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Global Wealth Management Review

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Global Wealth Management

Global Wealth Management is a financial advisor firm based in Kingston, New Jersey. The firm has more than $521 million in assets under a management and a staff of five financial advisors

The firm’s individual advisory business is focused exclusively on high-net-worth individuals. It also has an institutional business that advises a small number of pension and profit-sharing plans. Services offered at the firm include investment management, insurance, cash flow, retirement planning, tax services, trust and estate planning, education planning and philanthropy planning.

Global Wealth Management Background

The firm was organized as an LLC in New Jersey in 2010. It is the successor to a financial advisor firm that has been in operation in the state since 1983, which was originally called Individual Asset Planning Corporation. 

Ownership of Global Wealth Management breaks down as such: 85% of the firm is owned by the Martin Tuchman Revocable Trust, 10% is owned by firm chairman Ram Kolluri, and 5% is owned by Sripat Pandey, who serves as the firm’s president and chief investment officer.

What Types of Clients Does Global Wealth Management Accept? 

Global Wealth Management primarily serves high-net-worth individuals. In addition, the firm can provide advisory services to:

  • Family offices
  • Pension plans 
  • Trusts 
  • Foundations

Potential clients should also note that Global Wealth Management is a small firm with just one office. This means the firm is probably most suitable for investors who are local to its New Jersey location and are looking for a personal, family atmosphere rather than the bells and whistles that might come with using a larger financial institution for advisory services. 

Global Wealth Management Minimum Account Sizes

The minimum account balance required by Global Wealth Management is $500,000. However, all of the firm’s  individual clients are classified as high-net-worth individuals, defined as having at least $1 million in investable assets. 

Services Offered by Global Wealth Management

Services offered by the firm include:

  • Investment management
  • Insurance
  • Cash flow
  • Retirement strategies
  • Tax planning
  • Insurance
  • Trusts
  • Estate planning
  • Philanthropy and foundations

Investment Philosophy 

Global Wealth Management’s investment strategy is based on long-term investing. The firm avoids trying to time the market, believing that this leads to knee-jerk decisions that might ultimately lose money for clients. Risk control is also an important part of the firm’s strategy. It looks to limit portfolio viability, preferring “controlled risk” that allows for capital gains while protecting against major losses.

Investments favored by the firm include exchange-traded funds, mutual funds, exchange-traded notes, stocks and bonds. The firm bases its decisions about asset allocations and exact investments on an individual client’s investment preferences and personal financial situation.

Fees Under Global Wealth Management

Global Wealth Management charges clients for its investment management services based on a percentage of assets under management. The chart below shows the fee schedule for investment management clients. The fee rate decreases as the amount of assets under management increases. If a client has more than $10 million in assets under management, there is a flat fee for all of the assets. 

Investment Management Fees
Assets Under Management Maximum Annual Fee
Up to $2 million 1.00%
Next $3 million 0.75%
Next $5 million 0.50%
All relationships above $10 million (flat fee) 0.50%

Financial planning services are also offered at no additional cost.

The chart below compares fees at Global Wealth Management with the national median advisory fees. Fee estimates are based on the maximum fees charged. Fees may be negotiable.   

Estimated Fee Comparison*
Your Assets Global Wealth Management National Median Advisory Fees**
$500K $5,000 $5,000
$1MM $10,000 $8,500 - $10,000
$5MM $42,500 $25,000 - $32,500
$10MM $67,500 $50,000
*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.

What to Watch Out For

Global Wealth Management is a smaller advisory firm. It has fewer than 100 individual clients, all of whom are high-net-worth investors. If you’re looking for an advisor with a massive stable of clients, this firm might not meet your expectations. Similarly, if you’re interested in using an advisor connected directly to a major bank or global financial institution, know that Global Wealth Management is a small, independent firm without that type of access.

Disclosures

Global Wealth Management has not faced any disciplinary issues over the past 10 years.

Opening an Account With Global Wealth Management

The easiest way to get in touch with Global Wealth Management is to fill out the contact form on the firm’s website. The contact form asks for basic information, including a phone number and email address, and also provides a space where you can write a message to the firm about who you are and what you are looking for.

You can also call the firm at (609) 452-2929, or e-mail info@globalwealthllc.com

Where Is Global Wealth Management Located?

The firm’s office is in Kingston, New Jersey. The office is located off of NJ-27, near Millstone River.

Financial Planning Tips

  • Finding the right financial advisor for your family isn’t easy, but SmartAsset can make it a bit easier. Our free financial advisor matching service is quick and easy to use and can help you find an advisor who suits your needs. All you have to do is answer a few questions about yourself and your financial life. From there, the service will find up to three advisors near you, all of whom are fully vetted and free of disclosures. Each of these advisors will be given your contact information and will then reach out to set up a meeting. 
  • Taxes, especially in retirement, can shape your financial plan. Use this retirement tax guide to get a better understanding of what the retirement tax picture is like in your state. It could impact what sort of investments you make and how you’ll plan for your golden years.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research