Gps Wealth Strategies Group, LLC (Denver)

Name: Gps Wealth Strategies Group, LLC
Address: 8751 E. Hampden Ave.,, Denver, CO, 80231
Telephone: 303-695-6988

Gps Wealth Strategies Group, LLC is a large advisory firm based in Denver. It manages $438.42 million of regulatory assets for 2,841 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 17 other states.

Gps Wealth Strategies Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gps Wealth Strategies Group: assets under management

The assets under management (AUM) of Gps Wealth Strategies Group, LLC is $438.42 million. The firm's AUM has grown by 280% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $389.87 million in discretionary accounts and $48.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $407.96 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gps Wealth Strategies Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gps Wealth Strategies Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gps Wealth Strategies Group is individuals with 2,783 clients and $350.99 million of assets under management. Among the 10 most similar advisory firms, Gps Wealth Strategies Group has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $438.42 million for 2,841 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Gps Wealth Strategies Group doesn't advise any private funds.

Careers at Gps Wealth Strategies Group, LLC

The company employs 28 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Davin Payne	Member	1 Sep 2016	25% - 50%	5102488
Jeffrey Arthur Gore	Member, cco	1 Sep 2016	25% - 50%	2844692
Erik Curtis Sorenson	Member	1 Sep 2016	25% - 50%	5123196

Based in Denver

The principal office where Gps Wealth Strategies Group, LLC performs its advisory services is located at 8751 E. Hampden Ave.,, Denver, CO 80231, which is also the mailing address of the firm. An additional office of the firm is in Greenwood Village, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-695-6988 or by fax 720-294-0599. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at joeldandrews.com.