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
- Limited client investment discretion
- Customized investment planning based on:
- 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
|Maximum Annual Fee
|$1,000,000 or less
|$1,000,001 - $5,000,000
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*
|Greenwich Wealth Management Fee Amounts
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
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