G.A. Repple & Company
G.A. Repple & Company is a financial advisor firm located in Casselberry, Florida. The firm, which operates with a fee-based structure, offers services such as financial planning and portfolio management. G.A. Repple & Company primarily works with individual clients, but has some institutional investors on its client rolls as well.
G.A. Repple Background
G.A. Repple & Company has been registered as an investment advisor since 1983 and has acted as a broker-dealer in the offer of sale of securities products since 1986. Glenn A. Repple is founder and president, Bryan A. Repple is CEO and leads insurance services, while Timothy Moyer serves as chief compliance and operations officer.
The firm is wholly owned by its parent company, G.A. Repple Financial Group, Inc.
The Glenn A. Repple Revocable Trust is the majority stockholder of G.A. Repple Financial Group, Inc. The remaining minority ownership in thr firm's parent company is allocated among a small number of other family members.
G.A. Repple Client Types and Minimum Account Sizes
G.A. Repple advises both non-high-net-worth individuals and corporations.
In general, the firm suggests a $25,000 account minimum for its advisory accounts.
Services Offered by G.A. Repple
G.A. Repple & Company provides various advisory services for its clients, including direct asset management, third-party asset management and financial planning.
In a direct asset managed account, the investment advisor representative (IAR) will act on the client's behalf in executing the investment strategy. These accounts can be managed on either a discretionary or non-discretionary basis. The portfolio allocation is designed to meet the client's financial situation and needs. It can consist of exchange-listed securities, corporate and municipal bonds, unit investment trusts (UITs) direct participation programs, various insurance products and alternative investments.
Furthermore, G.A. Repple offers portfolio management services via an optional wrap fee program that is different from non-wrap programs in execution and strategy. Clients who select the wrap fee option pay a single, all-inclusive fee according to the firm's fee schedule. Wrap accounts under the firm's Direct Asset Management Services are managed by IARs as portfolio managers.
For third-party asset management, the firm provides assistance to their clients in the selection of a suitable third-party asset manager. This manager provides the client's IAR with various tools, including asset allocation, portfolio optimization, investment policy development, manager selection and proposal development and periodic client reporting. There will be a separate management agreement for these accounts and third-party asset managers exercise discretion in the management of accounts.
For financial planning services, IARs offer a comprehensive written financial plan designed to help the client achieve their goals. The client will provide the IAR with necessary background information in order to make proper assesments. Financial plans may include any or all of the following as requested or directed by the client: asset protection, tax planning, business succession, strategies for exercising stock options, cash flow, education planning, estate planning and wealth transfer, charitable giving, long-term care and disability planning, retirement planning, insurance planning, asset allocation comparisons and risk management.
G.A. Repple Investment Philosophy
IARs at G.A. Repple may use many different methods of analysis when they create investment advice or manage assets of clients, including but not limited to the following:
- Fundamental analysis - attempt to measure the intrinsic value of a security by looking at economic and financial factors
- Technical analysis - analysis of how the market has performed historically
- Cyclical analysis - measurement of the movements of a particular stock against the overall market
The main sources of information the firm uses include financial newspapers and magazines, inspections of corporate activities, research materials prepared by others, corporate rating services, annual reports, prospectuses, filings with the SEC and company press releases.
Furthermore, they may use one or more of the following strategies for managing assets:
- Long-term purchases of securities
- Short-term purchases of securities
- Trading securities
- Short sales - securities transactions in which the investor sells in anticipation of a price decline
- Margin transactions
- Option purchases and option writing
Fees Under G.A. Repple
Clients participating in the Direct Asset Management Services programs may choose a wrapped or non-wrapped pricing option. Wrap accounts have a bundled fee structure for account management and transaction charges. Non-wrap account fee pricing allows the client to pay separately for the advisory fee and trading charges. For a wrap fee schedule, total account fees range from 0.25% to 2.00%. For non-wrap, fees range from 0.25% to 1.85%.
Some fee rates are negotiable at the discretion of the firm and vary depending on the complexity of the client's situation, scope of the services provided and experience and expertise of the IAR. Fees charged for certain fee-based mutual fund share classes are not negotiable. Unless otherwise stated, advisory fees are due and payable in advance. They are calculated by the custodian and based on the market value of account assets on the last day of the month.
Clients who participate in the third-party asset management program are charged a monthly or quarterly fee for services based on a percentage of AUM. The firm and IARs receive solicitor fee compensation according to the agreements with the client for introducing third-party managers to clients. This compensation is usually a portion of the investment advisory fee charged by the third-party manager.
Clients who participate in financial planning services are typically charged through a fixed fee or hourly arragement. Fees are negotiable and vary depending on the complexity of the client situation and services to be provided. Fixed fees generally range from $150 to $5,000 per plan. Hourly fees normally range from $100 to $250 per hour, depending on the experience and qualifications of the IAR. For financial planning fees of less than $1,000 per year, 50% of the fee may be due at the start, with the remainder paid at the time services are delivered.
Clients may have to pay other internal fees and expenses in addition to any investment advisory fees described above and should review their agreement carefully with their advisor to understand how these might affect their fee payments.
Learn more about advisors' typical costs here.
What to Watch Out For
G.A. Repple has six disclosures listed on its latest SEC-filed Form ADV, including one from 2018, when the firm paid a fine of $25,000 in response to allegations brought by the Securities & Exchange Commission (SEC) of failure to reasonably supervise an agent in connection with false information posted to the agent's website.
It is important to note that advisors at G.A. Repple may also be broker-dealers and/or insurance agents. Employees acting in these non-advisor roles generally receive transaction-based fees, which can be a potential conflict of interest. That said, as an SEC-registered investment advisor, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times.
Opening an Account With G.A. Repple
To open an account with G.A. Repple, you can visit the firm's website or call (407) 339-9090.
All information is accurate as of the writing of this article.
Tips for Finding a Financial Advisor
- SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- Ask candidates whether they adhere to the fiduciary standard of putting clients’ interests first. Yes is the ideal answer, of course. But they may follow a lower standard of providing only suitable recommendations.
