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IAM Financial

Updated today

Client assets under management

$40,578,594

Clients

23

74% high-net-worth

Advisors

1

of 1 employees

Firm type

Independent

1 advisor with up to 2 employees

Clients per advisor

23

Typical

Average account size

$1,764,287

About

IAM Financial, LLC is an independent advisory firm that provides financial planning and wealth management primarily to individuals, high‑net‑worth individuals, and trusts, managing roughly $40.6 million across 23 non‑discretionary accounts. Services described in the brochure include comprehensive financial and investment planning, portfolio construction and monitoring, tax analysis, and—when agreed—preparation of clients’ 1040 tax returns, along with regular client communications and educational materials.

The firm’s investment approach emphasizes a holistic integration of tax, investment, and estate considerations, using low‑cost exchange‑traded funds and no‑load mutual funds within asset allocation frameworks informed by modern portfolio theory and a long‑term orientation with an allocation tilt that may emphasize small‑cap exposure. Consistent with the brochure, IAM Financial generally operates in a non‑discretionary model: trades and rebalancings are proposed and executed only after client approval, with quarterly monitoring and at least two scheduled review meetings per year.

What is distinctive about IAM Financial compared with many peers is the combination of a sole owner who is both a CFP® and an IRS Enrolled Agent—allowing the adviser to provide tax representation and tax return preparation alongside investment advice—and the firm’s regular periodicals and digital content (a complimentary quarterly newsletter, blog, and micro‑blog). The firm also leverages an institutional custodian model marketplace and reporting tools while maintaining policies against commission‑based compensation and combining personalized service features such as same‑day callbacks and a 24‑hour financial emergency response.

Client services

Financial planning Portfolio management Newsletters or periodicals

Expertise

General retirement planning Social Security optimization General tax planning Cash flow / budgeting Wealth management

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Fee options

Fixed

Financial Planning fees generally range from $900 to $7,500, fixed quoted fee agreed upon in advance

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $10,000,000: 0.50% $10,000,001+: 0.25%

Project-based

$450 per hour for financial planning work cancelled before completion

Other

Account minimum: $1,000,000 (Wealth Management service) with minimum annual fee applying below $2,000,000 assets Minimum fee: $10,000 minimum annual fee for Wealth Management ($2,500 billed quarterly)

Main office location

IAM Financial

East Lansing MI, United States

Number of offices

3

Most active in

Michigan

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

Rich F

CFP®, EA

East Lansing, MI

IAM Financial

Work history In December of 2007 Rich created IAM Financial to serve clients seeking objective, affordable, independent advice. Prior to this, Mr. Feight was an investment advisor representative of Creative Financial Design, where he was responsible for the selection of securities used in, and management of, asset allocation portfolios for numerous client accounts. His career began as a registered representative of Vestax Securities Corp. where he was a fee-based advisor. Rich was also licensed in the state of Michigan with Jackson National Life to advise and sell life insurance. Education Rich is a graduate of Michigan State University where he received a degree in Finance. Rich earned the Certificate of Financial Planning from The College for Financial Planning in Denver, Colorado that was comprised of intense graduate-level classes grounding him in the various foundations of financial planning. He is a CFP® (Certified Financial Planner®) since 2001, meeting the experience, education requirements and passing the two-day, 10-hour exam, making him one of the few in the country who hold the designation. Rich became an Enrolled Agent (EA) with the Internal Revenue Service in January 2011. An EA is a federally-authorized tax practitioner with technical expertise in the field of taxation. EAs are empowered by the Department of Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals. Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS. Since 2004, Rich has subscribed to the stringent and mandatory annual educational hours, experience, and code of ethics to meet the requirements to be a NAPFA Registered Financial Advisor. Out of the 800,000 individuals in the country who claim they are financial advisors/planners, fewer than 5,000 in the country qualify for the membership; Rich is one of them. Rich is also a member of the National Association of Tax Professionals, Tax Professionals.com and the Greater Lansing Estate Planning Counsel. Volunteering Rich served on the National Board of the National Association of Personal Financial Advisors as membership director. He served on the Small Business Association of Michigan's Strategic Communications Committee and is a past President and Chairman of the Board of the Financial Planning Association (FPA) of Michigan, one of the largest and most influential of the FPA chapters in the country. Rich is also a past President for Transportation Toastmasters Club 4776 downtown Lansing where he enjoyed enhancing his speaking skills.

Business ownership considerations Business exit / sale strategy Established Professionals FIRE (Financial Independence Retire Early) Gen X (Born 1965-1980)
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