Frequently Asked Questions

WELLthPro Virtual CIO is a revolutionary platform for small to mid-sized advisory firms to access top-tier investment expertise at a fraction of cost of other current options.  Answers to some of our most common questions about Virtual CIO can be found below.

What does the Virtual CIO onboarding process look like?


What are my compliance responsibilities if I use Virtual CIO?


I want to use Virtual CIO but I really would prefer delgating trading to someone else. What are my options?


If I sign up for Virtual CIO, am I “locked in” in case I want to pursue a different investment management solution?

Once our subadvisor agreement is dually signed, we’ll create your benchmark allocations with which we create your custom strategy catalog.  We provide recommendations but also invite input to make the models and benchmark allocations reflective of your firm values.  After this, we create your strategies and rebalancer exports tailored to your custodial or portfolio management software.  We also provide guidance on transition plans and security equivalents to provide a better client experience.

We recommend talking to your own compliance consultants, but the compliance burden of utilizing Virtual CIO is generally nominal.  As a baseline, WELLthPro would need to be listed as a subadvisor in your ADV and a sub-advising contract would need to be executed.  We also recommend keeping due diligence notes of WELLthPro and our methods of analysis.  Finally, in the event of an audit, we are happy to utilize flex hours for any auditor requests of investment process queries or trade rationales.

Many advisors have found a cost- and time-saving middle ground between hiring a CIO and DIYing by onboarding a part-time paraplanner to help with company operations.  These individuals generally lack expert investment credentials but can help with trading, administrative work, and creating financial plans, making them the perfect lower-cost candidate to help free up your time.  We are happy to work with firm owners as well as paraplanners, and are open to using Flex Hour budgets to teach them rebalancer software and best trading practices.

WELLthPro acts as a consultant that simply plugs into your existing infrastructure.  Users are never locked in should they want to pursue a different investment management solution.  In this case, we would simply discontinue sending model updates and commentaries, giving the advisor free reign to adjust any of their existing strategies.

Once our subadvisor agreement is dually signed, we’ll create your benchmark allocations with which we create your custom strategy catalog.  We provide recommendations but also invite input to make the models and benchmark allocations reflective of your firm values.  After this, we create your strategies and rebalancer exports tailored to your custodial or portfolio management software.  We also provide guidance on transition plans and security equivalents to provide a better client experience.

We recommend talking to your own compliance consultants, but the compliance burden of utilizing Virtual CIO is generally nominal.  As a baseline, WELLthPro would need to be listed as a subadvisor in your ADV and a sub-advising contract would need to be executed.  We also recommend keeping due diligence notes of WELLthPro and our methods of analysis.  Finally, in the event of an audit, we are happy to utilize flex hours for any auditor requests of investment process queries or trade rationales.

Many advisors have found a cost- and time-saving middle ground between hiring a CIO and DIYing by onboarding a part-time paraplanner to help with company operations.  These individuals generally lack expert investment credentials but can help with trading, administrative work, and creating financial plans, making them the perfect lower-cost candidate to help free up your time.  We are happy to work with firm owners as well as paraplanners, and are open to using Flex Hour budgets to teach them rebalancer software and best trading practices.

WELLthPro acts as a consultant that simply plugs into your existing infrastructure.  Users are never locked in should they want to pursue a different investment management solution.  In this case, we would simply discontinue sending model updates and commentaries, giving the advisor free reign to adjust any of their existing strategies.

Have Questions of Your Own? Schedule a Call

We would love to help you with any questions about Virtual CIO and implementation for your firm.  Our phone lines are always open at (561) 972-8011 or you can schedule a free video consultation with Chris by clicking here.