Golden Wealth Management LLC (Wilkes Barre)

Name: Golden Wealth Management LLC
Address: 28 West South Street, Wilkes Barre, PA, 18701
Telephone: (570) 208-7050

Golden Wealth Management LLC is a large advisory firm based in Wilkes Barre. It manages $100.6 million of regulatory assets for 432 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, Massachusetts, New York, Pennsylvania, and Texas.

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

Golden Wealth Management: assets under management

The assets under management (AUM) of Golden Wealth Management LLC is $100.6 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $94.6 million in discretionary accounts and $6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $238.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $171.43 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Golden Wealth Management is high net worth individuals with 32 clients and $66.9 million of assets under management. Among the 10 most similar advisory firms, Golden Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.6 million for 198 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.

Golden Wealth Management doesn't advise any private funds.

Careers at Golden Wealth Management LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 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
Corey Charles Golden	Managing member & chief compliance officer	1 Sep 2018	75% - 100%	4766445

Based in Wilkes Barre

The principal office where Golden Wealth Management LLC performs its advisory services is located at 28 West South Street, Wilkes Barre, PA 18701, 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 (570) 208-7050 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at goldenwealthmgmt.com.