Salvus Wealth Management, LLC (Shrewsbury)

Name: Salvus Wealth Management, LLC
Address: 1040 Broad Street, Suite 203, Shrewsbury, NJ, 07702
Telephone: 732-542-2629

Salvus Wealth Management, LLC is a large advisory firm based in Shrewsbury. It manages $113.42 million of regulatory assets for 408 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, and New York.

Salvus Wealth Management 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Salvus Wealth Management: assets under management

The assets under management (AUM) of Salvus Wealth Management, LLC is $113.42 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $113.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $277.99 thousand each.

Salvus Wealth Management has custody of $1.29 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% 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 Salvus Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Salvus Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Salvus Wealth Management is high net worth individuals with 79 clients and $106.73 million of assets under management. Among the 9 most similar advisory firms, Salvus Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.62 million for 101 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.

Salvus Wealth Management doesn't advise any private funds.

Careers at Salvus Wealth Management, LLC

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 are 3 people 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
Robert Werner Joel	Chief compliance officer / chief investment officer / member	1 Jul 2014	50% - 75%	2049509
Charles T. Woolston	Manager / chief executive officer	1 Jul 2014	50% - 75%	5750705

Based in Shrewsbury

The principal office where Salvus Wealth Management, LLC performs its advisory services is located at 1040 Broad Street, Suite 203, Shrewsbury, NJ 07702, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-542-2629 or by fax 732-676-7679. 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 salvuswealth.com.