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Paladin Registry 5 Stars

This advisor or firm is a vetted, documented member of the Paladin Registry.

This advisor or firm received a 5 Star quality rating from Paladin’s research department. Paladin analysts use a proprietary algorithm to rate the quality of financial advisor and firm credentials, ethics, business practices, and services.

Paladin provides free information services to investors who rely on planners and investment advisors to help them achieve their financial goals. Paladin is the only SEC registered firm that vets, validates, and documents the quality of financial professionals and firms (since 2003).

Paladin Research Report For:

Glenn Wessel

Wessel Investment Counsel, L.L.C.

Glenn Wessel, a financial fiduciary has been a Paladin Registry member since 2005. He is the owner of Wessel Investment Counsel, L.L.C.. Glenn holds the Chartered Financial Analyst , Certified Public Accountant , Certified Financial Planner certifications and has over 32 years of experience. Glenn provides financial services to clients in the Asheville, North Carolina area.

I. Snapshot

A. Registry Member
  • Since 2005
B. Years of Experience
  • 32
C. College Degrees
  • Northern Illinois University - B.S.
D. Certifications
  • CFA®, CPA, CFP®
E. Financial Fiduciary
  • Yes
F. Business Philosophy
  • Read Business Philosophy

    The straight scoop:… If you’'re like me, you don'’t like partial truths, misleading statements, puffery, or anything else that smacks of bias. In that vein, I have taken great pains to create a fully independent investment advisory and financial planning practice that is honest and transparent to its core. If you'’ll spend a few minutes on my practice's website (button above), I am certain you will find my approach to be straightforward and sincere.

G. Asset Requirement
  • None

II. Contact Information

A. Key Contact
  • Glenn Wessel
B. Main Location
  • 22 S. Pack Square
    #400
    Asheville, North Carolina, 28801
C. Telephone
  • 828.232.2000
D. Comments
  • Located in the historic Jackson Building on the west side of Asheville's downtown fire department ...

III. Internet

IV. Firm(s)

A. Name of Firm
  • Wessel Investment Counsel, L.L.C.
B. Relationship to Firm
  • Owner
C. Name of RIA
  • Wessel Investment Counsel, L.L.C.
D. Name of Broker/Dealer
  • Shareholders Service Group, Inc.
E. Name(s) of Custodian(s)
  • Shareholders Service Group, Inc. / Pershing, LLC
F. Comments
  • The portfolios Wessel Investment Counsel (WIC) manages are held at Shareholders Service Group, Inc., but WIC does not represent that, or any other entity in any manner. As a fiduciary firm, WIC pursues only its clients' interests.

V. Credentials

A. Years of Financial Experience
  • 32 Years
B. College, Degrees, Years
  • Northern Illinois University - B.S.
D. Financial Industry Associations (Active Memberships)
  • Chartered Financial Analyst Institute
  • Certified Financial Planner Board of Standards, Inc.
  • North Carolina Board of Certified Public Accountant Examiners

VI. Registration, Licensing,
Compliance

A. RIA/IAR Registration
  • RIA and IAR
B. Type of RIA Registration
  • State - North Carolina
C. Industry Licenses
  • Other
D. Registration & License Numbers
  • CRD: 1430479
  • IARD: None
  • Insurance: None
E. State Licences
  • Financial Advice, Services for Fees: North Carolina
  • Investment Products for Commission: Not Applicable
  • Insurance Products for Commission: Not Applicable
F. Compliance Record (Investment)
  • No Disclosures
G. Compliance Record (Insurance)
  • No Disclosures
H. Criminal Disclosure(s)
  • None
I. Additional Disclosure(s)
  • Wessel Investment Counsel (WIC) represent its clients, not a brokerage firm, an insurance company, or any other entity. As such, WIC manages financial assets and... View More
    Wessel Investment Counsel (WIC) represent its clients, not a brokerage firm, an insurance company, or any other entity. As such, WIC manages financial assets and provide planning advice, but does not actually "sell" financial products as would a securities broker or insurance salesperson. Since WIC does not sell product, difficult-to-detect sales commissions are have no ability to taint any advice WIC may render. Although Wessel Investment Counsel (WIC) is registered only in the state of North Carolina, WIC has clients from quite a number of other states because many states allow registered investment advisory firms to have a small number of clients before registration becomes necessary.
J. View our ADV(s)
K. Links

VII. Business Data & Practices

A. Business Philosophy
  • Read Business Philosophy

    The straight scoop:… If you’'re like me, you don'’t like partial truths, misleading statements, puffery, or anything else that smacks of bias. In that vein, I have taken great pains to create a fully independent investment advisory and financial planning practice that is honest and transparent to its core. If you'’ll spend a few minutes on my practice's website (button above), I am certain you will find my approach to be straightforward and sincere.

B. Minimum Asset Requirement
  • None
C. Number of Current Clients
  • 80
D. Assets (Management, Advisement)
  • $61,252,934
E. Methods of Compensation
  • Hourly Fee
  • Fixed Fee
  • Asset-Based Fee
F. Methods of Communication
  • Face-to-Face Meetings
  • Telephone
  • Email
  • Skype/Video-Voice
G. Types of Reports (Frequency)
  • Performance (Quarterly)
  • Brokerage Statement (Monthly)
  • Newsletters (Quarterly)
H. Second Language(s)
  • None
I. Value Statement
  • View Value Statement
    Beware of watered-down advisor credentials. The credentials I have took me almost 13 years to acquire. Paladin rates credentials, too, and gives each of my credentials its best rating of 5 stars: CFA - "The most highly regarded credential that is currently available to financial advisors." CFP - "The most highly regarded financial planner designation." CPA - "The most recognized credential in the U.S." In contrast, people who sport sport insurance licenses and Series 6, Series 7, and Series 63 licenses that allow them to SELL commissioned insurance and securities products often study for just a few few months to obtaining their minimum-competency licenses. No advisor is likely be an expert on every topic, but I've done my homework because I have never had an interest in hiding biases in order to sell product ... as salespeople often do.

VIII. Clients & Services

A. Types of Clients
  • Individuals & Couples (Working)
  • Individuals & Couples (Retired)
B. Types of Financial Services
  • Planning Advice & Services
  • Investment Advice & Services
  • Other
C. Discretionary Asset Management
  • Discretionary and Non-Discretionary
D. Limited Engagement Services
  • Planning Only
  • Financial Plan Reviews
  • Investment Portfolio Reviews
  • Retirement simulation modeling to test one's ability to retire safely.
E. Comments
  • Although Wessel Investment Counsel (WIC) utilizes the services of a custodian to carry its clients' accounts, WIC is completely independent of its custodian (which is very different from being an independently-run office of that custodian). This arrangement allows it to pursue its clients' interests without interference from any outside party.

IX. Certification

Advisor Name
  • Glenn Wessel
Most Recent Update:
  • Jun 28, 2019

Email Advisor

Other

Wessel Investment Counsel can guide you to no-commission annuities if there seems to be a need for such a thing. (Tip: Annuities appear to be needed far less often than salespeople seem to sell them.)