Northwest Wealth Management

Retirement Planning Firm in Ames, IA

Firm Info
Address: 100 S 16th St, Ames, IA 50010, USA
Phone: (515) 598-1350

Firm Size
Assets Under Management: $648.1 million
# of Advisors: 17
# of Clients: 3,338
Client to Advisor Ratio: 196:1
Average Account Size: $194,145
# of Offices: 1

Services Offered
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Pension Consulting Services
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)

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Northwest Wealth Management, LLC Overview

Northwest Wealth Management, LLC is a fee-based registered investment advisory firm headquartered in Spencer, IA. The firm has been in business since 2011 and offers a variety of services including portfolio management for both individuals and small businesses, as well as businesses or institutional clients. In addition to portfolio management, they also offer pension consulting services. One of the unique aspects of this firm is that they are also an insurance broker/agent, allowing them to provide investment advice while also being able to offer insurance products to their clients. This dual role allows clients to have a more comprehensive understanding of their financial wellness and can help them plan for any unexpected events. Northwest Wealth Management, LLC also provides selection of other advisors. This means that if the firm is not able to fully address a client's needs, they have the capability to connect them with other professionals in the industry who can supplement their services. Overall, this firm provides clients with a range of financial services and works to create customized solutions that align with their specific goals and needs.

NORTHWEST WEALTH MANAGEMENT, LLC caters to a diverse group of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other types of corporations not explicitly listed. Regardless of whether a client primarily seeks investment advice, retirement planning, or wealth management, NORTHWEST WEALTH MANAGEMENT, LLC prides itself on providing tailored solutions to each unique individual or organization. In terms of fee structures, NORTHWEST WEALTH MANAGEMENT, LLC offers both percentage of assets under management (AUM) fees and fixed fees depending on the service provided. AUM fees are based on a percentage of the total amount a client has invested with the firm, while fixed fees are predetermined charges for specific services. These fee structures allow clients to select a fee option that best suits their individual needs and preferences. For instance, a client with a significant amount of assets under management may opt for a percentage of AUM fee, while a client looking for a specific service may find a fixed fee more cost-effective. Overall, the fee structures provided by NORTHWEST WEALTH MANAGEMENT, LLC are designed to provide clients with maximum flexibility, transparency, and value.

Typical Clients, Fee Structures & Investment Minimum

According to the Part 2 Brochure of Northwest Wealth Management, LLC, there is no mention of an investment minimum. Therefore, it can be assumed that the firm does not have an investment minimum requirement.

How This Office Can Help Ames, IA Residents

Northwest Wealth Management serves clients in Ames, IA by providing comprehensive financial planning services. They help clients identify their financial goals and develop personalized strategies to achieve them. This may include saving for retirement, college education funding for children, estate planning, tax planning, or managing investment portfolios. Living in Ames, IA, clients may face unique financial situations such as the need to save for college expenses associated with Iowa State University, which is located in the city. Additionally, residents may face potential risks associated with severe weather events that could threaten property or home. Northwest Wealth Management can help individuals prepare for these specific types of events, by offering comprehensive financial planning services. The team at Northwest Wealth Management builds lasting relationships with their clients, providing ongoing guidance and support to help them achieve their financial goals.

To view the Minimum Investment and Fee Schedule for Northwest Wealth Management, LLC, visit their Part 2 Brochure.

Services Offered by Northwest Wealth Management, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Northwest Wealth Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 100 S 16th St, Ames, IA 50010, USA
Phone (515) 598-1350
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 1607 W. 18TH STREET, SPENCER, IA 51301, United States

This firm has no other locations.

State Registrations

Northwest Wealth Management, LLC is registered to service clients in the following states:

  • Arizona
  • California
  • Colorado
  • Florida
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisiana
  • Minnesota
  • Missouri
  • Nebraska
  • Oregon
  • South Dakota
  • Texas
  • Wisconsin

Disciplinary History

Northwest Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.