Fichter Wealth Management, Inc. was created to solve a quandary in the financial services industry. How do you resolve the conflict between publicly traded companies that are too often more focused on increasing shareholder value rather than client value? Furthermore, how do you properly motivate professionals while retaining objectivity?
Our Story begins with founder and President Richard N. Fichter Jr., where in 1983 Rick began in the investment banking industry with Empire of America. It quickly became apparent that the interest rates banks charge customers (e.g., bank loans and credit cards) are much higher than those they payout (e.g., savings accounts and CD's). This difference is known as the spread, creating a quandary of conflicted interests that has perpetuated throughout the financial realm. After two years, Rick joined Morgan Stanley Dean Witter where he became Vice President of Investments. The implied mandate to push proprietary products and meet sales quotas countered Rick's efforts to provide unbiased advice and service; the second quandary.
However, it was not long before Rick noticed a new set of issues that hindered clients’ success. The implied mandate to push proprietary products and meet sales quotas countered Rick's efforts to provide unbiased advice and service; the second quandary. Desiring uncompromised independence, Rick founded Fichter Wealth Management in 1991, utilizing an independent broker/dealer by the name of Securities America, Inc. to directly align our interests with that of our clients we are fee-based (not commission-based), employee-owned, and independent. To cultivate ongoing relationships, we are a small, family firm by design.
With a strong background in investments, Rick sought to further enhance the financial planning aspect of the firm. He has since brought on two of his sons, Richard Fichter III, CFP® and Jonathan Fichter, CFP Applicant. Their financial planning focus provides an ideal complement to Rick Jr.'s investment management skill set. In addition to our expert support staff, the firm is also comprised of five other Securities America advisors. Their specialties & backgrounds include insurance protection, estate and trust planning, commodities trading, and stock options, completing our comprehensive approach to wealth management. Our firm also is well-equipped to work closely with our client’s existing team of affiliated professionals if already in place to fortify our clients' financial future.
We realize that managing finances can be bewildering and stressful, and that not everyone has the time, energy, or skillset for it. Our firm is a good choice for individuals who desire a practical plan and the security of knowing that their finances are in experienced hands. With our time-tested and disciplined approach, we strive to earn the status of trusted advisor and welcome an opportunity to provide you with same.
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