MWM is a fee-based asset manager, meaning we bill on the value of assets under management; we do not receive commissions, nor do we sell products or participate in wrap fee programs.
We are required to custody your money with a third party which is in your best interest. Currently we use UBS Financial Services, Charles Schwab, and Fidelity Investments. These custodians may charge commissions or transaction fees; however, we have negotiated favorable rates for our clients. Since our investment philosophy is a long term buy and hold approach, brokerage commissions are not a meaningful expense.
We are long term investors and are interested in prompt executions. We believe successful investing, over time, involves attention to business cycles, price, and active asset allocation.
Additional information about Massachusetts Wealth Management is available on the SEC website at www.adviserinfo.sec.gov. You can search this site by a unique identifying number, known as a CRD number. Our firm’s identification number is 1160235.