Timothy Lata
Timothy Lata is a ChFC-designated registered investment advisor at Wealthcare Advisory Partners LLC, based in Clarkston, MI, with 33 years of industry experience. Timothy operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 9,142 clients with $6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
WCAP offers investment management services where fees are based on a percentage of the assets they manage. The specific percentage can be up to 1.85% annually, depending on factors like the types of investments, the size of your account, and any special reporting or restrictions. Fees are generally paid quarterly, in advance. WCAP may offer discounted rates to employees, their families, and very high net worth clients. If WCAP uses independent managers, your overall fees will include WCAP's fee plus the manager's fees. WCAP also offers a wrap fee program where transaction costs are included in the overall advisory fee.
Location
Clarkston, MI
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Regulatory History (1)
Customer Dispute
December 2016Other Business ActivitiesSells Insurance
Timothy operates Wealth Management Services, LLC as a DBA for his LPL business, dedicating full-time hours to it. He also engages in non-variable insurance activities through Wealth Management Services, LLC, spending a few hours per week on it.
Employment History
Current Registrations
Wealthcare Advisory Partners LLC
LPL Financial LLC
Wealth Management Services, LLC
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Integrated Wealth Concepts LLC
Wealthcare Advisory Partners LLC
LPL Financial LLC
Securities America Advisors, INC.
The Professional Advisor Group, LLC
Securities America, INC.Broker
NFP Securities, INC.Broker
Eq Financial Consultants, INC.Broker
The Equitable Life Assurance Society of the United StatesBroker
State Registrations17 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.