Gwm Advisors, LLC (Baton Rouge)

Name: Gwm Advisors, LLC
Address: 6300 Corporate Blvd, Baton Rouge, LA, 70809
Telephone: 225-930-4677

Gwm Advisors, LLC is a large advisory firm based in Baton Rouge. It manages $2.54 billion of regulatory assets for 11,175 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 42 other states.

Gwm Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gwm Advisors: assets under management

The assets under management (AUM) of Gwm Advisors, LLC is $2.54 billion. The firm's AUM has grown by 467% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.52 billion in discretionary accounts and $13.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $227.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $151.47 thousand.

Gwm Advisors has custody of $8.82 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gwm Advisors, 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 Gwm Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gwm Advisors is individuals with 6,718 clients and $1.59 billion of assets under management. Among the 9 most similar advisory firms, Gwm Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.34 billion for 7,767 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Gwm Advisors doesn't advise any private funds.

Careers at Gwm Advisors, LLC

The company employs 160 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 95 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people 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
Alexander Thomas Goss	Managing member	1 Aug 2012	50% - 75%	5653571
Gerald Thomas Goss	Managing member	1 Aug 2012	50% - 75%	226249
Theresa Bailey Russell	Chief compliance officer	1 Jun 2014	Other	1284588
George Frederick Sins	Managing member	1 Dec 2016	Other	3005305
Neil Dickman Turner	Managing member & president	1 Dec 2016	Other	6584184
Jeffrey Stone Cutler	Managing director of advisor services	1 Feb 2018	Other	4972266
Brent Patrick Nicks	Chief compliance officer	1 Apr 2018	Other	4067773
Dawn Marie Kalinowski	Chief operations officer	1 Jan 2019	Other	2770565

Based in Baton Rouge

The principal office where Gwm Advisors, LLC performs its advisory services is located at 6300 Corporate Blvd, Baton Rouge, LA 70809, which is also the mailing address of the firm. An additional office of the firm is in Bismarck, ND. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 225-930-4677 or by fax 225-421-1311. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at gosswealthmanagement.com.