Iron Horse Wealth Management, LLC (Johnston)

Name: Iron Horse Wealth Management, LLC
Address: 8711 Windsor Parkway, Johnston, IA, 50131
Telephone: 515-779-6250

Iron Horse Wealth Management, LLC is a large advisory firm based in Johnston. It manages $132.24 million of regulatory assets for 1,591 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Illinois, Iowa, and 3 other states.

Iron Horse Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Iron Horse Wealth Management: assets under management

The assets under management (AUM) of Iron Horse Wealth Management, LLC is $132.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $83.12 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is investment and business development companies, which make up 26% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iron Horse Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Iron Horse Wealth Management serves?

The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Iron Horse Wealth Management is individuals with 673 clients and $94.13 million of assets under management. Among the 11 most similar advisory firms, Iron Horse Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $131.94 million for 721 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.

Iron Horse Wealth Management doesn't advise any private funds.

Careers at Iron Horse Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Dennis Lee Markway	Managing member, chief compliance officer	1 Aug 2012	75% - 100%	4373615

Based in Johnston

The principal office where Iron Horse Wealth Management, LLC performs its advisory services is located at 8711 Windsor Parkway, Johnston, IA 50131, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-779-6250. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at ironhorsewm.com.