Private Wealth Management, Inc.

Private Wealth Management, Inc. provides individualized, non‑discretionary investment management and broader personal financial planning to individual clients, with a majority of its clientele described as high‑net‑worth individuals and related entities such as trusts and limited partnerships. The firm also offers retirement, estate, insurance, cash‑flow and tax planning and may recommend outside money managers to implement portions of a client’s plan.

PWM’s process is consultative: it gathers detailed client data and risk profiles through interviews and questionnaires, recommends asset allocation and categories of mutual funds, ETFs, and sub‑advisors, and assists clients with implementation while conducting at least annual reviews. Portfolios are monitored for market conditions and manager changes, and written summaries or recommendations are provided as part of the account supervision.

Noteworthy aspects relative to peers include managing roughly $832 million of non‑discretionary assets and dedicating a material portion of firm time to tax preparation services (about 20% of firm time), reflecting an uncommon in‑house tax capability for a team firm. The brochure also discloses that PWM requires principals to have postgraduate education, has employed other investment advisers to manage client accounts, and has recently discontinued previously offered performance‑based fees.