An integrated magnetic assembly includes a magnetic core having a first component and a second component. The first component includes a first face and a winding leg extending from the first face. The winding leg includes a top face spaced from and oriented generally parallel to the first face. The second component is coupled to the first component and has a second face facing the first face. The second component further includes a third face recessed from and oriented generally parallel to the second face and a recess sidewall extending between the second face and the third face. The integrated magnetic assembly further includes an input winding and an output winding each inductively coupled to the magnetic core. The third face and the recess sidewall define a recess within the second face. Additionally, a gap is defined between the top face and the third face.