Westlake Wealth Management provides financial guidance for clients, businesses

Managing partner Michael Fessler founded Westlake Wealth Management in downtown Roanoke in 2018.
(Photo by Ian Pribanic/Community Impact Newspaper)
Managing partner Michael Fessler founded Westlake Wealth Management in downtown Roanoke in 2018. (Photo by Ian Pribanic/Community Impact Newspaper)

Managing partner Michael Fessler founded Westlake Wealth Management in downtown Roanoke in 2018. (Photo by Ian Pribanic/Community Impact Newspaper)

Established in the downtown Roanoke area in 2018, Westlake Wealth Management has become a one-stop shop for financial assistance.

The wealth management firm has added a number of capabilities to its repertoire over the last 2 1/2 years, Managing Partner Michael Fessler said. The firm specializes in financial planning, bookkeeping, filing taxes and managing retirement and investment accounts, he said.

"We have all of these people on our team who can work for business owners and clients,” Fessler said. “Our goal is to change the way people look at financial planners and accountants.”

A former certified public accountant at a large firm, Fessler said he became fed up with the limitations placed on his ability to help clients. He was only allowed to process clients’ returns and was unable to give helpful advice, he said.

“It felt like I was always the bearer of bad news. As a preparer, a lot of times, the mistakes have already been made,” Fessler said. “It was difficult. It felt like I was only doing part of the job.”


By starting his own firm, Fessler said he now has the freedom to take a comprehensive approach to financial assistance for clients.

At Westlake, a team of CPAs, bookkeepers and management advisers has the ability to take a “deep dive” into clients’ accounts to help them take advantage of as many tax breaks and other opportunities as possible, Fessler said.

“They don’t teach this in school, and business owners especially ... can take that [financial] piece off their plate,” he said. “They know we’re watching their bottom line, and they can go do what they do best.”

Westlake Wealth Management

310 S. Oak St., Ste. 208, Roanoke

682-888-6144

www.westlake-wm.com

Hours: Mon.-Fri. 8 a.m.-4 p.m.; Sat. by appointment only; closed Sun.

By Ian Pribanic
Ian Pribanic covers city government, transportation, business and education news for Community Impact Newspaper in the Keller-Roanoke-Northeast Fort Worth areas. A Washington D.C. native and University of North Texas graduate, Ian was previously an editor for papers in Oklahoma, West Texas and for Community Impact in New Braunfels.


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