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INDEPENDENT WEALTH MANAGEMENT, LLC
CRD 124242File 801-120528
APPROVED
Retail clients
Filing as of May 21, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$203.0M
Below cohort median (national)
Discretionary AUM
$183.7M
Non-discretionary $19.3M
Clients
176
510 accounts
Employees
3
Below cohort median in MI
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Mar 16, 2021
- Principal office
- 236 1/2 E. FRONT ST, TRAVERSE CITY, MI, 49684
- Phone
- 231-929-1086
- Website
- HTTP://WWW.IWMUSA.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $203.0M
- Discretionary AUM
- $183.7M
- Non-discretionary AUM
- $19.3M
- Discretionary accounts
- 503
- Non-discretionary accounts
- 7
- Total accounts
- 510
- AUM per client
- $1.2M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Charitable organizations | Fewer than 5 | $409K |
| High net worth individuals | 61 | $155.3M |
| Individuals (other than high net worth individuals) | 115 | $47.3M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Fixed fees
- Hourly charges
- Other (described) — SOLICITOR FEES FOR ASSETS MANAGED BY OTHER INVESTMENT ADVISORS
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Feb 1, 2026 | Employees | 5 | 3 | decreased by2 |
| Feb 1, 2026 | Clients | 181 | 176 | decreased by5 |
| Feb 1, 2026 | AUM | $175,368,687 | $203,006,142 | increased by$27,637,455 |
| Feb 1, 2026 | Accounts | 506 | 510 | increased by4 |
| May 1, 2025 vs Oct 1, 2022 | Custody | Yes | No | |
| May 1, 2025 vs Oct 1, 2022 | Clients | 173 | 181 | increased by8 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $153,095,522 | $175,368,687 | increased by$22,273,165 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 498 | 506 | increased by8 |
| Feb 1, 2022 | Clients | 163 | 173 | increased by10 |
| Feb 1, 2022 | AUM | $123,951,189 | $153,095,522 | increased by$29,144,333 |
| Feb 1, 2022 | Accounts | 481 | 498 | increased by17 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “INDEPENDENT WEALTH” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“INDEPENDENT WEALTH” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.