Below you will find answers to common questions. If your question does not appear in this list, please email or call us. Someone from our office will reply personally.
What services do you provide?
GW & Wade provides comprehensive tax planning, investment management, retirement and estate planning. We serve individuals and their families, as well as providing personal financial counseling for the executive management teams of public and private companies.
What is your fee structure?
We structure our fees to suit each client engagement.
What is the minimum portfolio size you manage?
We do not have a stated minimum. Our preference is to have a preliminary conversation, to see if we can be helpful. Our goal is to fully understand the financial circumstances of prospective clients, to ensure the relationship is suitable and fair for all parties.
When should I engage an advisor?
- When you have a liquidity event or other life event, such as marriage, divorce, baby, death in the family, new job, inheritance, retirement or even buying a home.
- When you outgrow, or become unhappy with, your current financial advisor or other professional advisors.
- When your net worth is likely to go up significantly in the coming years.
What makes GW & Wade different?
- We provide Tax planning and completion of all tax returns. We find that effective, professional tax work can have as positive an impact on our clients’ situations as portfolio management. We file taxes for 85% of our financial planning clients. (Although if you like your current CPA and have not outgrown them, we are just as happy to work with them.)
- We are an independent, fee based financial advisory firm. Charging a flat fee versus commissions enables us to make our clients best interests our number one priority.
- We have more than 25 years of industry experience with a myriad of professional designations, advanced degrees and licenses ranging from JDs, MBAs, CPAs, CFPs®, Security and Investment Advisory Licenses to Masters in Taxation.
- We work hard to get to know our clients and strive to build a solid long lasting relationship built on mutual trust. The firm brings an independent, objective approach to managing wealth.
What’s the difference between brokers and independent advisors?
There are a myriad of differences, but the following are most meaningful to you. Brokers at banks and brokerage firms get paid differently for different financial products. They are paid on commission. Independent advisors, such as GW & Wade, favor the the objectivity inherent in not selling financial products, such as annuities or insurance. Banks and brokerage firms typically have branch offices, with regional and national sales goals, which incentivize them to maximize fees. The GW & Wade philosophy is to work independently for our clients, rather than representing an insurance company, mutual fund or other financial firm.
How would you manage my money?
We start by listening to you. We spend a great deal of time getting to know you and your loved ones personally, and begin to build a trusting relationship that will grow over time. We want to know how long we have to achieve your goal, what is your attitude about risk, what other assets do you have and what are your restrictions on, and intentions for them. Once we understand your complete asset, investment, tax and estate picture, we can develop efficient portfolios that represent the best historical probability of achieving your goal, with the least amount of risk. We then monitor the portfolio elements virtually daily, making infrequent changes as necessary and staying in regular contact.
What types of investment vehicles do you use?
We use the most efficient vehicles we can find that fit your investment mission. These can include index funds, actively managed mutual funds, separate account managers, hedge funds, stocks, long/short funds, currency funds, hard asset funds, and a select few private equity funds. Each client portfolio is built with what we regard as “best of breed”, third party solutions, to achieve the best possible result for our clients. Our approach ensures our independence, aligns our advice with our clients’ requirements, and enables our investment management process to result in competitive returns and fees.
Are my assets safe?
All client investments are safely held with third-party custodians. Most client accounts are held at National Financial Services LLC (NFS), a Fidelity Investments Company. For the protection of our clients, both NFS and GW & Wade are members of the Securities Investor Protection Corporation (SIPC). In addition, NFS provides $1 Billion “excess of SIPC” coverage from Lloyd’s of London Insurance, together with Axis Specialty Europe Ltd. and Munich Reinsurance Co. This is the maximum “excess of SIPC” protection currently available in the brokerage industry.
How do I become a client?
To start, please give us a call or send us an email with the best number and time to contact you (firstname.lastname@example.org). Prospective clients on or near the East Coast should call our Wellesley, MA office at 781-239-1188. If you are on or near the West Coast, you should call our Palo Alto, CA office at 650-618-6323. You will then spend a few minutes talking to us about your specific situation, your priorities, issues of immediate importance, and any other specifics we might need to know before we have you come in to meet with one of our Counselors. We then set up a time for a one-hour complimentary consultation, to listen to your concerns and get a deeper understanding of your financial opportunities. Should we mutually decide to move forward, we will provide you with a written proposal of our services and fees. If the proposal is acceptable, we execute an advisory agreement. We then give you a list of documents to provide to us for review, to help us begin your financial counseling. Then we have a series of meetings to build you a solid financial plan.
What does GW & Wade stand for?
The founders of the firm were Mike Glor, Richard Wright and Roger Wade. Mike and Roger are still leading the firm and their client service teams. Richard Wright is retired.