Great Lakes & Atlantic Wealth Management And Advisory Partners (Charlotte)

Name: Great Lakes & Atlantic Wealth Management And Advisory Partners
Address: 200 South Tryon Street, Charlotte, NC, 28202
Telephone: 7049190439

Great Lakes & Atlantic Wealth Management And Advisory Partners is a large advisory firm based in Charlotte. It manages $1.5 billion of regulatory assets for 6,386 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arkansas, California, and 19 other states.

Great Lakes & Atlantic Wealth Management And Advisory Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Great Lakes & Atlantic Wealth Management And Advisory Partners: assets under management

The assets under management (AUM) of Great Lakes & Atlantic Wealth Management And Advisory Partners is $1.5 billion. The firm's AUM has grown by 6166% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.48 billion in discretionary accounts and $21.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $234.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $312.66 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Great Lakes & Atlantic Wealth Management And Advisory Partners 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 Great Lakes & Atlantic Wealth Management And Advisory Partners serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Great Lakes & Atlantic Wealth Management And Advisory Partners is individuals with 7,182 clients and $1.32 billion of assets under management. Among the 9 most similar advisory firms, Great Lakes & Atlantic Wealth Management And Advisory Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.5 billion for 7,440 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.

Great Lakes & Atlantic Wealth Management And Advisory Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Great Lakes & Atlantic Wealth Management And Advisory Partners

The company employs 6 people that are either part- or full-time employees. No employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Great Lakes & Atlantic Wealth Management And Advisory Partners is owned by Doug G Brown. David Whitney Jackson joined the executive team most recently as the Member/Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert E Graham	Managing member & chief compliance officer	1 Aug 2014	50% - 75%	712145
Craig Martin Cmiel	Managing member	1 Aug 2014	25% - 50%	1668811
Justin Michael Hines	Cco	1 Nov 2015	Other	5065632
Doug G Brown	Member/owner	1 May 2016	Other	6704400
David Whitney Jackson	Member/owner	1 May 2016	Other	1213535
Jeffrey Randall Hines	Member/owner	1 May 2016	Other	861837
Louis David Dworsky	Chief executive officer	1 Nov 2017	Other	1689624

Based in Charlotte

The principal office where Great Lakes & Atlantic Wealth Management And Advisory Partners performs its advisory services is located at 200 South Tryon Street, Charlotte, NC 28202, which is also the mailing address of the firm. An additional office of the firm is in Oak Brooks, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 7049190439. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at greatlakesatlantic.com.