Wingate Wealth Advisors, Inc. (Lexington)

Name: Wingate Wealth Advisors, Inc.
Address: 450 Bedford Street, Lexington, MA, 02420 1547
Telephone: 781-862-7100

Wingate Wealth Advisors, Inc. is a large advisory firm based in Lexington. It manages $843.02 million of regulatory assets for 2,709 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 9 other states.

Wingate Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wingate Wealth Advisors: assets under management

The assets under management (AUM) of Wingate Wealth Advisors, Inc. is $843.02 million. The firm's AUM has grown by 63% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $560.6 million in discretionary accounts and $282.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $360.23 thousand.

Wingate Wealth Advisors has custody of $312.52 million in cash and securities for 344 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wingate Wealth Advisors, 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 Wingate Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Wingate Wealth Advisors is high net worth individuals with 258 clients and $692.76 million of assets under management. Among the 11 most similar advisory firms, Wingate Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $834.2 million for 624 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.

Wingate Wealth Advisors doesn't advise any private funds.

Careers at Wingate Wealth Advisors, Inc.

The company employs 26 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Matthew Allan Lasker joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Felix Vonderlinden	Shareholder	1 May 1986	25% - 50%	455606
Richard Snell Hayes	Shareholder	1 Jan 1988	25% - 50%	1806668
Jeffrey Hayden White	Chief compliance officer	1 Sep 2011	25% - 50%	465128
Mark Francis Greco	Chief operating officer	1 Sep 2011	Other	868201
Mark Francis Greco	Chief executive officer	1 Dec 2015	Other	868201
Matthew Allan Lasker	Shareholder	1 Mar 2018	25% - 50%	4416523
Gary Douglas Pomerantz	Shareholder	1 Mar 2018	25% - 50%	4757495
John Casimir Slupski	Shareholder	1 Mar 2018	25% - 50%	4525266

Based in Lexington

The principal office where Wingate Wealth Advisors, Inc. performs its advisory services is located at 450 Bedford Street, Lexington, MA 02420 1547, which is also the mailing address of the firm. An additional office of the firm is in Wakefield, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-862-7100 or by fax 781-861-9707. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wingatewealthadvisors.com.