Firm
Independent Wealth Management
Traverse City, Michigan
Fee-only
Independent Wealth Management at a glance
- One of 237 fee-only firms based in Michigan in the Wellspent graph.
- 3 advisors are listed here; all hold the CFP.
- Its Form ADV reports 3 employees and 176 individual clients, 61 of them high net worth.
- Its average account is about $398,000 (assets it manages divided by its 510 accounts).
Fee-only advisors in Michigan · What fee-only advisors charge in Michigan
Facts
| Based in | Traverse City, Michigan |
|---|---|
| Website | iwmusa.com |
| [email protected] | |
| Phone | (231) 929-1086 |
Independent Wealth Management fees
What the firm's own website says it charges, checked October 30, 2026. We keep a price only when the exact words stating it appear on the page.
| Asset-based fee | 1% a year on the first tier of assets |
|---|---|
| Account minimum | $5,000 |
| How it charges | Percentage of assets · Hourly |
In the firm's words
"First $1 million 1.00%" source
"Minimum Account Size - $5,000" source
"Additional planning is available from a Certified Financial Planner™ practitioner at an hourly rate" source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly · Fixed fees |
|---|---|
| Assets managed | $203 million |
| Individual clients | 115 |
| High-net-worth clients | 61 |
| Accounts managed | 510 |
| Employees | 3 |
| Planning clients | 101-250 |
| Registered with | The SEC (801-120528) |
| Financial planning | Offered |
| Form ADV filed | May 21, 2026 |
| SEC record | CRD 124242 |