Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Other
Iron Financial LLC Overview
IRON FINANCIAL LLC is a registered investment advisory firm that has been providing investment advice since 1994. The firm is headquartered in Northbrook, IL. It is a fee-only firm, which means that it does not receive any commissions or other incentives for recommending particular investments. Instead, it charges its clients a fee for its services. As an investment advisory firm, IRON FINANCIAL LLC provides portfolio management services for individuals and small businesses, as well as for businesses or institutional clients. This includes developing and implementing investment strategies, monitoring client portfolios, and making adjustments as necessary to ensure that their investments are performing as expected. Overall, IRON FINANCIAL LLC is committed to providing its clients with personalized investment advice and management services that are tailored to their specific needs and objectives. The firm's fee-only structure ensures that its clients can trust that their recommendations are not influenced by any outside interests, and its long history and solid reputation are a testament to its commitment to excellence in the investment management industry.
IRON FINANCIAL LLC boasts a diverse clientele, catering to individuals, high net worth individuals, pension or profit sharing plans, and various other corporation types not listed. The firm prides itself on its ability to tailor services to suit the unique needs of each client, offering a wide range of financial services that span the spectrum of investment management, estate planning, taxation, and more. When it comes to fee structures, IRON FINANCIAL LLC offers multiple options depending on the client's needs and the type of service provided. One such fee structure is a percentage of AUM, which is a fee based on the total assets under management, typically ranging between 0.5%-1.5%. This fee structure is often utilized when managing investment portfolios for clients. Additionally, other types of fees, such as flat fees or hourly rates, may apply depending on the scope and complexities of the services required. Moreover, while fees are an important consideration in choosing a financial service provider, IRON FINANCIAL LLC emphasizes transparency and responsiveness in all of its dealings with clients.
Typical Clients, Fee Structures & Investment Minimum
IRON Financial LLC has varying investment minimums depending on the service being utilized. For accounts utilizing traditional fixed income issues, an initial minimum of $300,000 is required. Meanwhile, accounts utilizing fixed income ETF securities require a minimum of $10,000 as an initial investment. IRON Incertus Portfolios account, which utilizes individual stocks to comprise the equity allocation, has an initial minimum requirement of $250,000. For accounts that utilize ETF securities to comprise the equity allocation, the initial minimum is also $10,000. IRON High-Quality Equity Portfolios require an initial minimum investment of $250,000, while the IRON S&P 500 Equity Plus Strategy and IRON REIT Strategy portfolios require an initial minimum of $100,000. Lastly, the IRON Core Plus Portfolios require the lowest initial minimum investment of $10,000. Unless otherwise stated, the minimum portfolio size is $100,000.
How This Office Can Help Highland Park, IL Residents
Leconte Wealth Management assists clients in Maryville, TN by providing customized financial planning, investment management, and retirement solutions. The experienced team at Leconte Wealth Management understands the unique financial situations individuals and families face in Maryville, TN. For example, many residents of Maryville, TN may be dealing with the financial challenges of planning for retirement, including saving for their future while also paying for their children's education or caring for aging parents. Additionally, the team at Leconte Wealth Management understands the impact of unexpected events such as medical emergencies or job loss on an individual's financial wellbeing. That's why they work closely with each client to develop a comprehensive financial plan tailored to their specific needs and goals. They help clients navigate through life's ups and downs, while staying focused on achieving their financial objectives. With their guidance, clients in Maryville, TN can rest assured that they have a trusted partner in achieving their financial goals.
Services Offered by Iron Financial 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 Iron Financial 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)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
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
Other Office Locations
This firm has no other locations.
State Registrations
Iron Financial LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Illinois
- Indiana
- Iowa
- Louisiana
- New Hampshire
- North Carolina
- Texas
Disciplinary History
Iron Financial LLC does not have any disclosures. Please visit it's Form ADV for more details.