Ifb Wealth Management LLC

CRD#299318
Investment Advisor Firm

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Overview

Ifb Wealth Management LLC operates as a financial advisor company that has its headquarters in Miami, Florida. The company manages $135.8 million in assets across 77 client accounts, placing it in the mid-tier of investment advisory firms in the nation by assets under management (AUM). The company has a small group, including 5 financial advisors. Ifb Wealth Management LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as options, bonds and equities.

Ifb Wealth Management LLC manages more than half of the company's accounts in a discretionary manner. Discretionary management signifies that an investment advisor makes buy and sell choices for the client's account without needing the customer's authorization. The firm also oversees 34 non-discretionary accounts with a total of $115.6 million in assets. The investment advisory firm supervises about $1.8 million for each client account. The average advisor at Ifb Wealth Management LLC manages about 15 client accounts, placing it among the more personalized advisor firms in the country.

The company's main office is at 777 Sw 37Th Avenue, Miami, Florida 33135. Ifb Wealth Management LLC is permitted to serve customers in the state of Florida.

Assets Under Management

$135.8 million

Number of Advisors

5

Disclosures

No

Office Location

777 Sw 37Th Avenue
Miami, FL 33135

Ifb Wealth Management LLC by the Numbers

Total Assets Under Management

$135.8 million

National Average: $8.6 billion
Total Number of Employees

6

National Average: 64
Total Number of Accounts

77

National Average: 375,227
Average Account Size

$1.8 million

National Average: $23.0 thousand
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Products and Services

Financial services that Ifb Wealth Management LLC provides include portfolio management for individuals and small businesses and selection of other advisers. However, the company did not provide any of its customers with financial planning services in the prior fiscal year. It does sell products or offer services apart from investment advisory services to its clients. Ifb Wealth Management LLC also has a number of financial industry affiliations, including with a banking or thrift institution and insurance company or agency.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial advisory fees typically vary depending on which services the firm provides the client. Fees billed by Ifb Wealth Management LLC may include the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Ifb Wealth Management LLC.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

The firm caters to retail investors, high net worth investors and corporations. Out of its 77 customers, Ifb Wealth Management LLC's largest client by number of accounts is retail investors, although it also serves 12 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 21% of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 19.35%
  • Other Individuals - 56.45%
  • Corporations - 24.19%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Ifb Wealth Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Ifb Wealth Management LLC

Jordy Ruiz
Miami, FL
Brian Betancurth
Miami, FL
Charles Skipper
Miami, FL

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