Elmer Wessel is a CFA, CFP-designated registered investment advisor at Wessel Investment Counsel, L.L.C., based in Asheville, NC, with 22 years of industry experience. Elmer operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 97 clients with $110M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.00% |
| $100K - $250K | 0.85% |
| $250K - $500K | 0.75% |
| $500K - $750K | 0.65% |
| $750K - $1000K | 0.50% |
| $1.0M - $2.0M | 0.30% |
| $2M+ | 0.20% |
These rates apply when WIC has discretionary authority. Without discretionary authority, the rates are higher: 1.30% (up to $99,999.99), 1.15% ($100,000.00 - $249,999.99), 1.05% ($250,000.00 - $499,999.99), 0.95% ($500,000.00 - $749,999.99), 0.80% ($750,000.00 - $999,999.99), 0.60% ($1,000,000.00 - $1,999,999.99), and 0.50% ($2,000,000.00 & up). For assets held in an annuity environment, the fee is a flat 0.50%.
Fee Estimator
Location
22 South Pack Square, Suite 400, Asheville, NC, 28801-3500
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Wessel Investment Counsel, L.L.C.
Previous Registrations
Parsec Financial Management, INC
State Registrations2 states
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