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Roseman Wagner Wealth Management Review

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Roseman Wagner Wealth Management, registered in 2008, serves 8 state(s) with a licensed staff of 3 advisors. Roseman Wagner Wealth Management manages $808.5 million and provides investment advisory services for 394 clients (1:132 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $2,051,929
Total AUM $808.5 million
Fee Range Ask firm
Advisor / Client Ratio 1:132
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 888-552-1524
Headquarters Rocklin, CA
Locations See locations
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SEC Filings View SEC IAPD CRD #148221


Disciplinary Questions


After checking the disciplinary records of Roseman Wagner Wealth Management, our system found no disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Roseman Wagner Wealth Management, our system has identified the following question(s) to ask. Learn more.


Does Roseman Wagner Wealth Management offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Does Roseman Wagner Wealth Management offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does Roseman Wagner Wealth Management perform side-by-side management? How does Roseman Wagner Wealth Management mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Does Roseman Wagner Wealth Management accept soft-dollar benefits? How do these benefits affect the firm’s selection of a broker-dealer partner?


Roseman Wagner Wealth Management receives soft-dollar benefits that could incentivize them to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best trade execution for their clients.


Which securities does Roseman Wagner Wealth Management trade for itself that it will also be recommending to me?


Roseman Wagner Wealth Management has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Roseman Wagner Wealth Management:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




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Other Firms


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This automated report was generated using SEC and FINRA data and was last updated on April 4th, 2021*. For data support, email "support@investor.com". Views: 85 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


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