Gsb Wealth Management, LLC (Guilford)

Name: Gsb Wealth Management, LLC
Address: 2614 Boston Post Road, Guilford, CT, 06437
Telephone: 203-453-9075

Gsb Wealth Management, LLC is a large advisory firm based in Guilford. It manages $222.99 million of regulatory assets for 426 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Connecticut, Massachusetts, Nebraska, New Hampshire, and New York.

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

Gsb Wealth Management: assets under management

The assets under management (AUM) of Gsb Wealth Management, LLC is $222.99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and $1.03 million of the total AUM is attributable to clients outside of the United States.

The firm manages $222.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $523.45 thousand each.

Gsb Wealth Management has custody of $32.11 million in cash and securities for 51 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gsb Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gsb Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Gsb Wealth Management is high net worth individuals with 62 clients and $146.38 million of assets under management. Among the 10 most similar advisory firms, Gsb Wealth Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.92 million for 221 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Gsb Wealth Management doesn't advise any private funds.

Careers at Gsb Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Colleen A Venter	Chief compliance officer	1 Jan 2006	Other	4964085
Deborah Lee Venter Abildsoe	President and ceo	1 Aug 2011	Other	2387262
The Guilford Savings Bank	Owner	1 Aug 2011	75% - 100%	06-0377390

Based in Guilford

The principal office where Gsb Wealth Management, LLC performs its advisory services is located at 2614 Boston Post Road, Guilford, CT 06437, 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 203-453-9075 or by fax 203-453-1097. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at gsbwealth.com.