"Fee Only" Advisor - We are "fee only" investment advisors. We receive no commission or other remuneration from any mutual fund company, bank or discount brokerage. We increase our income solely from increasing the value of your assets. Our management fee is billed four times a year at the end of each quarter and is computed on a sliding scale based on the average account value during the quarter. Example: a $200,000 account is billed at the rate of 2% per year; the fee of 0.5% is assessed at the end of each quarter based on the average account balance during the period.

 Initial Investment and Management Fee - Minimum initial account is $100,000. All fees assessed quarterly.  Werner Financial reserves the right to group all family accounts in the Banner, Banner PLUS and Banner SUPREME in order to provide the lowest fee possible based on aggregated assets.  There is a minimum fee of $30 per quarter for all accounts.  Fees are based on sliding scale:
 

 Statements - The brokerage house (Fidelity) holding your account sends you a confirmation of all transactions, as well as monthly and year-end statements. WFG sends you a quarterly statement detailing your account positions, changes in investment value of your portfolio and management fee.  We keep you informed about investment decisions through WFG's monthly newsletter.