Wealth Management Solutions

CRD#127517
Investment Advisor Firm

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Overview

Wealth Management Solutions operates as a financial advisor company headquartered in Scottsdale, Arizona. The firm controls $89.1 million in total assets throughout 408 accounts. The company has a small team of four employees, including three financial advisors. Wealth Management Solutions does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, equities and bonds.

Wealth Management Solutions administers more than half of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make buy and sell decisions for the client's account without requiring client approval. It also administers one non-discretionary accounts with a total of $2.1 million in assets under management. The firm supervises roughly $218,485 for each client account. 69000000 of their financial planning investments were in securities, with $2,500,001 to $5,000,000 invested in non-securities. The average advisor at Wealth Management Solutions oversees about 136 client accounts.

The firm's headquarters is at 8550 E. Shea Boulevard, Suite 130, Scottsdale, Arizona 85260. The firm is allowed to provide services to clients throughout a few states, including Arizona and California.

Assets Under Management

$89.1 million

Number of Advisors

3

Disclosures

No

Office Location

8550 E. Shea Boulevard, Suite 130
Scottsdale, AZ 85260

Wealth Management Solutions by the Numbers

Total Assets Under Management

$89.1 million

National Average: $3.3 billion
Total Number of Employees

4

National Average: 31
Total Number of Accounts

408

National Average: 1,935
Average Account Size

$218.5 thousand

National Average: $1.7 million

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Products and Services

Wealth Management Solutions provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the prior fiscal year, the firm provided financial planning services to 51-100 of its clients. The company does not sell products or offer services aside from investment advice to its investment advisory customers.

Core Advisor Services

  • Offered by 44% 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.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • 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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Fee Structure

Financial management fees typically vary depending on the type of financial services offered. Fee types charged by the company likely are comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company. It can withdraw its charges directly from customer accounts.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It caters to retail investors, high net worth investors and pension plans. Out of its 408 customers, Wealth Management Solutions's largest client group by number of accounts is retail investors, but it also caters to 27 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 31.03%
  • Other Individuals - 62.07%
  • Corporations - 6.9%
  • Charitable Organizations - 0%

* 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 Solutions does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Wealth Management Solutions

Matthew Cherry
Scottsdale, AZ
Joseph Vazquez
Scottsdale, AZ
David Rosenthal
Scottsdale, AZ

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This content was compiled from the SEC and FINRA