Gfp Private Wealth
Assets Under Management
$1.3B
Number of Clients
727
Number of Advisors
17
Average Client AUM
$1.9M
AUM per Advisor
$79.3M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
GFP Private Wealth offers continuous investment advice and financial planning services tailored to individual client needs. They manage accounts on a discretionary basis, considering client objectives and tax implications. GFP also provides financial planning services, including personal finance review, tax planning, investment review, insurance planning, retirement planning, death & disability planning, and estate planning.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10M+ | 0.50% |
Fees are for equity and balanced accounts. Fixed-income-only management fees are 0.50% on the first $5,000,000; 0.40% on the next $5,000,000; and 0.30% over $10,000,000.
Fee Estimator
GFP's annual investment advisory fees are based on a percentage of assets under management, generally ranging from 0.3% to 1.0%, but may be higher for complex accounts. For accounts over $1,000,000, fees are 1.00% on the first $5,000,000; 0.80% on the next $5,000,000; and 0.50% over $10,000,000 for equity and balanced accounts. Fixed-income-only management fees are 0.50% on the first $5,000,000; 0.40% on the next $5,000,000; and 0.30% over $10,000,000. A minimum of $1,000,000 of assets under management is generally required, but this may be negotiable. Financial planning fees are generally included in the asset-based annual fee, but additional fees may apply in complex family situations. Personal Trustee Services, Tax Prep & Filing, and Bill Payment fees range from $70 to $350 per hour or are charged as a fixed annual fee.
Areas of Practice
Location
1801 East Ninth Street, Suite 1600, Cleveland, OH, 44114