Gateway Wealth, Inc

CRD#106022
Investment Advisor Firm

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Overview

Gateway Wealth, Inc is an advisory company headquartered in Hudson, Ohio. The company handles $76.5 million in assets over 249 client accounts. Gateway Wealth, Inc has a small group of two employees, of which 1 is a financial advisor. Gateway Wealth, Inc is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like options, equities and bonds.

Gateway Wealth, Inc oversees all of the firm's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments for the client's account without needing client approval. The company supervises about $307,417 for every client account. $2,500,001 to $5,000,000 of their financial planning investments were in securities, with under $100,000 placed in non-securities. The average financial advisor at Gateway Wealth, Inc administers around 249 client accounts.

The firm's headquarters is at 1737 Georgetown Road, Hudson, Ohio 44236. It is legally registered to serve customers in the state of Ohio.

Assets Under Management

$76.5 million

Number of Advisors

1

Disclosures

No

Office Location

1737 Georgetown Road
Hudson, OH 44236

Gateway Wealth, Inc by the Numbers

Total Assets Under Management

$76.5 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

249

National Average: 2,073
Average Account Size

$307.4 thousand

National Average: $1.8 million

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Products and Services

Financial services that Gateway Wealth, Inc offers include financial planning services and portfolio management for individuals and small businesses. In the prior financial year, the company provided financial planning services to 101-250 of its customers. It is not involved in selling products or offering services aside from investment advice to its investment advisory clients.

Core Advisor Services

  • Offered by 45% 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 62% 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

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Fee Structure

Financial management fees vary depending on which services the firm provides the client. Fees charged by the firm most likely consist of some blend of the following fee types: asset-based or fixed. Gateway Wealth, Inc does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 74% 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 40% 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 35% 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 2% 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 17% 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 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 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

The firm caters to retail investors and high net worth investors. Out of its 249 clients, Gateway Wealth, Inc's largest client group is retail investors, though it also serves 21 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM 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 the company's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 14.09%
  • Other Individuals - 85.91%
  • 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

Gateway Wealth, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Gateway Wealth, Inc

Larry Kline
Hudson, OH

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This content was compiled from the SEC and FINRA