Westfield, NJ Office

Palumbo Wealth Management serves high‑net‑worth individuals, families, trusts, estates, businesses, and retirement plans through wealth management, discretionary investment management, financial planning, and retirement‑plan advisory services. The firm manages approximately $543 million for roughly 283 clients and operates as a team practice with a small advisory staff.

The firm’s investment approach is primarily long‑term and discretionary, constructing portfolios from mutual funds, ETFs, individual equities and bonds, and at times options, private investments, and other alternatives; PWM also allocates to unaffiliated independent managers when appropriate and provides held‑away participant account access via the Pontera platform. PWM positions itself as a fiduciary and applies fundamental and technical analysis, portfolio rebalancing, and occasional short‑term trading to meet client objectives while monitoring risk.

Noteworthy in the brochure are disclosures that the firm employs derivatives and options in client portfolios (described as hedging and tactical tools), and that its marketing practices include hypothetical performance presentations and the use of endorsements—features that are less common among peers. The brochure also discloses affiliated broker‑dealer and insurance activities, and a referral/endorsement compensation practice, which the firm identifies as potential conflicts of interest to be managed under its policies.