Overview
6
Financial Planning
Financial plans and financial planning may include but are not limited to: investment planning; life
insurance; tax concerns; retirement planning; college planning; and debt/credit planning.
Financial Institution Consulting Services
WMG provides investment consulting services to certain broker/dealers’ customers (“Brokerage
Customers”) who provide written consent requesting to receive the firm’s consulting services. Brokerage
Customers have entered into a written advisory agreement with WMG.
Selection of Other Advisers
WMG may direct clients to third-party investment advisers. Before selecting other advisers for
clients, WMG will verify that all recommended advisers are properly licensed, notice filed, or
exempt in the states where WMG is recommending the adviser to clients.
Services Limited to Specific Types of Investments
WMG generally limits its investment advice to mutual funds, fixed income securities, real estate funds
(including REITs), insurance products including annuities, equities, ETFs (including ETFs in the gold
and precious metal sectors), treasury inflation protected/inflation linked bonds. WMG may use other
securities as well to help diversify a portfolio when applicable. WMG may also offer market linked or
traditional CD’s without a call feature, these specified products are subject to an upfront one time fee,
because there is no ongoing management necessary.
Written Acknowledgement of Fiduciary Status
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title 1 of the Employee Retirement Income
Act (ERISA) and the Internal Revenue Code, as applicable, which are laws governing retirement accounts.
The way we make money creates some conflicts with your interests, so we operate under a special rule
that requires us to act in your best interest and not put out interest ahead of yours. Under this special
rule’s provisions, we must:
Meet a professional standard of care when making investment recommendations (give prudent advice);
Never put our financial interests ahead of yours when making recommendations (give loyal advice);
Avoid misleading statements about conflicts of interest, fees, and investments;
Follow policies and procedures designed
to ensure that we give advice that is in your best interest;
Charge no more than a level fee that is reasonable for our services; and
Give you basic information about conflicts of interest.
C. Client Tailored Services and Client Imposed Restrictions
WMG offers the same suite of services to all of its clients. However, specific client investment
strategies and their implementation are dependent upon the client’s current situation (income, tax levels,
and risk tolerance levels). Clients may not impose restrictions in investing in certain securities or types of
securities in accordance with their values or beliefs.
D. Wrap Fee Programs
WMG participates in wrap fee programs, which are investment programs where the investor pays
one stated fee that includes management fees, transaction costs, fund expenses, and other
administrative fees. WMG manages the investments in the wrap fee program but does not manage
those wrap fee accounts any differently than non-wrap fee accounts. Fees paid under the wrap fee
program will be given to WMG as a management fee.
E. Assets Under Management
WMG has the following assets under management:
Discretionary
Amounts:
Non-discretionary
Amounts:
Date
Calculated:
$ 363,201,180 $159,915,821 December
2023
2.
Fee Schedule
Portfolio Management Services Fees
Total Assets Under Management Maximum Annual Fee
All Assets 2.00%
These fees are negotiable, and the final fee schedule is attached as part of the Investment Advisory
Contract.
WMG uses the last day of previous quarter for purposes of determining the market value of the assets upon
which the advisory fee is based. Fees are paid quarterly in advance.
Clients may terminate the agreement without penalty for a full refund of WMG’s fees within five business
days of signing the Investment Advisory Contract. Thereafter, clients may terminate the pension
consulting agreement generally with 30 days’ written notice. WMG bills based on the balance on the first
day of the billing period.
Retirement Plan Consulting Services Fees
Asset-Based Fees for Retirement Plan Consulting
Total Assets Under
Management
Maximum Annual Fee
All Assets 2.00%