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GW&K Investment Management Review

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GWK Investment Management, LLC

GW&K Investment Management, LLC is a fee-only firm headquartered in Boston. The firm offers investment advisory services to a range of individual and institutional clients, and it has more than 37,500 clients. GW&K also specializes in active equity and fixed income investment solutions, and it incorporates equity, municipal bond and taxable bond strategies in its investment process. 

The financial advisor has $36.9 billion in assets under management (AUM). 

GW&K Investment Management Background

The firm was founded in 1974, and in 2008 it became a partner of Affiliated Managers Group, Inc, a publicly-traded global asset management company. In addition to its municipal bond strategies, the firm also employs small cap and small/mid cap and core fixed income investment approaches. GW&K manages wrap accounts, and it also participates in certain sub-advisory agreements. 

What Types of Clients Does GW&K Investment Management Accept?

GW&K accepts private or high-net-worth clients, estates, pension and profit-sharing plans, charitable foundations, endowments, corporations, private funds, mutual funds, Undertakings for Collective Investment in Transferable Securities (UCITS) funds, collective trusts and other entities. 

GW&K Investment Management Minimum Account Sizes

The firm generally requires a minimum account size of $1 million, but this fee is negotiable and the firm may waive it at its discretion. For advisory services the firm provides to wrap fee programs, or for sub-advisory services it offers to pooled investment vehicles, the relevant program or fund sponsor determines the minimum. 

Services Offered by GW&K Investment Management

GW&K offers the following advisory services:

  • Portfolio management 
  • Investment strategies
    • Equity
    • Taxable bond
    • Municipal bond

Investment Philosophy

GW&K says it strives to make investment decisions in conjunction with its beliefs in rigorous research, disciplined management and a client-driven culture. Its philosophy also consists strongly of finding unexpected investment opportunities and providing personalized management services.

The firm describes its management approach as one that places clients’ interests first and strives to meet investment objectives in the midst of market fluctuations.

Fees Under GW&K Investment Management

For investment advisory services, GW&K earns 1.00% for equity strategies and 0.65% for fixed income strategies. The fee rates vary per account size and investment strategy. The firm’s standard fee schedules are negotiable, and its fees are usually billed quarterly in advance or in arrears. 

For the firm’s sub-advisory services to pooled investment vehicles, and its management of wrap programs, each vehicle or program’s contract sponsor determines the advisory fee. The fee schedules for private funds, mutual funds and UCITS are specified in each fund’s prospectus or offering memorandum. The firm also manages some programs without full discretion, and these fees are also determined each program’s or account’s sponsor. 

GW&K additionally receives performance-based fees for its investment management. The fees are based on a percentage of the net profits being managed. 

What to Watch Out For

Though the firm has a fiduciary duty to its clients, it acknowledges that its side-by-side management of asset-based and performance-based accounts may create incentive for advisors to favor performance-based accounts. This is because the performance-based accounts may earn them higher compensation if investments perform well. 

The firm has policies and procedures that enforce fair treatment of all accounts, but it’s still important to consider these factors before investing with GW&K.

Disclosures 

This firm doesn’t have any disclosures in the past 10 years.

Opening an Account With GW&K Investment Management

GW&K offers prospective investors a number of options for getting in touch. If you’re interested in opening an account, you can reach out to an advisor through the firm’s contact page. You can also visit or call the firm’s main office at (617) 236-8900.

Where is GW&K Investment Management Located?

GW&K is located in Boston, Massachusetts at 222 Berkeley Street.

Tips for Investment

  • Investing can be unpredictable, but that doesn’t mean you can’t approach it with a plan. Before you allocate your assets, it may be useful to assess your overall financial situation to see how much you can afford to invest. Our budget calculator can give you a better view of your expenses.
  • Finding a financial advisor is one thing, but finding the right financial advisor is another. If you’re having trouble, SmartAsset’s free financial advisor matching tool pairs you with up to three local advisors who meet your needs.

All information was accurate as of the writing of this article. 

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research