A low-profile, surface mount magnetic component is described along with magnetic devices and power supplies using the magnetic components. The magnetic component is formed from a magnetic core which is surrounded by a plurality of conductive elements. The conductive elements fit into channels in the sides of the magnetic core, the channels having angled sides that increase in width from the top to the bottom. The conductive elements have their ends bent inwards against the bottom of the magnetic core to form surface mountable contact surfaces. A recess in the top of the magnetic core allows the conductive elements to be loaded before the ends are bent inward so that when the conductive elements are unloaded they fit tightly against the magnetic core and the conductive surfaces are coplanar.