Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $5.0M | 0.80% |
| $5M+ | 0.70% |
Custom fee schedule for portfolios greater than $10 million.
Fee Estimator
WMS Advisors charges a percentage of assets under management for portfolio management services. For clients not on the Service Offerings platform, hourly financial planning is available, ranging from $75 to $350 per hour, with a $500 advance retainer. The firm maintains a minimum investment level of $250,000, except for 529 plan clients where the minimum is $15,000. Commission-based accounts are also available through affiliated broker/dealer Purshe Kaplan Sterling Investments, Inc.
Areas of Practice
Advisor Information
Office location
6135 Park South Drive, Suite 510, Charlotte, NC, 28210
Get directionsRegulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is an insurance agent selling life, long-term care, disability insurance, and equity-indexed annuities, and also serves as a trustee for a testamentary trust. Additionally, David owns rental properties and a holding company.