, and how is it allocated?"
"What am I paying in fees across all of these accounts?"
Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).
No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Link up to 10 connections, per Truthifi's published plan data. Plans and limits are on the pricing page → truthifi.com.
One question worth bringing to your next Mission Wealth Management review: which of your accounts does the firm manage, and which does it only hear about from you? The gap between those two lists is where fees and concentrated positions tend to go unnoticed.
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FAQ
Is Mission Wealth Management a fiduciary? Yes. It's a registered investment adviser (CRD #113057), so it owes a fiduciary duty when it advises you. Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer.
Is Mission Wealth Management fee-only? Not necessarily. Its Form ADV (Item 5.E) reports no commissions for advisory services, but the filing also reports insurance or other sales activity by the firm or a related company, which can be paid differently. Ask how everyone you deal with is paid. The details are in its Form ADV Part 2A.
Who owns Mission Wealth Management? Mission Wealth Management is held by The Stark Revocable Trust of 2000, Brad Warren Stark, Andrew Lawrence Penso, and Seth Mathew Streeter, as listed in Schedule A of its Form ADV.
Does Mission Wealth Management have complaints or disclosures? Its Form ADV answers No to the firm-level disciplinary-history questions. Individual advisers can have their own records on IAPD and BrokerCheck.
Is Mission Wealth Management legit? Mission Wealth Management is registered with the SEC (CRD #113057) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.
Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.
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About this profile
Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.
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A note on sources. The facts on this page come from publicly available documents, Mission Wealth Management's SEC filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Mission Wealth Management. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.
Disclaimer: This article is for educational purposes only and does not constitute financial, tax, or legal advice. It should not be construed as a personalized recommendation regarding any investment, financial advisor, or financial product. All calculations use hypothetical scenarios and historical return assumptions; actual results will vary. Past performance does not guarantee future results. Consult a qualified financial professional for guidance specific to your situation. Truthifi is an investment monitoring platform — not a financial advisor, broker-dealer, or tax professional. Truthifi does not manage assets, recommend investments, sell financial products, or provide personalized financial advice. Truthifi earns no revenue from advisor referrals, product commissions, or AUM fees. Statistics and data cited reflect publicly available sources current as of the article’s publication date. Sources are linked throughout.