Crossgate Wealth Advisors, LLC (Yardley)

Name: Crossgate Wealth Advisors, LLC
Address: 605 Floral Vale Blvd., Yardley, PA, 19067 5528
Telephone: (215) 860-2234

Crossgate Wealth Advisors, LLC is a large advisory firm based in Yardley. It manages $141.43 million of regulatory assets for 575 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of New Jersey, Pennsylvania, and Texas.

Crossgate Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crossgate Wealth Advisors: assets under management

The assets under management (AUM) of Crossgate Wealth Advisors, LLC is $141.43 million. $1.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $140.24 million in discretionary accounts and $1.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $246.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $170.25 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crossgate Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Crossgate Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Crossgate Wealth Advisors is high net worth individuals with 40 clients and $107.27 million of assets under management. Among the 8 most similar advisory firms, Crossgate Wealth Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $141.43 million for 136 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Crossgate Wealth Advisors doesn't advise any private funds.

Careers at Crossgate Wealth Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John David Rea	Managing member, majority owner, president and chief compliance officer	1 Aug 2005	75% - 100%	1394178
Barbara Rea	Member, minority owner, secretary and treasurer	1 Aug 2016	25% - 50%	6709679

Based in Yardley

The principal office where Crossgate Wealth Advisors, LLC performs its advisory services is located at 605 Floral Vale Blvd., Yardley, PA 19067 5528, 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 (215) 860-2234 or by fax (215) 860-2216. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/crossgate-wealth-advisors-llc.