IPI Wealth Management, Inc. (IPI Wealth) is a fee-based advisory firm serving an array of individual and institutional clients. Headquartered in Decatur, Illinois, the financial advisor serves more than 5,100 clients, while managing nearly $1.2 billion in assets under management (AUM). IPI Wealth currently has about 79 advisors.
IPI Wealth Management, Inc. Background
Founded in 1996 by principal owner David Koshinski, IPI Wealth mainly offers investment advisory services, while its affiliated broker-dealer, Investment Planners, Inc. (IPI), provides securities and brokerage services. Koshinski is the CEO of both IPI Wealth and IPI.
IPI Wealth Management, Inc. Client Types and Minimum Account Sizes
IPI Wealth doesn’t impose a minimum account size for its clients, which include individuals and high-net-worth individuals, businesses, pension and profit sharing plans, 401(k) plans, trusts, estates and not-for-profit organizations.
Services Offered by IPI Wealth Management, Inc.
IPI offers the following advisory services:
- Portfolio management
- Financial planning
- Selection of other advisors
- Educational seminars/workshops
IPI Wealth Management, Inc. Investment Philosophy
IPI Wealth utilizes fundamental analysis to evaluate a security based on the well being of a company or financial entity. When analyzing a company’s value and stock price movement, the firm uses technical analysis. In offering investment advice, advisors employ one or more of the following investment strategies: long- and short-term purchases, margin transactions and option writing.
IPI Wealth also utilizes strategic asset allocation, and advisors normally invest in individual stocks and bonds, mutual funds, exchange-traded funds (ETFs), municipal securities and options contracts.
Fees Under IPI Wealth Management, Inc.
IPI Wealth is primarily compensated through asset-based fees, hourly charges and fixed fees. The firm’s advisory fees are generally paid monthly or quarterly in advance or arrears. For private portfolio, dual contract sub-advisory, model portfolio advisor and marketing and sales services, IPI Wealth receives asset-based fees. The firm charges clients in wrap fee programs a single all-inclusive fee.
Financial planning fees range from $150 to $250 on an hourly basis, but fixed fee arrangements can span from $750 to $5,000. For retirement plans, fees are generally negotiable. In some situations, advisors recommend clients use third party asset management program (TAMP) services, and these services typically include IPI Wealth's fees as well as the third party’s fees. Other expenses clients incur include brokerage commissions, transaction fees, ticket charges, manager fees, custodial fees, deferred sales charges, transfer taxes and other related costs.
Below, we’ve listed the fee schedules for private portfolio services and dual contract sub-advisory services.
|Amount of assets||Management fee|
|$ 0 - $250,000||2.0%|
|$ 250,001 to $500,000||1.5%|
|$ 500,001 to $1,000,000||1.25%|
|$1,000,001 to $3,000,000||1.00%|
|$3,000,001 and above||0.75%|
Dual Contract Sub-advisory:
|Amount of assets||Management fee|
|Up to $25 Million||50-75 basis points (bps)|
|$25 Million to $250 Million||40-50 basis points (bps)|
|$250 Million +||25-40 basis points (bps)|
IPI Wealth Management, Inc. Awards and Recognition
In 2008, IPI Wealth was named one of the Top 10 Fastest Growing Firms by Financial Advisory Magazine. The firm was also named to the Financial Times’ Top 300 Financial Advisors list in 2014, and it made the Financial Times’ Top 300 Registered Investment Advisors list in 2015. The list recognizes firms according to AUM, compliance record, asset growth, years in existence, credentials and accessibility.
What to Watch Out For
IPI Wealth individual advisor representatives (IARs) may earn commissions or additional compensation from recommending certain investment or insurance products and services. This can create a conflict of interest if advisors prioritize such products and/or services over client needs. While the firm has a fiduciary obligation to work in each client’s best interest, this is still important to consider.
This firm doesn’t have any disclosures listed on its Form ADV.
Opening an Account With IPI Wealth Management, Inc.
IPI offers several options for getting in touch. You can email the firm by filling out its contact form, visit its principal office or set up an appointment by calling IPI at (217) 425-6340.
Tips for Investing
- Just as it helps to identify risk tolerance, investment objectives and time horizons in investing, it’s equally important to make sure you’ve incorporated a diverse mix of assets into your investment portfolio. Strategic asset allocation can greatly increase your chances of successful returns. Our asset allocation calculator can help.
- Interested in working with a financial advisor but not sure where to begin looking? Our free financial advisor matching service pairs you with up to three local advisors suitable to your needs.
All information was accurate as of the writing of this article.