Iams Wealth Management, LLC (Elkhorn)

Name: Iams Wealth Management, LLC
Address: 505 North 210 Th Street, Elkhorn, NE, 68022 4609
Telephone: (888)255-7670

Iams Wealth Management, LLC is a multi-state adviser based in Elkhorn. It manages $30.51 million of regulatory assets for 435 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Connecticut, and 24 other states.

Iams Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Iams Wealth Management: assets under management

The assets under management (AUM) of Iams Wealth Management, LLC is $30.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 147% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $30.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.15 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iams Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Iams Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Iams Wealth Management is individuals with 352 clients and $28.65 million of assets under management. Among the 1 most similar advisory firms, Iams Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $30.51 million for 354 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.

Iams Wealth Management doesn't advise any private funds.

Careers at Iams Wealth Management, LLC

The company employs 43 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 40 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
Steven Michael Murray	Managing member	1 Aug 2016	50% - 75%	1969685
Charles Michael Heuring	Managing member	1 Aug 2016	25% - 50%	6735079
Charles Richard Heuring	Chief compliance officer	1 Aug 2016	Other	6735080

Based in Elkhorn

The principal office where Iams Wealth Management, LLC performs its advisory services is located at 505 North 210 Th Street, Elkhorn, NE 68022 4609, which is also the mailing address of the firm. An additional office of the firm is in Lee's Summit, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (888)255-7670 or by fax (402)330-7296. The normal business hours are 8:00 am to 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at iamswm.com.