Global Wealth Management, L.C. (Niederteufen)

Name: Global Wealth Management, L.C.
Address: Schulhausstrasse 16 D, Niederteufen, 9052
Telephone: +1-305-851-2476

Global Wealth Management, L.C. is a large advisory firm based in Niederteufen. It manages $100.29 million of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, and Texas.

Global Wealth Management, L.C provides portfolio management for individuals and small businesses and portfolio management for family trusts and off-shore corporations of high net worth individuals. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Global Wealth Management, L.C: assets under management

The assets under management (AUM) of Global Wealth Management, L.C. is $100.29 million. The firm's AUM has gone down by -33% since the beginning of its operation, and $20.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $59.91 million in discretionary accounts and $40.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.67 million.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio. Investments in other assets form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Global Wealth Management, L.C. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Global Wealth Management, L.C serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Global Wealth Management, L.C is high net worth individuals with 24 clients and $82.31 million of assets under management. Among the 11 most similar advisory firms, Global Wealth Management, L.C has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $88.53 million for 35 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 28% of the firm’s clients are foreign persons or businesses.

Global Wealth Management, L.C doesn't advise any private funds.

Careers at Global Wealth Management, L.C.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Urs Heierli	Principal & chief compliance officer	1 Nov 2008	75% - 100%	2694377

Based in Niederteufen

The principal office where Global Wealth Management, L.C. performs its advisory services is located at Schulhausstrasse 16 D, Niederteufen, 9052 The mailing address of the firm is Schmiedgasse 28, St. Gallen, 9000. An additional office of the firm is in Miami Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number +1-305-851-2476. The normal business hours are 08:00 - 17:00 on Monday - Friday. You can find more information about the New York firm at gwm-ch.com.