Lorenz Wessler
Lorenz Wessler is a registered investment advisor at John Wessler & Associates, based in Waco, TX, with 19 years of industry experience. Lorenz operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Retirement Planning.
Compensation
Firm Size
IM Fee
Fee Structure
- Initial consultations to advise clients whether or not they can qualify for Medicaid or VA benefits are provided at no charge, unless out of town travel is involved or a client is referred by another professional for in depth financial analysis or strategy.
- Detailed consultation explaining the financial steps necessary to qualify for Medicaid or VA long term care benefits: $250 (typically takes up to 1-1/2 hours).
- Financial Planning Services: $250 per hour.
- Financial Planning Services: Negotiable fixed fee with a maximum fee of $25,000 based on services requested by the client.
Examples of fixed fees:
- Single surviving dependent spouse (asset protection plan, including determining eligibility for various benefits for long term care needs): $4,500 (approximately 18 hours of work).
- Single retiree (asset protection plan, including determining eligibility for various benefits for long term care needs): $4,500 (approximately 18 hours of work).
- Couple (asset protection plan, including determining eligibility for various benefits for long term care needs): $5,000 (approximately 20 hours of work).
- Full financial plan (tax planning, asset protection planning, retirement planning, estate planning and long-term care funding options): $15,000 (approximately 60 hours of work).
Location
3501 W. Waco Dr., Waco, TX, 76710
Get directionsHistory
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 →Other Business ActivitiesSells Insurance
Lorenz is the president of The Wessler Insurance Agency Group Inc. since 1987, dedicating full-time hours to selling and servicing life and health insurance. Lorenz also works as a paralegal at The Zimmerman Law Firm, focusing on Medicaid long-term care benefits, spending about half their time on this role.
Employment History
Current Registrations
John Wessler & Associates
Previous Registrations
Kalos Management
State Registrations1 state
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