Integrated Wealth Concepts, also known as Integrated Partners, is a financial advisor firm with almost $3.5 billion assets under management. The firm's headquarters are located in in Waltham, Massachusetts, and it has 40 offices nationwide.
Integrated Wealth Concepts Background
Integrated Wealth Concepts was founded in July 2016 and is owned and operated by Paul Saganey, who acts as principal, and John G. Cataldo, who acts as president and chief legal officer.
The practice has 40 offices across the country and 127 certified public accountant (CPA) partners. Several of its senior and management staff hold various professional designations, including chartered leadership fellow (CLF), certified financial planner (CFP), chartered retirement planning counselor (CRPC), certified public accountant (CPA), certified fund specialist (CFS) and certified business exit consultant (CBEC).
Integrated Wealth Concepts Client Types and Minimum Account Sizes
Integrated Wealth Concepts advises the following types of clients:
- High-net-worth individuals
- Retirement plans
Integrated Partners does not generally have a minimum account size, but smaller accounts may be subject to different investment selection and strategies. A third-party asset manager may, in part or in whole, manage clients’ portfolios; in those cases, there may be minimums imposed on the client’s investment strategies.
Services Offered by Integrated Wealth Concepts
Integrated Wealth Concepts offers various services to its clients, including financial planning services. In the way of consultation, it offers financial consulting as well as pension consulting services.
Portfolio management services are available for individuals as well as for small businesses. The firm offers portfolio management services on a discretionary as well as a non-discretionary basis. It offers these services through programs that are both internal as well as in collaboration with third party asset managers, and include wrap fee programs as well.
Integrated Wealth Concepts Investing Philosophy
According to the Integrated Partners website, while no strategy assures success or protects against loss, the firm aims to offer “structure around the more common challenges” that clients face. Its strategy zeroes in on various life situations that clients might encounter and offers strategies that address those particular needs. For example, the Lifetime Income Model™ looks at whether clients have enough to retire and how they can maximize tax efficiency. The Legacy Discussion™ plans for how to distribute a client’s assets once they die and the Integrated 401(k)™ strategy incorporates a client’s 401(k) plan management and design with educational resources to make sure clients have all the resources they need to understand how the money in their account is working for them.
Fees Under Integrated Wealth Concepts
According to information filed by Integrated Wealth Concepts with the SEC, asset based investment advisory fees are paid in advance or arrears, on a quarterly basis. These advisory fees are charged at an annual rate ranging from 0.50% to 2.25% and depend on various factors, including how complex the client services are. Fees are typically based on the market value of assets under management at the end of the prior quarter. Integrated does not maintain a static fee schedule, meaning that all advisory fees are customized to the individual needs of the client and the advisor.
Financial planning fees are invoiced up to 50% upon execution of the financial planning agreement, with the balance due when it is complete. Planning fees may be included with overall investment advisory fees.
Integrated Partners’ fees are exclusive of brokerage commissions, transaction fees, markups, markdowns, and other related costs and expenses which the client will have to pay. Integrated does not receive any part of third party fees.
Additionally, the firm offers Destination Portfolios®, a wrap fee program, meaning that it covers various services and is managed on a discretionary and non-discretionary basis as well.
Learn more about advisors' typical costs here.
What to Watch Out For
Integrated Partners reported no legal or regulatory action in its latest SEC filings.
One thing to note: Advisors at Integrated Partners may also have a broker-dealer affiliation as registered representatives of LPL Financial, or be independent insurance professionals. In these non-advisor roles, they receive transaction-based fees, which can be a potential conflict of interest. That said, as an SEC-registered investment advisor, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times.
Opening an Account With Integrated Wealth Concepts
To open an account with Integrated Partners, you can visit the firm’s website or call (781) 890-3045.
All information is accurate as of the writing of this article.
Tips for Finding a Financial Advisor
- Interview at least three advisors before choosing one. This ensures that you have enough context about fees and investment strategies to make an informed decision. To find more advisors in your area, use our interactive financial advisor matching tool. It links you with up to three local pros.
- Ask candidates what their median account size is. You don't want to be their smallest client - or you probably won't get the attention you need. Alternately, you don't want to be the largest either. In that case, the advisor may not have the experience, know-how or resources to help your account grow.