Global Wealth Strategies LLC (Palo Alto)

Name: Global Wealth Strategies LLC
Address: 635 Bryant Street, Palo Alto, CA, 94301
Telephone: 650-346-2630

Global Wealth Strategies LLC is a large advisory firm based in Palo Alto. It manages $115 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of California.

Global Wealth Strategies provides financial planning services, portfolio management for individuals and small businesses, and selection of other managers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Global Wealth Strategies: assets under management

The assets under management (AUM) of Global Wealth Strategies LLC is $115 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 311% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.64 million each.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is investment and business development companies, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Global Wealth Strategies LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Strategies serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Global Wealth Strategies is high net worth individuals with 25 clients and $107 million of assets under management. Among the 10 most similar advisory firms, Global Wealth Strategies has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115 million for 35 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.

Global Wealth Strategies doesn't advise any private funds.

Careers at Global Wealth Strategies LLC

The company employs 1 person that is either a part- or full-time employee. 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Lindquist Holbrook	President, chief compliance officer	1 May 2003	75% - 100%	2413100

Based in Palo Alto

The principal office where Global Wealth Strategies LLC performs its advisory services is located at 635 Bryant Street, Palo Alto, CA 94301, 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 650-346-2630. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at holbrookglobal.com.