Iht Wealth Management LLC
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Learn more about Iht Wealth Management LLC
Iht Wealth Management LLC operates as a financial advisory firm based in Chicago, Illinois. The company has $4.4 billion in total assets across 18,644 accounts, making it one of the biggest firms in the nation by assets under management (AUM). It has a large group, including 139 financial advisors. Iht Wealth Management LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments like bonds, options and equities.
Iht Wealth Management LLC manages most of the company's accounts on a discretionary basis. Discretionary management is a structure in which transaction judgments are made by a portfolio manager without needing client approval. Iht Wealth Management LLC also oversees 193 non-discretionary accounts totaling $365.7 million in AUM. The advisory firm oversees about $234,583 for each customer account. The average advisor at Iht Wealth Management LLC manages about 134 client accounts.
The company's central office is at 123 N. Wacker Dr., Chicago, Illinois 60606. Iht Wealth Management LLC is allowed to serve customers throughout 34 U.S. states and territories.
Assets Under Management
Number of Advisors
Iht Wealth Management LLC by the Numbers
Products and Services
Iht Wealth Management LLC provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the prior fiscal year, the firm provided 251-500 of its customers with financial planning services. The company does not sell products or offer services apart from investment advisory services to its investment advisory clients. Iht Wealth Management LLC also has a number of financial industry affiliations, including with a broker-dealer or securities dealer.
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
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.
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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This is the hosting of seminars or workshops to educate investors on financial concepts.
A financial advisor's fees largely vary depending on which services the firm provides the client. Fees billed by the company likely consist of the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Iht Wealth Management LLC.
Offered by 69% of firms
Percentage of AssetsShow 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
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 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.
Offered by 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 1% of firms that offer this fee type
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
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
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.
Types of Clients
Iht Wealth Management LLC manages money for a broad range of clients. The company provides services to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 18,644 accounts, Iht Wealth Management LLC's largest client type by number of accounts is retail investors, though it also caters to 402 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management 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 accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 2.16%
- Other Individuals - 87.12%
- Corporations - 10.45%
- Charitable Organizations - 0.27%
* 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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Iht Wealth Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Iht Wealth Management LLC
New York, NY
Overland Park, KS
San Antonio, TX
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