Wessel Investment Counsel, L.L.C.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$108,681,680
Clients
97
26% high-net worth
Advisors
1
of 2 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
97
Very HighAverage account size
$1,120,430
About
Wessel Investment Counsel provides personalized asset management and financial planning services to individual clients, including both high‑net‑worth and non‑HNW households. The firm offers both discretionary and non‑discretionary portfolio management alongside point‑in‑time financial planning on an agreed scope.
Investment decisions draw on a mix of fundamental, technical, and cyclical analysis and incorporate third‑party research sources such as Morningstar, CFRA, Credit Suisse, Value Line, and Zacks; accounts are monitored regularly with formal reviews and quarterly reporting. The firm manages assets held in brokerage accounts as well as annuity contracts, and may implement margin or options strategies only when clients have provided specific authorization.
Noteworthy features include a fee‑only business model and an explicit policy not to market or accept compensation from annuity issuers while still providing selection and oversight of investment choices within annuity contracts. The firm is small and privately held, its principal holds CPA, CFA, and CFP credentials, and it maintains a working relationship with the Altruist custodian to streamline execution and reporting.
Client services
Financial planning
Portfolio management
Expertise
Options & derivatives strategies
Fee options
Financial planning fixed fees typically range from $1,000 to $2,500 (negotiable)
$0.00 - $99,999.99: 1.00% with discretionary authority $0.00 - $99,999.99: 1.30% without discretionary authority $100,000.00 - $249,999.99: 0.85% with discretionary authority $100,000.00 - $249,999.99: 1.15% without discretionary authority $250,000.00 - $499,999.99: 0.75% with discretionary authority $250,000.00 - $499,999.99: 1.05% without discretionary authority $500,000.00 - $749,999.99: 0.65% with discretionary authority $500,000.00 - $749,999.99: 0.95% without discretionary authority $750,000.00 - $999,999.99: 0.50% with discretionary authority $750,000.00 - $999,999.99: 0.80% without discretionary authority $1,000,000.00 - $1,999,999.99: 0.30% with discretionary authority $1,000,000.00 - $1,999,999.99: 0.60% without discretionary authority $2,000,000.00+: 0.20% with discretionary authority $2,000,000.00+: 0.50% without discretionary authority
$60 per hour (negotiable)
Fee-only: Asset management fees up to 1.00% (with discretion) or 1.30% (without discretion); flat .50% on annuity assets; Financial planning hourly rate $60/hr (negotiable), fixed fee $1,000 - $2,500 (negotiable)
Main office location
Wessel Investment Counsel, L.L.C.
22 South Pack Square, Suite 400
Asheville NC 28801-3500, United States
Number of offices
1
Most active in
Wessel Investment Counsel, L.L.C. has reported serving >5 clients in these states in the last 12 months.
Louisiana · North Carolina
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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