What if Wessel Investment Counsel were to go out of business?
While we don’t plan to, it is a fair question. If we were to go out of business, you would simply establish a new account or accounts with some other advisor or custodian. The account(s) we were managing for you will probably be able to be transferred to your new custodian according to automated industry standards. We would then promptly (by law) refund any unearned investment management fees to you, and we are subject to certain capital requirements to make sure we are able to do this. In the meantime, if you wanted to make any adjustments to your portfolio, you would simply call our broker (Shareholders Service Group) directly and they would handle your order instructions as would any other discount broker.
