Net Worth Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
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
Expertise
Occupation focus
Fee options
$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%
Commission-based compensation received by representatives for sales of securities and insurance products separate from advisory fees
No minimum charge set for hourly consultations
Account minimum: $100,000 Minimum fee: Minimum annual fee of $500
Main office
315 E San Marnan Dr.
Waterloo IA 50702
Advisors at this office
1
Most active in
Iowa
Also doing business as
M Financial Network Inc · Net Worth Advisors · Networth Advisors
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.
Forms ADV
Quick links
Advisors at this firm
Ross B
Series 63, Series 65, Series 66
Waterloo, IA
Net Worth Advisors
Ross Barbatti is a financial advisor with Net Worth Advisors in Waterloo, IA, holding Series 63, 65, and 66 licenses and bringing 23 years of industry experience. His prior work includes roles at Private Advisor Group, LPL Financial, Advantage Investment Management, and National Planning Corporation. He is also a licensed fixed insurance agent and a notary public. Net Worth Advisors provides investment consulting by assessing clients’ financial information and recommending third-party portfolio managers rather than directly managing investments. The firm conducts due diligence on managers, monitors portfolios, and primarily operates through a consulting and implementation model involving outside managers.
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.
Thomas B
Series 63, Series 65
Waterloo, IA
Net Worth Advisors
Thomas Barbatti is a financial advisor at Net Worth Advisors with 52 years of industry experience. He has held roles at LPL Financial and Advantage Investment Management prior to joining Net Worth Advisors, where he has worked since 1995. Barbatti holds the Series 63 and Series 65 credentials. Net Worth Advisors provides investment consulting by recommending third-party portfolio managers based on clients’ financial information, goals, and risk tolerance. The firm conducts due diligence on recommended managers and focuses on consulting and implementation rather than direct asset management.
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