Gw & Wade, LLC (Wellesley)

Name: Gw & Wade, LLC
Address: 93 Worcester Street, Wellesley, MA, 02481
Telephone: (781) 239-1188

Gw & Wade, LLC is a large advisory firm based in Wellesley. It manages $5.93 billion of regulatory assets for 8,208 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Gw & Wade provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, educational seminars and workshops, and income tax preparation and consulting services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gw & Wade: assets under management

The assets under management (AUM) of Gw & Wade, LLC is $5.93 billion. The firm's AUM has grown by 117% since the beginning of its operation, and $37.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.98 billion in discretionary accounts and $951.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $784.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $509.6 thousand.

Gw & Wade has custody of $3.01 billion in cash and securities for 1,017 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gw & Wade, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Harold Glor serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Harold Glor is high net worth individuals with 1,059 clients and $5.43 billion of assets under management. Among the 10 most similar advisory firms, Gw & Wade has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.93 billion for 2,310 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Gw & Wade doesn't advise any private funds.

Careers at Gw & Wade, LLC

The company employs 61 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 30 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Harold Glor has been acting as President since 1 May 1986. Matthew George Valentine joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger William Wade	Principal/counselor	1 May 1986	Other	1326074
Michael Harold Glor	President/director/principal/counselor	1 May 1986	25% - 50%	1332746
Timothy Pinch	Principal/counselor	1 Jun 1987	Other	1506654
Philip Perry Jameson	Principal/counselor	1 Jan 2000	Other	1452524
Joseph Peter Rigali	Principal/counselor	1 Jan 2000	Other	1961498
David Robert Simmer	Principal/counselor	1 Jan 2000	Other	1259464
Robert Paul Lavigne	Chief compliance officer	1 Mar 2005	Other	3139272
Robert Francis Bodio	Principal/counselor	1 Dec 2005	Other	2937621
Gerald Anthony Polcari	Principal/counselor	1 Dec 2005	Other	1130799
Llc Focus Operating	Member (manager)	1 Sep 2007	75% - 100%	20-8161914
Neil Lawrence Goldberg	Principal	1 Sep 2007	Other	1284505
Timothy Pinch	Management committee co-head	1 Sep 2007	Other	1506654
Roger William Wade	Management committee co-head	1 Sep 2007	Other	1326074
Eric Herd Rosenberg	Principal/counselor	1 Dec 2010	Other	2937604
Darren Michael Norton	Principal/counselor	1 Dec 2010	Other	3146276
David Lawrence Brodsky	Principal/counselor	1 Dec 2010	Other	4409756
Robert James Emens	Principal/counselor	1 Dec 2010	Other	3006559
John Stephen Murray	Principal/counselor	1 Dec 2010	Other	4341104
Gene Edward Sinclair	Principal	1 Dec 2010	Other	815168
Christopher John Kenny Dolan	Chief compliance officer	1 Feb 2011	Other	2717123
Douglas H Drozdowski	Chief compliance officer	1 Mar 2011	Other	4263415
Cortina S Delpleche	Chief compliance officer	1 May 2012	Other	4455415
Beth Lehman	Chief compliance officer and general counsel	1 Jan 2013	Other	5516572
Robert Francis Bodio	Management committee member	1 Dec 2013	Other	2937621
Eric Herd Rosenberg	Management committee member	1 Dec 2013	Other	2937604
Robert James Emens	Management committee member	1 Dec 2013	Other	3006559
Christopher John Kenny Dolan	Interim chief compliance officer	1 Oct 2018	Other	2717123
Heather Schirmer Mahoney	General counsel	1 Nov 2018	Other	7053236
Matthew George Valentine	Chief compliance officer	1 Dec 2018	Other	4958447

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
L.P. Summit Venture Via	Member	1 Jan 2006	50% - 75%	04-3540853
L.P. Summit Venture Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Llc Focus Operating	Member (manager)	1 Jan 2007	75% - 100%	20-8161914
Llc Focus Financial Partners	Member	1 Sep 2007	75% - 100%	16-1728260
Lp Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Wellesley

The principal office where Gw & Wade, LLC performs its advisory services is located at 93 Worcester Street, Wellesley, MA 02481, which is also the mailing address of the firm. An additional office of the firm is in Norwell, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (781) 239-1188 or by fax (781) 239-1070. The normal business hours are 8:00 am - 5:00 pm (est) on Monday - Friday. You can find more information about the New York firm at gwwade.com.