Frequently Asked Questions

Answers to common questions about The Wealth Consulting Group, how we work with individuals and families, and what we offer independent financial advisors. Don't see your question here? Contact us.

About WCG

What is The Wealth Consulting Group?

The Wealth Consulting Group (WCG) is a national wealth management firm with roots dating to 1995. WCG advisors serve individuals, families and business owners as their Personal CFO, backed by a central investment team, a dedicated planning and retirement group and the Advisor Resource Center for advanced tax and estate cases. About us

How big is WCG?

As of July 31, 2026, WCG is a national firm with 133 advisors in 15 states and $12.1 billion in assets under advisement. Our story

Who founded and leads WCG?

WCG was founded by CEO Jimmy Lee, who began his career in financial services in 1995 and spent nearly two decades managing branch offices inside two Fortune 100 firms before building the firm he wished he'd had. The leadership team includes President Andy Kalbaugh, CFO Jason Ehrlich and Chief Investment Officer Jim Worden. Meet our team

What is The Bull of Wall Street?

The Bull of Wall Street is WCG's podcast for financial advisors and investors, hosted by Founder and CEO Jimmy Lee with members of the WCG investment team and guests from across the industry. Episodes cover markets, succession planning, technology and practice growth. Listen to the podcast

For Individuals and Families

What is a Personal CFO?

Fortune 1000 companies have a CFO making sure the financial side is planned, coordinated and executed. A WCG Personal CFO plays that role for a family: the first call for anything involving your money, including the plan, the portfolio, the tax conversation and the estate attorney, and accountable for seeing the work through. How we help

How is a Personal CFO different from a typical financial advisor?

Many advisors manage a portfolio and stop there. A Personal CFO takes responsibility for the follow-through across your whole financial life, like making sure a trust gets funded, a business is titled correctly and a tax strategy is revisited, working alongside your CPA and attorney. How we help

What services does WCG coordinate?

Services WCG provides directly or through partnerships include financial planning, investment management, tax strategies, estate and legacy planning, retirement income planning, insurance planning, business succession planning, executive compensation and benefits, charitable giving, education planning, trust services, corporate retirement plans, employee benefits, banking and lending referrals, and concierge and lifestyle services. What we coordinate

Will WCG work with my CPA and estate attorney?

Yes. We work alongside your CPA, your attorney and anyone else advising you so each piece of your financial life supports the plan. Where you don't have that bench, we help you build it. What we coordinate

How does WCG charge for its services?

Financial planning and investment management are fee-based. A brokerage account, when a position doesn't have a fee-based equivalent, is offered through WCG's affiliation with LPL Financial, and specific insurance needs are handled through WCG Insurance, WCG's licensed insurance agency. Your advisor will tell you plainly which applies and why. How fees work

How does WCG invest?

WCG uses a core and satellite approach. The core portfolio is built on Modern Portfolio Theory and strategic asset allocation, and a CIO-led Investment Strategy Committee builds satellite positions based on its view of the markets. Your advisor works with the committee to fit a fee-based model portfolio to your goals, timeline, risk tolerance and tax situation. How we invest

Who does WCG work with, and is there an asset minimum?

WCG works with clients whose financial lives take real work to run well, most often families building multigenerational wealth, business owners, families in transition, and pre-retirees and retirees. We don't lead with an asset minimum. What matters more is whether the coordination we provide would meaningfully improve how your financial life runs. Who we serve

What happens when I start working with WCG?

We connect you with an advisor near you who fits your needs. You tell them what is on your mind, and you leave with a written plan and a team responsible for following through. The plan is a working document that we revisit when your life, the markets or tax law change. How it works

For Financial Advisors

What kind of advisors join WCG?

WCG is built for planning-led, entrepreneurial advisors, from solo practices to multi-advisor teams, who want to grow for the long term, serve clients deeply and solve capital and succession questions without giving up their independence. For advisors

Is WCG an RIA or a broker-dealer?

WCG is a hybrid RIA. Investment advice is offered through WCG Wealth Advisors, LLC, an SEC registered investment advisor, and brokerage is offered through WCG's relationship with LPL Financial, Member FINRA/SIPC. Why WCG

What affiliation options does WCG offer?

Three: Hybrid RIA, serving advisory clients through WCG's RIA and brokerage clients through its broker-dealer relationship; RIA-only, for fee-only practices with no broker-dealer affiliation required; and Compliance and Regulatory Support, available to advisors coming from any firm. Affiliation options

What support does WCG provide advisors?

WCG advisors work with a CIO-led investment platform, a dedicated planning and retirement team, the Advisor Resource Center for advanced tax, estate and complex wealth cases, and centralized operations and technology, so they can spend more time with clients. Platform and support

What is the WCG Partners Program?

The Partners Program aligns advisors and the firm around shared enterprise value. Depending on where you are in your career, it can provide liquidity while you build, a succession path you design, a sale on your timeline or capital to acquire other practices. Capital and succession

Will my clients have to change custodians if I join WCG?

Transitions are designed to keep clients on their existing custodian platform whenever possible, so clients experience continuity and the value you've built transfers intact. Transitions

What is Ascend?

Ascend is WCG's repeatable framework for advisor growth. Advisors learn the best practices of top performers across the WCG network and apply them through four strategies: Personal CFO and wallet share, systematized referrals, consistent marketing and digital footprint, and operating like a CEO. Practice growth

Is a conversation with WCG about joining confidential?

Yes. Nothing you share leaves the conversation, and WCG will never contact anyone at your current firm. You can stop at any point. Start a conversation