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IAG Wealth Partners Review

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IAG Wealth Partners, LLC

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. 

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, 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. 

Disclosures

IAG doesn’t have any disclosures

Tips for Investing

  • 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. 
  • 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!

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

How Many Years $1 Million 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
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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