Gwn Securities Inc. (Palm Beach Gardens)


Gwn Securities Inc. is a large advisory firm based in Palm Beach Gardens. It manages $2.03 billion of regulatory assets for 33,713 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Gwn Securities provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and market timing services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gwn Securities: assets under management

The assets under management (AUM) of Gwn Securities Inc. is $2.03 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1095% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.03 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60.27 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gwn Securities Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Denis Stephen Walsh serves?

The only and largest group of clients of Denis Stephen Walsh is individuals with 33,713 clients and $2.03 billion of assets under management. Among the 10 most similar advisory firms, Gwn Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.03 billion for 33,713 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.

Gwn Securities doesn't advise any private funds.

Careers at Gwn Securities Inc.

The company employs 675 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 350 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.

Denis Stephen Walsh has been acting as President since 1 Aug 2003. Barry Richard Rittman joined the executive team most recently as the Cfo.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
World Investment Network Parent company 1 May 1999 75% - 100% 65-0206725
John Patrick Walsh Director 1 May 1999 Other 1477074
World Investment Network Shareholder 1 Jan 2003 75% - 100% 65-0206725
Mario John Monteiro Vp/treasurer/finop 1 Aug 2003 Other 2082350
Denis Stephen Walsh President/director/ municipal principal 1 Aug 2003 Other 1124278
Mary Therese Walsh Secretary/cco/crop/srop 1 Aug 2003 Other 2829444
Christopher Paul Suttman General securities principal 1 Jan 2004 Other 2406503
Mary Therese Walsh Secretary 1 Feb 2005 Other 2829444
Laura Jeanette Cognetti Vice president/chief compliance officer/rosfp 1 Feb 2005 Other 1769643
Denis Stephen Walsh Ceo/exec director/ municipal principal, president 1 May 2005 Other 1124278
Brad Jeffrey Corbin Senior vice president of business development and marketing 1 Aug 2007 Other 1754065
Barry Richard Rittman Cfo 1 Jul 2008 Other 1997994

Based in Palm Beach Gardens

The principal office where Gwn Securities Inc. performs its advisory services is located at 11440 North Jog Road, Palm Beach Gardens, FL 33418 3764, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-472-2700 or by fax 561-472-2777. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at secure.gwnsecurities.com/default.aspx.