Wealth Management Group

Wealth Management Group

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220 Beiser Blvd

Dover, DE 19904

302-734-5826

wmgadvisors.com

No. advisers: 7

AUM: $198,375,548

Asset Breakdown

Staff
Employees 7
Clients
High-net-worth individuals 26-50%
Financial planning clients N/A
High-net-worth client assets Up to 50%
Compensation
Percentage of assets under management Yes
Hourly charges Yes
Subscription fees No
Fixed fees No
Commissions No
Performance-based fees No
Total AUM Total Accounts Avg. Account AUM
Discretionary $198,375,548 671 $295,642
Non-discretionary 0 0 $0
Total $198,375,548 671 $295,642

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Merrill Edge looks to hire 300 advisers in 2018

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Envestnet looking to support breakaway advisers

March 28, 2018 - Envestnet Tamarac is getting into the business of supporting breakaway advisers. On Wednesday, the company launched an offering it calls Quick Start that will get new registered investment advisers up and running on the Tamarac portfolio management software...

Deciphering Social Security survivor benefit rules

March 23, 2018 - A financial adviser from South Carolina reached out to me recently for help sifting through the numerous Social Security regulations affecting potential benefits for his recently widowed client. "This is probably the most complex situation I have run...

Senior Wells Fargo exec: No FBI interviews here

March 19, 2018 - A senior Wells Fargo & Co. executive Monday morning contradicted a report from last week in the Wall Street Journal that the FBI had recently interviewed employees in the bank's sprawling wealth management group, home to some 14,544 brokers and advisers....

Tax law: How to get the pass-through deduction by reducing taxable income

March 7, 2018 - The pass-through provision in the new federal tax law has some financial advisers salivating over a potentially substantial tax break. However, the 20% deduction on pass-through business income doesn't apply to all taxpayers equally. Because financial...

Advisers bemoan LPL's technology platform change

February 22, 2018 - After years of effort to move to a new platform for wealth management, LPL Financial is still fumbling around with the latest technology for its more than 15,200 advisers. LPL advisers on a private LinkedIn chat room this month were sounding off about...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

Purchase the data and information contained in the RIA Data Center in an Excel spreadsheet.

For comments or suggestions about the Adviser Center, please contact us.

Reprints: For reprints of these rankings, please contact Laura Picariello.

*Methodology: InvestmentNews qualified 1,937 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of November 1, 2017. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2016, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency.

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