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IAG Wealth Partners Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

With a handful of advisors serving thousands of clients, IAG Wealth Partners primarily operates out of Waukesha, Wisconsin. The firm also has a secondary location in Janesville, Wisconsin. Offering an array of advisory services, this financial advisory firm currently has around $1 billion in client assets under management (AUM). The firm has been operating in the Waukesha area for nearly 40 years.

As a fee-based firm, certain members of IAG's advisory staff can earn commissions when selling securities or insurance products, in addition to client-paid fees. On the other hand, a fee-only firm only receives its compensation from clients.

IAG Wealth Partners Background 

Formed in 1985 by founder and firm president Lori A. Watt, IAG is an independent, full-service investment group. The firm’s specialties include investment management and financial planning, but IAG may utilize programs sponsored by third-party money managers as well.

The firm’s team consists of four certified financial planners (CFPs), three chartered retirement planning counselors (CRPC), one certified divorce financial analyst (CDFA), one certified exit planning counselor (CEPA) one chartered financial consultant (ChFC), one chartered life underwriter (CLU) and one certified kingdom advisor (CKA).

IAG Wealth Partners Client Types and Minimum Account Sizes 

IAG Wealth Partners mainly serves individuals with and without a high net worth, families, corporations, business owners, retirement plans and charitable organizations. However, individual far outnumber any other client type here.

The firm's minimum account size requirements vary based on account type, but they generally range from $5,000 to $250,000. 

Services Offered by IAG Wealth Partners

IAG Wealth Partners provides the following advisory services:

  • Portfolio management
    • Financial goal planning
    • Asset allocation planning
    • Tax minimization
  • Financial planning
    • Cash flow analysis
    • Retirement planning
    • Medicare planning
    • Tax planning
    • Investment planning
    • Insurance management
    • Estate planning
    • Legacy planning
    • Business succession planning
  • Selection of other advisors
  • Educational seminars

IAG Wealth Partners Investment Philosophy

On IAG’s website, founder Lori Watt says that the firm's mission is "to guide you in making wise financial decisions for today and tomorrow." The firm also strives to tailor its advice to each client’s financial goals and lifestyle. This involves using your risk tolerance, time horizon, long-term goals, income needs and tax situation to formulate an investment plan that will get you where you want to go financially.

The firm’s investment strategies utilize fundamental analysis and cyclical analysis, and advisors usually recommend exchange-traded funds (ETFs), partnerships or other less liquid investments. 

Fees Under IAG Wealth Partners

IAG Wealth Partners charges clients asset-based fees, hourly fees and fixed fees. For financial planning, the firm has two separate categories for which it charges fees. For initial financial planning, the firm's charges begin at $1,200, while ongoing planning uses a retainer fee schedule. Clients using consulting services pay an hourly fee ranging from $75 to $300. 

IAG charges up to 1.75% annually for investment advisory services, and clients may incur fees from third-party money managers. LPL Financial, whose programs the firm sometimes uses, has its own fees as well.

IAG Wealth Partners Awards and Recognition

IAG Wealth Partners made the Financial Times’ 2020 Top 300 Financial Advisors list. It also holds a spot on SmartAsset's list of the top financial advisors in Waukesha.

What to Watch Out For

IAG Wealth Partners does not have any disclosures listed on its SEC-filed Form ADV.

IAG representatives may recommend securities or insurance, allowing them to earn customary commissions. This creates a potential conflict of interest if advisors recommend such products to clients. However, the firm’s fiduciary duty requires its professionals to work in each client’s best interest.

Opening an Account With IAG Wealth Partners

The best way to contact IAG Wealth Partners is to either visit its website and fill out the contact form or call one of its two office locations. You can reach the Waukesha branch at (262) 446-8150, and the number of the Janesville branch is (608) 743-0251.

All information is accurate as of the writing of this article.

Tips for Investing

  • SmartAsset’s free financial advisor matching tool can greatly simplify your financial advisor search. The tool connects you with up to three local advisors within minutes. Get started now.
  • Whether you’re new to investing or you’ve got a bit of experience under your belt, asset allocation is nonetheless an effective method of building a strong, diverse portfolio. After determining your time horizon, investment objectives and risk tolerance, you’ll be better equipped to decide which investments best suit your portfolio.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research