I AM, Inc. provides financial planning and consulting services, focusing on retirement income planning. IAM refers clients to third-party money managers, Financial Engines Advisors, LLC and GeoWealth Management, LLC, for investment advice and asset management. IAM assists clients in navigating retirement-related aspects, including Social Security, health insurance, and investments. IAM also offers retirement plan consulting services to plan sponsors.
Fee Structure
I AM, Inc. does not directly manage client investments but refers clients to Financial Engines Advisors, LLC and GeoWealth Management, LLC. These third-party managers charge fees based on your portfolio size. I AM, Inc. receives a portion of these fees.
The annual fee schedule for Financial Engines Advisors, LLC accounts is:
- $0 - $150,000: 1.75% (I AM portion: 1.05%)
- $150,000 - $250,000: 1.75% (I AM portion: 1.05%)
- $250,000 - $400,000: 1.75% (I AM portion: 1.05%)
- $400,000 - $500,000: 1.25% (I AM portion: 0.75%)
- $500,000 - $750,000: 1.25% (I AM portion: 0.75%)
- $750,000 - $1 million: 1.00% (I AM portion: 0.50%)
- $1 million - $1.25 million: 0.75% (I AM portion: 0.40%)
- $1.25 million - $3 million: 0.75% (I AM portion: 0.35%)
- $3 million - $10 million: 0.60% (I AM portion: 0.25%)
- $10 million - $25 million: 0.50% (I AM portion: 0.20%)
- $25 million +: Negotiable
The annual fee schedule for GeoWealth Management, LLC accounts is:
- $0 - $400,000: 1.50% (I AM portion: 1.05%)
- $400,001 - $750,000: 1.25% (I AM portion: 0.80%)
- $750,001 - $1,000,000: 1.00% (I AM portion: 0.60%)
- $1,000,001 - $3,000,000: 0.75% (I AM portion: 0.40%)
- $3,000,001 - $10,000,000: 0.60% (I AM portion: 0.30%)
- $10,000,001+: Negotiable