Gebhart & Associates, Inc.

Gebhart & Associates is a small registered advisory firm that provides financial planning, modular consulting, and related advisory services to individuals, trusts, estates, charitable organizations and business entities. The brochure states the firm does not provide ongoing portfolio management, reports no assets under management, does not take custody of client funds, and will not vote proxies on client accounts.

The firm delivers written financial plans based on client-provided information and may use financial planning software; recommendations are typically asset-class or diversified-portfolio in nature rather than specific security selections. Account reviews and monitoring are provided only at the client's request, and updates or consultations are billed separately under the firm's planning and consulting arrangements.

Noteworthy features disclosed in the brochure include a material disciplinary history involving past FINRA/NASD and SEC proceedings related to sales of unregistered securities, appellate litigation, and a public CFP Board admonition; the firm reports that most client funds were recovered through returns and settlements. The firm also uses fee arrangements that are uncommon for its peer group — offering fixed-fee plans and modular hourly consulting rather than percentage-of-AUM portfolio fees — and its advisory personnel are separately licensed to sell insurance and may receive commissions for those sales, a potential conflict disclosed in the brochure.