“Form ADV” is
a disclosure document registered investment advisors are required
to file with securities regulators.
To verify your advisor really is Fee-Only & Independent,
follow this link to
see its responses to the following disclosure items:
Form ADV Item 5E(5) – Commissions
Is your advisory firm compensated through
sales commissions? If so, its objectivity may be impaired and item
5E(5) will be checked.
We do not accept commissions
in any form so we are permitted to leave this unchecked.
Form ADV Item 6B(3) – Other
Business Activities
Is your advisory firm structured to
sell financial products or other services? If so, it may have an
incentive to sell these products or services to you regardless
of your particular needs. Its response to item 6B(3) will then
be “Yes.”
We render financial planning
and investment advice, but do not engage in selling financial
products or any other services so our answer is “No.”
Form ADV Item 7A – Financial
Industry Affiliations
Is your advisory firm really independent?
While it may advertise that it is, it may really be an independently
operated branch of an insurer, brokerage firm, or of some other
entity. If your advisor is actually controlled by or affiliated
with another entity, its interests may run counter to yours and
it will have to disclose any potential conficts of interest in
item 7A.
We are not controlled by or
affiliated with any other entity so we have no potential conflicts
of interest to disclose.
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Form ADV Item 8E – Interest
in Client Transactions
Is your advisory firm receiving a discount
on research or other services from third-party vendors at your
expense? If so, it is taking advantage of a so-called “soft-dollar” arrangement
which must be disclosed by responding “Yes” to item
8E.
We pay 100% of the cost of
research and other services we receive directly from our own
pocket – not from our clients’ pockets. We do not
engage in soft-dollar arrangements so our answer is “No.”
Form ADV Item 8F – Compensation
for Referrals
Were you referred to your advisory
firm by another person? If so, it is possible that your advisor
paid that other person for the referral which means that you may
have been introduced to your advisor for reasons that have little
to do with your best interest. If your advisor pays others for
referrals, its response to item 8F will then be “Yes.”
We neither pay nor accept referral
fees of any kind. If you are referred to us or if we refer you
elsewhere, that referral will stem from a good faith attempt
to serve your interests. Our response is “No.”
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Wessel Investment
Counsel, LLC
22 South Pack Square
Jackson Building, Suite 400
Asheville, NC 28801-3500
Phone: (828) 232-2000
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Us
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