His vision for starting GWS was to deliver investment strategies and wealth management services typically available at the highest levels of wealth. Today, clients benefit from these sophisticated financial services targeted to meet their unique needs.
Glassman Wealth Services moved to the #6 spot from #38 on Investment News’ Top 50 Fee-Only Emerging Firms list. From the end of the first quarter last year to this year, GWS has increased assets under management by over 31%.
“As a fee-only firm, we are fiduciaries which means that we put our clients’ interests first,” said Barry Glassman, CFP, President of Glassman Wealth Services. “As we work with our clients to select investments and manage their portfolios, this fiduciary relationship sets us apart.” “We believe that our growth is fueled not only by our services and expertise, but by our dedication to the best interests of our clients.”
Methodology RIA Database qualified and ranked RIA firms based on the following criteria:
1. Less than $500 million in discretionary assets under management as defined by the Securities and Exchange Commission and reported as of March 31.
2. Growth in discretionary assets under management from December 31, 2008, to March 31.
3. Greater than 50% of their business must serve the retail marketplace.
4. They must provide financial planning services, portfolio management for individuals, or conduct due diligence on third-party advisers.
5. They must not be doing business as a broker/dealer, bank or insurance company.
6. They must not charge commissions, or have registered representative employees at the firm.
7. A dominant portion of their business must not be invested in proprietary products.