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Wescom Financial Services Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Wescom Financial Services, located in Anaheim, California, operates as both a registered broker-dealer and a registered investment advisor (RIA). The fee-based firm's client pool is currently entirely composed of individuals, although it offers services to some institutional clients. 

When it comes to advisory fees, clients of Wescom Financial may pay asset-based fees, commissions and third-party manager fees. 

Wescom Financial Services Background

Wescom Financial was established as an investment advisor in 2003. As mentioned earlier, the firm is also a broker-dealer, and it functions as a subsidiary of Wescom Central Credit Union.  

The firm’s team includes the certified financial planner (CFP),accredited wealth management advisor (AWMA) and certified retirement planning counselor (CRPC) designations. 

Wescom Financial Services Client Types and Minimum Account Sizes

Wescom Financial offers advisory services to individuals, high-net-worth individuals, corporations and other businesses. The firm doesn’t have a minimum account size requirement.

Services Offered by Wescom Financial Services 

Wescom Financial provides the following services:

  • Advisor-directed portfolio management
  • Selection and monitoring of third-party money managers

The firm provides investment management services through several programs, including the SEI Program, AssetMark, Envestnet Managed Account Solutions and Pathway Program. 

Wescom Financial Services Investment Philosophy 

Wescom says it primarily employs fundamental analysis to measure the intrinsic value of securities and to determine whether a company is underpriced. The firm’s investment strategies also include long-term purchases (holding a security for over a year) and short-term purchases (selling a security within a year of buying it).

Wescom offers a range of mutual funds, as well as fixed and variable annuities.

Fees Under Wescom Financial Services

Wescom Financial firm brochure doesn’t offer much information about the its fee schedules, but the firm says annual rates won’t exceed 2.3% for its Pathway program.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Wescom Financial Services*
Your Assets Wescom Financial Services Fee Amount
$500K Up to $11,500
$1MM Up to $23,000
$5MM Up to $115,000
$10MM Up to $230,000

What to Watch Out For

Wescom Financial doesn’t have any legal or regulatory disclosures on its record. However, the firm’s fee structure may create conflicts of interest between advisors and clients. Because Wescom is a broker-dealer, certain advisors can earn additional compensation in the form of commissions or mutual fund 12b-1 fees. The firm says it abides by a fiduciary duty, though, which techically should mitigate this conflict of interest. 

Opening an Account with Wescom Financial Services

Prospective clients can get in touch with Wescom Financial by either visiting the firm’s Anaheim office or by contacting an advisor at (888) 879-0558. The firm also provides a contact form on its website. 

All information is accurate as of the writing of this article. 

Retirement Planning Tips for Beginners

  • It’s never too early to begin saving for retirement. If you’re not sure how much you need for your later years, our retirement calculator can help.
  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. 

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research