Gw&K Investment Management, LLC (Boston)

Name: Gw&K Investment Management, LLC
Address: 222 Berkeley Street, Boston, MA, 02116
Telephone: 617-236-8900

Gw&K Investment Management, LLC is a large advisory firm based in Boston. It manages $36.96 billion of regulatory assets for 37,561 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Gw&K Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gw&K Investment Management: assets under management

The assets under management (AUM) of Gw&K Investment Management, LLC is $36.96 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and $1.46 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $36.96 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $984.05 thousand each.

Gw&K Investment Management has custody of $16.8 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gw&K Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gw&K Investment Management serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Gw&K Investment Management is high net worth individuals with 36,548 clients and $27.96 billion of assets under management. Among the 7 most similar advisory firms, Gw&K Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $36.43 billion for 37,318 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Gw&K Investment Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Gw&K Investment Management, LLC

The company employs 148 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Llc Amg Gwk Holdings joined the executive team most recently as the Manager And Series A Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harold Gilbert Kotler	Chief executive officer	1 Mar 1975	Other	2489701
Iii Thomas Williams Roberts	Co-president & chief compliance officer	1 Oct 2006	Other	4929625
Thomas F X Powers	Co-president	1 Oct 2006	Other	1889039
Llc Amg Boston Holdings	Manager member	1 Oct 2008	50% - 75%	04-3218510

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Affiliated Managers Group	Manager and sole member	1 Jun 2014	75% - 100%	04-3218510
Llc Amg Gwk Holdings	Manager and series a member	1 Sep 2014	75% - 100%	47-1123048

Based in Boston

The principal office where Gw&K Investment Management, LLC performs its advisory services is located at 222 Berkeley Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in Winter Park, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-236-8900 or by fax 617-236-1815. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at gwkinvest.com.