The Gleason Group, Inc. (Prospect)

Name: The Gleason Group, Inc.
Address: 9418 Norton Commons Boulevard, Prospect, KY, 40059
Telephone: (502) 882-7300

The Gleason Group, Inc. is a large advisory firm based in Prospect. It manages $266.4 million of regulatory assets for 674 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Illinois, Indiana, and 3 other states.

The Gleason Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Gleason Group: assets under management

The assets under management (AUM) of The Gleason Group, Inc. is $266.4 million. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $235.48 million in discretionary accounts and $30.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $355.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.81 million.

The Gleason Group has custody of $25.54 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Gleason Group, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gavin T. Gleason serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Gavin T. Gleason is high net worth individuals with 46 clients and $166.69 million of assets under management. Among the 7 most similar advisory firms, The Gleason Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $247.82 million for 212 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.

The Gleason Group doesn't advise any private funds.

Careers at The Gleason Group, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Gavin T. Gleason has been acting as President since 1 May 2015. Andrea Nicole Gleason joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrea Nicole Gleason	Chief compliance officer	1 May 2015	Other	6492857
Gavin T. Gleason	Chief executive officer/president	1 May 2015	75% - 100%	4464641

Based in Prospect

The principal office where The Gleason Group, Inc. performs its advisory services is located at 9418 Norton Commons Boulevard, Prospect, KY 40059, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (502) 882-7300 or by fax (502) 882-7287. The normal business hours are 8:00am - 5:30pm on Monday - Friday. You can find more information about the New York firm at gleason-group.com.