Global Wealth Partners, LLC

CRD#150481
Investment Advisor Firm

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Overview

Global Wealth Partners, LLC operates as an advisory company that has its headquarters in Scottsdale, Arizona. The firm administers $350.0 thousand in total assets throughout three client accounts. Global Wealth Partners, LLC has a small group of three employees, all of whom are financial advisors. Global Wealth Partners, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments such as options, bonds and stocks.

Global Wealth Partners, LLC manages all of the company's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions without needing to seek client consent. The company oversees about $116,667 in assets for every account. Under $100,000 of its financial planning investments were in securities, with under $100,000 invested in non-securities. The typical financial advisor at Global Wealth Partners, LLC oversees around one client account, placing it among the most personalized advisor firms in the country.

The firm's central office is located at 7033 E. Greenway Parkway Suite #190, Scottsdale, Arizona 85254. The firm is legally registered to provide services to clients across 7 states, including Arizona, California, Illinois, Louisiana, New Jersey, Nevada and Texas.

Assets Under Management

$350.0 thousand

Number of Advisors

3

Fee Structure

Asset-based, Performance-based

Disclosures

No

Office Location

7033 E. Greenway Parkway Suite #190
Scottsdale, AZ 85254

Global Wealth Partners, LLC by the Numbers

Total Assets Under Management

$350.0 thousand

National Average: $3.3 billion
Total Number of Employees

3

National Average: 4,943
Total Number of Accounts

3

National Average: 2,522
Average Account Size

$116.7 thousand

National Average: $1.3 million

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Fee Structure

Financial management fees largely are based on the services provided. However, fee types billed by the company most likely are comprised of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm. Global Wealth Partners, LLC is able to withdraw its charges directly from customer accounts.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It caters to retail investors. Out of its three clients, Global Wealth Partners, LLC's biggest client by number of accounts is retail investors. None of its accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Global Wealth Partners, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA