Gary Shumate
Gary Shumate is a registered investment advisor at Osaic Wealth, INC., based in Wyomissing, PA, with 20 years of industry experience. Gary operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
1436 Penn Avenue, Suite B, Wyomissing, PA, 19610
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
August 2009Other Business ActivitiesSells Insurance
Gary operates Patriot Private Wealth Management for investment-related business and owns 963 Properties, LLC for rental properties, dedicating minimal time. He also works as an independent agent selling fixed insurance through Associated Life Brokerage, spending a full-time equivalent on this activity.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Saxony Capital Management, LLC
Saxony Securities, INC.Broker
Saxony Capital Management, LLC
Morgan Stanley
Morgan StanleyBroker
Hsbc Securities (USA) INC.
Hsbc Securities (USA) INC.Broker
Raymond James Financial Services, INC.Broker
Wells Fargo Advisors, LLCBroker
State Registrations3 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.