Gwn Securities Inc

CRD#128929
Investment Advisor Firm

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Overview

Gwn Securities Inc is a financial advisory firm located in Palm Beach Gardens, Florida. The firm has $2.8 billion in assets under management across 58,177 accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). It has a large group, including 455 financial advisors. Gwn Securities Inc does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like bonds, stocks and options.

Gwn Securities Inc administers all of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments for the client's account without requiring client approval. The company's average account size is $48,798. The typical financial advisor at Gwn Securities Inc manages around 128 client accounts.

The firm's main office is at 11440 North Jog Road, Palm Beach Gardens, Florida 33418-3764. The company is legally permitted to serve customers across 51 U.S. states and territories.

Assets Under Management

$2.8 billion

Number of Advisors

455

Disclosures

No

Office Location

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

Gwn Securities Inc by the Numbers

Total Assets Under Management

$2.8 billion

National Average: $8.6 billion
Total Number of Employees

755

National Average: 64
Total Number of Accounts

58,177

National Average: 375,227
Average Account Size

$48.8 thousand

National Average: $23.0 thousand
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Products and Services

Gwn Securities Inc offers a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, selection of other advisers and market timing services. In the past fiscal year, the company provided 26-50 of its accounts with financial planning services. It does sell products or offer services other than investment advisory services to its customers. Gwn Securities Inc is affiliated with one or more other service providers in the financial services industry, 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 46% 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 20% 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

Financial management fees largely vary depending on the services offered. However, fees charged by the company most likely include the following fee types: asset-based, hourly, fixed or other. Gwn Securities Inc does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 69% 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 32% 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 company provides services to retail investors, high net worth investors and corporations. Out of its 58,177 accounts, Gwn Securities Inc's largest client type is retail investors, although it also caters to 1,253 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients reside abroad.

  • High-Net-Worth Individuals* - 3.96%
  • Other Individuals - 95.8%
  • Corporations - 0.25%
  • 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

Justin Heaslip
Iselin, NJ
Gary Oconnor
Palm Beach Gardens, FL
Sergey Lyubyatinskiy
Los Angeles, CA
Stephen White
Owasso, OK
David Karl
Palm Beach Gardens, FL
Roy Weiss
Williamsport, PA
Lingan Deitrick
Iselin, NJ
Simona Taurosevicius
Palm Beach Gardens, FL
John Bannan
Palm Beach Gardens, FL

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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