Gateway Wealth, Inc

CRD#106022
Investment Advisor Firm

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Learn more about Gateway Wealth, Inc

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

    • 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: $9.0 billion
    Total Number of Employees

    2

    National Average: 71,771
    Total Number of Accounts

    249

    National Average: 4,329
    Average Account Size

    $307.4 thousand

    National Average: $2.1 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 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.

    • 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 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 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.

    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.

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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
    Stow, OH

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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