Glass Wealth Management Co. (San Antonio)

Name: Glass Wealth Management Co.
Address: 1250 Ne Loop 410, San Antonio, TX, 78209 1544
Telephone: 210-930-5141

Glass Wealth Management Co. is a large advisory firm based in San Antonio. It manages $99.76 million of regulatory assets for 196 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana and Texas.

Glass Wealth Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Glass Wealth Management: assets under management

The assets under management (AUM) of Glass Wealth Management Co. is $99.76 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $89.16 million in discretionary accounts and $10.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $464.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.65 million.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is state and local bonds, which make up 23% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glass Wealth Management Co. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Glass Wealth Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Glass Wealth Management is high net worth individuals with 30 clients and $67.35 million of assets under management. Among the 5 most similar advisory firms, Glass Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $97.31 million for 188 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Glass Wealth Management doesn't advise any private funds.

Careers at Glass Wealth Management Co.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Stephen Brent Wilde has served as the Chief Investment Officer since 1 Jan 1995. David Dowling Hornberger joined the executive team most recently as the Senior Vice President/Portfolio Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Brent Wilde	President - director/chief investment officer	1 Jan 1995	75% - 100%	466833
Eileen L Williams	Operations manager	1 Oct 1996	Other	7078232
Diana Lynne Kelly	Cco	1 Jul 2015	Other	5320483
Christopher Smyth Wilde	Senior vice president, finance	1 Dec 2015	Other	5844082
David Charles Hoffstadt	Research analyst	1 Oct 2017	Other	6982801
David Dowling Hornberger	Senior vice president/portfolio management	1 Jul 2018	Other	6199735

Based in San Antonio

The principal office where Glass Wealth Management Co. performs its advisory services is located at 1250 Ne Loop 410, San Antonio, TX 78209 1544, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210-930-5141 or by fax 210-930-5142. The normal business hours are 8:00 am - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at gwm-sa.com and its LinkedIn profile.