Gravitas Wealth Advisors, LLC (Toronto, Ontario)

Gravitas Wealth Advisors, LLC is an adviser based in Toronto, Ontario. It manages $650 thousand of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and New York.

Gravitas Wealth Advisors provides portfolio management for individuals and small businesses and auto trading. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gravitas Wealth Advisors: assets under management

The assets under management (AUM) of Gravitas Wealth Advisors, LLC is $650 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 333% since the beginning of its operation, and $600 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $650 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $32.5 thousand each.

Investments

The firm invests in derivatives the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gravitas Wealth Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Gravitas Wealth Advisors serves?

The only and largest group of clients of Gravitas Wealth Advisors is individuals with 20 clients and $650 thousand of assets under management. Among the 3 most similar advisory firms, Gravitas Wealth Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $650 thousand for 20 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 90% of the firm’s clients are foreign persons or businesses.

Gravitas Wealth Advisors doesn't advise any private funds.

Careers at Gravitas Wealth Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

John Barry Poulter has served as the Chief Investment Officer since 1 Oct 2010. 2242257 Ontario Inc joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
2242257 Ontario Inc.	Member	1 Apr 2010	75% - 100%	98-1144094
Neil David Gilday	Chief executive officer and chief compliance officer	1 Oct 2010	Other	6184457
John Barry Poulter	Chief investment officer	1 Oct 2010	Other	6278881

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Portfolio Analysts Inc	Partner	1 Oct 2010	25% - 50%	140088287rc0001
Robert Anthony Carbonaro	Partner	1 Jun 2014	25% - 50%	4858945
Neil David Gilday	Partner/ceo	1 Jun 2014	25% - 50%	6184457
John Barry Poulter	Partner	1 Jun 2014	25% - 50%	6278881
2242257 Ontario Inc	Owner	1 Apr 2016	75% - 100%	98-1144094
Gravitas International Corporation	Owner	1 Apr 2016	50% - 75%	cnsx:gfi

Based in Toronto, Ontario

The principal office where Gravitas Wealth Advisors, LLC performs its advisory services is located at 333 Bay Street, Suite 1700, Toronto, Ontario, M5 H 2 R2, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 416-367-0999 or by fax 416-367-0997. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday.