A laminate having a plurality of layers of magnetic material sandwiched together having a first side and a second side and a method of making the laminate. The plurality of layers of magnetic material having a plurality of radial grooves. A first insulative layer applied over the first side of the plurality of layers of magnetic material. A lead wire applied to over first insulative layer at a predetermined location on the first side of the plurality of layers of magnetic material. A second insulative layer applied to the first side of the plurality of layers of magnetic material over the lead wire. A third insulative layer applied to the second side of the plurality of layers of magnetic material. Thus, the laminate is ready to receive a coil.