Advance Wealth Management Service, LLC

Advance Wealth Management Service is an independent advisory firm that provides wrap asset management, financial planning and consulting, and related services to individuals, trusts, estates, charitable organizations and corporate entities; the firm reports discretionary management of about $88.5 million and delivers asset management exclusively through its sponsored wrap fee program. It also advises on 529 plans and offers both standalone and ongoing financial planning engagements that address retirement, estate, tax and corporate planning topics.

The firm manages wrap accounts on an individualized, discretionary basis and uses a mix of asset‑allocation, fundamental and technical analysis, sector analysis and fixed‑income strategies, with the occasional use of options (including six‑month-plus put purchases) for downside protection. Financial planning work can be one‑time or ongoing and typically includes reviewing employer‑sponsored plans and assets held away from the firm as part of a holistic plan.

Advance Wealth’s profile is noteworthy for a solo independent adviser because it sponsors and receives a portion of a wrap fee program and expressly serves corporate/business clients and institutional‑type accounts in addition to individuals, arrangements that are less common in this peer group. The firm’s brochure also discloses the use of client testimonials in advertising and highlights custodial and platform relationships (including Schwab) that provide services and benefits to the firm and may give rise to conflicts the firm must manage.