Gold Medal Waters, Inc. (Boulder)

Name: Gold Medal Waters, Inc.
Address: 4551 13 Th Street, Boulder, CO, 80304
Telephone: 720 887-1299

Gold Medal Waters, Inc. is a large advisory firm based in Boulder. It manages $103.39 million of regulatory assets for 454 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado, Illinois, Nebraska, and Texas.

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

Gold Medal Waters: assets under management

The assets under management (AUM) of Gold Medal Waters, Inc. is $103.39 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $95.79 million in discretionary accounts and $7.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $222.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $316.57 thousand.

Gold Medal Waters has custody of $8.8 million in cash and securities for 10 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 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gold Medal Waters, 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 Gold Medal Waters serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Gold Medal Waters is high net worth individuals with 29 clients and $61.91 million of assets under management. Among the 6 most similar advisory firms, Gold Medal Waters has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $102 million for 133 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.

Gold Medal Waters doesn't advise any private funds.

Careers at Gold Medal Waters, Inc.

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 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
Matthew Joseph Kelley	Member, cco, owner and president	1 Jun 2004	75% - 100%	4504752

Based in Boulder

The principal office where Gold Medal Waters, Inc. performs its advisory services is located at 4551 13 Th Street, Boulder, CO 80304 The mailing address of the firm is 4845 Pearl East Circle, Boulder, CO 80301. An additional office of the firm is in Lafayette, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 720 887-1299 or by fax 720-438-7118. The normal business hours are by appointment only on Other. You can find more information about the New York firm at goldmedalwaters.com.