Independent Wealth Network provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Independent Wealth Network reports 1,460 clients. They include 1,183 individual clients, 262 high-net-worth individuals, and 10 pension and profit-sharing plans. Of its assets, 85.5% ($443M across 2,749 accounts) are managed with discretion; $75.4M across 132 accounts are not. A wrap fee program the firm both sponsors and manages holds $81.9M. It advised 12 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 39% |
| High-net-worth individuals | 18% | 56% |
| Pension and profit-sharing plans | <1% | 5% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,183 | $200M | 38.6% | $169K |
| High-net-worth individuals | 262 | $291M | 56.1% | $1.11M |
| Pension and profit-sharing plans | 10 | $25.3M | 4.9% | $2.53M |
| Charitable organizations | 1 | $1.54M | 0.3% | $1.54M |
| Corporations and other businesses | 4 | $873K | 0.2% | $218K |
| Total | 1,460 | $518M | 100% | $355K |
- Clients
- 1,183
- Regulatory AUM
- $200M
- AUM share
- 38.6%
- Avg. per client
- $169K
- Clients
- 262
- Regulatory AUM
- $291M
- AUM share
- 56.1%
- Avg. per client
- $1.11M
- Clients
- 10
- Regulatory AUM
- $25.3M
- AUM share
- 4.9%
- Avg. per client
- $2.53M
- Clients
- 1
- Regulatory AUM
- $1.54M
- AUM share
- 0.3%
- Avg. per client
- $1.54M
- Clients
- 4
- Regulatory AUM
- $873K
- AUM share
- 0.2%
- Avg. per client
- $218K
Total
- Clients
- 1,460
- Regulatory AUM
- $518M
- AUM share
- 100%
- Avg. per client
- $355K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 12
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Independent Wealth Network is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting fees are negotiated by complexity as a single fee, an hourly fee or a retainer for up to six months, not a percentage of assets.
Arthur Dinkin owns 25% to 50% of Independent Wealth Network. The leadership team of Independent Wealth Network includes President Andrew Endelman. It has 37 employees, 30 of them in advisory roles.
Leadership
- Andrew EndelmanPresident & CCO
Investment adviser representatives
34 representatives listed in the SEC register as of 9 October 2026.
Staff
- 37 employees
- 30 in advisory functions
- 30 state-registered reps
- 9 broker-dealer reps
- 22 insurance agents
- Owns 25% to 50% of Independent Wealth Network, Inc.
Arthur Dinkin
Control person · since January 2025
- Owns 25% to 50% of Independent Wealth Network, Inc.
Jeffrey Zupancic
Control person · since August 2017
- Owns 10% to 25% of Independent Wealth Network, Inc.
Andrew Endelman
Control person · since January 2025
Independent Wealth Network’s regulatory assets grew 2.2× from $240M (June 2021) to $518M (March 2026); clients rose from 1,012 to 1,460 and employees from 22 to 37.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $518M | 1,460 | 37 | 20 |
| July 2025 | $423M | 1,365 | 25 | 17 |
| June 2024 | $358M | 1,338 | 25 | 17 |
| March 2023 | $293M | 1,256 | 27 | 17 |
| May 2022 | $313M | 1,168 | 24 | 16 |
| June 2021 | $240M | 1,012 | 22 | 16 |
Besides its headquarters, Independent Wealth Network has 19 offices (4 private residences, listed without an address), with 16 listed addresses across 10 states.
Arizona · 3 listed addresses
- Preferred Wealth Management, Phoenix
- M.a.s. Financial and Tax Group, Flagstaff
- Poindexter Financial Group, Prescott
Iowa · 3 listed addresses
- 2350 NW 128th St, UrbandaleHQ
- DV Financial, Urbandale
- Kramer Wealth Advisory, Grimes
Texas · 3 listed addresses
- Archer Financial Partners, Lubbock
- Kfa Financial, Sanger
- Preferred Wealth Management, El Paso
California · 1 listed address
- Gilchrist Wealth Management, Los Angeles
Florida · 1 listed address
- Dek Wealth, LLC, Miami
Illinois · 1 listed address
- Preferred Wealth Management, Downers Grove
Indiana · 1 listed address
- Capital Insurances & Financial Services LLC, FT Wayne
Missouri · 1 listed address
- Principled Wealth Management, Chesterfield
New Hampshire · 1 listed address
- Swan Financial Group, Portsmouth
New Jersey · 1 listed address
- Ross Capital Markets, Morristown
Other business names
Independent Wealth Network has reported 16 other business names to the SEC.
- Anthem Financial Partners
- Archer Financial Partners
- Capital Insurance & Financial Services LLC
- DV Financial
- Dek Wealth
- Etzel Financial Resources
- Evergreen Financial Group
- Gilchrist Wealth Management
- Kfa Financial
- Kramer Wealth Advisory
- M.a.s.financial and Tax Group
- Poindexter Financial Group
Show all 16 names
- Preferred Wealth Management LLC
- Principled Wealth Management
- Ross Capital Markets
- Swan Financial Group
Contact and registration details
- Legal name
- Independent Wealth Network, Inc.
- Headquarters
- 2350 NW 128th St, Urbandale, IA 50323
- Website
- indwealth.net
- Phone
- 515-461-5123
- SEC file
- 801-110559
- Structure
- Iowa corporation
- Fiscal year end
- December
Independent Wealth Network uses Charles Schwab ($394M) as custodian for its separately managed accounts. Independent Wealth Network has custody of $128M in client assets for 495 clients.
- Charles SchwabCharles Schwab & Co., Inc. · West Lake, TX · $394M100%
At year end, Independent Wealth Network’s separately managed accounts were mostly in stocks (69%) and funds (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $393M across 340 positions; the largest are Caterpillar Inc. (7.2%), SPDR Series Trust (4.4%) and J P Morgan Exchange Traded F (3.1%).
What the accounts hold
- Stocks69%
- Funds20%
- Registered funds19%
- Pooled vehicles1%
- Bonds6%
- U.S. government and agency bonds3%
- Investment grade corporate bonds2%
- State and local bonds1%
- Cash5%
Reported 13F holdings
- $393M
- Reported 13F value
- 340
- Positions
- 27.0%
- In the 10 largest
- +16.8%
- Value vs. prior quarter
- Caterpillar Inc.7.2%
- SPDR Series Trust · ST Str P500etf4.4%
- J P Morgan Exchange Traded F · Ultra Shrt ETF3.1%
- SPDR Series Trust · ST Str P500grw3.0%
- Invesco Qqq TR · Unit Ser 11.9%
- Collaborative Investmnt Ser · Rare DY Fixe ETF1.7%
- Dimensional ETF Trust · US Equi Mark ETF1.6%
- Apple Inc.1.5%
- Nvidia Corporation1.4%
- SPDR Series Trust · ST Str P500val1.4%
Together, the ten largest are 27.0% of reported value.
How many clients does Independent Wealth Network have?
Independent Wealth Network has 1,460 clients and manages $518 million for them, as of March 2026. They include 1,183 individual clients, 262 high-net-worth individuals, and 10 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Independent Wealth Network offer?
Independent Wealth Network provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Independent Wealth Network use?
Independent Wealth Network’s separately managed account assets are held at Charles Schwab & Co., Inc. (West Lake, TX), with $394M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Independent Wealth Network have?
Independent Wealth Network has 30 investment adviser representatives registered with state securities authorities, out of 37 employees, and 30 perform investment advisory functions. 9 employees are registered representatives of a broker-dealer and 22 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Independent Wealth Network invest in?
At the end of its last fiscal year, Independent Wealth Network’s separately managed accounts held 69% exchange-traded equities, 19% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 3% U.S. government and agency bonds, 2% investment grade corporate bonds, 1% state and local bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Independent Wealth Network?
Independent Wealth Network’s direct owners are Arthur Dinkin, Jeffrey Zupancic and Andrew Endelman, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Independent Wealth Network get paid?
Independent Wealth Network is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Independent Wealth Network registered with the SEC?
Yes, Independent Wealth Network has been registered with the SEC as an investment adviser since 1 June 2017. Its CRD number is 286262 and its SEC file number is 801-110559.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Independent Wealth Network?
Independent Wealth Network’s main office is at 2350 NW 128th St, Urbandale, IA 50323. Its phone number is 515-461-5123. Its website is indwealth.net.