Frequently Asked Questions

Please click the questions below to discover the answers.

Fee Only vs. Fee Based

Wealth Management Group, Inc. was founded with the goal of providing objective financial advice that emphasizes service and integrity rather than sales and production. Since the day we opened our doors over 14 years ago, we have always been a fee-only firm. "Fee-only" means we accept payment only from our clients. We accept no funds or commissions from mutual fund companies, insurance companies, or other service providers. Our compensation is transparent to our clients and the value-added is clear.

From the client's standpoint, the advantage of the fee-only model is that there is no incentive on our part to generate commissions through the unnecessary buying and/or selling of securities ("churning"), or to convert non-cash assets such as real estate and collectibles to cash and securities so that the advisor can generate commission income.

The fee-only model is in contrast to the more common compensation structure in our industry, which relies either partially or entirely on commissions. Under this structure, advisory firms receive compensation for selling certain insurance contracts or recommending certain mutual funds or other investment vehicles. Recently, some firms operating under this type of model have begun marketing themselves as "fee-based," which is meant to indicate that at least some of their compensation comes from clients, in addition to commissions. Those firms calling themselves "fee-based" thus aim to differentiate themselves from those who are entirely commission-based, but we believe a fee structure based even partially on commissions cannot offer clients the assurance they need that they are receiving fully unbiased advice.

What does being a Fiduciary mean?

A great man and great investor, Warren Buffett once said, "What you need to help you is someone who is smart, motivated and ethical. And, ethics is the most important. Because, let's face it, if they are not ethical, you want them to be dumb and lazy." We couldn't agree more and that's why we commit to a Fiduciary standard.

In the strictest sense of the word, Fiduciary standard means putting anothers' interest ahead of your own. In terms of investing, it means an advisor is required to put their clients' interests ahead of their own. Not even with their own, but actually above their own needs. This is a higher bar than advisors who are not Fiduciaries have to meet.

Most advisors must to adhere to a much lower "suitability standard". While that may sound like reasonable protection for clients, we think clients should demand more. We gladly accept our fiduciary role when working with clients and strive to offer unbiased, objective advice as a result.

Is there a cost for the first meeting?

No, we use this first meeting to determine whether or not we can effectively be of service to you, as well as to allow you to evaluate us. In other words, it's a time for us to get to know one another. As long as that is the main purpose, there is no charge for the meeting.

How do I Get Started?

Call or e-mail Lisa or Dawn, to set up an introductory meeting at no charge.

Office Phone - 336-760-4829
Lisa's email address - This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Dawn's email address - This e-mail address is being protected from spambots. You need JavaScript enabled to view it

What do I need to prepare for the first meeting?

For your first, complimentary meeting, you must complete our confidential questionnaire and bring your most recent 3 years tax returns. In addition, for couples, we require that your spouse or significant other attends the first meeting.