Gerson Wealth Management, LLC

Gerson Wealth Management operates as a solicitor that refers potential clients to a third‑party registered investment adviser (Morgan Stanley Smith Barney) and does not provide discretionary portfolio management, custody, or direct investment recommendations. Its referral practice targets small businesses, individuals and high‑net‑worth individuals who may enroll in the third‑party adviser’s advisory programs.

The firm’s engagement is limited to assessing whether the third‑party services fit a prospective client’s needs, delivering the manager’s disclosure materials and a client disclosure statement, and facilitating the referral and introductory process. A single principal oversees solicitation and compliance, and the principal’s background as a licensed CPA is part of the firm’s operational profile.

Compared with many investment managers, the firm does not bill clients on a percentage‑of‑assets‑under‑management basis and instead is compensated through referral payments from the third‑party adviser (paid out of the adviser’s advisory fee). The arrangement and associated conflicts of interest are disclosed to clients, who are not required to use the referred adviser, and the firm does not accept custody, discretionary authority, or performance‑based fees.