Waukesha-based IAG Wealth Partners, which has a secondary location in Janesville, primarily serves clients whose net worth is less than the high-net-worth threshold. It also serves retirement plans, charitable organizations, corporations and businesses.
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. However, as a fiduciary, the firm is obligated to put the best interests of each client first, at all times. A fee-only firm, by contrast, only receives compensation from clients.
IAG Wealth Partners Background
Formed in 1985 by 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.
Professional designations held by firm advisors include certified financial planner (CFP), chartered retirement planning counselor (CRPC), certified divorce financial analyst (CDFA) and certified exit planning counselor (CEPA).
IAG Wealth Partners Client Types and Minimum Account Sizes
Offering an array of financial advisory services, IAG currently has around $1 billion in client assets under management (AUM). IAG mainly serves individuals with and without a high net worth, families, corporations, business owners, retirement plans and charitable organizations. However, individuals far outnumber any other client type here.
The firm's minimum account size requirements vary based on account type, but they generally range from $1,000 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 its website, the firm states its spiritual commitment: "Out of love for our Lord and Savior and in service to others, we strive to help our clients fulfill their purpose and accomplish their dreams. We believe that faith is the foundation for a lifetime of personal and professional wealth."
IAG 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.
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.
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