Ica Group Wealth Management, LLC

CRD#311419
Investment Advisor Firm

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Learn more about Ica Group Wealth Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Ica Group Wealth Management, LLC is a financial advisory firm that has its headquarters in Denver, Colorado. The company oversees $1.0 billion in assets across 5,612 client accounts, placing it among the larger investment advisory firms in the United States by assets under management (AUM). Ica Group Wealth Management, LLC has an average-sized group, including 48 financial advisors. Ica Group Wealth Management, LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as equities, options and bonds.

    Ica Group Wealth Management, LLC administers all of its accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction decisions for the client's account without requiring the client's approval. The investment advisory firm's average account size is $183,328. The average financial advisor at Ica Group Wealth Management, LLC administers around 117 client accounts.

    The company's main office is located at 2000 S. Colorado Blvd,, Denver, Colorado 80222. Ica Group Wealth Management, LLC is legally allowed to provide services to customers across 14 U.S. states and territories.

    Assets Under Management

    $1.0 billion

    Number of Advisors

    48

    Disclosures

    No

    Office Location

    2000 S. Colorado Blvd,
    Denver, CO 80222

    Ica Group Wealth Management, LLC by the Numbers

    Total Assets Under Management

    $1.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    48

    National Average: 64
    Total Number of Accounts

    5,612

    National Average: 375,227
    Average Account Size

    $183.3 thousand

    National Average: $23.0 thousand
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    Products and Services

    Ica Group Wealth Management, LLC provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the prior financial year, Ica Group Wealth Management, LLC provided financial planning services to 1-10 of its customers. Ica Group Wealth Management, LLC does not sell products or offer services aside from investment advisory services to its investment advisory clients. The company is also affiliated with a number of other companies in the financial services industry, including with an insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      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.

    • Find a firm that offers this service

      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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

    Back to Overview

    Fee Structure

    Fees for financial management largely are based on the services provided. However, fee types billed by the firm can include any combination of the following fee types: asset-based, hourly or fixed. Ica Group Wealth Management, LLC participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      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 21% of firms

      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.

    • Offered by 32% of firms

      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.

    Unavailable

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

      Commissions

      Show Explanation

      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 10% of firms that offer this fee type

      Other

      Show Explanation

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

    Back to Overview

    Types of Clients

    Ica Group Wealth Management, LLC does business with a number of different customers. Ica Group Wealth Management, LLC provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 5,612 accounts, Ica Group Wealth Management, LLC's largest client is retail investors, but it also manages money for 1,002 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 25.8%
    • Other Individuals - 72.68%
    • Corporations - 0.82%
    • Charitable Organizations - 0.7%

    * 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

    Ica Group Wealth Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Ica Group Wealth Management, LLC

    Freeman James
    Yoakum, TX
    Nicholas Huss
    Denver, CO
    Amanda Holmes
    Denver, CO
    Paul Gunderson
    Milwaukee, WI
    James Tabb
    Sparta, MI
    Johnathon Eykyn
    Waseca, MN
    Andrew Maynerich
    Virden, IL
    Karla Brown
    Denver, CO
    Jack Dunnigan
    Fort Collins, CO

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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