Gwn Securities Inc

CRD#128929
Investment Advisor Firm

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Learn more about Gwn Securities Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Gwn Securities Inc is an advisory firm based in Palm Beach Gardens, Florida. Gwn Securities Inc oversees $3.1 billion in total assets over 54,640 customer accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). Gwn Securities Inc has a large group, including 446 financial advisors. Gwn Securities Inc 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 has to go through a broker-dealer firm to do so. Securities are exchangable financial assets such as stocks, bonds and options.

    Gwn Securities Inc administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell choices are made by an investment advisor without needing to seek the client's consent. The firm's average account size is $57,525. An average advisor at Gwn Securities Inc manages about 123 client accounts.

    The company's headquarters is located at 11440 North Jog Road, Palm Beach Gardens, Florida 33418-3764. Gwn Securities Inc is legally registered to provide services to customers across 51 U.S. states and territories.

    Assets Under Management

    $3.1 billion

    Number of Advisors

    446

    Disclosures

    No

    Office Location

    11440 North Jog Road
    Palm Beach Gardens, FL 33418-3764

    Gwn Securities Inc by the Numbers

    Total Assets Under Management

    $3.1 billion

    National Average: $9.0 billion
    Total Number of Employees

    759

    National Average: 71,771
    Total Number of Accounts

    54,640

    National Average: 4,329
    Average Account Size

    $57.5 thousand

    National Average: $2.1 million
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    Products and Services

    Gwn Securities Inc provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers and market timing services. In the prior fiscal year, the firm provided financial planning services to 26-50 of its customers. The company is involved in selling products or offering services aside from investment advisory services to its customers. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 47% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Offered by 0% of firms

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 21% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors typically vary depending on which services the firm provides the client. However, fee types billed by Gwn Securities Inc likely are comprised of any blend of the following fee types: asset-based, hourly, fixed or other. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 70% 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 21% of firms

      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.

    • Offered by 33% of firms

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • Find one of the 1% 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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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.

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    Types of Clients

    The firm provides services to retail investors, high net worth investors and corporations. Out of its 54,640 clients, Gwn Securities Inc's biggest client type by number of accounts is retail investors, though it also manages money for 136 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 0.25%
    • Other Individuals - 99.69%
    • Corporations - 0.06%
    • 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

    Gwn Securities Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Gwn Securities Inc

    Chad Baccus
    Palm Beach Gardens, FL
    Gregory Holman
    Palm Beach Gardens, FL
    Larry Pham
    Los Angeles, CA
    Kevin Lamberson
    Palm Beach Gardens, FL
    Joey Martin
    Palm Beach Gardens, FL
    Michael Jones
    Matthews, NC
    James Boseman
    Palm Beach Gardens, FL
    Victor Vera Arias
    Palm Beach Gardens, FL
    Matthew Monahan
    Basking Ridge, NJ

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