Wealth Management Services,LLC

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Client assets under management

$14,211,018

Clients

33% high-net-worth

Advisors

of 2 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Very Low

Average account size

$394,751

About

Wealth Management Services, LLC provides personalized, fee-only financial planning and investment management to individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations, and small businesses. The firm’s advisory services include cash‑flow analysis, retirement and education planning, tax planning, estate planning, and investment management; it does not sell commissioned insurance or annuity products.

The firm generally implements a strategic, core‑and‑satellite asset allocation using passive index and ETF exposures as the core and selectively adding active funds, with an emphasis on global diversification. According to the brochure, it managed roughly $13.2 million for about 37 clients as of October 31, 2023, and nearly all assets were handled on a non‑discretionary basis with trading executed under limited power of attorney or with client concurrence.

Compared with many peers, the firm’s advisory team includes both an attorney (J.D., CFP®) and a CPA (CPA, CFP®), and it discloses an affiliation with a separate entity that performs tax preparation; tax services are provided under a separate agreement rather than as part of the advisory contract. The firm is small in scale, uses negotiable fee arrangements, and emphasizes coordination with legal and accounting professionals when addressing complex tax and estate matters.

Client services

Financial planning Portfolio management Pension consulting

Expertise

General retirement planning Tax strategies for small businesses Cash flow / budgeting College savings (529s, UTMA, etc.)

Fee options

Fixed

Financial planning fees range from $1,500 to $5,000, negotiable; Retainer Agreement fixed annual fee of $1,500, negotiable.

Percentage

$0 - $1,000,000: 1.00% $1,000,000+: Negotiable

Project-based

Hourly rate of $250 for limited scope financial planning engagements and follow-on implementation work.

Other

Account minimum: No minimum account size for assets under management; however, when an account falls below $150,000 in value, a minimum annual fee of $1,500 is charged (this minimum fee may be waived at the firm's discretion). Minimum fee: Minimum annual fee of $1,500 charged when account value is below $150,000; fees are negotiable. Fee-only: Firm is strictly fee-only; no commissions or fees from product sales.

Main office location

Wealth Management Services,LLC

2 Lawrence Square, Suite B

Springfield IL 62704, United States

Number of offices

Most active in

Illinois

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

217-492-1040

Advisors at this firm

Jerald B

CFP®

Springfield, IL

Wealth Management Services,LLC

Jerald Barkmeier is a CFP® professional with 27 years of experience in the financial services industry. He is the President and sole shareholder of The Barkmeier Group, a tax firm providing accounting, tax preparation, and consulting services. Barkmeier is also the manager and sole shareholder of Wealth Management Services, LLC, where he has worked since 1998. Wealth Management Services, LLC offers personalized, fee-only financial planning and investment management to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. The firm employs a strategic core-and-satellite asset allocation approach, focusing on passive index and ETF exposures complemented by selective active funds and global diversification.

General retirement planning Tax strategies for small businesses Cash flow / budgeting College savings (529s, UTMA, etc.)

Debra P

CFP®, Series 65

Springfield, IL

Wealth Management Services,LLC

Debra Peters is a CFP® and holds a Series 65 license with 22 years of industry experience. She has been affiliated with Wealth Management Services, LLC since 2003 and The Barkmeier Group, Inc. since 2004, where she is also involved in tax planning and tax return preparation. Wealth Management Services, LLC offers fee-only financial planning and investment management to individuals, trusts, estates, charitable organizations, and small businesses. The firm employs a strategic, core-and-satellite asset allocation approach with an emphasis on global diversification and coordinates closely with legal and accounting professionals on complex tax and estate matters.

General retirement planning Tax strategies for small businesses Cash flow / budgeting College savings (529s, UTMA, etc.)

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