Russell Kramer
Russell Kramer is a registered investment advisor at Independent Wealth Network, INC., based in Grimes, IA, with 26 years of industry experience. Russell operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Investment Management, Retirement Planning, Tax Planning. Their firm serves 1,365 clients with $420M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Independent Wealth Network (IWN) is compensated with fees based on a percentage of the average daily value of your investments each month. The fees are deducted directly from your account. The exact management fee is negotiated between you and your advisor, but IWN requires a program fee of 0.10% of assets per year and does not allow advisors to charge more than 2.50% of assets per year. For accounts held away at other custodians, the program fee is higher.
Location
Kramer Wealth Advisory, 101 SE 2nd Street, Grimes, IA, 50111
Get directionsHistory
Regulatory History (2)
Regulatory
May 2006Employment Separation After Allegations
June 2005Other Business ActivitiesSells Insurance
Russell writes fixed insurance through Brokers Clearing House and Midland National, dedicating about a quarter of his time to this activity. He also owns Grimes Financial Futures Trading LLC, spending about half his time hedging corn/soybean producers.
Employment History
Current Registrations
Independent Wealth Network, INC.
Previous Registrations
Investment Advisors CORP
Broker Dealer Financial Services CORP.Broker
Ameritas Investment CORP.Broker
Ing Pilgrim Securities, INC.Broker
Wma Securities, INC.Broker
Western Federal GroupBroker
Wma Securities, INC.Broker
State Registrations8 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.