Howard Capital Private Wealth
Advisors registered with WWA may recommend Private Wealth accounts to clients at their discretion. Private Wealth accounts must always be facilitated through Howard Capital Management ("HCM") directly because HCM is a pre-approved strategic partnership with WWA.
Basic Information
- Advisors must work direct with HCM operations staff to set-up Private Wealth accounts using the paperwork and terms required by HCM. These accounts do not flow through TD or Fusion, and are outside of WWA in every way with the exception of the Advisor payment process.
- HCM calculates and collects fees from clients on their end and delivers Advisor revenue directly to WWA. Advisors are then paid for Private Wealth business by WWA via the normal ACH process.
- WWA keeps 20% of HCM Private Wealth revenue before paying the remainder to the Advisor via ACH.
- Payments to Advisors by WWA for Private Wealth business are delivered combined with the normal WWA monthly ACH payments whenever possible. If payments are delivered to WWA late by HCM, then payments for Private Wealth business may be sent to Advisors on a later date as compared to the normal ACH payment.
- Advisors must identify themselves with HCM staff as a representative of WWA when working directly with the HCM Private Wealth group, otherwise accounts may not be set-up correctly for compliance purposes, and revenue payments may not be collected and delivered correctly through WWA.