Adam Sommers is a registered investment advisor at Wealthcare Advisory Partners LLC, based in West Chester, PA, with 15 years of industry experience. Adam 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
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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
1065 Andrew Drive, West Chester, PA, 19380
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Regulatory History (1)
Regulatory
July 2021Other Business Activities
Adam owns Sasom Holdings LLC, a real estate holding company, dedicating a few hours per week to managing maintenance and rental activity. He also serves as Treasurer and Director on the Skyline Bel Air Estates Homeowner's Association Board of Directors, spending minimal time on this role.
Employment History
Current Registrations
Wealthcare Advisory Partners LLC
Previous Registrations
Sommers Financial Management
State Registrations3 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.