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Fidelon

Iwealth is a investment adviser based in Waseca, MN, that holds a 78.6/100 Fidelon TransparencyScore (th percentile), with 5 registered advisors. Score based on public SEC and FINRA filings.

78.6Transparency Score
Bottom43%

Iwealth

A registered investment adviser with a clean regulatory record.

213 15th Avenue NE, Waseca, MN, 56093
507-835-9111Website
Investment AdviserFiduciary
Prep Kit

Fidelon Fact Sheet

IWEALTH is a fee-only investment adviser with a clean regulatory record. The firm is based in Waseca, Minnesota, and it manages investment portfolios for clients. It also provides financial planning and educational seminars. The firm charges asset-based fees and fixed fees. It reports no commission income.

78.6FairBottom 43% of scored firms
How they're paidNo advisory commissions, but they also sell products.
Asset-based · fixed fees
Duty to youLegally required to put your interests first.
Registered adviser · fiduciary
Assets under managementAcross 721 client accounts.
$311.6M
Firm size
5 advisors
Who holds your moneyThe firm reports it does not hold client funds.
No custody reported
Regulatory recordNo customer complaints, regulatory actions, or fines on file.
Clean — 0 disclosures
Based on live filings from SEC Form ADV and FINRA BrokerCheck. Scored using Fidelon's published methodology. Data as of Mar 2026

Peer Context

Compare Iwealth to other firms in MN →Find more financial advisors in Minnesota →

Key Findings

Strengths

  • Registered as investment adviser with fiduciary obligation
  • Clean regulatory record — no disclosures, arbitrations, or fines

Things You Should Know

  • Conflict disclosure in the client summary — filings provide less detail than higher-scoring peers in this area
  • Fee disclosure could be more detailed — regulatory filings describe fee schedules and service terms less clearly than top-scoring peers

Conflict Audit

Conflict AuditCaution

Our analysis identified 1 potential conflict of interest in regulatory filings.

✓
Not registered as broker-dealer
✓
No commissions on advisory accounts
✓
No outside compensation from related parties
✓
No related-party custodian
✓
No performance-based fees
⚠
Also sells brokerage and insurance — can earn money beyond advisory fees

Source: Form ADV Part 1, Items 6-8; Part 2A, Items 10-14

What this firm says about how it gets paid

“The more assets you have in your advisory account, the more you will pay us. We therefore have an incentive to increase the assets in your advisory account in order to increase our fees.”
“Some of our firm’s financial professionals are registered representatives of LPL Financial LLC (“LPL”), an SEC registered broker-dealer and investment adviser.”

Source: the firm’s own Form CRS, filed 2024-07-31 — quoted directly

Regulatory Events

Next Steps

This firm's score reflects some areas where disclosure could improve. Here's what that means for you.
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Advisor Roster

5 advisors

AdvisorScoreGrade
Gary Frank Guentzel——
Johnathon Percy Eykyn——
Shawn Todd Pomeroy——
Matthew Potter——
Bradley Edward Connors——

Meeting Prep Kit for Iwealth

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✓Fee structure breakdown
✓Conflict of interest analysis
✓Regulatory track record
✓Fiduciary status check
✓Personalized questions to ask
✓How they compare locally

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Frequently Asked Questions

What does the TransparencyScore measure?

The TransparencyScore measures how clearly and completely an advisor or firm discloses important information in their regulatory filings — things like fees, conflicts of interest, disciplinary history, and business practices. A higher score means better disclosure quality, not better investment performance.

Where does this data come from?

All data comes from public regulatory filings: SEC Form ADV (Parts 1, 2, and 3), FINRA BrokerCheck, and the SEC's Investment Adviser Public Disclosure (IAPD) database. These are official filings that firms and advisors are legally required to submit.

Does a low score mean they're a bad advisor?

Not necessarily. A low score means the firm's public filings are less transparent — they may use vague language about fees, skip details about conflicts, or have a more complex regulatory history. Some excellent advisors work at firms with poor disclosure practices. The score measures the filing, not the person.

How often is this data updated?

Fidelon refreshes data from SEC and FINRA sources on a regular schedule. Form ADV filings are updated annually by firms (with amendments throughout the year), and BrokerCheck data is updated as events are reported. Scores are recalculated after each data refresh.

Can an advisor or firm improve their score?

Yes. Scores are based on what's in public filings. A firm that rewrites its ADV brochure in clearer language, discloses conflicts more specifically, or resolves outstanding regulatory issues will see its score improve at the next refresh. The incentive structure is intentional.

Data Sources

SEC Form ADV Part 1 — Filed Mar 2026SEC Form ADV Part 2ASEC IAPDFINRA BrokerCheck

Scores are generated using Fidelon's published scoring methodology and reflect the quality of public disclosures, not the quality of investment advice. A firm that improves its disclosures will see its score improve. Fidelon does not provide investment advice.

Verify on SEC IAPD

Last scored: · Score version: 3.8 · CRD #329980