Business Details
16 Years
experience
Your Trusted Partner for Financial Advisory Services in Lighthouse Point, FL
1650 Wealth Management is an independent, fee-only, fiduciary financial advisory firm dedicated to placing client interests first. With over 20 years of experience, we specialize in creating customized investment strategies for high-net-worth individuals, business owners, retirees, and families. Our approach combines institutional-class investments, tax-aware strategies, and comprehensive financial planning to protect and grow wealth. As a Registered Investment Advisor, we operate under strict fiduciary standards, maintaining transparency through fee-only compensation with no sales commissions. Our team leverages advanced certifications including Certified Financial Planner and Chartered Alternative Investment Analyst designations to deliver objective advice.We serve clients through personalized service models that include retirement planning, college funding strategies, and estate planning coordination. Our investment philosophy mirrors endowment-style diversification across global asset classes while utilizing ETFs, mutual funds, and structured notes. Client assets are safeguarded through third-party custodians with 24/7 account access. We maintain active industry engagement through speaking engagements, media contributions, and academic instruction. Our commitment to excellence is demonstrated through professional affiliations and community leadership roles in financial planning organizations.
Services
Investment Management
Retirement Planning
College Funding Strategies
Estate Planning Coordination
Tax-Efficient Investing
Wealth Transfer Planning
Portfolio Diversification
Financial Consultation
Asset Allocation
Wealth Preservation
Details
- Year established: 2010
Highlights and features
- We operate under strict fiduciary standards requiring us to act in clients' best interests at all times
- Our fee-only compensation model eliminates conflicts of interest from sales commissions
- 20+ years of private wealth management experience with advanced industry certifications
- Custom investment strategies utilizing institutional-class assets across global markets
- Comprehensive financial planning addressing retirement, education funding, and estate preservation
Associations and certifications
- Registered Investment Advisor (RIA)
Services
Investment Management
Our investment management services create customized portfolios using ETFs, mutual funds, and structured notes. We implement endowment-style diversification across global asset classes while maintaining tax efficiency. With 20+ years of experience, we combine active and passive strategies to match individual risk tolerance levels and long-term financial objectives.
Retirement Planning
We develop comprehensive retirement plans focusing on sustainable income streams and wealth preservation. Our approach integrates portfolio management with cash flow analysis to ensure financial security throughout retirement years. We specialize in optimizing social security benefits and creating tax-efficient withdrawal strategies for pre- and post-retirees.
College Funding Strategies
Our college planning services utilize 529 plans, custodial accounts, and trust structures to meet educational funding needs. We create tailored solutions balancing education savings goals with overall wealth management objectives. Our strategies consider financial aid implications and tax advantages for multi-generational education funding.
Estate Planning Coordination
We coordinate estate planning with legal and tax professionals to ensure seamless wealth transfer. Our services focus on minimizing estate taxes and creating structured inheritance plans. We implement strategies for business succession, charitable giving, and multi-generational wealth preservation aligned with clients' long-term objectives.
Tax-Efficient Investing
Our tax-aware investment approach strategically allocates assets between taxable and tax-sheltered accounts. We utilize tax-efficient investment vehicles and harvesting strategies to optimize after-tax returns. The service integrates with overall financial planning to reduce tax liabilities across investment portfolios and estate planning structures.
People
Tom Balcom
Founder & Wealth Advisor
Certified Financial Planner and Chartered Alternative Investment Analyst with 25+ years of experience. Former adjunct professor at Barry University, recognized industry speaker, and contributor to major financial publications. Founded 1650 Wealth Management in 2010 to provide fiduciary-driven financial advice.
Questions
What services does 1650 Wealth Management offer?
We provide investment management, retirement planning, college funding strategies, estate planning coordination, and tax-efficient wealth preservation solutions tailored to high-net-worth individuals and families.
Are you legally required to act in my best interest?
Yes, as a Registered Investment Advisor, we operate under strict fiduciary standards requiring us to prioritize client interests above all other considerations at all times.
How do you approach investment management?
We utilize endowment-style diversification across global asset classes including ETFs, mutual funds, and structured notes to create customized portfolios aligned with individual risk profiles and financial goals.
What makes your firm different from other financial advisors?
Our fee-only compensation model, advanced professional certifications, and institutional-quality investment approach distinguish us from commission-based advisors and mass-market financial institutions.
Do you serve clients outside South Florida?
While based in Lighthouse Point, we serve clients nationwide through virtual consultations and digital portfolio management tools with 24/7 account access.
Can I schedule a no-obligation consultation?
Yes, we offer complimentary 60-minute second opinion consultations either in-person or via web conference to discuss your financial goals and current investment strategy.
