Wambolt & Associates Review
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September 4th, 2021
Wambolt & Associates, registered in 2010, serves 7 state(s) with a licensed staff of 6 advisors. Wambolt & Associates manages $327.6 million and provides investment advisory services for 462 clients (1:77 advisor/client ratio).
Firm Information
| Summary | Firm |
| Overall Rating | |
| Minimum Investment | $0 |
| Average Client Balance | $709,146 |
| Total AUM | $327.6 million |
| Fee Range | Management fees range depending on your portfolio value and services provided. Our asset-based fee schedule has a blended tier rate to provide the greatest value to clients who consolidate with our firm. Services may include financial planning, proactive tax planning and preparation, estate planning, will and trust execution, and individual securities investments. Fees are available upon request. |
| Advisor / Client Ratio | 1:77 |
| Languages Offered | English |
| Specialities | Retirement Planning, Tax Planning, Business Owners, Estate Planning, Family Office |
| Website | Visit Site |
| Phone Number | 720-962-6700 |
| Headquarters | Littleton, CO |
| Locations | See locations |
| Visit Profile | |
| SEC Filings | View SEC IAPD CRD #153454 |
Investment Philosophy
Wambolt & Associates has been bringing value to clients for over 30 years. Our investment management approach is centered around designing custom financial plans, proactive tax and estate planning, and leveraging a broad array of tools that consistently enhance client planning outcomes. We operate as a fiduciary which means that every decision and recommendation is in our client’s best interest. We specialize in designing custom portfolio strategies with disciplined individual security selection and ongoing management. This allows us to control several aspects such as tax and cash flow planning, minimizing internal fees, and optimizing risk-adjusted returns. Proactively connecting our portfolio management expertise with tax and estate planning is where our clients succeed.
Disciplinary Questions
After checking the disciplinary records of Wambolt & Associates, our system found no disciplinary questions to ask. Checks take place monthly.
Conflict Questions
After checking the regulatory records of Wambolt & Associates, our system has identified the following question(s) to ask. Learn more.
Does Wambolt & Associates 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 Wambolt & Associates perform side-by-side management? How does Wambolt & Associates 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 Wambolt & Associates accept soft-dollar benefits? How do these benefits affect the firm’s selection of a broker-dealer partner?
Wambolt & Associates 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 Wambolt & Associates trade for itself that it will also be recommending to me?
Wambolt & Associates 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.
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 Wambolt & Associates:
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").
| Disclosure | Firm |
| 12B-1 Conflict | No |
| Attorney Conflict | No |
| Broker-Dealer Conflict | No |
| Performance-Based Fees | No data |
| Commissions Conflict | No |
| Insurance Agent Conflict - Affiliation | No |
| Insurance Agent Conflict - Firm | No |
| Non-Secure Website | No |
| Private Investment Management | No |
| Proprietary Products | No |
| Side-by-Side Management | No data |
| Soft-dollar Arrangements | Yes |
| Trades Recommended Securities | Yes |
FAQs
What services can Wambolt & Associates provide?
As a financial advisory firm, Wambolt & Associates can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds).
Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.
Where is Wambolt & Associates headquartered? Which states do its financial advisors serve?
Wambolt & Associates is headquartered in Littleton, CO. Wambolt & Associates offers financial advisor services in 7 states: Arizona, California, Colorado, Florida, Nebraska, Oklahoma, Texas.
What is the average client balance at Wambolt & Associates?
While Wambolt & Associates advises clients across a variety of portfolio sizes, the average client balance is currently $709,146. In total, Wambolt & Associates manages $327,625,599 in assets.
What is the historical performance of Wambolt & Associates?
The SEC, nor FINRA, tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.
Can I write a review of Wambolt & Associates or file a complaint?
investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
Other Firms
Baystate Wealth Management, Butler Financial Services, Stewardship Financial, Lisanti Capital Growth
This automated report was generated using SEC and FINRA data and was last updated on September 4th, 2021*. For data support, email "support@investor.com". Views: 405 (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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