AdvisorCensus / Financial advisors / Michigan / Traverse City / Independent Wealth Management, LLC
Independent Wealth Management, LLC is an SEC-registered investment advisory firm in Traverse City, MI, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 21, 2026.
Quick answers
From the filingHow is Independent Wealth Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Independent Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.
What does Independent Wealth Management, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated May 21, 2026 states: Up to $1,000,000: 1% a year; $1,000,000 to $2,000,000: 0.6% a year; $2,000,000 to $3,000,000: 0.5% a year; Above $3,000,000: 0.4% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Independent Wealth Management, LLC located?
Independent Wealth Management, LLC's principal office is in Traverse City, MI, according to its Form ADV.
Is Independent Wealth Management, LLC registered with the SEC or a state?
Independent Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 124242.
How much does Independent Wealth Management, LLC manage?
Independent Wealth Management, LLC reports $203,006,142 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (90% discretionary).
How have Independent Wealth Management, LLC's assets and staff changed since 2021?
In the Form ADV data for Independent Wealth Management, LLC: Regulatory assets under management: $123,951,189 in the October 2021 data and $203,006,142 in the October 2026 data, up 64%. Total employees: 5 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Independent Wealth Management, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (115); high net worth individuals (61).
Which custodians does Independent Wealth Management, LLC use?
Independent Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Independent Wealth Management, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124242
What changed in Independent Wealth Management, LLC's recent Form ADV filings?
In the February 2026 filing data: Regulatory assets under management went from $175,368,687 to $203,006,142 (+16%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $1,000,000 | 1% |
| $1,000,000 to $2,000,000 | 0.6% |
| $2,000,000 to $3,000,000 | 0.5% |
| Above $3,000,000 | 0.4% |
The brochure's wording
Fees for wealth management services are charged as a percentage of the market value of the managed assets. The annual fee is prorated and charged quarterly in advance based on the market value of the assets on the last day of the previous quarter, as follows: Portfolio Value Annual Fee First $1,000,000 1.00% Next $1,000,000 0.60% Next $1,000,000 0.50% Above $3,000,000 0.40%
As stated in the firm's Form ADV Part 2A brochure dated May 21, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$203,006,142 as of October 2026, filing dated May 21, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 3. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $203,006,142 | 3 | May 21, 2026 |
| October 2025 | $175,368,687 | 5 | January 29, 2025 |
| October 2024 | $161,682,179 | 5 | September 5, 2024 |
| October 2023 | $139,188,444 | 5 | January 16, 2023 |
| October 2022 | $153,095,522 | 5 | January 25, 2022 |
| October 2021 | $123,951,189 | 5 | May 14, 2021 |
Regulatory assets under management: $123,951,189 in the October 2021 data and $203,006,142 in the October 2026 data, up 64%.
Total employees: 5 in October 2021 and 3 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- February 2026
- Regulatory assets under management went from $175,368,687 to $203,006,142 (+16%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Independent Wealth Management, LLC (CRD 124242): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/independent-wealth-management-llc-traverse-city-mi-124242