Independent Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Independent Wealth Management is a two‑advisor registered investment adviser that manages just over $200 million for individual clients, including high‑net‑worth households, and for retirement plan sponsors; like many peers it provides ongoing portfolio management and charges asset‑based advisory fees. The firm also offers standalone financial planning, consultation, and combined wealth management programs designed to integrate planning and asset management.
The firm employs both fundamental and technical analysis and implements discretionary and non‑discretionary strategies across long‑ and short‑term holdings. It commonly uses third‑party sub‑advisors through platform programs (including Fidelity AMP and Betterment), maintains the ability to create proprietary model portfolios, and has recently developed processes for the limited use of AI‑enabled tools in research and planning while preserving human oversight and review of model outputs.
Distinctive features include a relatively small adviser team overseeing institutional‑scale assets and a documented capacity to serve as an ERISA fiduciary and 3(38) investment manager for retirement plans, including QDIA and model‑portfolio management. The brochure also discloses operational practices that may matter to clients — managed accounts are required to be custodied on Fidelity’s institutional platform, one service tier requires electronic‑only communications, the firm provides a professional‑services credit and a modest travel offset, and an owner maintains an advisory relationship with an unaffiliated advisory firm (noted as a potential conflict of interest).
Client services
Expertise
Fee options
$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.60% $2,000,001 - $3,000,000: 0.50% $3,000,001+: 0.40%
Certified Financial Planner hourly rate $175 - $350 per hour; $40 administrative fee per hour for financial planning; $175 per hour for limited consultations; $40 to $70 administrative fee per hour for consultations
Minimum fee: $5,000 per year minimum for Wealth Management Premier; $750 annual minimum for Wealth Management Essentials
Main office
236 1/2 E. Front St
Traverse City MI 49684
Advisors at this office
3
Most active in
Florida · Michigan · Texas
Also doing business as
Fisher, Stephen Michael · Independent Wealth Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Stephen F
CFP®, Series 63
Traverse City, MI
Independent Wealth Management, LLC
Stephen Fisher is a CFP® with 15 years of industry experience, currently serving as an advisor at Independent Wealth Management, LLC in Traverse City, MI. He has been with the firm since 1998. Outside of his advisory role, he is treasurer of F-11, Inc., a small printing company, and secretary of the William A. Fisher, II Family Foundation, a private nonprofit organization. Independent Wealth Management, LLC provides investment advisory and financial planning services to individuals, retirement plan sponsors, trusts, estates, and other entities. The firm offers a range of portfolio management and retirement plan consulting services, utilizing both fundamental and technical analysis and employing discretionary and non-discretionary management strategies.
Jay B
CFP®, Series 63
Traverse City, MI
Independent Wealth Management, LLC
Jay Berger is a CFP® with 16 years of industry experience and serves as an advisor and partner at Independent Wealth Management, LLC. He has been with Independent Wealth Management since 2008 and is also an Investment Adviser Representative with Rehmann Financial. Independent Wealth Management is a two-advisor firm managing over $200 million for individual clients, high-net-worth households, and retirement plan sponsors. The firm offers portfolio management, standalone financial planning, and combined wealth management programs, utilizing both fundamental and technical analysis along with discretionary and non-discretionary strategies.
Scott H
CFP®, Series 63
Traverse City, MI
Independent Wealth Management, LLC
Scott Hackney is a CFP® with 26 years of industry experience. He has been with Independent Wealth Management, LLC since 2009 and also operates Hackney Financial Services, LLC, which he has been involved with since 1997. Independent Wealth Management, LLC serves individuals, including high-net-worth clients, retirement plan sponsors, trusts, and estates, offering comprehensive financial planning and portfolio management. The firm employs a combination of fundamental and technical analysis, utilizes both discretionary and non-discretionary management strategies, and provides fiduciary consulting and plan management services for retirement plans.
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