Good Life Advisors, LLC (Reading)


Good Life Advisors, LLC is a large advisory firm based in Reading. It manages $1.09 billion of regulatory assets for 9,785 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, California, and 36 other states.

Good Life Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Good Life Advisors: assets under management

The assets under management (AUM) of Good Life Advisors, LLC is $1.09 billion. The firm's AUM has grown by 992% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.07 billion in discretionary accounts and $24.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $130.02 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Good Life Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Good Life Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Good Life Advisors is individuals with 6,544 clients and $695.71 million of assets under management. Among the 6 most similar advisory firms, Good Life Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.09 billion for 7,010 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.

Good Life Advisors doesn't advise any private funds.

Careers at Good Life Advisors, LLC

The company employs 103 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 71 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
Llc Good Life Management Co. Member 1 May 2014 75% - 100% 47-1049933
Courtnie Elizabeth Nein Managing partner 1 May 2014 Other 5427850
Richard Gromis Chief compliance officer 1 May 2014 Other 6121219
Conor Francis Delaney Managing partner 1 Jul 2014 Other 5193222
Denise June Brochu Chief compliance officer 1 Aug 2018 Other 5165569

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Conor Francis Delaney Owner 1 May 2014 50% - 75% 5193222

Based in Reading

The principal office where Good Life Advisors, LLC performs its advisory services is located at 2395 Lancaster Pike, Reading, PA 19607, which is also the mailing address of the firm. An additional office of the firm is in Clermont, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-898-6927 or by fax 610-813-2863. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.