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.
