IBEX Wealth Advisors, LLC is a registered investment advisor founded in December 2012 and owned by Glenn E. Stephenson, James J. Varaklis, and Phillip Rongo. The firm offers discretionary investment advisory services where annual fees are based on a percentage of the total assets under management. IBEX Wealth Advisors also provides stand-alone financial planning and consulting services (covering estate planning, insurance, and other non-investment matters) for fixed fees or hourly rates, as well as retirement plan consulting for plan sponsors. Investment management accounts are primarily maintained with LPL Financial, where certain representatives also act as registered representatives or licensed insurance agents to offer commission-based products.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.60% |
Annual investment advisory fee is negotiable up to 1.60% of total assets under management based on objective and subjective factors including asset size, scope of services, and complexity.