FAQs

1) What is a Registered Investment Advisory firm?

As defined by The Investment Advisors Act of 1940, a Registered Investment Advisor (RIA) is “a person or firm that, for compensation, is engaged in the act of providing advice, making recommendations, issuing reports or furnishing analyses on securities, either directly or through publications.”

2) What is the "fiduciary standard"?

n. “The strictest duty of care as recognized by the US legal system.”

As established in The Investment Advisors Act of 1940, the fiduciary standard compels advisors to place their clients’ needs above their own. At WJ Wealth Management the Fiduciary Standard dictates that our team to act solely in our clients' best interests rather than those of the firm. 

3) What is a CERTIFIED FINANCIAL PLANNER™?

The CERTIFIED FINANCIAL PLANNER™ (CFP®) designation is one of the most prestigious in the financial services industry. As conferred by the Certified Financial Planner Board of Standards, an advisor’s CFP® title embodies their commitment to excellence and expertise across a spectrum of financial services. While the general term of “financial planner” has become pervasive in the industry, the CFP® professionals at WJ Wealth Management are bound by their comprehensive training and adherence to uncompromising principles.

4) What is a fee-based investment advisor?

Fee-based investment advisors typically charge annually based on a set percentage of their clients' invested assets. We do not charge commissions. This fee-only structure helps uphold our fiduciary responsibility and promotes our clients’ best interests.

5) What is an "independent" advisor?

In today’s globally connected economy investors can access a wide range of financial institutions. From "wire houses" and banks to regional and boutique firms, clients have more freedom than ever before in selecting their financial partners. Independent advisors can provide investment products to clients with objectivity. At WJ Wealth Management we pride ourselves on our independence. We are not owned or sponsored by any outside company and are not obligated or compensated to recommend any vendor's investment products. And our relationship with LPL Financial, the largest independent broker-dealer in the nation*, allows us unbridled access to some of the industry’s best investment resources.

*As reported by Financial Planning magazine, June 1996-2020, based on total revenue.