Whiston Asset Management Group
Although many brokers offer investment advice and financial planning services (and often portray themselves as "advisors" in their marketing materials), there are fundamental differences between a broker and an Independent Registered Investment Advisor (RIA) like Whiston Asset Management Group, Inc. (WAMG)
Broker - Primarily in the business of buying and selling securities for commission.
RIA-WAMG - In the business of providing advice and managing money for a fee.
RIA compensation is based upon performance and bonus'.
Broker - Representatives are typically contractors or employees of a larger broker dealer.
RIA-WAMG- Independent, and not owned by another company.
Broker - Typically compensated by commissions and mark ups on transactions; NOT required to disclose compensation.
RIA-WAMG- Compensated by fees and bonus'; all of which are fully disclosed and with no commissions on investment portfolio's .
Broker - Regulated primarily by The Financial Industry Regulatory Authority.
RIA-WAMG - Investment advisers are primarily regulated by the U.S. Securities and Exchange Commission (SEC) or by one or more state securities authorities.
Broker - Held to "suitability standards" - must have reasonable grounds to believe a transaction they recommend is suitable for the investor.
RIA-WAMG - Held to FIDUCIARY standards - required to act in our clients' best interests at all times.
Whiston Asset Management Group, Inc 445 Park Ave., 9th Fl. New York, NY 10022. Telephone: (212) 717-0557 info@whistonassetmanagement
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