{
  "crd_number": 306548,
  "slug": "palumbo-wealth-management-llc-great-neck-ny-306548",
  "primary_business_name": "PALUMBO WEALTH MANAGEMENT LLC",
  "legal_name": "PALUMBO WEALTH MANAGEMENT LLC",
  "dbas": [],
  "city": "Great Neck",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-01-06",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-08-03",
  "carried_forward": false,
  "raum_total": 543384640.0,
  "raum_discretionary": 543384640.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 36724980.0,
      "count": 125
    },
    "pension_profit_sharing": {
      "raum": 1870058.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 493064558.0,
      "count": 158
    },
    "corporations_other_businesses": {
      "raum": 11725044.0,
      "count": 6
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "MA",
    "NH",
    "NJ",
    "NY",
    "PA",
    "TX"
  ],
  "websites": [
    "https://facebook.com/PalumboWM",
    "https://instagram.com/palumbowm",
    "https://linkedin.com/company/palumbo-wealth-management",
    "https://palumbowm.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/306548",
  "city_as_filed": "GREAT NECK",
  "url": "https://advisorcensus.com/firm/palumbo-wealth-management-llc-great-neck-ny-306548",
  "display_name": "Palumbo Wealth Management LLC",
  "summary": "Palumbo Wealth Management LLC is an SEC-registered investment advisory firm in Great Neck, NY, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 3, 2026.",
  "citation": "AdvisorCensus. Palumbo Wealth Management LLC (CRD 306548): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Palumbo Wealth Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Palumbo Wealth Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Palumbo Wealth Management LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated August 3, 2026 states: Asset-based fee: 0.15% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Palumbo Wealth Management LLC located?",
      "a": "Palumbo Wealth Management LLC's principal office is in Great Neck, NY, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Palumbo Wealth Management LLC registered with the SEC or a state?",
      "a": "Palumbo Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 306548."
    },
    {
      "q": "How much does Palumbo Wealth Management LLC manage?",
      "a": "Palumbo Wealth Management LLC reports $543,384,640 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Palumbo Wealth Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Palumbo Wealth Management LLC: Regulatory assets under management: $180,804,138 in the October 2021 data and $543,384,640 in the October 2026 data, up 201%. Total employees: 7 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Palumbo Wealth Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (158); individuals (other than high net worth individuals) (125); corporations or other businesses not listed above (6)."
    },
    {
      "q": "Which custodians does Palumbo Wealth Management LLC use?",
      "a": "Palumbo Wealth Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Palumbo Wealth Management LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/306548"
    },
    {
      "q": "Does Palumbo Wealth Management LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 3, 2026 says: \"PWM requires a minimum relationship size of $500,000, which may be reduced at the Advisor’s sole discretion.\""
    },
    {
      "q": "What changed in Palumbo Wealth Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Changed its office addresses in Berkeley Heights, NJ."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 180804138.0,
      "total_employees": 7,
      "filing_date": "2021-09-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 218619572.0,
      "total_employees": 6,
      "filing_date": "2022-05-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 230140486.0,
      "total_employees": 7,
      "filing_date": "2023-07-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 322682038.0,
      "total_employees": 6,
      "filing_date": "2024-08-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 542198478.0,
      "total_employees": 7,
      "filing_date": "2025-07-16"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 543384640.0,
      "total_employees": 7,
      "filing_date": "2026-08-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Changed its office addresses in Berkeley Heights, NJ."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 3, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.15% to 1.75% a year",
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.15% to 1.75% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Advisory fees are based on the market value of assets under management at the end of the prior quarter. Advisory fees range from 0.15% to 1.75% annually based on several factors, including, but not limited to: the services offered to the Client, the complexity of the services to be provided, the level of Client assets managed by the Advisor, and/or the overall relationship with the Advisor."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "PWM requires a minimum relationship size of $500,000, which may be reduced at the Advisor’s sole discretion."
        ]
      }
    ],
    "quotes": [
      "Advisory fees are based on the market value of assets under management at the end of the prior quarter. Advisory fees range from 0.15% to 1.75% annually based on several factors, including, but not limited to: the services offered to the Client, the complexity of the services to be provided, the level of Client assets managed by the Advisor, and/or the overall relationship with the Advisor.",
      "PWM requires a minimum relationship size of $500,000, which may be reduced at the Advisor’s sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/palumbo-wealth-management-llc-great-neck-ny-306548.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 125,
      "fewer_than_5": false,
      "raum": 36724980.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 158,
      "fewer_than_5": false,
      "raum": 493064558.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 1870058.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 6,
      "fewer_than_5": false,
      "raum": 11725044.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/306548",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}