Northwest Wealth Management, LLC is a large advisory firm based in Spencer. It manages $476.06 million of regulatory assets for 3,222 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.
Northwest Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Northwest Wealth Management, LLC is $476.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 580% 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 Northwest 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, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jeff Plagge is individuals with 1,584 clients and $233.23 million of assets under management. Among the 7 most similar advisory firms, Northwest Wealth Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $476.06 million for 1,747 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.
Northwest Wealth Management doesn't advise any private funds.
The company employs 26 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jeff Plagge has been acting as President since 1 Jun 2015. Eric Joel Van Der Heide joined the executive team most recently as the President, Chief Operating Officer, Chief Compliance Officer.
The principal office where Northwest Wealth Management, LLC performs its advisory services is located at 705 N. Grand Avenue, Spencer, IA 51301, which is also the mailing address of the firm. An additional office of the firm is in Omaha, NE. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 712-580-4100 or by fax 712-580-4188. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at invest-northwest.com.