GSB Wealth Management, LLC is an SEC-registered investment adviser with its principal place of
business located in Guilford, CT. GSB Wealth Management, LLC began conducting business in 1999.
Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or
more of this company).
The Guilford Savings Bank
GSB Wealth Management, LLC offers the following advisory services to our clients:
INDIVIDUAL PORTFOLIO MANAGEMENT
Our firm provides continuous advice to clients regarding the investment of client funds based on the
needs of the client. We create and manage portfolios based on information obtained in personal
discussions with the client regarding goals, objectives and particular circumstances. During our data-
gathering process, we determine as best we can, the client’s individual objectives, time horizons, risk
tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment
history, family composition and background.
We manage these advisory accounts on a discretionary or non-discretionary basis. Account supervision
is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth
and income), as well as tax considerations.
Clients may impose reasonable restrictions on investing in certain securities, types of securities, or
industry sectors.
Our investment recommendations are not limited to any specific product or service offered by a broker-
dealer and will generally include advice regarding the following securities:
Exchange-listed securities; Securities traded over-the-counter; Foreign issuers; Warrants; Corporate
debt securities (other than commercial paper); Commercial paper; Certificates of deposit; Municipal
securities; Mutual fund shares; United States governmental securities; Real Estate Investment Trusts
(REITs)
Because some types of investments involve certain additional degrees of risk, they will only be
implemented/recommended when consistent with the client's stated investment objectives, tolerance for
risk, liquidity and suitability.
GUIL PLATFORM
The Guided Investment Launchpad (“GUIL”) Program is a goal-based digital wealth management
platform (“Platform”) offered through Betterment LLC (“Betterment”), a registered investment adviser
which serves as a sub-adviser to Adviser’s clients, allowing our firm and clients to identify multiple
investment goals, each with specific portfolio allocations. Betterment construct’s model portfolios typically
consisting of Exchange Traded Funds (ETFs) and/or mutual funds. Betterment uses our client’s
responses to a risk profile questionnaire and maps the client risk profile and investment objectives to a
specific model portfolio. Our advisors periodically review these model portfolios with our clients and we
have the ability to change the model portfolio if it does not match our view of the client’s risk tolerance.
Betterment’s algorithms automate back-office tasks such as trading, portfolio management, tax loss
harvesting, and account rebalancing. Betterment’s website and mobile application provide a platform for
account access and monitoring and delivery of account documentation and notices. Our firm has access
to a dashboard for purposes of monitoring and managing client accounts.
CONSULTING SERVICES
Our firm provides ad-hoc consulting services for clients who do not wish to have a continuously monitored
account. Our consulting services are based on the individual investment needs of the client. The client
has the option of having their account reviewed on an annual basis. Through personal discussions in
which individual goals and objectives are established, and the financial needs and circumstances as
described in the client questionnaire, a portfolio is created based on the client's individual circumstances.
During our data-gathering process, we try to determine the client’s objectives, time horizons, risk
tolerance, and liquidity needs. Based on available information as appropriate, we may also review and
discuss a client’s prior investment history, as well as family demographics and background.
Clients may impose reasonable restrictions on investing in certain securities, types of securities, or
industry sectors. These are not discretionary clients. Account adjustments are made only after
consultation with the client. Generally, requests for advice or adjustments in portfolio holdings are client
initiated.
Our investment recommendations are not limited to any specific product or service offered by a broker-
dealer and will generally include advice regarding the same securities listed under Individual Portfolio
Management.
FINANCIAL PLANNING SERVICES
We offer financial planning services. Financial planning will typically involve providing a variety of advisory
services to clients regarding the management of their financial resources based upon an analysis of their
individual needs. If you retain our firm for financial planning services, we will meet with you to gather
information about your financial circumstances and objectives. Once we review and analyze the
information you provide to our firm, we may deliver a written plan to you, designed to help you achieve
your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information you provide to our firm. You must promptly notify our firm if your financial situation,
goals, objectives, or needs change.
You are under no obligation
to act on our financial planning recommendations. Should you choose to act
on any of our recommendations, you are not obligated to implement the financial plan through any of our
other investment advisory services. Moreover, you may act on our recommendations by placing securities
transactions with any brokerage firm.
You may terminate the financial planning agreement by providing written notice to our firm. You will incur
a pro rata charge for services rendered prior to the termination of the agreement. If you have pre-paid
advisory fees that we have not yet earned you will receive a prorated refund of those fees.
PENSION CONSULTING SERVICES
We also provide the following advisory services separately or in combination. While the primary clients for
these services will be profit sharing and 401(k) plans, we offer these services, where appropriate, to
individuals and trusts, estates and charitable organizations. Clients may choose to use each of these
services.
Advisory Services to Retirement Plans and Plan Participants
As part of our portfolio management services, we may service employee benefit plans and their
fiduciaries based upon the needs of the Plan and the services requested by the plan sponsor or named
fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice
regarding fund selection and investment options, education services to plan participants, investment
performance monitoring, certain plan level administrative services and/or ongoing consulting. Additionally,
we may determine the specific investments to be held by the Plan or offered as investment options under
the Plan consistent with the Plan's Investment Policy Statement.
We may also assist with participant enrollment meetings and provide investment-related educational
seminars to plan participants on such topics as: Diversification; Asset allocation; Risk tolerance; and Time
horizon. Our educational seminars may include other investment-related topics specific to the particular
plan. All services, whether discussed above or customized for the plan based upon requirements from the
plan fiduciaries (which may include additional plan-level or participant-level services), shall be detailed in
a written agreement and be consistent with the parameters set forth in the Plan documents.
As disclosed above, we offer various levels of advisory and consulting services to employee benefit plans
("Plan") and to the participants of such plans (“Participants”). Pursuant to adopted regulations of the U.S.
Department of Labor under ERISA Section 408(b)(2), we are required to provide the Plan's responsible
plan fiduciary (the person who has the authority to engage us as an investment adviser to the Plan) with
a description of the services we provide to the Plan, the compensation we receive for providing those
services, and our status (which is described below).
The services we provide to your Plan are described above, and in the service agreement that you sign
with our firm. Our compensation for these services is described below, in Item 5, and also in the service
agreement. We may, with consent of the Plan, and in accordance with Plan documents, bill out-of-pocket
expenses (such as overnight mailings, messenger, translation fees, etc.) at cost. We do not reasonably
expect to receive any other compensation, direct or indirect, for the services we provide to the Plan
or Participants unless we are retained under a separate engagement. If we receive any other
compensation for such services, we will (i) offset the compensation against our stated fees, and (ii) we will
promptly disclose the amount of such compensation, the services rendered for such compensation and
the payer of such compensation to you.
In providing services to the Plan and Participants, our status is that of a federally registered investment
adviser, and we are not subject to any disqualifications under Section 411 of ERISA. In performing
fiduciary services, we are acting either as a non-discretionary fiduciary of the Plan as defined in Section
3(21) under ERISA, and/or as a discretionary fiduciary of the plan as defined in Section 3(38) under
ERISA.
Selection of Investment Vehicles:
We assist plan sponsors in creating an appropriate array of investment options. We review mutual funds
(both index and managed) to determine which investments are appropriate within the investment
guidelines provided by the client. Investment will be determined by the client. We implement
trustee/beneficiary selections, determined by them, on a quarterly or annual basis. We do not make
specific recommendations; we simply direct the plan’s custodian to affect participant’s directed choices.
Employee Communications:
For profit sharing and 401(k) plan clients with individual plan participants exercising control over assets in
their own account (''self-directed plans''), we may also provide annual educational support and investment
workshops designed for the plan participants. The nature of the topics to be covered will be determined
by us and the client under the guidelines established in ERISA Section 404(c). The educational support
and investment workshops will NOT provide plan participants with individualized, tailored investment
advice or individualized, tailored asset allocation recommendations.
AMOUNT OF MANAGED AND NON-MANAGED ASSETS
As of 12/31/22, we were actively managing $451,868,635 of clients' assets on a discretionary basis, and
$97,147 on a non-discretionary basis, for a total of $451,965,782.