G.L.S. & Associates, Inc. (Huntsville)


G.L.S. & Associates, Inc. is a large advisory firm based in Huntsville. It manages $136.19 million of regulatory assets for 1,163 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Alabama.

G.L.S. & Associates provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and market timing services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

G.L.S. & Associates: assets under management

The assets under management (AUM) of G.L.S. & Associates, Inc. is $136.19 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $136.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $117.1 thousand each.

Investments

The firm invests in other assets the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% 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 G.L.S. & Associates, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 G.L.S. & Associates serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of G.L.S. & Associates is individuals with 472 clients and $70.11 million of assets under management. Among the 8 most similar advisory firms, G.L.S. & Associates has the 4th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $136.19 million for 497 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.

G.L.S. & Associates doesn't advise any private funds.

Careers at G.L.S. & Associates, Inc.

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gregory Lee Smith Principal 1 Feb 1990 75% - 100% 811291
Gregory Lee Smith Chief compliance officer 1 Nov 1999 75% - 100% xxx-xx-xxxx
Williams Silvin Hawkins Vice president 1 Dec 2004 Other 1409123
Fredrick Harold Ii Niedermeyer Vice president 1 Dec 2004 Other 2480118
Joseph Scott Lawrence Vice president 1 Feb 2010 Other 2457893
Keith Michael Rogers Investment advisor 1 Apr 2011 Other 4987615
David Steven Hyman Investment advisor 1 Dec 2012 Other 5843635
Charles A Smith Technical analyst 1 Dec 2012 Other 6028001
Sharon H Clowdus Office manager 1 Dec 2012 Other 3234092
Dana C Shields Director of client relations 1 Dec 2012 Other 4709709
David Steven Hyman Vice president 1 Nov 2016 Other 5843635
Charles A Smith Vice president 1 Nov 2016 Other 6028001

Based in Huntsville

The principal office where G.L.S. & Associates, Inc. performs its advisory services is located at 200 Clinton Avenue, Huntsville, AL 35801, 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 256-539-4805 or by fax 256-534-2002. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at glsainc.com.