The Genwealth Group, Inc. (Maplewood)

Name: The Genwealth Group, Inc.
Address: 6 Inwood Place, Maplewood, NJ, 07040
Telephone: 973-761-0400

The Genwealth Group, Inc. is a large advisory firm based in Maplewood. It manages $235.76 million of regulatory assets for 580 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, New Jersey, New York, and Pennsylvania.

The Genwealth Group provides financial planning services, portfolio management for individuals and small businesses, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Genwealth Group: assets under management

The assets under management (AUM) of The Genwealth Group, Inc. is $235.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 83% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $235.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $406.49 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Genwealth Group, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Genwealth Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Genwealth Group is high net worth individuals with 91 clients and $183.83 million of assets under management. Among the 7 most similar advisory firms, The Genwealth Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $235.76 million for 204 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.

The Genwealth Group doesn't advise any private funds.

Careers at The Genwealth Group, Inc.

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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
Michael Peter Leanza	Ceo and shareholder	1 Feb 2008	75% - 100%	2330470
Michael Peter Leanza	Shareholder	1 Jul 2010	75% - 100%	2330470
Kimberly Marie Diblasi	Chief compliance officer	1 Aug 2010	Other	5310300

Based in Maplewood

The principal office where The Genwealth Group, Inc. performs its advisory services is located at 6 Inwood Place, Maplewood, NJ 07040, 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 973-761-0400 or by fax 973-761-1558. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at thegenwealthgroup.com.