Iag Wealth Partners, LLC (Waukesha)

Name: Iag Wealth Partners, LLC
Address: N19 W24200 Riverwood Drive, Waukesha, WI, 53188
Telephone: 262/446-8150

Iag Wealth Partners, LLC is a large advisory firm based in Waukesha. It manages $598.27 million of regulatory assets for 3,347 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.

Iag Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Iag Wealth Partners: assets under management

The assets under management (AUM) of Iag Wealth Partners, LLC is $598.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $598.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $178.75 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iag Wealth Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Iag Wealth Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Iag Wealth Partners is individuals with 1,295 clients and $369.47 million of assets under management. Among the 6 most similar advisory firms, Iag Wealth Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $594.63 million for 1,436 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Iag Wealth Partners doesn't advise any private funds.

Careers at Iag Wealth Partners, LLC

The company employs 15 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lori Ann Watt	President and treasurer	1 Jan 1988	50% - 75%	1384309
Susan Christine Kuhlenbeck	Vice president, secretary, chief compliance officer	1 Mar 2002	Other	2059067
Scott David Heins	Member	1 Jan 2018	Other	4000196
Christopher William Mitchell	Member	1 Jan 2018	Other	4238153

Based in Waukesha

The principal office where Iag Wealth Partners, LLC performs its advisory services is located at N19 W24200 Riverwood Drive, Waukesha, WI 53188, which is also the mailing address of the firm. An additional office of the firm is in Janesville, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 262/446-8150 or by fax 262/446-8135. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at iagwealthpartners.com.