Gladstone Wealth Partners

CRD#250787
Investment Advisor Firm

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Learn more about Gladstone Wealth Partners

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

    • Overview

    Gladstone Wealth Partners is an advisory company headquartered in Boca Raton, Florida. The firm has $3.5 billion in assets under management across 14,947 accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). The company has a large group, including 102 financial advisors. Gladstone Wealth Partners does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like bonds, stocks and options.

    Gladstone Wealth Partners oversees 14,822 of its client assets on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell decisions for the client's account without needing to seek the customer's consent. The firm also has 125 non-discretionary accounts with a total of $14.0 million in AUM. The firm oversees an average of $236,745 for each account. An average financial advisor at Gladstone Wealth Partners oversees about 147 client accounts.

    The company's headquarters is located at 2500 N. Military Trail, Boca Raton, Florida 33431. The firm is legally allowed to serve clients throughout 49 U.S. states and territories.

    Assets Under Management

    $3.5 billion

    Number of Advisors

    102

    Disclosures

    No

    Office Location

    2500 N. Military Trail
    Boca Raton, FL 33431

    Gladstone Wealth Partners by the Numbers

    Total Assets Under Management

    $3.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    102

    National Average: 64
    Total Number of Accounts

    14,947

    National Average: 375,227
    Average Account Size

    $236.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Gladstone Wealth Partners provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and other services. In the past fiscal year, the company provided financial planning services to 101-250 of its clients. Gladstone Wealth Partners does not sell products or offer services apart from investment advice to its investment advisory clients. The company is also affiliated with a number of 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.

    • Find a firm that offers this service

      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 advisory fees largely vary depending on the services offered. Fees charged by Gladstone Wealth Partners most likely include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Gladstone Wealth Partners.

    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 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.

    Unavailable

    • Find one of the 21% 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 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.

    • Find one of the 10% 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.

    Back to Overview

    Types of Clients

    The company manages money for a broad range of customers. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 14,947 clients, Gladstone Wealth Partners's biggest client is retail investors, though it also manages money for 1,509 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.

    • High-Net-Worth Individuals* - 22.96%
    • Other Individuals - 76.7%
    • Corporations - 0.27%
    • Charitable Organizations - 0.06%

    * 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

    Gladstone Wealth Partners does not have any disclosures.

    Please visit its Form ADV for more details.

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