# Index Fund Advisors, Inc. (IFA.com)

> Index Fund Advisors, Inc. (IFA) is a fee-only, fiduciary registered investment adviser (RIA) headquartered in Irvine, California. IFA provides evidence-based wealth management using passively managed, globally diversified index fund portfolios, along with financial planning, retirement planning, and tax services. IFA.com offers extensive investor education: articles, videos, charts, calculators, a glossary, academic research, and 100 risk-calibrated IFA Index Portfolios with hypothetical back-tested data going back to 1928.

Key facts:
- Founded in 1999 by Mark T. Hebner, author of the book "Index Funds: The 12-Step Recovery Program for Active Investors."
- Investment philosophy is grounded in academic research from Nobel laureates such as Eugene Fama and Harry Markowitz, and the work of Kenneth French and Dimensional Fund Advisors (DFA).
- IFA Index Portfolios are risk-calibrated blends of stock and bond index funds, identified by numbers (e.g., Index Portfolio 100) reflecting equity exposure.
- IFA charges a maximum 0.90% annual advisory fee; index data on the site reflects deductions of fund fees as disclosed.
- Performance data for IFA Indexes and Index Portfolios is hypothetical, back-tested data. See the disclosures pages for important details.

## Company

- [About IFA](https://www.ifa.com/about): Company overview, advisors, and team
- [Services](https://www.ifa.com/services): Wealth management, financial planning, and tax services
- [Fees](https://www.ifa.com/fees): Advisory fee schedule
- [Fee Calculator](https://www.ifa.com/fee-calculator): Estimate IFA advisory fees
- [Find an Advisor](https://www.ifa.com/find-an-advisor): Match with an IFA wealth advisor
- [Become a Client](https://www.ifa.com/become-client): Steps to start with IFA
- [Contact](https://www.ifa.com/contact): Locations, phone, and contact form
- [Careers](https://www.ifa.com/careers): Open positions at IFA
- [Awards](https://www.ifa.com/awards): Industry recognition and rankings
- [Institutional](https://www.ifa.com/institutional): Services for institutions, trustees, and fiduciaries
- [Retirement Plans](https://www.ifa.com/retirement-plans): 401(k) and employer plan fiduciary services
- [Taxes](https://www.ifa.com/taxes): IFA Taxes — tax planning and preparation services

## Investing Approach

- [12 Steps for Active Investors](https://www.ifa.com/12steps): Mark Hebner's 12-step program from active to passive investing
- [Index Portfolios](https://www.ifa.com/portfolios): Risk-calibrated IFA Index Portfolios (1–100)
- [Fund Portfolios](https://www.ifa.com/fund-portfolios): The index funds inside IFA portfolios
- [Charts](https://www.ifa.com/charts): Interactive index and portfolio performance charts
- [Index Insights](https://www.ifa.com/index-insights): Data-driven insights on IFA indexes
- [Academic Papers](https://www.ifa.com/academic-papers): Peer-reviewed research behind the strategy
- [The Papers That Changed Investing](https://www.ifa.com/the-papers-that-changed-investing): Landmark academic papers explained
- [Eugene Fama](https://www.ifa.com/eugene-fama): The Nobel laureate behind the Efficient Market Hypothesis
- [Harry Markowitz](https://www.ifa.com/harry-markowitz): The Nobel laureate behind Modern Portfolio Theory
- [Galton Board](https://www.ifa.com/galtonboard): Probability, randomness, and market returns demonstrated
- [Pioneers of Probability](https://www.ifa.com/pioneers-of-probability): History of probability and statistics in investing
- [Glossary](https://www.ifa.com/glossary): Definitions of investing terms

## Education and Media

- [Articles](https://www.ifa.com/articles): Evidence-based investing articles and market commentary
- [Videos](https://www.ifa.com/videos): Educational videos and interviews
- [Index Funds: The Movie](https://www.ifa.com/indexfundsthemovie): Documentary based on Mark Hebner's book
- [Tune Out the Noise](https://www.ifa.com/tune-out-the-noise): Errol Morris documentary on the science of investing
- [Books](https://www.ifa.com/books): Books by Mark Hebner and recommended reading
- [Book Library](https://www.ifa.com/book-library): Curated investing book library
- [Quotes](https://www.ifa.com/quotes): Notable quotes on investing
- [Investing: The Evidence](https://www.ifa.com/investingtheevidence): Documentary series on the evidence for passive investing

## Calculators and Tools

- [Retirement Analyzer](https://www.ifa.com/retirement-analyzer): Retirement readiness and Monte Carlo analysis
- [Retirement Income Calculator](https://www.ifa.com/calculators/retirement-income): Sustainable retirement income estimates
- [College Savings](https://www.ifa.com/college-savings): 529 and college funding planning
- [Target Date Comparison](https://www.ifa.com/calculators/target-date-comparison): Compare target date funds
- [T-Stat Calculator](https://www.ifa.com/t-stat-calculator): Statistical significance of manager performance
- [Coin Flip](https://www.ifa.com/calculators/coin-flip): Randomness and probability demonstration
- [Tax Return Fee Calculator](https://www.ifa.com/calculators/tax-return-fee-calculator): Estimate tax preparation fees

## Disclosures

- [Index Data Disclosures](https://www.ifa.com/disclosures/index-data): How IFA Indexes are constructed back to 1928, including Dimensional and Fama/French index definitions
- [History of Changes](https://www.ifa.com/disclosures/history): Changes made to IFA Indexes and Index Portfolios
- [Disclosures](https://www.ifa.com/disclosures): Advertising, performance, and regulatory disclosures

## Optional

- [Estate Planning](https://www.ifa.com/estate-planning): Estate planning resources and attorney network
- [Senior Care](https://www.ifa.com/senior-care): Senior care advisor referrals
- [Medicare Referral](https://www.ifa.com/medicare-referral): Medicare guidance referrals
- [Sustainability](https://www.ifa.com/sustainability): Sustainable investing options
- [Gallery](https://www.ifa.com/gallery): Art and history of finance gallery
- [Coins](https://www.ifa.com/coins): The IFA MarketCoin and probability history
- [Market Coin](https://www.ifa.com/market-coin): Simulated market randomness demonstration
- [Speculation Blues](https://www.ifa.com/speculation-blues): Music about the perils of speculation
- [Promoters](https://www.ifa.com/promoters): IFA promoter network
- [Sitemap](https://www.ifa.com/sitemap): Full site map
- [Search](https://www.ifa.com/search): Site search
- [Mobile App](https://www.ifa.com/app): IFA app for iOS and Android

## Recent Articles

- [Spiva Report Active Vs Passive](https://www.ifa.com/articles/spiva-report-active-vs-passive)
- [Gambling Scholar](https://www.ifa.com/articles/gambling_scholar)
- [Sorting Through Your Medicare Options](https://www.ifa.com/articles/sorting_through_your_medicare_options)
- [Traveler Changed World Counts](https://www.ifa.com/articles/traveler_changed_world_counts)
- [What Millions People Just Learned About Investing That Clients Already Knew](https://www.ifa.com/articles/what_millions_people_just_learned_about_investing_that_clients_already_knew)
- [History Coin From Ancient Africa To The Ifa Marketcoin](https://www.ifa.com/articles/history-coin-from-ancient-africa-to-the-ifa-marketcoin)
- [Tune Out The Noise Documentary Analysis](https://www.ifa.com/articles/tune-out-the-noise-documentary-analysis)
- [Odds Have Never Been Worse Stock Picking Losing Game](https://www.ifa.com/articles/odds_have_never_been_worse_stock_picking_losing_game)
- [Small Value Opened Strong 2026](https://www.ifa.com/articles/small_value_opened_strong_2026)
- [Designed Keep You Playing Case Treating Trading Apps Like Casinos](https://www.ifa.com/articles/designed_keep_you_playing_-_case_treating_trading_apps_like_casinos)
- [Museum American Finance Honors David Booth With Financial Innovation Award](https://www.ifa.com/articles/museum_american_finance_honors_david_booth_with_financial_innovation_award)
- [Phishing Phools Financial Industry Profits From Investor Confusion](https://www.ifa.com/articles/phishing_phools_financial_industry_profits_from_investor_confusion)
- [Reality Check Capital Market Assumptions Actual Returns](https://www.ifa.com/articles/reality_check_capital_market_assumptions_actual_returns)
- [Just Diagnosing Trading Addiction Expanding Trading Hours](https://www.ifa.com/articles/just_diagnosing_trading_addiction_expanding_trading_hours)
- [Psychology Label Familiar Names Make Poor Investments](https://www.ifa.com/articles/psychology_label_familiar_names_make_poor_investments)
- [The Night That Converted A Skeptic To Evidence Based Investing](https://www.ifa.com/articles/the_night_that_converted_a_skeptic_to_evidence-based_investing)
- [2025 Planning Guide Issues Consider Under Obbba](https://www.ifa.com/articles/2025_planning_guide_issues_consider_under_obbba)
- [Annual Retirement Savings Guide Cheat Sheet 2026](https://www.ifa.com/articles/annual_retirement_savings_guide_cheat_sheet_2026)
- [Five Investing Myths Challenged Probability Theory](https://www.ifa.com/articles/five_investing_myths_challenged_probability_theory)
- [Small Caps Have Done Better Than You Think](https://www.ifa.com/articles/small_caps_have_done_better_than_you_think)
- [Galton Board Year Device That Reveals You Predict Markets](https://www.ifa.com/articles/galton_board_-year-_device_that_reveals_you_predict_markets)
- [2025 Changes Beautiful Bill Obbb What Means You](https://www.ifa.com/articles/2025_changes_beautiful_bill_obbb_what_means_you)
- [Market Randomness Random Walk Mark Hebner Marketcoin Galton Board Unified Explanation](https://www.ifa.com/articles/market_randomness_random_walk_mark_hebner_marketcoin_galton_board_unified_explanation)
- [Savings Contribution Limits Look 2026 Account Levels](https://www.ifa.com/articles/savings_contribution_limits_look_2026_account_levels)
- [Final Lesson What Jonathan Clements Learned From Death About Money Life](https://www.ifa.com/articles/final_lesson-_what_jonathan_clements_learned_from_death_about_money_life)