Total Wealth Planning And Management, Inc. (Ponte Vedra Beach)

Name: Total Wealth Planning And Management, Inc.
Address: 816 A1 A North, Ponte Vedra Beach, FL, 32082
Telephone: (866) 568-0003

Total Wealth Planning And Management, Inc. is a large advisory firm based in Ponte Vedra Beach. It manages $117.2 million of regulatory assets for 705 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New Jersey, New York, Pennsylvania, and Texas.

Total Wealth Planning And Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Total Wealth Planning And Management: assets under management

The assets under management (AUM) of Total Wealth Planning And Management, Inc. is $117.2 million. The firm's AUM has grown by 14% since the beginning of its operation, and $296.12 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $115.66 million in discretionary accounts and $1.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $164.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $512.51 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 17% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Total Wealth Planning And Management, Inc. 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 Total Wealth Planning And Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Total Wealth Planning And Management is individuals with 240 clients and $110.19 million of assets under management. Among the 12 most similar advisory firms, Total Wealth Planning And Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $117.2 million for 242 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.

Total Wealth Planning And Management doesn't advise any private funds.

Careers at Total Wealth Planning And Management, Inc.

The company employs 4 people that are either part- or full-time employees. 100 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.

Total Wealth Planning And Management, Inc. is owned by Kimberly Tomes. Alexander Robert Potenza joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Richard Tomes	President - cco	1 Jan 2013	50% - 75%	2300545
Alexander Robert Potenza	Vice president	1 Apr 2017	25% - 50%	2566483
Kimberly Tomes	Owner	1 Jan 2018	Other	6033741

Based in Ponte Vedra Beach

The principal office where Total Wealth Planning And Management, Inc. performs its advisory services is located at 816 A1 A North, Ponte Vedra Beach, FL 32082, which is also the mailing address of the firm. An additional office of the firm is in Medford, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (866) 568-0003 or by fax (866) 207-5547. The normal business hours are by appointment on Other. You can find more information about the New York firm at totalwpm.com and its LinkedIn profile.