G & O Financial Services, Inc. (St. Petersburg)

Name: G & O Financial Services, Inc.
Address: 888 Executive Center Dr W, St. Petersburg, FL, 33702
Telephone: 727-576-1245

G & O Financial Services, Inc. is a large advisory firm based in St. Petersburg. It manages $144.41 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Florida.

G & O Financial Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and investment consultation. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

G & O Financial Services: assets under management

The assets under management (AUM) of G & O Financial Services, Inc. is $144.41 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.15 million in discretionary accounts and $12.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $613.2 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 28% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay G & O Financial Services, Inc. for their services and products based on a percentage of assets under management 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 James Purington Waters serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James Purington Waters is high net worth individuals with 14 clients and $138.31 million of assets under management. Among the 12 most similar advisory firms, G & O Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.41 million for 30 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 & O Financial Services doesn't advise any private funds.

Careers at G & O Financial Services, Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

James Purington Waters has been acting as President since 1 Jan 1999. Kevin Patrick Mccutcheon has served as the Chief Investment Officer since 1 Jul 2013. Charles Burt Linthicum joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Purington Waters	Director	1 Jan 1999	Other	5219896
Louis Philip Ortiz	President	1 Jan 1999	Other	5219890
Luis Garcia	Vice president	1 Jan 1999	Other	4393577
Stephen Tondreault	Treasurer/secretary	1 Jan 1999	Other	2776871
Jose Edward Del Rio	Director	1 Jan 1999	Other	5219900
Clayton Carter Kreis	Chief compliance officer/director	1 Jan 1999	Other	1725924
Stephen Henri Tondreault	Treasurer/secretary	1 Jan 1999	Other	2776871
Charles Burt Linthicum	Director	1 Jan 2009	Other	5649824
Suzanne Mary Reiber	Director	1 Jan 2009	Other	1789242
Kevin Patrick Mccutcheon	Chief investment officer	1 Jul 2013	Other	6105535

Based in St. Petersburg

The principal office where G & O Financial Services, Inc. performs its advisory services is located at 888 Executive Center Dr W, St. Petersburg, FL 33702, 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 727-576-1245 or by fax 727-578-4072. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at gofinancialwealth.com.