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1650 Wealth Management
Tom Balcom, a CFP and CAIA charterholder with an MBA, launched 1650 Wealth Management as an independent, fee-only RIA serving HNW individuals in South Florida.
1650 Wealth Management
Tom Balcom, a CFP and CAIA charterholder with an MBA, launched 1650 Wealth Management as an independent, fee-only RIA serving HNW individuals in South Florida. The firm operates from a single office in Lighthouse Point and eschews sales quotas or proprietary products. The firm builds actively managed portfolios that span private commercial real estate, digital asset ETFs, commodities, managed futures, and structured market-linked notes. 1650 does not receive commissions for selecting one investment over another, presenting itself as a fiduciary that analyzes client holdings during a free 60-minute consultation. Balcom has over 20 years of experience in wealth management. Beyond investment management, Balcom serves on the board of the Broward County Junior Golf Association (2023–2024) and was chairman of the Lauderdale-by-the-Sea Chamber of Commerce in 2018. He previously held leadership roles at the Financial Planning Association of Greater Fort Lauderdale, serving as president in 2011 and chairman in 2012. 1650 Wealth Management positions itself as a boutique alternative to larger wirehouse firms, differentiating through high-touch service and a fully transparent fee structure — a direct contrast to the commission-based model common in the wealth management industry.
General information
Firm type
Family Office
Location
Region
North America
Country
United States
City
Lighthouse Point
Corporate office
Lighthouse Point, FL, United States
Principals
Tom Balcom
Founder, President, and Chief Compliance Officer
Sector focus
Frequently asked questions
Who runs investment decisions at 1650 Wealth Management?
Tom Balcom, the firm's founder, President, and Chief Compliance Officer, leads all investment decisions. He holds the CFP and CAIA designations and an MBA. Balcom has over two decades of wealth management experience and personally oversees portfolio construction (per the firm's website).
Does 1650 Wealth Management act as a fiduciary?
Yes. The firm operates as a fee-only Registered Investment Advisor and is required by law to act in a fiduciary capacity at all times. It does not accept sales commissions or receive any incentive to recommend one investment over another (per the firm's website).
What types of investments does 1650 Wealth Management use in client portfolios?
Portfolios are actively managed and can include private real estate investments, digital asset ETFs, commodities, managed futures, and structured market-linked notes. The firm selects from thousands of investment products due to its independent structure (per Altss research and the firm's website).
Is 1650 Wealth Management structured as a family office or a wealth management firm?
It is an independent private wealth management firm that serves high-net-worth individuals, business owners, and retirees. It does not describe itself as a family office and does not manage capital for a single family (per the firm's website).
Does 1650 Wealth Management only serve clients in Florida?
The firm is headquartered in Lighthouse Point, Florida, and primarily serves clients in the region, though it offers complimentary 60-minute consultations that can be conducted via web conference for remote clients (per the firm's contact page).
How does 1650 Wealth Management charge for its services?
The firm operates on a fee-only basis, charging a management fee for managing client accounts. It does not receive any commissions, surrender charges, or third-party compensation. This structure is designed to align the firm's incentives with client interests (per the firm's website).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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