Fsb Premier Wealth Management, Inc. (Waterloo)


Fsb Premier Wealth Management, Inc. is a large advisory firm based in Waterloo. It manages $144.68 million of regulatory assets for 1,000 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Illinois, Iowa, and Nebraska.

Fsb Premier Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fsb Premier Wealth Management: assets under management

The assets under management (AUM) of Fsb Premier Wealth Management, Inc. is $144.68 million. The firm's AUM has grown by 45% since the beginning of its operation, and $1.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $86.02 million in discretionary accounts and $58.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $369.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.49 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fsb Premier Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ryan J Risetter serves?

The firm provides services to individuals, charitable organizations, and corporations or other businesses. The largest group of clients of Ryan J Risetter is individuals with 845 clients and $140.38 million of assets under management. Among the 10 most similar advisory firms, Fsb Premier Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $144.68 million for 862 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Fsb Premier Wealth Management doesn't advise any private funds.

Careers at Fsb Premier Wealth Management, Inc.

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 10 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.

Ryan J Risetter has been acting as President since 1 Mar 2016. Crystal Kay Weber joined the executive team most recently as the Chief Compliance Officer, Operations Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Fsb Financial Services Inc Holding company, 100 % owner fsb premier wealth management, inc 1 Jan 2009 75% - 100% 42-1154402
Mark Francis Vaughan President, director 1 Feb 2013 Other 714376
Rodney Lawrence Duroe Chairman, director, finop 1 Feb 2013 Other 5622217
Jordan Dean Alborn Vice president, financial advisor 1 Nov 2014 Other 5622169
Ryan J Risetter Director 1 Mar 2016 Other 6205053
Crystal Kay Weber Chief compliance officer, operations manager 1 Jan 2017 Other 6550461

Based in Waterloo

The principal office where Fsb Premier Wealth Management, Inc. performs its advisory services is located at 131 Tower Park Drive Suite 115, Waterloo, IA 50701, which is also the mailing address of the firm. An additional office of the firm is in Waverly, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-235-6561 or by fax 319-291-8626. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fsbfs.com.