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Global Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Global Wealth Management is a financial advisor firm based in Kingston, New Jersey. The firm employs a small team of just a few 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

Global Wealth Management 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.

Global Wealth Management Client Types and Minimum Account Sizes

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.

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
  • Financial planning
    • Insurance analysis
    • Cash flow planning
    • Retirement strategies
    • Tax planning
    • Insurance planning
    • 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 (ETFs), mutual funds, exchange-traded notes (ETNs), 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 $2,000,000 1.00%
Next $3,000,000 0.75%
Next $5,000,000 0.50%
All relationships above $10,000,000 0.50%

Financial planning services are also offered at no additional cost. The chart below illustrates roughly what your fees could be at Global Wealth Management:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Global Wealth Management*
Your Assets Global Wealth Management Fee Amounts
$500K $5,000
$1MM $10,000
$5MM $42,500
$10MM $67,500

What to Watch Out For

Global Wealth Management has a clean legal and regulatory record in the eyes of the SEC.

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 over the phone or reach out via email.

All information is accurate as of the writing of this article.

Financial Planning Tips

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How Long $1mm 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 the cost of living in retirement for that location.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

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