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Salvus Wealth Management
Salvus Wealth Management began in 2014 when co-founders Charles T. Woolston, a CPA with more than 35 years in practice, and Chief Investment Officer Robert W.
Salvus Wealth Management
Salvus Wealth Management began in 2014 when co-founders Charles T. Woolston, a CPA with more than 35 years in practice, and Chief Investment Officer Robert W. Joel structured an RIA that treats the CPA credential as a design feature rather than a compliance checkbox. The firm operates from dual headquarters in Red Bank, New Jersey and Jacksonville, Florida, serving high-net-worth individuals, family-owned businesses, and trusts through a model built on tax-aware planning and fiduciary investment management. The firm's investment approach relies on sourcing and performing due diligence on third-party boutique money managers, then constructing client portfolios with an explicit priority on capital preservation. Client assets sit inside separately managed accounts and financial plans rather than proprietary funds. The advisory team — seven financial advisors, five of whom hold CPA or CPA/MST designations — covers estate tax strategy, retirement-income modeling, and retirement account planning. The Jacksonville office extends the footprint across the Sun Belt, while a dedicated operations director and a client relationship manager handle workflows for investors who marry business-owner liquidity events to long-term wealth structuring. The principals have not reported a public AUM figure. The registered headcount stands at nine professionals according to the firm's team page. No adjacent vehicles — such as in-house private funds, philanthropic foundations, or real-asset operating companies — appear in the firm's public disclosures. The website emphasizes consumer-oriented tools (mortgage calculators, Medicare Part C explainers, 401(k) contribution models) alongside blogs on estate tax and market volatility, reinforcing a retail-to-affluent advice posture rather than an institutional allocator one. Salvus's structural distinction is its CPA concentration: tax compliance and advisory sit inside the same entity as asset allocation and manager selection. Where many RIAs separate tax preparation or refer it out, Salvus embeds CPAs on the advisor roster and on the management committee, creating a single point of accountability for both tax efficiency and portfolio construction — a model that appeals to owners of closely held businesses navigating succession events.
General information
Firm type
RIA
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Red Bank
Corporate office
200 Schulz Dr. Suite 302, Red Bank, NJ 07701, United States
Additional offices
6022 San Jose Blvd Suite 100N, Jacksonville, FL 32217, United States
Principals
Charles T. Woolston
Co-founder & Chief Executive Officer
Robert W. Joel
Co-founder & Chief Investment Officer
Sonja M. Elia
Chief Compliance Officer & Operations Director
Anna Marie Rogers
Client Relationship Manager
Jeffrey M. Jacobs
Financial Advisor
Aimee M. Jensen
Financial Advisor
Peter Freidel
Financial Advisor
Robert O'Quinn
Partner & Financial Advisor
William McNamara
Financial Advisor
Frequently asked questions
Who runs investment decisions at Salvus Wealth Management?
Robert W. Joel serves as Co-founder & Chief Investment Officer and sits on the Investment Strategy Team alongside CEO Charles T. Woolston. The firm sources boutique third-party money managers; individual portfolio decisions are guided by the client's risk tolerance and liquidity needs, with the internal team conducting due diligence on the managers they recommend.
Is Salvus structured as a family office or a traditional advisory practice?
Salvus is a registered investment advisor (RIA) that functions as a wealth management firm for multiple high-net-worth clients, not a single-family office. It does not pool client capital into proprietary vehicles. The firm acts as a fiduciary under the Investment Advisers Act, advising individuals, estates, trusts, and closely held businesses.
How does Salvus approach manager selection?
The firm performs its own due diligence on external boutique investment managers — typically smaller, specialist shops — rather than building in-house strategies. Woolston and Joel have stated that capital preservation is the 'golden rule,' which filters how managers are evaluated before inclusion in a client's portfolio across equity, fixed-income, and cash-alternative sleeves.
Does Salvus manage any pooled funds or private investment vehicles?
No. Public disclosures show no in-house mutual funds, private funds, or commingled investment vehicles. All assets appear to sit in separately managed client accounts, with the firm constructing individual policy statements and sourcing third-party managers rather than operating as a fund sponsor.
What is the significance of the CPA credentials across the team?
Five of the nine listed professionals hold CPA or CPA/MST designations, including CEO Charles Woolston and multiple financial advisors. This embeds tax planning — income, estate, and gift tax — directly into the investment advisory process, allowing the firm to coordinate portfolio construction with tax-loss harvesting, retirement-account distribution sequencing, and business-succession planning without outsourcing to a separate CPA firm.
Which client types does Salvus primarily serve?
The firm targets high-net-worth individuals, family-owned businesses, estates, and trusts. Its content library — covering topics like long-term care, white-elephant inheritances, and 401(k) catch-up contributions — indicates a focus on mass-affluent to high-net-worth clients navigating retirement, estate transfer, and business-owner liquidity.
Does the firm have any known institutional or allocator relationships?
There is no public evidence of sub-advisory relationships, institutional separate-account mandates, or formal co-investment partnerships with pension funds, endowments, or foundations. Salvus functions as a direct-to-client advisory firm; its Jacksonville and Red Bank offices both list standard retail client-service contacts rather than institutional gatekeepers.
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