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Greenwich 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.

Greenwich Wealth Management, LLC (GWM) is a large advisory firm that's featured on SmartAsset's lists of the top financial advisors in Greenwich and the top financial advisors in Connecticut. The firm was also named one of Barron’s top 1,200 U.S. financial advisors every year from 2012 to 2016. This is a fee-only financial advisor firm that also runs an office in West Palm Beach, Florida.

As a fee-only firm, its only form of compensation comes from the fees that clients pay. On the flip side, fee-based firms can earn third-party commissions for things like insurance sales in addition to client-paid fees.

Greenwich Wealth Management Background

Greenwich Wealth Management opened its doors for business in 2006. Managing member Michael Freeburg founded the firm. GWM’s staff of advisors have worked, on average, over 20 years in the financial services industry.

There are a handful of chartered financial analysts (CFAs) working at Greenwich Wealth Management.

Greenwich Wealth Management Client Types and Minimum Account Sizes

The majority of Greenwich Wealth Management’s client base is made up of high-net-worth individuals and families. Individuals without a high net worth, estates, trusts, charitable organizations, corporations, endowments, defined benefit/contribution plans and profit-sharing plans make up the remainder of the firm’s typical clientele. 

Generally speaking, Greenwich Wealth Management requires a $1 million minimum initial investment to receive its services.

Services Offered by Greenwich Wealth Management

Greenwich Wealth Management’s services are focused on the management of client investments and retirement plan advising. Here are its specific offerings:

  • Investment management
    • Customized investment planning based on:
      • Risk tolerance
      • Time horizon
      • Liquidity needs
      • Financial goals
    • Financial objective determination
    • Investment portfolio management and monitoring
    • Diversification
    • Limited client investment discretion
  • Retirement plan investment advisory services
    • Investment menu selection
    • Annual plan structure review
    • Educational support for plan sponsor
      • Educational materials
      • Investment advice
    • Share class guidance

Greenwich Wealth Management Investment Philosophy

Exchange-traded funds (ETFs) have become a staple of the investment world due to their inherent diversification and ability to invest across an entire market in just one security. Greenwich Wealth Management has evidently taken notice of this, as the firm explicitly states in its Form ADV that ETFs are the “backbone of many of our investment portfolios.”

GWM also invests in mutual funds, bonds, futures, options, equities, CDs, fixed-income securities and more. This shows just how important diversification is to the way in which Greenwich Wealth builds its clients’ portfolios. Diversification keeps you from relying too heavily on a particular market or investment type.

Fees Under Greenwich Wealth Management

The vast majority of portfolio management accounts at Greenwich Wealth Management abide by the fee rates listed below. They are, however, technically negotiable depending on the amount of money you invest and other factors. You may also incur custodial fees.

Portfolio Management Fees
Portfolio Value Maximum Annual Fee
$1,000,000 or less 1.25%
$1,000,001 - $5,000,000 1.00%
Above $5,000,000 0.90%

Check out the table below to see how GWM’s fees for its management services compare to those at similar financial advisor firms. Note that these fees are only estimates and actual costs may vary.

*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 Greenwich Wealth Management*
Your Assets Greenwich Wealth Management Fee Amounts
$500K $6,250
$1MM $12,500
$5MM $50,000
$10MM $90,000

What to Watch Out For

According to its SEC-filed Form ADV, Greenwich Wealth Management has a clean legal and regulatory record.

Opening an Account With Greenwich Wealth Management

The best way to get in touch with Greenwich Wealth Management about becoming a client is either to stop by one of the firm’s locations in Connecticut or Florida or call (203) 618-0103. You can also visit GWM’s website and request a private consultation by filling out a form with your personal information and few other specifics.

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

Tips for Your Investment Portfolio

  • Financial advisors have ample experience managing investment portfolios. Finding the right financial advisor doesn’t have to be hard. SmartAsset's free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Your risk tolerance is one of the most important aspects of creating any portfolio, as it allows you to customize how risky you want to be with your investments in the hopes of higher returns. SmartAsset’s asset allocation calculator can help you apply this principle, as it will lay out what percentage each investment type should occupy in your portfolio.

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