Whiston Asset Management Group
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
com
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