{
  "crd_number": 124242,
  "slug": "independent-wealth-management-llc-traverse-city-mi-124242",
  "primary_business_name": "INDEPENDENT WEALTH MANAGEMENT, LLC",
  "legal_name": "INDEPENDENT WEALTH MANAGEMENT, LLC",
  "dbas": [],
  "city": "Traverse City",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "45900",
  "metro": {
    "cbsa_code": "45900",
    "common_name": "Traverse City",
    "msa_name": "Traverse City, MI",
    "path": "/advisors/mi/traverse-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-03-16",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-05-21",
  "carried_forward": false,
  "raum_total": 203006142.0,
  "raum_discretionary": 183700370.0,
  "raum_non_discretionary": 19305772.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 409242.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 47276006.0,
      "count": 115
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 155320894.0,
      "count": 61
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "MI",
    "TX"
  ],
  "websites": [
    "https://facebook.com/IWMUSA",
    "https://iwmusa.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124242",
  "city_as_filed": "TRAVERSE CITY",
  "url": "https://advisorcensus.com/firm/independent-wealth-management-llc-traverse-city-mi-124242",
  "display_name": "Independent Wealth Management, LLC",
  "summary": "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.",
  "citation": "AdvisorCensus. Independent Wealth Management, LLC (CRD 124242): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Independent Wealth Management, LLC compensated?",
      "a": "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."
    },
    {
      "q": "How much does Independent Wealth Management, LLC charge?",
      "a": "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."
    },
    {
      "q": "Where is Independent Wealth Management, LLC located?",
      "a": "Independent Wealth Management, LLC's principal office is in Traverse City, MI, according to its Form ADV."
    },
    {
      "q": "Is Independent Wealth Management, LLC registered with the SEC or a state?",
      "a": "Independent Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 124242."
    },
    {
      "q": "How much does Independent Wealth Management, LLC manage?",
      "a": "Independent Wealth Management, LLC reports $203,006,142 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (90% discretionary)."
    },
    {
      "q": "How have Independent Wealth Management, LLC's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Independent Wealth Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (115); high net worth individuals (61)."
    },
    {
      "q": "Which custodians does Independent Wealth Management, LLC use?",
      "a": "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."
    },
    {
      "q": "Does Independent Wealth Management, LLC report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Independent Wealth Management, LLC's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $175,368,687 to $203,006,142 (+16%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 123951189.0,
      "total_employees": 5,
      "filing_date": "2021-05-14"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 153095522.0,
      "total_employees": 5,
      "filing_date": "2022-01-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 139188444.0,
      "total_employees": 5,
      "filing_date": "2023-01-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 161682179.0,
      "total_employees": 5,
      "filing_date": "2024-09-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 175368687.0,
      "total_employees": 5,
      "filing_date": "2025-01-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 203006142.0,
      "total_employees": 3,
      "filing_date": "2026-05-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $175,368,687 to $203,006,142 (+16%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 21, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $1,000,000",
        "rate": "1%"
      },
      {
        "band": "$1,000,000 to $2,000,000",
        "rate": "0.6%"
      },
      {
        "band": "$2,000,000 to $3,000,000",
        "rate": "0.5%"
      },
      {
        "band": "Above $3,000,000",
        "rate": "0.4%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "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"
        ],
        "quotes": [
          "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%"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 1000000.0,
          "rate_pct": 1.0
        },
        {
          "min": 1000000.0,
          "max": 2000000.0,
          "rate_pct": 0.6
        },
        {
          "min": 2000000.0,
          "max": 3000000.0,
          "rate_pct": 0.5
        },
        {
          "min": 3000000.0,
          "max": null,
          "rate_pct": 0.4
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "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%"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/independent-wealth-management-llc-traverse-city-mi-124242.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 115,
      "fewer_than_5": false,
      "raum": 47276006.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 61,
      "fewer_than_5": false,
      "raum": 155320894.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 409242.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124242",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}