Salvus Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, estate planning, insurance, and tax planning. Financial planning was provided to 26–50 clients last fiscal year.
Salvus Wealth Management reports 195 clients. They include 125 high-net-worth individuals and 70 individual clients. Of its assets, 100.0% ($316M across 847 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 6% |
| High-net-worth individuals | 64% | 92% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Corporations and other businesses | Fewer than 5 | <1% |
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) | 70 | $19.8M | 6.3% | $283K |
| High-net-worth individuals | 125 | $290M | 91.7% | $2.32M |
| Pension and profit-sharing plans | Fewer than 5 | $6.32M | 2.0% | — |
| Corporations and other businesses | Fewer than 5 | $111K | 0.0% | — |
| Total | 195 | $316M | 100% | — |
- Clients
- 70
- Regulatory AUM
- $19.8M
- AUM share
- 6.3%
- Avg. per client
- $283K
- Clients
- 125
- Regulatory AUM
- $290M
- AUM share
- 91.7%
- Avg. per client
- $2.32M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.32M
- AUM share
- 2.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $111K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 195
- Regulatory AUM
- $316M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Salvus Wealth Management charges 0.50%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting (Stand-Alone)
- Non-negotiable hourly fee, generally from $200 to $400 an hour, depending on the level and scope of services.
- Retirement Plan Consulting Services
- Annual fee of 0.50% to 1.50% of plan assets for non-discretionary plan consulting, depending on services requested and plan size.
Robert Joel owns 50% to 75% of Salvus Wealth Management. Charles Woolston is CEO; the leadership team includes Chief Investment Officer Robert Joel and Chief Compliance Officer Sonja Elia. It has 7 employees, 6 of them in advisory roles.
Leadership
- Charles WoolstonManager / Chief Executive Officer
- Sonja EliaChief Compliance Officer
- Robert JoelChief Investment Officer / Member
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Sonja Michelle Elia
- Peter John Freidel
- Jeffrey Mayer Jacobs
- Aimee Marie Jensen
- Robert Werner Joel
- William Christopher McNamara
- Robert Earl O'Quinn
- Charles T. Woolston
Staff
- 7 employees
- 6 in advisory functions
- 6 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Salvus Wealth Management, LLC
Robert Joel
Control person · since July 2014
- Owns 50% to 75% of Salvus Wealth Management, LLC
Charles Woolston
Control person · since July 2014
Salvus Wealth Management’s regulatory assets grew 1.9× from $166M (March 2021) to $316M (June 2026); clients rose from 120 to 195 and employees from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $316M | 195 | 7 | 2 |
| July 2025 | $298M | 188 | 7 | 2 |
| March 2024 | $261M | 164 | 7 | 2 |
| March 2023 | $242M | 162 | 7 | 2 |
| March 2022 | $250M | 130 | 6 | 2 |
| March 2021 | $166M | 120 | 6 | 2 |
Besides its headquarters, Salvus Wealth Management has 1 office, with 2 listed addresses in Florida and New Jersey.
Florida · 1 listed address
- 6022 San Jose BLVD, Jacksonville
New Jersey · 1 listed address
- 200 Schulz Drive, Suite 302, Red BankHQ
Contact and registration details
- Legal name
- Salvus Wealth Management, LLC
- Headquarters
- 200 Schulz Drive, Suite 302, Red Bank, NJ 07701
- Website
- salvuswealth.com
- Phone
- 732-542-2629
- @9231904
- SEC file
- 801-117044
- Founded
- 2014
- Structure
- New Jersey LLC
- Fiscal year end
- December
Salvus Wealth Management uses Fidelity ($316M) as custodian for its separately managed accounts. Salvus Wealth Management has custody of $90.4M in client assets for 53 clients.
- FidelityNational Financial Services LLC · Boston, MA · $316M100%
At year end, Salvus Wealth Management’s separately managed accounts were mostly in stocks (59%) and funds (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $178M across 125 positions; the largest are Berkshire Hathaway Inc. Del (4.5%), Alphabet Inc. (4.0%) and Ast Spacemobile Inc. (3.5%).
What the accounts hold
- Stocks59%
- Funds20%
- Registered funds15%
- Pooled vehicles5%
- Bonds6%
- Cash15%
Reported 13F holdings
- $178M
- Reported 13F value
- 125
- Positions
- 32.3%
- In the 10 largest
- +3.8%
- Value vs. prior quarter
- Berkshire Hathaway Inc. Del · CL B New4.5%
- Alphabet Inc. · Cap Stk CL C4.0%
- Ast Spacemobile Inc. · Com CL A3.5%
- Schwab Charles Corp.3.5%
- Apple Inc.3.3%
- Applied Matls Inc.3.2%
- Nvidia Corporation2.8%
- Progressive Corp.2.8%
- Somnigroup International Inc.2.5%
- Booking Holdings Inc.2.3%
Together, the ten largest are 32.3% of reported value.
How many clients does Salvus Wealth Management have?
Salvus Wealth Management has 195 clients and manages $316 million for them, as of June 2026. They include 125 high-net-worth individuals and 70 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 June 2026
What services does Salvus Wealth Management offer?
Salvus Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Salvus Wealth Management charge?
Salvus Wealth Management charges 0.50%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable.
Which custodians does Salvus Wealth Management use?
Salvus Wealth Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $316M. 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 June 2026
How many financial advisors does Salvus Wealth Management have?
Salvus Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 7 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Salvus Wealth Management invest in?
At the end of its last fiscal year, Salvus Wealth Management’s separately managed accounts held 59% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 15% cash and equivalents, 6% U.S. government and agency bonds and 5% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Salvus Wealth Management?
Salvus Wealth Management’s direct owners are Robert Joel (50% to 75%) and Charles Woolston (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 June 2026
How does Salvus Wealth Management get paid?
Salvus Wealth Management is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Salvus Wealth Management?
Salvus Wealth Management’s main office is at 200 Schulz Drive, Suite 302, Red Bank, NJ 07701. Its phone number is 732-542-2629. Its website is salvuswealth.com.