Glassman Wealth Services, LLC (Vienna)

Name: Glassman Wealth Services, LLC
Address: 8000 Towers Crescent Drive, Vienna, VA, 22182
Telephone: 703-534-4444

Glassman Wealth Services, LLC is a large advisory firm based in Vienna. It manages $1.37 billion of regulatory assets for 1,768 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, District of Columbia, Florida, and 7 other states.

Glassman Wealth Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Glassman Wealth Services: assets under management

The assets under management (AUM) of Glassman Wealth Services, LLC is $1.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 337% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $775.38 thousand each.

Glassman Wealth Services has custody of $396.64 million in cash and securities for 137 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glassman Wealth Services, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Glassman Wealth Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Glassman Wealth Services is high net worth individuals with 217 clients and $1.1 billion of assets under management. Among the 12 most similar advisory firms, Glassman Wealth Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.37 billion for 273 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.

Glassman Wealth Services doesn't advise any private funds.

Careers at Glassman Wealth Services, LLC

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 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 compensates 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
Barry Scott Glassman	Managing member/chief compliance officer	1 Sep 2009	75% - 100%	2256244
Gabriel Joseph Mulller	Chief operating officer	1 Oct 2014	Other	6625422
Travis Jacob Russell	Member	1 Jan 2019	Other	5110417
Lindsay Garland Shetterly	Member	1 Jan 2019	Other	4812468

Based in Vienna

The principal office where Glassman Wealth Services, LLC performs its advisory services is located at 8000 Towers Crescent Drive, Vienna, VA 22182, which is also the mailing address of the firm. An additional office of the firm is in North Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-534-4444 or by fax 703-485-0561. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at glassmanwealth.com/.