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Wealth Management Services,LLC

Updated today

Total assets under management

$14,211,018

Total clients

36

33% high-net worth

Total advisors

2

of 2 employees

Firm size

Supported

1-3 advisors or $200M+ in AUM

Average clients per advisor

18

Average account size

$394,751

About

Wealth Management Services, LLC provides personalized, fee-only financial planning and investment management to individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations, and small businesses. The firm’s advisory services include cash‑flow analysis, retirement and education planning, tax planning, estate planning, and investment management; it does not sell commissioned insurance or annuity products.

The firm generally implements a strategic, core‑and‑satellite asset allocation using passive index and ETF exposures as the core and selectively adding active funds, with an emphasis on global diversification. According to the brochure, it managed roughly $13.2 million for about 37 clients as of October 31, 2023, and nearly all assets were handled on a non‑discretionary basis with trading executed under limited power of attorney or with client concurrence.

Compared with many peers, the firm’s advisory team includes both an attorney (J.D., CFP®) and a CPA (CPA, CFP®), and it discloses an affiliation with a separate entity that performs tax preparation; tax services are provided under a separate agreement rather than as part of the advisory contract. The firm is small in scale, uses negotiable fee arrangements, and emphasizes coordination with legal and accounting professionals when addressing complex tax and estate matters.

Client services

Financial planning Portfolio management Pension consulting

Expertise

General retirement planning Tax strategies for small businesses Cash flow / budgeting College savings (529s, UTMA, etc.)

Fee options

Fixed

Financial planning fees range from $1,500 to $5,000, negotiable; Retainer Agreement fixed annual fee of $1,500, negotiable.

Percentage

$0 - $1,000,000: 1.00% $1,000,000+: Negotiable

Project-based

Hourly rate of $250 for limited scope financial planning engagements and follow-on implementation work.

Other

Account minimum: No minimum account size for assets under management; however, when an account falls below $150,000 in value, a minimum annual fee of $1,500 is charged (this minimum fee may be waived at the firm's discretion). Minimum fee: Minimum annual fee of $1,500 charged when account value is below $150,000; fees are negotiable. Fee-only: Firm is strictly fee-only; no commissions or fees from product sales.

Main office location

Wealth Management Services,LLC

2 Lawrence Square, Suite B

Springfield IL 62704, United States

Number of offices

1

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

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