With just four investment advisors in its office in Kingston, New Jersey, Global Wealth Management is a small, independently owned financial advisory firm. This fee-only operation offers holistic financial planning to all of its investment management clients, most of whom are high net worth investors.
The bottom line: Global Wealth Management is a small investment firm with just one office in New Jersey that works primarily with wealthy clients but serves non-high net worth clients well.
|Assets under management: $285,710,124|
|Minimum investment: Typically $500,000|
|Individual investor to advisor ratio: 52:1|
|Fee structure: A percentage of AUM|
|Headquarters: 4428 Route 27, Bldg. C, Suite 2, P.O. Box 522, Kingston, NJ 08528
All information included in this profile is accurate as of December 15, 2021. For more information, please consult Global Wealth Management’s website.
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Global Wealth Management is a successor to a financial institution that has changed names and ownership several times over the past four decades. Ram Kolluri, one of the original founders in 1983 of what was then called Individual Asset Planning Corporation, repurchased the firm, called Global Investment Management, Inc., in 2010 and reorganized it as Global Investment Management, LLC. In 2015, he changed the name to Global Wealth Management.
In 2017, Kolluri sold his majority ownership stake to the Martin Tuchman Revocable Trust, which now owns 85% of the firm. Kolluri now holds a 10% stake, while president and chief investment officer Sripat Pandey has a 5% stake. During his career in the shipping industry, Martin Tuchman co-founded multiple companies, selling two with his partner for $1 billion in 2007. He is now the chairman and CEO of the Tuchman Group, which invests primarily in real estate, banking and international shipping.
Global Wealth Management has four employees, all of whom perform investment advisory functions.
Kolluri, one of the firm’s original founders and a certified financial planner (CFP), previously wrote a weekly column for the Trenton Times, called The Market View. He has also been quoted in publications including The New York Times, the Wall Street Journal, Fortune and Businessweek. Additionally, he has appeared on networks including CNN, CNBC and Bloomberg Television. He is originally from India.
The bulk of Global Wealth Management’s clients are high net worth investors. The typical minimum account balance required for the firm’s investment management services is $500,000, however, and that is not a technically considered high net worth per the SEC, which defines a high net worth investor as someone with at least $750,000 under management or a net worth of at least $1.5 million.
Global Wealth Management also has non-high net worth clients as well as some institututional clients.
Global Wealth Management works with its clients to develop an individual investment policy statement. The firm then uses that statement to create and manage a portfolio on the client’s behalf. As part of the process, clients also receive comprehensive financial planning services.
The firm also offers advanced financial planning consultation services to private family offices and small businesses. It also provides pension consulting services to retirement plan sponsors.
Here is a full list of services offered by Global Wealth Management:
Global Wealth Managers creates individual portfolios and financial plans for each of its clients based on their unique needs. It uses a variety of asset classes to build portfolios, including:
The firm relies mostly on low-cost mutual funds and ETFs, from TD Ameritrade or Charles Schwab, in order to achieve portfolio diversity.
Overall, Global Wealth Management aims to help its clients reach their goals and then to preserve the wealth they build. While the firm understands that some degree of risk is needed to build wealth over the long term, it also holds the belief that it’s critical to control that risk. Thus, it aims to manage volatility while achieving returns throughout economic cycles, which the firm asserts also requires moderating emotional responses to market volatility.
Global Wealth Management charges clients based on a percentage of assets under management for its investment management and holistic financial planning services. The rate charged depends on the client’s account balance, as outlined in the table below.
|Global Wealth Management’s Fees for Advisory Services|
|Assets under management||Annual rates|
|Up to $2 million||1%|
|Next $3 million||0.75%|
|Next $5 million||0.50%|
|All relationships over $10 million (flat)||0.50%|
In addition, clients may have to pay brokerage commissions or other fees to cover the costs of transactions that the firm executes on their behalf.
Clients who use advanced financial planning services pay additional fees, either as a retainer or on an hourly basis. These fees will be laid out in the client’s contract. General financial planning services are included under the previously outlined asset-based fees.
Global Wealth Management currently has zero disciplinary disclosures. The SEC requires RIAs to report disciplinary disclosures on its Form ADV, paperwork that registered firms must file with the SEC. These include any regulatory actions, criminal charges or legal developments such as liens or civil judgments that have been taken against the firm.
For more information, you can go to the firm’s Investment Adviser Public Disclosure (IAPD) page.
The firm has jurisdiction in New Jersey, New York, Georgia, Pennsylvania and Virginia, but it has just one physical office, in Kingston, N.J.
With just four employees, Global Wealth Management is a small firm that’s focused primarily on serving high net worth individuals. In addition to wealth management, clients receive holistic financial planning advice from the firm’s team.
With a focus on long-term returns and low-cost funds, Global Wealth Management may be a good fit for clients who have at least $500,000 to invest, like the idea of working with a smaller firm and don’t want their wealth manager making frequent trades. However, be sure to research multiple firms to ensure you find the right advisor for you.
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