Palumbo Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and philanthropic planning.
Palumbo Wealth Management reports 289 clients. They include 158 high-net-worth individuals, 125 individual clients, and 6 corporations and other businesses. Of its assets, 100.0% ($543M across 907 accounts) are managed with discretion. It advised 50 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 7% |
| High-net-worth individuals | 55% | 91% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Corporations and other businesses | 2% | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 125 | $36.7M | 6.8% | $294K |
| High-net-worth individuals | 158 | $493M | 90.7% | $3.12M |
| Pension and profit-sharing plans | Fewer than 5 | $1.87M | 0.3% | — |
| Corporations and other businesses | 6 | $11.7M | 2.2% | $1.95M |
| Total | 289 | $543M | 100% | — |
- Clients
- 125
- Regulatory AUM
- $36.7M
- AUM share
- 6.8%
- Avg. per client
- $294K
- Clients
- 158
- Regulatory AUM
- $493M
- AUM share
- 90.7%
- Avg. per client
- $3.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.87M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $11.7M
- AUM share
- 2.2%
- Avg. per client
- $1.95M
Total
- Clients
- 289
- Regulatory AUM
- $543M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 50
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Palumbo Wealth Management is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning sold separately is a fixed project fee ranging from $1,000 to $5,000, based on the complexity of the services and the overall relationship with the Advisor.
Philip Palumbo owns 75% or more of Palumbo Wealth Management. Philip Palumbo is CEO; the leadership team includes Chief Operating Officer Killana Williams. It has 7 employees, 5 of them in advisory roles.
Leadership
- Philip PalumboFounder, Chief Executive Officer, Chief Investment Officer, and Managing Member
- Killana WilliamsChief Operating Officer and Chief Compliance Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Douglas Robert Augenthaler
- Peter Dizdar
- Stephen Jarret Engel
- Philip G Palumbo
- Killana P Williams
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- 2 broker-dealer reps
- 3 insurance agents
- 1 soliciting firm
- Owns 75% or more of Palumbo Wealth Management LLC
Philip Palumbo
Control person · since January 2020
Palumbo Wealth Management’s regulatory assets grew 3.0× from $181M (May 2021) to $543M (August 2026); clients rose from 138 to 289 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $543M | 289 | 7 | 3 |
| July 2025 | $542M | 263 | 7 | 3 |
| March 2024 | $323M | 247 | 6 | 2 |
| July 2023 | $230M | 215 | 7 | 2 |
| May 2022 | $219M | 199 | 6 | 2 |
| May 2021 | $181M | 138 | 7 | 2 |
Besides its headquarters, Palumbo Wealth Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses in New Jersey and New York.
New Jersey · 1 listed address
- 200 Connell Drive, Berkeley Heights
New York · 1 listed address
- 1010 Northern Boulevard, Suite 310, Great NeckHQ
Contact and registration details
- Legal name
- Palumbo Wealth Management LLC
- Headquarters
- 1010 Northern Boulevard, Suite 310, Great Neck, NY 11021
- Website
- palumbowm.com
- Phone
- 516-629-7073
- @palumbo-wealth-management
- SEC file
- 801-117901
- Founded
- 2019
- Structure
- New York LLC
- Fiscal year end
- December
Palumbo Wealth Management uses Pershing ($565M) as custodian for its separately managed accounts. Palumbo Wealth Management has custody of $266M in client assets for 101 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- PershingPershing LLC · Jersey City, NJ · $565M100%
At year end, Palumbo Wealth Management’s separately managed accounts were mostly in stocks (70%) and funds (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $478M across 237 positions; the largest are State Str SPDR S&P 500 ETF T (7.5%), Alphabet Inc. (5.6%) and J P Morgan Exchange Traded F (4.2%).
What the accounts hold
- Stocks70%
- Funds21%
- Registered funds12%
- Pooled vehicles9%
- Bonds5%
- Cash4%
Reported 13F holdings
- $478M
- Reported 13F value
- 237
- Positions
- 39.2%
- In the 10 largest
- +16.5%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit7.5%
- Alphabet Inc. · Cap Stk CL A5.6%
- J P Morgan Exchange Traded F · Ultra Shrt ETF4.2%
- Apple Inc.4.2%
- Amazon Com Inc.4.1%
- SPDR Gold TR · Gold Shs3.3%
- Nvidia Corporation2.7%
- Invesco DB Commdy Indx Trck · Unit2.7%
- Microsoft Corp.2.6%
- Marvell Technology Inc.2.3%
Together, the ten largest are 39.2% of reported value.
How many clients does Palumbo Wealth Management have?
Palumbo Wealth Management has 289 clients and manages $543 million for them, as of August 2026. They include 158 high-net-worth individuals, 125 individual clients, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 August 2026
What services does Palumbo Wealth Management offer?
Palumbo Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Palumbo Wealth Management use?
Palumbo Wealth Management’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $565M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 August 2026
How many financial advisors does Palumbo Wealth Management have?
Palumbo Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Palumbo Wealth Management invest in?
At the end of its last fiscal year, Palumbo Wealth Management’s separately managed accounts held 70% exchange-traded equities, 12% registered funds (mutual funds, ETFs, BDCs), 9% pooled vehicles (private funds and similar), 5% state and local bonds and 4% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Palumbo Wealth Management?
Palumbo Wealth Management’s direct owner is Philip Palumbo (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 August 2026
How does Palumbo Wealth Management get paid?
Palumbo Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Palumbo Wealth Management?
Palumbo Wealth Management’s main office is at 1010 Northern Boulevard, Suite 310, Great Neck, NY 11021. Its phone number is 516-629-7073. Its website is palumbowm.com.