Exciting Changes are Here at Bonnett Wealth Management
BWM Advisors has taken the helm as the sole advisory firm providing oversight of your investments.
Being independent is wonderful. It gives my firm lots of options in providing services. One thing new here is the launch of BWM Advisors, a Registered Investment Advisor or RIA. BWM Advisors is a separate company from Bonnett Wealth Management. Its purpose is to improve client services. Allow me to explain.
What is a Registered Investment Advisor?
An RIA is a registered business that can provide investment advice to the general public. (See more below.) By forming my own RIA firm, I can have client assets held by Charles Schwab Institutional Services, Securities America and a host of other qualified custodians. While Securities America will still be the custodian for many accounts, BWM Advisors will replace Securities America Advisors in providing oversight for client accounts.
What is the difference between Securities America Advisors and BWM Advisors?
Both SAA and BWM Advisors are RIA firms. Both provide financial planning and asset management services. In fact, I was a representative of SAA for many years, until forming my new RIA firm. Little in the oversight process will change. However, most clients will experience lower fees and lower custodial expenses.
Why will investment fees and expenses generally be lower?
All RIAs charge fees for financial planning and asset management services. Expenses vary depending on the account custodian. But …
- BWM Advisors uses the latest technology and client management processes. We believe this allows us to run more efficiently, more competitively and with a lower fee structure than many other RIA firms.
- BWM Advisors works primarily with low-cost qualified custodians to keep expenses down in maintaining accounts and administering trades. (For example, Charles Schwab does not assess any annual IRA fees at this time.) While some clients and portions of some clients portfolios will remain in custody with Securities America, in general new clients, existing clients with managed accounts and new investments from existing clients will make use of our new relationships with low-cost qualified custodians.
Why else are you forming BWM Advisors?
Setting up my own advisory firm has allowed me to work with some of the best technology partners in the business. These technology partners will provide access to your accounts over iPhone®, iPad® and Android® devices. Since these new platforms will integrate more easily with my practice, I believe BWM Advisors will be able to provide clients with faster and more reliable service — easier online access to accounts, real-time account balances, quick access to documents, such as tax forms and other documents you choose to place online, faster trading and more.
Are you leaving Securities America?
No. Securities America was recently acquired by a new parent company, Ladenburg Thalmann & Company Inc., an old investment banking firm established in 1876. The firm has been a member of the New York stock exchange since 1879. We have a good relationship with Securities America and will continue to use their custodial services.
I think you’re going to be very pleased with all that’s happening at Bonnett Wealth Management. I believe our new advisory firm, BWM Advisors, will bring many benefits to clients.
As always, I appreciate your continued business.
Sincerely,
Jerome “Joe” P. Bonnett, Jr., CFP®, ChFC®
Bonnett Wealth Management
(402) 556-8858 Telephone
800-956-8858 Toll Free















