Q: How long has WPAM been in business?
A: WPAM was started in 1997 by John Guy a former brokerage firm account executive who wanted a new business model: discretionary, Fee-Only money management.
Q: What is “Fee-Only” and why is that important?
A: Because we are Fee-Only financial planners, all conflicts of interest regarding compensation are removed. We do not accept sales commissions; we work solely for our clients. Because we do not sell financial products such as investments and insurance, there are no third-party relationships or outside influences to color our thinking and financial recommendations. In addition, our firm is a Registered Investment Advisor (RIA); as such, we must comply with a host of regulations designed to protect the consumer. One important question you should always ask when considering a financial planner’s services: ”May I please have a copy of your ADV Part II?” This document contains important information about the planner’s qualifications, fiduciary duties, history of any past violations, etc. We would be happy to send you a copy of our ADV Part II. Please contact us to request your copy.
Q: What is Aggregation?
A: Account aggregation is a process that nightly updates client liabilities, investment account balances and holdings into the financial plan. The data can be used to identify issues and services, and to provide alerts according to criteria agreed to by the client and the planner. Aggregation is a unique, web-based service to which clients individually subscribe.
