Whiston Asset Management is a Fee based Registered Investment Advisory Firm
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.
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; all of which are fully disclosed and deductible with no commissions on investment products.
Broker - Regulated primarily by The Financial Industry Regulatory Authority.
RIA-WAMG - Regulated by the Securities and Exchange Commission and applicable state laws.
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.