CWM announces transition to RIA model

Comprehensive Wealth Management (CWM), a family-owned wealth management firm, today announced that its financial advisors will operate exclusively as Registered Investment Advisors (RIAs) moving forward. The strategic transition aligns with CWM’s commitment to client service, allowing the entire team to lean in to their fiduciary role and focus solely on high-touch, holistic and intentional investment planning and implementation.

“We’re excited to make this change as part of our continual effort to give clients the most comprehensive and dedicated service possible,” said Shilo Lockett, President of CWM. “In looking at where we can be most effective for our clients, acting solely as an RIA allows our advisors to focus on what they do best – offering personalized wealth management services to align with our clients’ lifestyle goals at every stage of life.”

Specifically, CWM’s financial planners and investment advisors have been jointly credentialed as registered representatives of a broker-dealer and investment advisor representatives of their independent RIA for decades; moving forward, they will no longer act as registered representatives of a broker-dealer.

The shift is the culmination of a long-term mission at CWM to move toward a primary focus on the fiduciary role: Providing holistic investment advice with the best interest of the client as the primary focus. By reducing the tactical, regulatory and administrative load of broker-dealer management operations, CWM advisors can focus on giving the best advice possible, connecting clients with trusted partners when their needs extend to brokerage products or another financial relationship.

From a client perspective, the change will have very little impact on day-to-day service. In fact, with fewer back-end regulatory and administrative tasks, CWM staff will have more time dedicated to white-glove client support and service.

If an individual or family would benefit from investment vehicles available only through a broker-dealer, the CWM team will still be able to coordinate those opportunities through a strategic partner hand-selected to fill those needs.

“We’ve been working toward this milestone for many years – it’s a win-win for our clients and our team,” said Brian Lockett, Vice President and Lead Advisor at CWM. “We’re thrilled to be launching the next chapter of CWM’s journey to help thoughtful investors strengthen their financial health and pursue the goals that allow them to live richly.”

Comprehensive Wealth Management, LLC (CWM) is an SEC registered Investment Advisor and Pacific Northwest wealth management firm that partners with clients to articulate and help achieve their financial goals as prudently as possible. Our high-touch, client-focused investment planning and implementation makes us the first call for executives, business owners, and other thoughtful investors to help strengthen their financial health holistically and intentionally, managing risk while pursuing long-term gains.

All investments involve the risk of potential investment losses as well as the potential for investment gains. Past performance is no guarantee of future results. This communication is informational only and is not a solicitation for investment advice.