Wealth Enhancement Brokerage Services, LLC Disclosures
Wealth Enhancement Brokerage Services, LLC (WEBS) is a registered broker-dealer committed to transparency and regulatory compliance. Below are summaries and links to key disclosures that provide important information about our services, compensation practices, regulatory requirements, and client protections.
Check the background of this firm or an investment professional on FINRA’s BrokerCheck.
Client Relationship Summary (Form CRS)
The Form CRS summarizes information about the services WEBS offers, the fees and costs associated with the services, conflicts of interest, legal standard of conduct, and disciplinary history.
Regulation Best Interest Disclosure
The Regulation Best Interest Disclosure provides information about the scope and terms of the relationship and business practices of WEBS with broker-dealer clients as well as material conflicts of interest.
The Privacy Policy outlines how WEBS collects, uses, shares, and protects your personal information in connection with our brokerage services.
SEC Rule 606 requires broker-dealers that route customer orders in equities and options to publish quarterly reports on their order routing practices. WEBS introduces transactions to its clearing firm, National Financial Services, LLC (NFS), on a fully disclosed basis. Because NFS is solely responsible for routing customer orders for execution, NFS prepares and publishes the required Rule 606 reports. These reports disclose how and where non-directed orders were routed, including venue-specific statistics based on order type.
This disclosure applies to brokerage accounts held at NFS. It includes details on account and service fees, as well as commission and transaction costs. All fees and commissions are subject to change.
MSRB: Information for Municipal Investors
WEBS is registered with the Municipal Securities Rulemaking Board (MSRB). An investor brochure is available on the MSRB website that describes protections provided by the MSRB and instructions for filing complaints with appropriate regulatory authorities.
This statement provides important facts about purchasing securities on margin, including the risks associated with trading in a margin account. Clients should carefully review the Margin Disclosure Statement and the margin agreement before trading.
Statement of Financial Condition
The most recent Statement of Financial Condition for WEBS’s clearing firm, NFS. It includes key financial information such as total assets, liabilities, and net capital, to help clients assess the financial stability of the firm that holds and clears their brokerage assets.
Business Continuity Plan Summary
WEBS maintains a Business Continuity Plan (BCP) to ensure that critical operations can resume quickly in the event of a significant business disruption. The BCP is designed to minimize operational impacts and maintain client service during emergencies.
The AML notice to customers is a formal communication from WEBS informing customers about our commitment to complying with AML regulations. It explains the need for certain information and procedures, and it typically confirms that we have measures in place to prevent money laundering and other financial crimes.
Not insured by the FDIC. Not a deposit or other obligation of, or guaranteed by, the depository. Subject to investment risks, including possible loss of initial investment.
Securities offered through Wealth Enhancement Brokerage Services, LLC, member FINRA/SIPC.