| Advisor Profile |
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Business Description |
At Wechter Financial Services, we are committed to establishing and maintaining a long-term relationship with our clients. We want to become a trusted advisor to our clients and to provide insight and helpful advice that will allow our clients to make more informed financial decisions.
We believe in the value of relationships. We view every client relationship as a partnership. Our primary mission is to assist our clients to meet their goals through the objective management of their financial resources and through ongoing professional advice and information. Our success is not measured by performance statistics alone, but rather, by our client's success in achieving their goals: we truly believe that our success is a result of their success.
At Wechter Financial Services, our clients work with a team of Certified Financial Planner (CFP) professionals and a Certified Public Accountant (CPA) who combine for over 100 years of financial service experience. |
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General Information |
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| States Licensed in: |
NJ, NY, FL
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| Years of Experience in Financial Services: |
9
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| Number of Years with Current Firm: |
2
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| I work with the following types of clients: |
Individual Investors
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Education |
| Academic Background |
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| BS, Management - Towson University (1998) |
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Services |
| Investment Types: |
Mutual Funds, Annuities, Stocks, Bonds
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Qualifications & Memberships |
| Securities Licenses: |
Series 65
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| Assets Managed by Firm: |
$145 million
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Compliance |
| Registered Representative: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$500,000
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| Compensation Methods: |
Hourly, Based on Assets, Flat Fee
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| Fee % Based on Assets: |
1.2%
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| Additional Details on Charges: |
1.4 for $1 to $500,000
1.0 for $500,001 to $1,000,000
0.8 for $1,000,001 and Over
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| Prepared By: |
Michael Green |
| Most Recent Update: |
07/24/2008 |
Frequently Asked Questions |
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| Q. |
What are your qualifications? What is your education background? |
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At Wechter Financial Services, our clients work with a team of Certified Financial Planner (CFP®) professionals and a Certified Public Accountant (CPA) who combine over 100 years of financial service experience. |
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What is your approach to financial planning? |
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Financial planning begins and ends with the needs of the client. It is process driven. Implementation, continuous monitoring and, as necessary, modification, are integral parts of that process. |
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What services do you offer? |
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Wechter Financial provides comprehensive and integrated financial services to our individual and business clients. Since 1985, we have tailored our services to meet our clients' needs. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. These services include: Financial Planning, Investment Management, Insurance, Tax Service |
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How many clients do you currently manage? |
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195 Clients and approximately $150 million. |
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Will you be the only person working with me? |
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No. At Wechter Financial Services we utilize a team approach to managing our client's assets. We have 3 CFP professionals on staff, a CPA, an Enrolled Agent (EA) and 4 other licensed professionals. There is always someone available to speak with. |
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How are you compensated? How will I pay for your services? |
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Wechter Financial Services aligns itself with our client's goals. We work on a fee only basis, which means that we are paid a percentage of the client's assets under management. We do NOT work on commission at all, so there is no conflict of interest possible. |
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If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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We work on a discretionary basis, meaning that our clients entrust us with the activity in their accounts. We have a fiduciary responsibility to do the right thing in the interest of our clients, always! As members of the Financial Planning Association (FPA) we take this very seriously. |
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Do you offer any guaranteed results? |
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No. We provide our clients with what we believe to be the best chance to make money in all types of market conditions. |
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How much risk should I be willing to take? |
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When becoming a client of Wechter Financial Services our clients receive an extremely detailed analysis of their risk tolerance and financial background. Each investor's situation is different and a blanket statement can't be made about how much a person should be willing to take. We tailor our investment portfolios to each individual investor. |
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Have you ever been charged with any breaches? |
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No. No one at Wechter Financial has ever been charged with any breaches. |
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What financial institution(s) do you represent? |
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I represent no other financial institutions beside Wechter Financial Services. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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I put my clients' needs first. We have long lasting relationships going back 30 years in some cases. Our clients have enjoyed and are very comfortable in the way we manage money. They make money in the up markets and are well protected in the down markets. |
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What are your qualifications? |
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We have been managing money for over a decade now and have done a fabulous job doing it. We have developed a brain trust at Wechter Financial that encompasses many different areas of finance and allows our systems to run smoothly. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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We manage our clients’ assets on a holistic approach. This means that we have the unique ability to view all of our clients’ accounts as one portfolio and in their separate components. We are very sensitive to the tax implications of trading in different types of accounts and this into consideration in all we do. |
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How long does the process of rolling over a 401K plan usually take? |
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Depending on the plan it is coming from it can take anywhere from a week to 8 weeks. |
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How many years of experience do you have? |
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I have been in the financial services industry for 9 years. |
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