Do you represent a broker,
insurer, or any other company?
Does your firm accept fiduciary responsibility across all aspects
of its relationship with you?
Is your firm properly registered as an investment
advisor (Registered Investment Advisor)?
Has your firm or any of its representatives ever been
disciplined by any regulatory agency?
Will I receive a letter of engagement outlining the
services I will be receiving?
Will I know how much I will be paying you to manage
my portfolio?
How will I pay you?
Would your firm be willing to provide me with references?
Do you represent
a broker, insurer, or any other company?
No. We represent our clients and because we are
required to act in a fiduciary capacity,
our actions must always be intended to further the interests of
our clients. If, instead, we had chosen to represent a brokerage
firm or insurance company, we would then have a conflict of interest
in advising you. Your physician doesn’t represent an insurance
company and your attorney doesn’t represent your counterparty,
so why should your financial advisor represent anyone other than
you? Philosphically and ethically, we believe an advisor’s
duty should always be to his or her client and to no one else.
Does your firm accept fiduciary responsibility
across all aspects of its relationship with you?
Yes. Although registered brokerage representatives
and insurance agents often hold themselves out as financial advisors,
brokers represent their firms and insurance agents are agents for
their respective insurance companies. Their
allegiance is to their companies – not to you. While they
are subject to certain “suitability” rules when selling
their products, they are held to a lower standard of duty
than are fiduciaries such as Wessel Investment Counsel.
[ Top ]
Is your firm properly registered as an investment
advisor (Registered Investment Advisor)?
Yes. We are properly registered with the appropriate
regulatory authorities. In general, an advisory firm is required
to register if it is engaged in the “ABCs” of
the financial planning and/or investment advisory industry. It
must register if it renders investment Advice in the context of
a Business and does so for Compensation.
Has your firm or any of its representatives ever
been disciplined by any regulatory agency?
No. Nor have any complaints been filed against
us.
Will I receive a letter of engagement outlining
the services I will be receiving?
Yes. You will be provided with a Client Advisory
Agreement that will allow you to engage us for on-going asset management
services and/or financial planning services.
[ Top ]
Will I know how much I will be paying you to
manage my portfolio?
Yes. We will send you a quarterly invoice showing
you not only how much you are being charged, but the precise manner
in which that charge was calculated. Portfolio management fees
you pay to us are also reflected on the account statements that
our custodian (Pershing) will mail to you.
How will I pay you?
Financial planning and portfolio management fees are payable by
check, but most clients prefer to have their portfolio management
fees deducted from their portfolio automatically. Either way, you
will always receive an invoice for any fees we may charge you.
Would your firm be willing to provide me with
references?
Yes. When checking references,
however, please refrain from posing questions that would require
our clients to reveal sensitive information about themselves.
[ Top ]
| |
|
|
Wessel Investment
Counsel, LLC
22 South Pack Square
Jackson Building, Suite 400
Asheville, NC 28801-3500
Phone: (828) 232-2000
>> Contact or Find Us |
|
|
About
Us
Charter