Wintrust Wealth Management Account Type

Wintrust Wealth Management offers several types of advisory services accounts designed to cater to various investor needs. These accounts differ from traditional brokerage accounts by eliminating commissions on individual transactions and instead charging a fee based on the account size. The primary types of advisory accounts available include:

• Client-Directed Accounts: The client makes all investment decisions, providing flexibility to shift investments without incurring commissions.
• Outside Money Manager Accounts: An external money manager is employed to make investment decisions, often with a wrap fee structure that consolidates all expenses into one fee.
• Financial Advisor Accounts: Clients can engage with a financial advisor who manages the account while considering the clients investment objectives and risk tolerance.

These advisory services accounts are tailored primarily for portfolios of $100,000 or more, although some programs can accommodate portfolios starting at $25,000.

Wintrust Wealth Management Broker Account Opening Process

Opening an advisory services account with Wintrust Wealth Management involves several straightforward steps:

• Initial Consultation: Schedule a meeting with a financial advisor to discuss your investment goals, risk tolerance, and financial situation.
• Account Setup: Complete the necessary application forms, providing personal information such as your social security number, employment details, and financial data (e.g., annual income, net worth).
• Investment Profile Development: The financial advisor will create a comprehensive investment profile that outlines your risk tolerance, income needs, and overall investment objectives.
• Funding the Account: Deposit the required minimum amount to activate your account. This can typically be done through bank transfer or check.
• Ongoing Review: Once the account is established, you will receive quarterly performance reviews to monitor your investment progress and make any necessary adjustments.

By following these steps, you can successfully open an advisory services account tailored to your investment needs at Wintrust Wealth Management.