Independent Solutions Wealth Management, LLC is a large advisory firm based in Williamsville. It manages $357.5 million of regulatory assets for 2,859 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 18 other states.
Independent Solutions Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Independent Solutions Wealth Management, LLC is $357.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1293% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Independent Solutions Wealth Management, LLC 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Independent Solutions Wealth Management is individuals with 2,106 clients and $275.51 million of assets under management. Among the 8 most similar advisory firms, Independent Solutions Wealth Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $357.5 million for 2,170 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 Solutions Wealth Management doesn't advise any private funds.
The company employs 26 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 22 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.
Harvey Neiman has served as the Chief Investment Officer since 1 Sep 2011. Daniel David Neiman joined the executive team most recently as the Managing Member/Chief Financial Officer.
The principal office where Independent Solutions Wealth Management, LLC performs its advisory services is located at 305 Spindrift Drive, Williamsville, NY 14221, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 716-568-8566 or by fax 716-633-1333. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at iswealthmanagement.com.