Independent Wealth Management, LLC logo

Independent Wealth Management, LLC

Updated today

Total assets under management

$203,006,142

Total clients

176

35% high-net worth

Total advisors

2

of 3 employees

Firm size

Supported

1-3 advisors or $200M+ in AUM

Average clients per advisor

88

Average account size

$1,153,444

About

Independent Wealth Management, LLC provides investment advisory and financial planning services to individuals (including high‑net‑worth clients), retirement plan sponsors, trusts, estates and other entities. Its service offerings include comprehensive and modular financial plans, ongoing portfolio management under Wealth Management Premier and Wealth Management Essentials programs, and retirement plan consulting and discretionary fiduciary plan management.

The firm blends fundamental and technical analysis and implements long‑term, short‑term and trading strategies, offering both discretionary and non‑discretionary management and model‑portfolio solutions through third‑party sub‑advisors. For managed accounts it uses sponsored platforms (including Fidelity AMP and Betterment) and generally requires custody at Fidelity Institutional Wealth Services, while retaining responsibility to select and monitor sub‑advisors and model allocations on clients’ behalf.

Noteworthy aspects of the firm given its scale are that it manages roughly $203 million of client assets with a three‑adviser team and about 176 clients, and it provides ERISA fiduciary consulting plus 3(38) fiduciary plan management services for retirement plans. The brochure also discloses several operational and conflict‑of‑interest features that are less common for firms this size — including a professional services credit and modest travel offset for client visits, a requirement that some Essentials clients accept electronic‑only communications, receipt of a portion of sub‑advisor/platform compensation, and a principal who also provides advisory services through an unrelated firm.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

Wealth management Retirement plans for business owners (SEP, solo 401k) Retirement income strategy

Occupation focus

Founder/Business Owner Retired

Fee options

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.60% $2,000,001 - $3,000,000: 0.50% $3,000,001+: 0.40%

Project-based

$40 - $70 per hour for administrative professionals; $70 - $100 per hour for financial planner; $100 - $175 per hour for certified financial planner; $175 - $225 per hour for partner and certified financial planner; plus administrative fees of $40 to $70 per hour

Other

Minimum fee: $1,250 per quarter ($5,000 per year) minimum annual fee for Wealth Management Premier Program; $750 annual fee minimum for Wealth Management Essentials Program Fee-only: Hourly rates ranging from $40 to $225 per hour depending on professional level; plus administrative fees $40 to $70 per hour for financial planning and consultations

Main office location

Independent Wealth Management, LLC

236 1/2 E. Front St

Traverse City MI 49684, United States

Number of offices

1

Most active in

Florida · Michigan · Texas

Disclosures

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

Business activities & affiliations

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