White Sand Wealth Management

As a registered investment advisor, White Sand Wealth Management operates under a fiduciary duty to its clients. This means the firm is legally required to place client interests ahead of its own and to disclose any potential conflicts of interest. Unlike broker-dealers who can recommend products that are merely 'suitable,' RIAs must pursue the best execution and most appropriate investments for each client's situation.

White Sand Wealth Management uses Charles Schwab as its primary custodian. Client assets are held in accounts at Schwab, which provides independent custody, trade execution, and SIPC protection. The separation of advisory firm from custodian is a key structural protection: the advisor has authority to trade but cannot take custody of assets directly.

The firm typically charges an asset-based fee calculated as a percentage of assets under management. This fee structure is disclosed in Form ADV filings. Because compensation is tied directly to assets under management rather than transaction commissions, the fee model is designed to align the firm's incentives with long-term portfolio growth and client asset retention.

Many independent RIAs operate with minimum relationship sizes, often ranging from $500,000 to several million dollars, depending on the complexity of services provided. White Sand's specific minimums would be stated in its Form ADV Part 2A brochure, which the firm is required to offer to prospective clients.

White Sand operates as an independent RIA, meaning it is not employed by a large bank or brokerage firm. Structurally, this gives the firm freedom to select the best-in-class investments for each client without corporate mandates to promote proprietary products. The independent model also typically offers greater transparency into fees, as compensation is a direct advisory fee rather than embedded commissions or revenue-sharing arrangements.