Independent Wealth Network, Inc. (Urbandale)

Name: Independent Wealth Network, Inc.
Address: 2763 86 Th Street, Urbandale, IA, 50322
Telephone: 515-255-3354

Independent Wealth Network, Inc. is a large advisory firm based in Urbandale. It manages $148.49 million of regulatory assets for 1,491 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 31 other states.

Independent Wealth Network provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Independent Wealth Network: assets under management

The assets under management (AUM) of Independent Wealth Network, Inc. is $148.49 million. The firm's AUM has grown by 1385% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107.67 million in discretionary accounts and $40.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $97.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $106.86 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Independent Wealth Network, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Independent Wealth Network serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Independent Wealth Network is individuals with 707 clients and $90.1 million of assets under management. Among the 11 most similar advisory firms, Independent Wealth Network has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $148.49 million for 784 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.

Independent Wealth Network doesn't advise any private funds.

Careers at Independent Wealth Network, Inc.

The company employs 20 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 20 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
Deborah Sue Jackson	Owner and cco	1 Apr 2017	75% - 100%	878495
Arthur Lawrence Dinkin	President & cco	1 Aug 2017	50% - 75%	2096185
Jeffrey Lawrence Zupancic	Ceo	1 Aug 2017	50% - 75%	2465727
Andrew Gregory Endelman	Operations manager	1 Dec 2018	Other	6248004

Based in Urbandale

The principal office where Independent Wealth Network, Inc. performs its advisory services is located at 2763 86 Th Street, Urbandale, IA 50322, which is also the mailing address of the firm. An additional office of the firm is in Sioux City, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-255-3354 or by fax 515-499-9050. The normal business hours are 8am - 4pm on Monday - Friday. You can find more information about the New York firm at indwealth.net.