Spelts Wealth Management, Inc

Spelts Wealth Management, Inc., established in 2015, is a financial advisory firm based in Chico, CA. Specializing in wrap fee programs, the firm acts as a fiduciary, always prioritizing clients' best interests. Their services include Wrap Asset Management, creating tailored portfolios of various securities based on client needs and goals. The firm charges a maximum annual fee of 1.75%, billed quarterly in advance based on account value. Clients are required to maintain a minimum account balance of $250,000. Spelts Wealth Management utilizes various investment strategies, including long-term purchases, trading, short sales, margin transactions, and option writing, aiming to meet client objectives while managing risks. Mark Warren Spelts, the President and Chief Compliance Officer, has a B.S. in Business Administration and extensive experience in the financial industry. While he has been involved in past client complaints settled through arbitration, he maintains licenses and examinations for his role. Spelts is also a licensed insurance agent/broker, with this outside business activity occupying about 5% of his time. The firm does not pay referral fees and has a Code of Ethics to ensure fair and ethical practices. Supervision of Spelts' activities is overseen by himself as the Chief Compliance Officer. He has not been involved in any significant legal or disciplinary events, bankruptcy petitions, or financial industry activities that could pose conflicts of interest.