Wealth Management
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Overview
Wealth Management is a financial advisory firm based in Norfolk, Nebraska. It manages $2.3 billion in assets under management over 3,334 customer accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). The firm has an average-sized group, including 48 financial advisors. Wealth Management does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as bonds, stocks and options.
Wealth Management administers more than half of the firm's accounts on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without needing client permission. Wealth Management also has one non-discretionary accounts with a total of $9.5 million in AUM. The company oversees about $704,538 in assets for each customer account. The typical advisor at Wealth Management manages around 69 client accounts, placing it towards the middle in terms of personalization.
Wealth Management's headquarters is at 125 South 4Th Street, Norfolk, Nebraska 68701. The firm is legally allowed to serve investors throughout 33 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wealth Management by the Numbers
$2.3 billion
60
3,334
$704.5 thousand
Products and Services
Wealth Management provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, publication of newsletters, educational seminars and other services. In the prior fiscal year, it provided financial planning services to 101-250 of its clients. It is not engaged in selling products or offering services other than investment advice to its investment advisory accounts. Wealth Management is also affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Find a firm that offers this service
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors are based on the type of financial services provided. However, fees charged by the firm likely include some blend of the following fee structures: asset-based, hourly or fixed. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Wealth Management does business with a broad range of customers. It caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 3,334 customers, Wealth Management's largest client type by number of accounts is retail investors, though it also serves 657 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 20.41%
- Other Individuals - 79%
- Corporations - 0.43%
- Charitable Organizations - 0.16%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Wealth Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wealth Management
Seward, NE
Mundelein, IL
Norfolk, NE
Saint Louis, MO
Seward, NE
Grand Island, NE
Elkhorn, NE
Norfolk, NE
Norfolk, NE
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