Integrated Wealth Management is a financial advisory firm based Wilmington, Delaware. The firm is on the small side, with just two financial advisors on staff and around $108 million in assets under management. It serves both individuals and high-net-worth individuals, providing wealth and investment management services to individual investors and their families. Though the firm’s current client roster doesn’t include any non-individual clients, it’s capable of working with pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities.
Integrated Wealth Management Background
Integrated Wealth has been a registered investment advisor since 2007. It is wholly owned by Integrated Wealth Management, LLC, which is wholly owned by Burwell L. Hutchinson III, who is the firm’s managing member.
Hutchison originally founded his own independent advisory firm, BLH Financial Services, in 2004. That firm eventually merged with Ted Fischer to form Fischer and Hutchinson Wealth Advisors. Fischer retired in 2011. In 2013, Fischer and Hutchinson, LLC, united with Pratt Wasko, LLC, to form Integrated Wealth Management.
What Types of Clients Does Integrated Wealth Management Accept?
Individual investors who are looking for a small, boutique financial advisory firm will likely find what they are looking for with Integrated Wealth Management. With just two advisors on staff, investors will know exactly who is making decisions about their money. The lack of an account minimum may also make the firm appealing to younger investors who are starting to manage and grow their wealth. However, the firm’s client base includes both individuals and high-net-worth individuals.
Additionally, Integrated Wealth Management is capable of serving pension plans, profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities.
Integrated Wealth Management Minimum Account Sizes
There is no minimum account size required by Integrated Wealth Management, but there is a minimum annual fee of $6,000. This may make using the firm cost-prohibitive for clients with less than $200,000 in assets. However, the firm may waive the minimum annual fee for some clients based on criteria like anticipated future earnings, related accounts or pro bono activities.
Services Offered by Integrated Wealth Management
These are the basic services offered by the advisors at Integrated Wealth Management:
- Financial goal planning
- Cash flow management
- Debt management
- Risk management
- Asset protection
- Tax planning
- Estate planning
- Tax return preparation
- Investment planning
- Asset management
Integrated Wealth Management Investment Philosophy
Integrated Wealth Management prides itself on being “the personal fiduciary” for its clients. It aims to tailor each investing strategy to the client, taking into account the client’s financial goals and situation. The following investment strategies may be implemented by advisors at Integrated Wealth Management:
- Long term purchases (holding securities for at least a year
- Short term purchases (holding securities for less than a year)
- Options (contract for purchase or sale of a security at a determined time)
Investments the firm commonly uses in client portfolios include mutual funds, exchange-traded funds, real estate investment trusts, individual debts, individual equities, variable annuities and variable life insurance contracts.
Fees Under Integrated Wealth Management
Integrated Wealth Management, unlike many financial advisor firms, does not charge for its advisory services based on a percentage of assets under management. Instead, for investment management and wealth management, there is a minimum flat fee of $10,000. The fee is paid quarterly in advance. This fee structure is new as of 2017. Previously, the firm charged an asset-based fee.
For financial planning or consulting, the firm charges a predetermined fee based on the scope and complexity of the services offered. This fee generally ranges from $3,000 to $35,000.
For retirement plan consulting, the following annual fee schedule applies:
|Portfolio Value||Annual Fee|
|First $1 million||1.00%|
|Next $2 million||0.75%|
|Next $2 million||0.50%|
|Next $5 million||0.40%|
What to Watch Out For
The advisors at Integrated Wealth Management may recommend that clients also use their services as certified public accountants for a fee. This presents a possible conflict of interest, as the advisor would earn more money for these services.
Potential and current clients should also make sure to note the firm’s fees. Most firms charge a percentage of assets under management for advisory services. Integrated Wealth Management, however, charges a minimum flat fee of $10,000. This may make the firm’s services more expensive for lower-level investors.
Lastly, potential clients should also note that Integrated Wealth Management is a small advisory shop, with only two advisors on staff. While not necessarily a drawback depending on your personal preferences, it does mean that you won’t be getting the same level of resources as a large investment advisor that’s connected to a major bank.
Integrated Wealth Management doesn’t have disclosures on its record from the past 10 years.
Opening an Account With Integrated Wealth Management
Potential clients can contact the firm through a form on the company’s website. The form requests basic contact details and provides space to leave a note about why you are contacting Integrated Wealth Management.
Where Is Integrated Wealth Management Located?
The firm is headquartered in Wilmington, Delaware. It has a second office in Rehoboth Beach, Delaware.
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