2024 WMBC Keynote: Let’s go Farther, together

Let's go Farther, together

2024 KEYNOTE

”WMBC is thrilled to announce an exciting new partnership with Farther, a cutting-edge financial technology firm, that will revolutionize the way we serve our clients. This collaboration will take effect on January 15, 2025 and will enhance WMBC’s ability to deliver comprehensive and personalized wealth management services.

David ColesPresident, WMBC
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HUMAN WEALTH™

In the 2024 keynote address, WMBC President David Coles and Founder Scott Coles reflect on the company’s 22 years of service and highlight the evolution of their innovative Human Wealth™ methodology. This approach, introduced in 2017, integrates clients’ subjective and material lives, enabling them to communicate what matters most and translate those values into actionable financial strategies.

The keynote speakers emphasize that financial security is just one aspect of overall well-being. They discuss the interconnectedness of well-being attributes, such as community connections, financial capability, vitality, and meaningful activities.

They also outline the eight key life transitions that significantly impact wellness, including retirement, becoming empty nesters, career changes, becoming caregivers, and experiencing the death of a loved one. WMBC’s Human Wealth™ methodology has equipped the company to better support clients through these crucial phases.

David Coles also reviewed the progress of WMBC’s Intentional Investment Management approach, introduced in 2019, which has enhanced client access to diverse financial portfolios. This approach focuses on diversifying investments among different sectors in the market, both domestically and internationally, to ride momentum and provide clients with more stability in their investment strategies.

FARTHER

The new partnership with Farther builds upon WMBC’s existing commitment to holistic wealth management. Farther’s platform will provide clients with a centralized hub for all their financial needs, including:

  • Tax-Sensitive Portfolio Management: Customized portfolios with opportunities for tax loss harvesting across entire households, potentially earning clients 1-2% more growth without increasing risk.
  • Expanded Access to Industry-Leading Portfolios: Including BlackRock, JP Morgan, and more.
  • A Larger Suite of Alternative Investment Platforms: Offering clients more diverse investment opportunities.
  • Comprehensive Financial Life Coordination: Encompassing asset management, tax planning, insurance, trusts and estate planning, and lending opportunities.
  • Increased FDIC Coverage on Deposit Accounts: Providing clients with enhanced financial security.
  • Expanded Service Team and Financial Professionals: Dedicated and efficient client support, handling account opening, and addressing all other account service needs, aiming for quick response and turnaround times. Including Certified Financial Analysts and Certified Financial Planners.

What’s Not Changing?

  • WMBC’s commitment to personalized service: Advisors will continue to prioritize face-to-face interactions and maintain strong relationships with clients.
  • Fees: Clients will experience no changes to their current fee structure.
  • Portfolios: Existing client portfolios may remain on the current platforms.
  • Human Wealth™ Methodology: This approach remains the foundation of WMBC’s client relationships and services.
  • Existing Account Details: Client’s existing account details such as account numbers and log in information with the custodians are not changing.

WMBC is confident that this partnership with Farther will empower the company to deliver even more comprehensive, personalized, and technology-driven wealth management solutions, further enhancing the security and fulfillment of their clients.

Stay tuned for more information in the coming weeks about the transition!

Company Updates | December 1, 2024 | WMBC

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