Integrated Wealth Concepts LLC (Waltham)

Integrated Wealth Concepts LLC is a large advisory firm based in Waltham. It manages $1.35 billion of regulatory assets for 8,767 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, and 14 other states.

Integrated Wealth Concepts provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Integrated Wealth Concepts: assets under management

The assets under management (AUM) of Integrated Wealth Concepts LLC is $1.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 635% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.35 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.35 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Integrated Wealth Concepts LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Integrated Wealth Concepts serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Integrated Wealth Concepts is high net worth individuals with 3,865 clients and $855 million of assets under management. Among the 9 most similar advisory firms, Integrated Wealth Concepts has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.35 billion for 8,746 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Integrated Wealth Concepts doesn't advise any private funds.

Careers at Integrated Wealth Concepts LLC

The company employs 197 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 170 employees are registered as investment adviser representatives with the state securities authorities.

There are 20 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Gennaro Cataldo	Managing member and chief compliance officer	1 Jul 2016	75% - 100%	5707721
Paul Anton Saganey	President and founder	1 Sep 2016	75% - 100%	1596351

Based in Waltham

The principal office where Integrated Wealth Concepts LLC performs its advisory services is located at 300 5 Th Avenue, Waltham, MA 02451, which is also the mailing address of the firm. An additional office of the firm is in Chesapeake, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (781) 890-3045 or by fax 781-890-5624. The normal business hours are 8:30am to 5:00pm on Monday - Friday.