Wealth Management Solutions, LLC

Wealth Management Solutions, LLC is a California-based firm established in November 2003 and registered as an investment adviser in May 2021. The principal owner is Richard A Riva. The firm specializes in portfolio management services tailored to individual client goals, risk tolerance, and time horizons. Clients receive Investment Policy Statements outlining their current situation and aiding in portfolio selection. Wealth Management Solutions seeks discretionary authority from clients to make investment decisions in line with fiduciary duties. The firm manages held away assets through a third-party platform, Pontera, with a focus on improving performance and minimizing losses. Financial planning services cover investment, life insurance, tax, retirement, college, and debt planning. The firm primarily advises on mutual funds, fixed income securities, real estate funds, insurance products, equities, and ETFs. Clients must have a minimum account size of $250,000, which may be waived. Fees for portfolio management range from 0.50% to 1.75% based on assets under management. Financial planning fees vary from $1500 to $6000 or hourly rates. Wealth Management Solutions does not accept performance-based fees and provides services to individuals, high-net-worth individuals, charitable organizations, and corporations. The firm uses charting analysis, fundamental analysis, and modern portfolio theory in its investment strategies, with a focus on risk management. Clients receive regular reports and reviews of their accounts. The firm does not receive economic benefits for advice rendered to clients and does not compensate non-advisory personnel for client referrals. Wealth Management Solutions does not have custody of client assets beyond fee deduction arrangements. The firm provides discretionary and non-discretionary investment advisory services, with discretionary authority granted based on client agreements. Clients are responsible for proxy voting of their securities, and the firm's financial condition is sound, with no bankruptcy petitions in the last ten years.