GW & Wade currently has billions in assets under management (AUM). The firm has a fee-based fee structure, so it earns compensation both from the advisory services it provides and from the commissions and mutual funds it sells.
The firm's website says it offers a unique approach to tax planning and that its advisors counsel clients on tax topics and prepare their yearend tax returns.
GW & Wade Background
GW & Wade has been in business as an independent registered investment advisor (RIA) since 1986. In 2007, the firm became an indirect, wholly-owned subsidiary of Focus Financial Partners, LLC.
While based in Wellseley, Massachusetts, GW & Wade also has offices in Palo Alto, California; Reston, Virginia; and Neeham, Massachusetts. The firm manages clients in both the U.S. and several other countries.
GW & Wade Client Types and Minimum Account Sizes
This firm serves individuals, high-net-worth individuals, pension and profit sharing plans, charitable organizations, foundations, municipalities, corporations and other business entities.
GW & Wade doesn’t have a minimum account size requirement.
Services Offered by GW & Wade
GW & Wade specializes in the following advisory services:
- Portfolio management
- Financial planning
- Selection of other advisors
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Income tax preparation
- Estate administration and consulting services
- Facilitating credit and cash management solutions
GW & Wade Investment Philosophy
GW & Wade says it assesses each clients’ long-term goals, risk tolerance and financial resources before creating a customized portfolio allocation plan. The firm also aims to construct long-term-focused diversified portfolios. In determining the effectiveness of investment strategies, the firm measures performance and risk-based expenses and statistics.
GW & Wade primarily invests client assets in mutual funds but the firm may also invest in exchange-traded funds that track actively or passively-managed indices of securities as well as individual equities and fixed income securities. From time to time, advisors may rely on options or third?party separate account managers
GW & Wade Fees
GW & Wade offers the following fee schedule for its standard asset management services:
|GW & Wade Standard Asset Management Fee Schedule|
|Amount of assets||Annual fee|
|Next $1.5 million||1.20%|
|Next $2.5 million||1.00%|
|Above $5 million||0.70%|
Here's a look at how much you can expect to pay in fees based on how much money you have under the firm's management:
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at GW & Wade*|
|Your Assets||GW & Wade Fee Amount|
What to Watch Out For
This firm has two regulatory action disclosures on its Form ADV. Most recently, in 2018, the firm paid a $50,000 fine for allegedly failing to make sure its advisors complied with Massachusetts registration requirements. The matter was also resolved through a cease and desist order.
Another thing worth noting about GW & Wade is that certain advisors can earn additional compensation from commissions and 12b-1 fees. This can create a conflict of interest if advisors push such products for personal gain even when they are not in the best interest of their clients. GW & Wade says it honors a fiduciary duty, but clients should keep these compensation arrangements in mind.
Opening an Account with GW & Wade
You can set up an account with GW & Wade by visiting any of the firm’s offices. You can also contact an advisor at (781) 239-1188.
All information is accurate as of the writing of this article.
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- Before you begin investing, it’s wise to familiarize yourself with the different types of investments and investment platforms. Consider reading our guide on investing for beginners.
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