William Mack & Associates

WMA operates on a fee-only retainer model, charging approximately 1% or less of assets under management annually. Fees are deducted directly from client investment accounts each quarter, accompanied by a fee-draft notice, portfolio summary, and market commentary. The firm states it receives no compensation from custodians Charles Schwab or Fidelity, nor from any mutual fund companies.

Both William Mack and Ted Bugenski hold CFP® (Certified Financial Planner) and CFS® (Certified Fund Specialist) designations. As CFP® professionals, they are bound by the CFP Board’s fiduciary duty to act with honesty, integrity, competence, and diligence. The CFS® credential signals specialized knowledge in mutual funds and portfolio construction.

Client portfolios are held at third-party custodians including Charles Schwab & Co. and Fidelity. WMA does not take physical custody of client funds. This separation of advisory and custodial functions is standard among independent registered investment advisers and reduces the risk of misappropriation.

There is no public evidence that WMA invests client capital in private equity, venture capital, hedge funds, or direct private-market transactions. The firm’s disclosed services — retirement planning, investment management, special-needs planning, and Social Security optimization — suggest a focus on publicly traded securities and mutual funds.

No. WMA is a fee-only registered investment adviser serving multiple individuals and families. It is not structured as a single-family office and does not manage the wealth of a single family or dynasty.