OUR STORY

Fichter Wealth Management, Inc. was created to solve a quandary in the financial services industry.  How do you resolve the conflict between the interests of large financial institutions with that of your clients?  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 different than those they payout (e.g., savings accounts and CD’s).  This difference is known as the spread, a quandary of conflicted interests that has perpetuated throughout the years. 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.

Desiring uncompromised independence, Rick founded Fichter Wealth Management in 1991, utilizing an independent broker/dealer by the name of Securities America, Inc. To further enhance the financial planning aspect for clients, Rick brought on his son, Richard N. Fichter III, as a financial consultant in 2004. Having earned an MBA in accounting and the Certified Financial Planner designation, his addition to the firm provides an ideal complement to Rick Jr.’s investment management skill set. In addition to our world-class support staff, Fichter Wealth Management works closely with other affiliated professionals in the fields of law and accounting to fortify our clients’ financial future.

We realize that publicly traded companies are too often more focused on increasing shareholder value rather than client value.  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.  As a business, we seek controlled growth so we may continue to provide highly personalized, premium service for a select roster of clients. 

Photos provided by Edge Imaging of WNY dave@edgewny.com