Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
6 advisors
Number of Clients
21 clients
Average Client Portfolio
$724K average
Assets Under Management
$15.2M

Fee Structure

Minimum Investment:$50K
Hourly Rate:Up to $250/hr

Fees for portfolio management are charged as a percentage of assets under management. For assets between $50,000 and $250,000, the fee ranges from 1.00% to 2.00%. For assets between $250,000 and $1,000,000, the fee ranges from 0.65% to 2.00%. Fees for assets over $1,000,000 are negotiable. If a third-party advisor is selected, their fee schedule will apply. Management fees are generally deducted from client accounts at the end of each calendar quarter, but clients can elect to be billed directly. Fees may be negotiable under certain circumstances. Hourly charges are not to exceed $250.00 per hour, or fees exceeding 2% of assets annually. WCSI generally requires accounts have a minimum of $50,000 when opened, however the minimum may be waived in certain circumstances.

Areas of Practice
Investment ManagementFinancial Planning & Coaching
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Advisor Information

Office location

San Antonio, TX

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Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Employment Separation After Allegations
February 2015
Other Business ActivitiesSells Insurance

Jiexiong is a health insurance agent for Humana Health Insurance and a sales agent for Benefits Mall, selling health insurance and medicare. He is also an associate with Life Marketers, providing life insurance and fixed annuities, dedicating a few hours per week. Additionally, Jiexiong is the President of JMW Technologies, Inc., managing business accounts for minimal time.

Employment History
Current Registrations
World Choice Securities, INC.
February 2017 - Present · 8 yrs 11 mos
World Choice Securities, INC.
January 2017 - Present · 9 yrs
World Choice Securities, INC. Broker
January 2017 - Present · 9 yrs
Previous Registrations
Transamerica Financial Advisors, INC.
January 2012 - February 2015 · 3 yrs 1 mo
Transamerica Financial Advisors, INC Broker
January 2012 - February 2015 · 3 yrs 1 mo
Investment Advisors International, INC.
November 2010 - January 2012 · 1 yr 2 mos
World Group Securities, INC.Broker
December 2006 - January 2012 · 5 yrs 1 mo
State Registrations2 states
CATX
AdvisorBrokerBoth
Exams
No exam information available for this advisor.