1650 Wealth Management, Llc
- Regulatory AUM
- $120M
- Discretionary
- $120M
- Clients
- 125
- Avg AUM / client
- $957K
- Accounts
- 484
- Employees
- 1
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 18, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 85 | $24.0M | 20.1% |
| High net worth individuals | 37 | $88.2M | 73.7% |
| Pension and profit sharing plans | 1 | $1.0M | 0.84% |
| Charitable organizations | 1 | $1.5M | 1.25% |
| Corporations and other businesses | 1 | $5.0M | 4.18% |
People (1)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Thomas W. Balcom | President/Chief Compliance Officer | CFP | Nov 2009 (17y) | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 1.08 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION DISCOVERED FINDINGS DURING THE COURSE OF THEIR REGULATORY EXAM OF THE FIRM. 1650 WEALTH MANAGEMENT AMICABLY RESOLVED THIS MATTER. Status: Final Sanction Detail: THE STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION DISCOVERED FINDINGS DURING THE COURSE OF THEIR REGULATORY EXAM OF THE FIRM. 1650 WEALTH MANAGEMENT AMICABLY RESOLVED THIS MATTER. MONETARY FINE OF $10,000. Summary: THE STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION DISCOVERED FINDINGS DURING THE COURSE OF THEIR REGULATORY EXAM OF THE FIRM. 1650 WEALTH MANAGEMENT AMICABLY RESOLVED THIS MATTER.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Charles Schwab & Co. $125M (104% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.
View current Form ADV (SEC/IAPD) ↗