Glover Park Wealth Announces Assets Under Management as of December 31, 2024
January 3, 2025
Arlington, VA, January 3, 2025 -- Glover Park Wealth Management, LLC., (Glover Park Wealth), a registered investment advisor (RIA), employee benefits broker, and insurance agency in Arlington, Virginia.
Glover Park Wealth announced today $119,786,589 in assets under management (AUM) as of December 31, 2024. This represents a year-over-year increase of 31.64% in AUM from December 31, 2023.
Glover Park Wealth will be registering with the Securities and Exchange Commission (SEC), as an SEC Investment Advisor, now that AUM exceeds $100 Million in calendar year 2025.
The Glover Park Wealth insurance agency entered the property & casualty insurance marketplace in 2024 to provide personal and business insurance for: small, middle, and large companies through our insurance brokerage partners.
“2024 was an important year for the business, the wealth management segment performed above expectations as the GPW Large Cap investment strategy experienced an exceptionally strong year. The company also made the strategic decision to domicile into the Commonwealth of Virginia in 2024. Our corporate headquarters is located at the Ballston Exchange Class A office building in Arlington, VA. The firm continues to invest in our technology stack which provides us with operational efficiencies to grow the business and platform while providing best in class portfolio management and customer service for our clients." said Michael T. Jobe, principal & chief investment officer.
"In addition, the firm continues to expand our team with industry leading consultants and key vendor partnerships which enables our firm to be in position to win larger corporate deals for: 401(k) plans, employee benefits, and commercial property & casualty insurance. Lastly, Glover Park Wealth is debt-free, which puts us in a position of strength as we navigate the wealth management, employee benefits, and insurance marketplace in 2025.” said Michael T. Jobe.
About Glover Park Wealth Management, LLC.
Glover Park Wealth is a registered investment advisor (RIA), employee benefits broker, and insurance agency located in Arlington, VA. Our company’s mission is to build, grow, and protect the assets of our clients. The firm operates in the following segments: wealth management, 401(k) plans, employee benefits, and insurance.
Contact:
Glover Park Wealth Management, LLC
4201 Wilson Blvd. FL 3
Arlington, VA 22203
contact@gloverparkwealth.com
202-926-3725
Arlington, VA, May 17, 2024 -- Glover Park Wealth Management, LLC., (Glover Park Wealth), a registered investment advisor (RIA), employee benefits firm and insurance agency in Arlington, VA. Glover Park Wealth announced today the address of our headquarters at Ballston Exchange in Arlington, VA. Glover Park Wealth Management, LLC 4201 Wilson Blvd 3rd Floor Arlington, VA 22203 "We are excited to join the community at Ballston Exchange in Arlington, VA. Our firm welcomes clients and vendors to visit our new office location." said Michael T. Jobe, principal and chief investment officer.” Glover Park Wealth assets under management (AUM) as of May 16, 2024: $100,886,000. About Glover Park Wealth Management, LLC Glover Park Wealth is a registered investment advisor (RIA) and employee benefits firm located in Arlington, VA. Our company mission is to build, grow and protect the assets of our clients. The firm operates in the following segments: wealth management, 401(k) plans, employee benefits, and insurance. Contact: Glover Park Wealth Management, LLC 4201 Wilson Blvd 3rd Floor Arlington, VA 22203 contact@gloverparkwealth.com 202-926-3725
Washington, DC, January 2, 2024 -- Glover Park Wealth Management, LLC., (Glover Park Wealth), a registered investment advisory (RIA) and employee benefits firm in Washington, DC. Glover Park Wealth announced today $90,990,713 in assets under management (AUM) as of December 31, 2023. This represents a year-over-year increase of 93.65% in AUM from December 31, 2022. The firm had an inflow of assets into our wealth management and 401(k) plan segments along with capital appreciation from client portfolios. The employee benefits business continued to expand in 2023 as several companies selected Glover Park Wealth and our health insurance brokerage partners to manage their employee group insurance benefits and 401(k) plans. “We are pleased with our fiscal year 2023 financial performance, the firm experienced organic growth across our largest business segments. The firm continues to execute on our mission to build, grow and protect the assets of our clients.” said Michael T. Jobe, principal & chief investment officer. About Glover Park Wealth Management, LLC. Glover Park Wealth is a registered investment advisory (RIA) and employee benefits firm located in Washington, DC. Our company mission is to build, grow and protect the assets of our clients. The firm operates in the following segments: wealth management, 401(k) plans, employee health benefits and life insurance. Contact: Glover Park Wealth Management, LLC 14 Ridge Square N.W. 3rd Floor Washington, DC 20016 contact@gloverparkwealth.com 202-926-3725
Washington, DC, November 14, 2023 -- Glover Park Wealth Management, LLC., (Glover Park Wealth), a registered investment advisory (RIA) and employee benefits firm in Washington, DC. Glover Park Wealth announced that they have been selected as an Advisor Elite Gold Status firm at ADP Retirement. As a gold status firm, ADP is providing Glover Park Wealth with a dedicated service team to manage and support the firms growing 401(k) practice. “This is an important achievement for Glover Park Wealth, our firm is now in the top 4% of 401(k) plan advisors on the ADP retirement platform,” said Michael T. Jobe, principal and chief investment officer. "This accomplishment makes our firm more efficient going forward as we continue to grow our 401(k) retirement plan business." Glover Park Wealth is an established 401(k) plan advisor which partners with several 401(k) recordkeepers to meet the retirement plan goals of our plan sponsor clients. About Glover Park Wealth Management, LLC. Glover Park Wealth is a registered investment advisory (RIA) and employee benefits firm located in Washington, DC. Our company mission is to build, grow and protect the assets of our clients. The firm operates in the following segments: wealth management, 401(k) plans, employee health benefits and life insurance. Contact: Glover Park Wealth Management, LLC 14 Ridge Square N.W. 3rd Floor Washington, DC 20016 contact@gloverparkwealth.com 202-926-3725