Jay Berger
Independent Wealth Management · Traverse City, Michigan
Jay Berger is a fee-only financial advisor at Independent Wealth Management in Traverse City, Michigan, who holds the CFP credential. Jay charges a percentage of assets and hourly fees (1% a year on the first tier of assets managed and a $5,000 asset minimum).
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Who they serve
- Pre-retirees
Facts
| Firm | Independent Wealth Management |
|---|---|
| Based in | Traverse City, Michigan |
| Fee model | Percentage of assets · Hourly |
| Fees (firm's website) | 1% a year on the first tier of assets managed · A $5,000 asset minimum |
| Assets under management | $203.0M across 510 accounts |
| Credentials | CFP |
| SEC registration | Investment adviser representative in FL, MI · CRD 2433529 |
| Exams passed | Series 63 (1993) |
| Firm size | 3 employees |
| Disclosures | None reported |
| Website | www.iwmusa.com |
How Jay's firm compares
- Independent Wealth Management's average account is about $398,000, from its Form ADV (assets managed divided by 510 accounts).
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Questions about Jay
Is Jay Berger a fee-only financial advisor?
Yes, according to SEC records as of October 29, 2026: Jay holds no broker registration, and Independent Wealth Management reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.
How does Jay charge for financial advice?
Jay charges a percentage of assets and hourly fees.
How much does Jay charge?
According to Independent Wealth Management's website, checked October 30, 2026: 1% a year on the first tier of assets managed; a $5,000 asset minimum.
Where is Jay Berger based?
Jay Berger is based in Traverse City, Michigan.
What credentials does Jay Berger hold?
Jay Berger holds the CFP credential.
Is Jay Berger registered with the SEC?
Yes. Jay Berger is registered as an investment adviser representative in FL and MI (CRD 2433529), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.
How much does Independent Wealth Management manage?
Independent Wealth Management reports $203.0M across 510 accounts in assets under management.
How do I contact Jay Berger?
Through Jay's website, www.iwmusa.com.
What these terms mean: fee-only · fiduciary · CFP · CRD number · all terms
Where this information comes from
- SEC adviser records : the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- Independent Wealth Management website : specialties, clients served, and fees, checked October 30, 2026
- SEC Investment Adviser Public Disclosure : registration, exams, and the firm's Form ADV, data as of October 29, 2026
- Directory listing last checked October 30, 2026.
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