Net Worth Advisors

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Client assets under management

Clients

0% high-net-worth

Advisors

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Very Low

Average account size

About

Net Worth Advisors provides investment consulting by gathering clients’ financial information, goals, risk tolerance and time horizon and recommending third‑party portfolio managers rather than directly managing underlying investments. The firm uses a percentage‑of‑assets consulting fee model collected through the selected third‑party managers and notes that mutual fund and transaction fees assessed by custodians also apply.

Net Worth conducts due diligence on recommended managers, generally preferring managers with at least a five‑year track record, and supplies clients with each manager’s ADV Part 2 while monitoring model portfolios and asset allocations. The firm accepts discretionary authority to choose third‑party managers, does not take custody of client assets, and relies on custodians to deliver monthly statements and legal notices.

Compared with many peers that directly manage individual or high‑net‑worth accounts, Net Worth’s business model is centered on consulting and implementation through outside managers and on hybrid representatives who also act as LPL-registered brokers and licensed insurance agents (the brochure discloses representatives spend about 50% of their time on those activities). Net Worth also discloses it receives a portion of fees collected by third‑party managers and that it does not vote client proxies, which can affect how implementation and certain conflicts of interest are handled relative to other firms.

Client services

Financial planning Pension consulting Selection of other advisers Asset allocation consulting

Expertise

Wealth management Retirement plans for business owners (SEP, solo 401k)

Occupation focus

Founder/Business Owner

Fee options

Percentage

$100,000 - $500,000: 1.75% $500,001 - $1,000,000: 1.25% $1,000,001 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.75% $5,000,001+: 0.50%

Commissions

Commission-based compensation received by representatives for sales of securities and insurance products separate from advisory fees

Project-based

No minimum charge set for hourly consultations

Other

Account minimum: $100,000 Minimum fee: Minimum annual fee of $500

Main office location

Net Worth Advisors

315 E San Marnan Dr.

Waterloo IA 50702, United States

Number of offices

Most active in

Iowa

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

LinkedIn Website 319-232-5500

Advisors at this firm

Ross B

Series 63, Series 65, Series 66

Waterloo, IA

Net Worth Advisors

Ross Barbatti is a financial advisor at Net Worth Advisors with 22 years of industry experience. He holds Series 63, 65, and 66 licenses and has worked at Private Advisor Group, LPL Financial, and Advantage Investment Management. Barbatti also serves as a licensed fixed insurance agent and notary public in Waterloo, Iowa. Net Worth Advisors is a two-advisor firm providing investment consulting services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm focuses on recommending third-party portfolio managers based on clients’ goals and risk tolerance rather than direct asset management.

Wealth management Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner

Marilyn Q

CFP®, Series 63

Waterloo, IA

Net Worth Advisors

Marilyn Quinn is a CFP® with 44 years of industry experience, currently affiliated with Net Worth Advisors in Waterloo, IA. She has worked with Private Advisor Group, LLC since 2019 and previously with Advantage Investment Management LLC and LPL Financial. Net Worth Advisors is a two-advisor firm that provides investment consulting services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm focuses on recommending third-party portfolio managers based on clients’ goals and risk tolerance, generally selecting managers with at least five years of experience.

Wealth management Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner

Thomas B

Series 63, Series 65

Waterloo, IA

Net Worth Advisors

Thomas Barbatti is a financial advisor with Net Worth Advisors, holding Series 63 and Series 65 licenses and bringing 52 years of industry experience. He has been with Net Worth Advisors since 1995 and also has roles at LPL Financial and Advantage Investment Management. Net Worth Advisors is a two-advisor firm that provides investment consulting services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm focuses on recommending third-party portfolio managers based on clients’ goals and risk tolerance rather than direct asset management.

Wealth management Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner

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