Iwp Wealth Management LLC (Denver)

Iwp Wealth Management LLC is a large advisory firm based in Denver. It manages $1.99 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California and Colorado.

Iwp Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Iwp Wealth Management: assets under management

The assets under management (AUM) of Iwp Wealth Management LLC is $1.99 billion. The firm's AUM has grown by 19827% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $211.53 million in discretionary accounts and $1.78 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $55.66 million.

Iwp Wealth Management has custody of $178.78 million in cash and securities for 35 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 29% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iwp Wealth Management LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Iwp Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Iwp Wealth Management is high net worth individuals with 31 clients and $1.92 billion of assets under management. Among the 9 most similar advisory firms, Iwp Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.99 billion for 45 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.

Iwp Wealth Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $30,000 for each fund.

Careers at Iwp Wealth Management LLC

The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 9 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.

Iwp Wealth Management LLC is owned by Louis Edward Willhoit. Kenneth John O'brien joined the executive team most recently as the Principal.

Direct owners and executive officers

Based in Denver

The principal office where Iwp Wealth Management LLC performs its advisory services is located at 2719 E. 3 Rd Avenue, Denver, CO 80206 The mailing address of the firm is P.O. Box 61020, Denver, CO 80206. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 720-328-9700 or by fax 303-800-9114. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at iwpwealth.com.

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