1650 Wealth Management

What 1650 Wealth Management does

1650 Wealth Management is a private, fee-only Registered Investment Advisor (RIA) headquartered in Lighthouse Point (Lauderdale by the Sea), Florida, founded in 2010. The firm provides discretionary investment management and wealth advisory services to high-net-worth individuals, business owners, retirees, widowers and trust beneficiaries, and corporate executives, primarily across Florida. Lead advisor Tom Balcom holds the CFP and CAIA designations with over 20 years of private wealth management experience.

The firm's core offering centers on customized 'all weather' portfolios constructed from institutional share class mutual funds, ETFs, and structured notes, diversified across domestic and foreign equities, fixed income, REITs, and alternative instruments with explicit tax awareness. Supporting services include retirement income planning, college planning (529 plans, custodial and trust accounts), and referral-based estate planning, insurance, and mortgage coordination through local professional partners. All client assets are custodied at Charles Schwab under Limited Power of Attorney (LPOA), and clients receive complimentary access to an eMoney-powered personal financial website providing consolidated household reporting, daily account updates, and net worth tracking.

The business model is a recurring AUM-based management fee with no sales commissions, referral compensation, or product-payments, aligning with the firm's fiduciary standard. Distribution occurs through direct, high-touch advisory relationships supported by a content marketing blog as a top-of-funnel acquisition channel. The firm is privately held by Tom Balcom with no disclosed external investors, parent company, or succession plan, and operates with 1-10 employees.

Name

1650 Wealth Management

Legal name

1650 Wealth Management

Website

https://1650wealth.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

1650 Wealth Management is a fee-only, independent Registered Investment Advisor (RIA) in Lighthouse Point, Florida that builds customized 'all weather' portfolios for high-net-worth individuals, business owners, retirees, and corporate executives, charging AUM-based management fees with assets custodied at Charles Schwab.

Ownership category

akta.pro rank

Product category

Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)

akta.pro secondary industries

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

• Wealth management services
• Investment advisory
• Retirement planning
• Financial planning
• Fee-only advisory

Headquarters

HQ city

Lauderdale By The Sea

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: The firm operates on a fee-only basis, receiving a management fee for managing client accounts. They do not receive sales commissions from trades or from selling financial products, and do not receive referral compensation from third parties such as CPAs, estate planning attorneys, or mortgage brokers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

1650 Wealth Management is a fee-only, independent Registered Investment Advisor that provides customized investment management, retirement planning, college planning, and estate/insurance/mortgage coordination services to individuals. The firm builds personalized 'all weather' portfolios using ETFs, institutional share class mutual funds, and structured notes from major financial institutions, applying tax-aware diversification strategies typically associated with large endowments and pensions.

Product overview

1650 Wealth Management is a fee-only, independent Registered Investment Advisor (RIA) offering a unified wealth management platform for high-net-worth individuals, business owners, retirees, and corporate executives. The core offering consists of four integrated services: Investment Management (custom all-weather portfolios using ETFs, mutual funds, and structured notes with active/passive strategies), Retirement Planning (income and cash flow planning), College Planning (529 Plans, custodial accounts, trusts), and Estate/Insurance/Mortgage services (partner-delivered). The firm provides a complimentary Personal Financial Website add-on for clients, offering consolidated household views and daily account updates. All assets are custodied at Charles Schwab.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Services Customized discretionary investment portfolios constructed using a risk tolerance questionnaire and in-depth client conversations to align with individual goals, risk tolerance, and time horizons. Portfolios use ETFs, no-load mutual funds, and structured notes diversified across domestic and foreign stocks, bonds, and real estate, employing tax-aware diversification strategies similar to endowments and large pensions.
• Retirement Planning Services Financial planning designed to help clients prepare for and navigate retirement years, ensuring portfolio growth and income support cash flow requirements. Portfolios are designed to supplement Social Security and other income sources, addressing both the accumulation and decumulation phases of retirement.
• College Planning Services Educational funding services for clients' children or grandchildren using custodial accounts, trust accounts, and 529 Plans, providing tailored solutions for each client's specific college funding requirements.
• Estate Planning, Insurance, and Mortgage Financing Coordination Coordinated services delivered in partnership with local estate planning, insurance, and mortgage professionals to address clients' specialized needs outside the firm's core investment and retirement scope, providing specific advice meeting particular client requirements.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core, secondary and minor.

• Charles SchwabcoreOthersCharles Schwab serves as the primary custodian for client assets. Clients have 24-hour online access to their accounts held at Schwab. The firm possesses Limited Power of Attorney (LPOA) access which allows them to make trades on behalf of clients while accounts remain in clients' names.
• eMoneysecondaryTechnology or IntegrationProvides clients with complimentary access to a custom personal financial website that consolidates their entire financial household view, with daily account updates, alerts, and net worth reporting capabilities.
• Local Estate Planning, Insurance, and Mortgage ProfessionalsminorStrategic or Co-development PartnerThe firm partners with local professionals to provide estate planning, insurance, and mortgage financing services to clients. These partnerships are designed to ensure clients receive specific advice meeting their particular needs in these specialized areas.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Schwab Wealth Advisory: Custodian-affiliated advisory service from Charles Schwab offering managed portfolios and financial planning to retail and HNW clients. Directly comparable to 1650 given its shared Schwab custody relationship, and represents a key competitive threat via lower-cost, scaled delivery.
• Vanguard Personal Advisor Services: Low-cost hybrid advice and managed-account service from Vanguard combining digital tools with human advisors for mass-affluent and HNW investors. Comparable to 1650 in goals-based advice and portfolio management, with significantly lower fees and a national digital-first footprint.
• Creative Planning: Large national independent RIA offering fee-only wealth management, retirement planning, and tax services to HNW individuals and families. Comparable to 1650 in fiduciary, fee-only philosophy and goals-based advice, but at vastly greater scale and geographic reach.
• Carson Group: RIA platform and wealth management firm serving individuals and advisors with financial planning, investment management, and practice-management support. Comparable to 1650 in HNW/retiree focus and fee-based planning, but operates at platform scale with partner-advisor model.
• Fisher Investments: Large independent investment management firm serving HNW individuals, families, and institutions with discretionary portfolio management. Comparable to 1650 in serving affluent retail clients with customized, institutional-style portfolios on a fee basis.
• Mariner Wealth Advisors: National independent RIA serving HNW individuals, business owners, and corporate executives with comprehensive wealth planning and institutional-style investment solutions. Overlaps directly with 1650's HNW and executive-client focus and fiduciary, fee-only model.

Direct peers

• Moneta Group: Independent, fee-only RIA providing comprehensive wealth planning and investment management to HNW individuals, business owners, and retirees. Closely matches 1650's client mix, fiduciary model, and integrated investment + planning offering.
• Buckingham Strategic Wealth: Independent, fee-only RIA focused on evidence-based investing and financial planning for HNW individuals and retirees. Closely comparable to 1650 in fiduciary structure, AUM-based fees, goals-based advice orientation, and boutique service model.

Others

• Edelman Financial Engines: Largest independent RIA in the U.S., combining traditional advisory services with a digital planning platform for mass-affluent and HNW clients. Comparable to 1650 in fiduciary, fee-only wealth management for HNW/retiree segments, with significantly more scale and technology investment.
• Raymond James Financial Services: Broker-dealer affiliated wealth advisory network serving HNW individuals with investment management and financial planning through independent advisors. Comparable to 1650 in HNW/retiree focus and advisor-led wealth management, though operating under a BD-affiliated rather than independent RIA model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/1650wealth
• Facebookfacebook.com/1650Wealth
• LinkedInlinkedin.com/company/1650-wealth-management

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1650 Wealth Management