With 13 advisors serving nearly 3,400 clients, IAG Wealth Partners, LLC primarily operates out of Waukesha, Wisconsin. Offering an array of advisory services, the fee-based financial advisor currently has more than $598 million in assets under management (AUM).
IAG Wealth Partners, LLC Background
Formed in 1985 by founder and firm president Lori A. Watt, IAG is an independent, full-service financial investment group. The firm’s specialties include investment management and financial planning, but IAG may utilize programs sponsored by third-party money managers.
The firm’s team consists of two certified financial planners (CFPs), three chartered retirement planning counselors (CRPC), one certified divorce financial analyst (CDFA) and one certified exit planning counselor (CEPA). One of the firm’s advisors possesses the chartered financial consultant (ChFC), chartered life underwriter (CLU) and certified kingdom advisor (CKA) designations.
IAG Wealth Partners, LLCClient Types and Minimum Account Sizes
IAG mainly serves individuals and high-net-worth individuals, families, corporations, business owners and other business entities. 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, LLC
IAG provides the following advisory services:
- Portfolio management
- Financial planning
- Selection of other advisors
- Educational seminars/workshops
IAG Wealth Partners, LLC Investment Philosophy
IAG’s website says that its mission is to guide clients in making sound wealth decisions throughout their lives. The firm also strives to tailor its advice to each client’s financial goals and lifestyle. In providing securities and brokerage services, IAG relies on LPL Financial, LLC.
Fees Under IAG Wealth Partners, LLC
IAG clients are compensated through 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 charges $1,200, but for ongoing planning, IAG charges on an annual retainer basis. 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. Advisory fees for LPL Financial-sponsored programs range from 1.35% to 2.75%, depending on the program.
IAG Wealth Partners, LLC Awards and Recognition
The firm made the Financial Times’ 2019 FT 300 list. The list recognizes the top 300 independent registered investment advisor (RIA) firms according to AUM, AUM growth rate, compliance record, years in existence, advisor industry credentials and online accessibility.
What to Watch Out For
IAG representatives may recommend securities or insurance, allowing them to earn customary commissions. This creates a conflict of interest if advisors recommend such products solely for personal gain. However, the firm’s fiduciary standard requires its professionals to work in each client’s best interest, but IAG’s fee structure is important to keep in mind.
IAG doesn’t have any disclosures.
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All information was accurate as of the writing of this article.