FAQs | by Dan

• • • How much experience do the advisors at West Texas WealthCare Advisors, Inc. have?

Combined, our advisors have more than 45 years experience in the financial industry each boasting a unique set of professional designations and experiences. Please visit Meet Your Team to learn more.

• • • What qualifications do the advisors at West Texas WealthCare Advisors, Inc. have?Each advisors qualifications vary and include both Certified Public Accountants and Certified Financial Planners. Please visit Meet Your Team to learn more.
    • What services are offered through West Texas WealthCare Advisors, Inc.?Our services revolve around the standards set forth by the Certified Financial Planner Board of Standards, Inc Financial Planning Process. Also, please visit, M-10 Services.
    • What is West Texas WeathCare Advisors, Inc’s approach to financial planning?Our goal is to help our clients chart a clearly defined direction for their financial future.

    • Who will work with me at West Texas WealthCare Advisors, Inc.?Here we work as a team for our clients, providing personal attention every step of the way. All clients are counseled in the same manner and receive the same innovative level of advice and hands-on service. You can expect to work with one and possibly two advisors, plus an additional team member who can help with paperwork and general client services. Please visit Meet Your Team for more information about our advisors. (insert link connecting to that section.)
    • How do I pay for services?In general, all accounts $30,000 and greater are charged an asset-based fee. Commissions may be paid to the advisor on insurance policies, 529 college savings plans, accounts under $30,000, and select employer-provided retirement plans. We do not receive compensation based on referrals.
    • What is WealthCare?WealthCare is caring about peoples hopes, dream and aspirations and making sound financial decisions to help achieve those ideals. Please visit WealthCare for more information. (insert link connecting to that section.)
    • What is the WealthCare process?In essence, its a process rather than a financial product or services. This process is derived from the combination of the Certified Financial Planner Board of Standards, Inc. Financial Planning Process and the philosophy set forth by our broker dealer, 1st Global Capital Corp. See our WealthCare page for more information. (insert link connecting to that section.)
    • Does the WealthCare process require a lot of my time?Yes, at least in the beginning. We require detailed information about your financial history. After the initial data gathering, periodic updates will be necessary, but will be less time consuming.
    • What differentiates West Texas WealthCare Advisors, Inc. from other companies?We are CPAs and CFPs® professionals with a vast background in tax planning.
    • Is a financial goal plan required to engage West Texas WealthCare Advisors, Inc. for asset management services?Yes. A simple financial plan outlining your goals is required for clients with $30,000-$499,999 invested with us, and it requires little time. For clients with accounts greater than $500,000, a comprehensive financial plan outlining your goals is required, and involves a great amount of time.
    • Who holds my investments?We do not hold your money at our office. 1st Global Capital Corp. is our Broker Dealer and they provide access to all financial products. Your money will be held at the recommended product companys custodian or at National Financial Services, LLCs custodian. All 1st Global brokerage accounts clear through NFS.
    • What is your minimum asset requirement?The minimum asset requirement will be determined on a case-by-case basis. If you want help, we want to help you.
    • What is your investment policy?Diversification through multi-asset class investing. This philosophy has been thoroughly researched by our broker dealer, 1st Global Capital Corp. We agree with and believe this philosophy to be prudent and successful. 1st Globals investment philosophy is based on the principle of diversification. Diversification is a portfolio strategy designed to reduce exposure to risk by combining a variety of investments, such as stocks, bonds, real estate, and alternative investments like commodities that are unlikely to all generate parallel returns at the same time.

      1st Global has selected six core asset classes to populate its model portfolios: U.S. small capitalization equity, U.S. large capitalization equity, international equity, fixed income, real estate and alternative investments. 1st Globals model portfolios, composed of various blends of these six asset classes, are the embodiment of the 1st Global philosophy of diversification through disciplined asset allocation. Diversification of your overall portfolio does not assure a profit or protect against a loss in declining markets.

    • Are your fees tax deductible?Yes. Wealth management fees are typically deductible as a miscellaneous itemized expense IF your miscellaneous expenses exceed 2% of your adjusted gross income (AGI). Fees on qualified accounts are not deductible, but the fees are not taxed in the distribution from the account.
    • Will you do my taxes?Yes, but only in conjunction with wealth care services and will be determined on a case-by-case basis. We are unable to take on any new tax-only clients.
    • Will you advise me on my 401(k) plan assets?No. West Texas WealthCare Advisors, Inc. is not legally authorized to advise you regarding accounts that we are not representing. However, we will educate you on your 401(k) plan so that you are better equipped to make informed decisions.
    • What can I expect from my relationship with West Texas WealthCare Advisors, Inc.?Expect a relaxed and professional long-term relationship. We want to be your trusted advisor. Here, youre always welcome. Expect integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence.
    • How often are clients updated on their portfolios?

Performance Reports are sent out quarterly. Review appointments are required no less frequently than annually, and you may initiate an appointment at anytime

• • • How long has West Texas WealthCare Advisors, Inc. been in business?

West Texas WealthCare Advisors, Inc. was incorporated in January of 2006, but our advisors have been practicing accountants and financial advisors for more than a combined 100 years.

• • • Does a client have to stay with West Texas WealthCare Advisors, Inc’s service for any length of time?

No, we do not ask you to sign any type of contract that would lock you into a service plan.

• • • Is there a charge for the initial meeting?

No, we are not licensed to charge an hourly fee.

For any questions where further explanation is needed, please contact your nearest office.