Smitha Thomas
Smitha Thomas is a CFP-designated registered investment advisor at Wealthcare Advisory Partners LLC, based in Lucas, TX, with 20 years of industry experience. Smitha 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
Lucas, TX
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Regulatory History (2)
Financial
March 2022Customer Dispute
March 2004Other Business ActivitiesSells Insurance
Smitha is a licensed insurance agent selling non-variable insurance products since 2016. This activity takes nearly full-time hours, with 150 hours dedicated during securities trading.
Employment History
Current Registrations
Wealthcare Advisory Partners LLC
Previous Registrations
LPL Financial LLC
Independent Financial Partners
LPL Financial LLCBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Chase Investment Services CORP.
Chase Investment Services CORP.Broker
Lifetime Wealth Management P.C.
MML Investors Services, INC.
MML Investors Services, INC.Broker
Vsr Financial Services, INC.Broker
Vsr Advisory Services
PFS Investments INC.Broker
Lee Financial CORP
Pruco Securities, LLC.Broker
State Registrations1 state
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.