RICHMOND, Va.--(BUSINESS WIRE)--Wealthcare Capital Management®, a leading provider of wealth management advisory services and systems, announced today the introduction of its Unified Managed Household (UMH) program, which is designed to deliver its exclusive patented wealth management process, Wealthcare.
“We have created an industry innovation that we believe will transform the perception of Wall Street so that advisors are seen as noble purveyors of valuable advice at a favorable price,” said David B. Loeper, president and chief executive officer of Wealthcare Capital Management. “Our patented process is unique to the industry since it doesn’t consider beating a benchmark as success. Instead, we measure success against reaching clients’ life goals and dreams,” noted Loeper.
“The days of non-integrated managed account platforms that focus on managing isolated accounts without taking a client’s life goals and other assets into consideration are numbered,” said Wealthcare Capital Management board member, Leonard Reinhart. “Investors should not have to pay substantial fees for a platform that does not capture the full purpose of their wealth - achieving their goals. Advisors have long recognized that clients expect management of life goals and income distribution, but they have not had a cost effective platform to execute these strategies. The platforms that do exist have been very expensive and generally focused on the value proposition of the product manufacturer, rather than the advisor. Wealthcare's patented platform is the first that bridges this gap, delivering low-cost investment strategies that are directly linked to each investor's life goals, while increasing the value of the advisor,” noted Reinhart.
The Wealthcare UMH is a comprehensive suite of services provided to financial advisors through Wealthcare Capital Management®. These services offer a unique wealth management discipline which positions clients’ life goals at the forefront of advice, while providing advisors support to best help their clients achieve those dreams.
The services provided to advisors include:
- Sophisticated planning to achieve client goals;
- Managed Portfolios guided by life goals;
- Sophisticated tax location management;
- Optimized tax and trading systems;
- Client dashboard that shows advisors on one screen the goal funding status for every client;
- Ongoing monitoring of the client’s progress toward goals including quarterly and ad hoc forward looking status reports;
- Marketing materials to illustrate the value of Wealthcare;
- Management and fee billing for held away assets, such as company sponsored retirement accounts and 529 plans;
- Costs that are dramatically lower than other managed account platforms.
Financial advisors have multiple options of how they can access the UMH program, whether it be in a sub-advisory or employee relationship.
About Wealthcare Capital Management®
Based in Richmond, Virginia, Wealthcare Capital Management® is powering the future of financial advising through a unique suite of asset management and advising services. Wealthcare’s goals-based advising approach allows advisors to give their clients measurable confidence in exceeding their goals without unnecessary sacrifice to their lifestyle, while avoiding undue investment risk. This process has been made available in an all-inclusive, low-cost and highly tax-efficient Unified Managed Household (UMH) program. Information about the company’s advisory services is available online at http://www.wealthcarecapital.com. Founded in 1999, the company is privately held.
Wealthcare Capital Management® is a DBA name of Financeware, Inc. Wealthcare Capital Management IP, LLC, a wholly-owned subsidiary of Financeware, Inc., controls or owns certain intellectual property rights developed by the companies, including U.S. Patent Nos. 6,947,904, 7,562,040, 7,650,303, 7,765,138, and 7,991,675.