Wmbc

Wealth Management and Business Concepts (WMBC) is an SEC registered investment adviser based in California, established in 2001 by David Scott Coles. The firm offers model portfolio management services with various investment objectives, including tax-exempt, tax advantage, income, balanced, growth & income, growth, and aggressive growth portfolios. Clients have the option to select different investment strategies based on their risk threshold and goals. WMBC provides financial planning services covering personal, tax & cash flow, investments, insurance, retirement, death & disability, and estate planning. Additionally, the firm offers Human Wealth Planning services focusing on subjective wellbeing, resources exploration, financial system design, and plan implementation. For model portfolio management services, fees are charged as a percentage of assets under management, with a minimum of $1,200. The firm also offers financial planning services with fixed fees ranging from $1,000 to $15,000 based on the complexity of the client's circumstances. Pension consulting services are available for various clients, including pension, profit sharing, and 401(k) plans. WMBC does not charge performance-based fees and does not engage in principal transactions. The firm does not vote proxies on behalf of clients and does not require fees in excess of $1,200 more than six months in advance. WMBC has no reportable disciplinary events and has custody over certain client funds, subject to an annual surprise examination. Clients have the option to purchase recommended investment products through other agents not affiliated with the firm.