Fee-based financial advisor firm Great Valley Advisor Group, Inc. (GVA) is headquartered in Wilmington, Delaware. The firm offers various advisory services to nearly 7,300 clients, and it has 66 advisors managing more than $1.4 billion in assets under management (AUM).
Great Valley Advisor Group, Inc. Background
Founded in 1986 by Alan Peters, GVA functions as a full-service registered investment advisor (RIA). Though based in Delaware, the firm also has two Pennsylvania offices in Chester Springs and Paoli. The firm is now equally owned by Ryan C. Todd and James J. Spinelli.
GVA’s team includes two chartered financial consultants (ChFCs), two accredited investment fiduciaries (AIFs), one chartered life underwriter (CLU), one chartered financial analyst (CFA) and one certified public accountant (CPA).
Great Valley Advisor Group, Inc. Client Types and Minimum Account Sizes
Non-high-net-worth individuals make up the majority of GVA’s client base, but the firm also advises high-net-worth individuals, retirement plans, corporations, profit sharing plans, limited liability companies (LLCs), charitable organizations and state or municipal government entities.
The firm generally doesn’t impose a minimum account size requirement.
Services Offered by Great Valley Advisor Group, Inc.
GVA offers its clients the following advisory services:
- Portfolio management
- Financial planning
- Selection of other advisors
- Educational seminars/workshops
- Consulting services
Great Valley Advisor Group, Inc. Investment Philosophy
GVA’s firm brochure says its investment approach is characterized by portfolio management tailored to the long-term goals of each client. In offering its clients investment recommendations, the firm utilizes an in-house money management program, Valor Asset Management of GVA, which relies on the resources of LPL Financial and Morningstar.
The program employs several strategies which are available in three categories: mutual-fund-only, ETF-only or blend.
Fees Under Great Valley Advisor Group, Inc.
GVA primarily earns its compensation from asset-based fees, hourly charges and fixed fees. Fees are billed quarterly in advance or arrears, and fees vary for non-wrap fee and wrap fee arrangements. Non-wrap fee clients pay investment advisory fees ranging from 2% to 2.50%. Clients invested in separately managed account programs of third party advisors encounter fees that may be charged as part of a wrap fee agreement. These fees typically range from 2% to 2.5%.
For financial planning and/or consulting services, the firm charges a negotiable fixed fee ranging from $250 to $16,000. Clients requiring ongoing financial planning services generally pay a recurring fee up to $5,000 per year. GVA charges a minimum annual fee of $1,000 for its financial plan consulting services.
Other expenses include deferred sales charges, 12(b)-(1) fees, third party advisor fees, custodial fees, transaction fees, exchange fees and transfer taxes. Below, we've listed the fee schedule for investment advisory services on a non-wrap fee basis.
Non-wrap fee basis:
|Amount of assets||Annual fee|
|$ 0 – 500,000||2.50%|
|$ 500,001 – 1,000,000||2.25%|
|$ 1,000,000 – 3,000,000||2.00%|
|$ 3,000,001 +||Negotiable|
What to Watch Out For
Conflicts of interest can arise, because GVA advisors earn additional compensation from recommending and selling certain investment products and services. However, the firm’s fiduciary duty prevents advisors from favoring such products over client needs.
GVA’s Form ADV doesn’t list any disclosures.
Opening an Account With Great Valley Advisor Group, Inc.
GVA offers several different ways to get in touch. If you’re interested in setting up an account, you can email the firm or fill out its contact form on its website. You can also contact GVA at (302) 483-7200.
Tips for Investing
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All information was accurate as of the writing of this article.