Frequently Asked Questions

Frequently Asked Questions


The financial services industry is an evolving marketplace. Quite simply, a Registered Investment Advisor (RIA) is a financial advisor registered with a home state securities division and/or with the Securities and Exchange Commission (SEC) who provides wealth management services to clients. Registration must also be made on the state level within certain parameters. All Investment Advisory Representatives of Registered Investment Advisory firms, providing client financial consulting must pass the Series 65 Uniform Investment Advisor Law Exam conducted by the Financial Industry Regulatory Authority (FINRA).

LEWM, LLC is an independent Registered Investment Advisory firm. It is a progressive, client-centered business model in today’s dynamic landscape of money management. In contrast to traditional wire house brokers we have no ties to a large wall street firms. You receive advice unblemished by the conflict of interest that has plagued Wall Street firms. We are free to recommend the best financial products to help you meet your goals. And with no sales quotas, we can devote the time needed to properly research and monitor your investments. The independent aspect assures a client that the recommended investment vehicles are truly the best fit for the client versus in-house, adviser-centered vehicles that can create conflicts of interest. Also, LEWM is permitted to offer clients institutional class investment opportunities not available through all types of advisors. Bottom line, LEWM is set-up as the financial advisory model of choice today – removing conflicts of interest while placing the advisor and client on the same side of the table – together as a team.

LEWM,LLC is a Registered Investment Advisor Firm regulated by the the state of Illinois, and all the other states where business is conducted within defined parameters and advisory laws.

LEWM, LLC currently also maintains clients in Alabama, California, Florida, Missouri, Texas, Virginia, and Wisconsin. LEWM can maintain clients in all 50 states. Investment laws will dictate when LEWM must register in each additional state or at the national level (based on the number of clients and assets under management by the firm). Face-to-face dialogue can only enhance the client-advisor partnerships. However, today’s technologies offer tremendous opportunities for very successful, long distance advisory relationships.

LEWM takes this topic very seriously and has implemented safeguards and procedures to ensure security, confidentiality and integrity of non-public, personal client information.

Designation of an outside compliance firm, delivery of Privacy Notices, and implementation of security measures including employee authorizations, encryption, physical record storage, firewalls and rules of sharing data with third party service providers all contribute to a comprehensive plan to protect against unauthorized access.

LEWM does not hold your assets. Fidelity Investments is the primary custodian of equity assets. Annuities assets are held at respective insurance companies. Both LEWM and Fidelity are members of the Securities Investor Protection Corporation (SIPC). The assets you have with LEWM, LLC are insured by the SIPC up to $500,000 for each separate account, including $100,000 in cash. SIPC does not protect your investment principal from market volatility; however, it does provide protection in the event the custodian goes out of business.

To be clear, absolutely not! Remember, LEWM assists clients in evaluating risk profiles, setting goals, and implementing an active and passive, institutional class index-oriented investment portfolio based on proper asset allocation and financial planning. This disciplined strategy targets a specific point on the efficient frontier where the resulting portfolio has the highest expected return for a desired client risk level. Short term results may be volatile.