Wealth Management FAQs
Wealth management is a highly customized client-centered financial planning service that provides a comprehensive investment management strategy for your financial needs. This includes portfolio management, estate planning, tax considerations in consultation with your tax professional, philanthropic planning, multi-generational wealth transfer, and other services. The ultimate goal of wealth management is to maximize your investments while prudently managing risk to achieve all that is important to you.
Personal financial planning involves managing your finances—including your income, expenses, and investments—to ensure that you are able to meet personal goals like saving for a comfortable retirement. Consider financial planning as a roadmap that leads you to where you want to be five, 10, or even 20 years from now.
Wealth management is a service utilized by individuals and families with a high net worth, as their needs can be quite unique and complex. Financial planning, in contrast, is something that can benefit anyone, no matter their net worth.
Everyone can benefit from the services of a financial advisor. The role of a financial advisor is to help you develop an investment strategy to work toward your financial goals, whatever they are. For many, this means saving for retirement, but a qualified financial advisor can help you get started with investments, budget for your children’s college education, save for a down payment on a home and provide guidance to help you make informed financial decisions. You tell us your goals and we will provide guidance, perspective and judgment to help you work toward those goals.
Financial planners have the knowledge, experience, insight, and training to help their clients develop prudent strategies for managing their finances and maximizing their investments. At ICC, we use a comprehensive approach centered around providing financial recommendations designed to help you achieve all that is important to you.
We work with both families and individuals, as well as businesses and foundations, generally with a minimum of $1 million in investable assets. What these two groups have in common is that they choose ICC because they are seeking industry expertise to help them reach their investment goals, not simply a retail advisor. We have a breadth of experience developed over decades and we are constantly advancing our knowledge through continuing education classes, conferences and professional resources.
Yes, ICC is registered with the SEC.
ICC was founded by Randy Garcia in 1987 in Las Vegas, Nevada.
Fiduciary duty is a term used to describe a responsibility to act in the best interests of another person—in the case of financial planning, it refers to an advisor’s responsibility to their clients. At ICC, we are proud to adhere to the fiduciary standard, which means we strive to provide the highest grade of client care available in the financial services industry. We are legally and ethically bound to seek to eliminate or disclose conflicts of interests, which means you can trust that all of our recommendations are in your best interest—we receive no hidden commissions and do not sell our own investment products.
Yes, our wealth management program does have an investment minimum. If you have a $1 million portfolio or more contact us now to learn more about our personalized strategies designed to help you grow and preserve your wealth.
As part of our commitment to transparency and the fiduciary standard, we are a fee-based wealth management service. We do not take commissions on any products recommended to our clients.
We offer a competitive tiered advisory fee structure based on your portfolio’s size. We do not charge commissions on investment products in addition to management fees. Our fees are completely transparent with no hidden costs.
We get to know you and the relationship between your finances, lifestyle and goals. We use those insights to help you define your investment preferences to build your formal Investment Policy Statement which will help design your portfolio, tailored to work toward your long-term financial objectives. We strive to meet personally with you every quarter to review your portfolio’s performance, discuss the current economic outlook and learn about any changes in your life or desired adjustments to your investment strategy.
We’re a leading independent wealth management firm in Las Vegas for a reason—we continually strive to provide our clients with exceptional service tailored to their needs. Our financial professionals have such accreditations as: Accredited Investment Fiduciary Analyst (AIFA®), Certified Investment Management Analyst (CIMA®), Certified Financial Planner (CFP®), Certified Public Accountant (CPA®) and Chartered Financial Analyst (CFA®). ICC was one of the first firms in Nevada to adopt the fiduciary standard, which means you can feel confident that every recommendation we make is in your best interest and unbiased.
We are happy to work with our clients in any way that feels most comfortable to them, whether it’s telephone consultations, secure video meetings, or email. Just as our wealth management services are highly-customized, so too are our communications with our clients. We have been working remotely with our clients for the past eleven months and during that time have met with almost all of our clients personally, albeit remotely, every quarter. We are also available for calls whenever a client has questions or concerns.
Please Note: Limitations. The scope of services to be provided depends upon the terms of the engagement, and the specific requests and needs of the client. ICC does not serve as an attorney, accountant, or insurance agent. ICC does not prepare legal documents or tax returns, nor does it sell insurance products.