Independence
Most financial advisory firms are Fee-Based (as opposed to Fee-Only), which means their compensation consists of both fees and commissions. Other firms are commission-based, which leads to a product sales-based relationship rather than a true advisory service.
At PWM we pride ourselves in serving our clients under a fee-for-service relationship. This structure allows us to sit on the same side of the table as our clients, objectively considering your financial options. We receive no third-party commissions, sales loads, or back-end fees, which removes conflicts of interest that could influence an advisor’s recommendations.
Given our independent structure we do not pressure our clients to terminate other advisory relationships such as your attorney, investment professional, or accountant. PWM collaborates with your other professional advisors to achieve your goals. However, if you do not have a local advisor that you use or there is a need to add and/change a specific advisor, PWM has a network of independent advisors that we work closely with in each area of your financial plan from contract attorneys, pension attorneys, insurance agents, to pension administrators.